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DISCA

Discovery

$26.04

0.87 (3.46%)

, SNI

Scripps Networks

$89.72

1.21 (1.37%)

16:34
02/27/18
02/27
16:34
02/27/18
16:34

Discovery, Scripps Networks announce election deadline for Scripps shareholders

In connection with their previously announced business combination transaction, Discovery Communications, Inc. (DISCA) and Scripps Networks Interactive (SNI) announced that they have set the deadline for shareholders of Scripps to make an election with respect to the form of consideration they wish to receive pursuant to the Agreement and Plan of Merger, dated as of July 30, 2017, by and among Scripps, Discovery and Skylight Merger Sub, subject to the proration and cash top-up procedures set forth in the Merger Agreement, to be 5:00 p.m. (New York City time) on March 2. Discovery will announce whether it has elected to exercise the cash top-up option set forth in the Merger Agreement no later than two trading days prior to the expected closing date. Discovery and Scripps currently expect to consummate the transactions contemplated by the Merger Agreement on March 6, 2018, subject to the satisfaction of all closing conditions.

DISCA

Discovery

$26.04

0.87 (3.46%)

SNI

Scripps Networks

$89.72

1.21 (1.37%)

  • 27

    Feb

  • 01

    Mar

  • 05

    Mar

DISCA Discovery
$26.04

0.87 (3.46%)

01/04/18
WELS
01/04/18
NO CHANGE
Target $25
WELS
Market Perform
Discovery price target raised to $25 from $18 at Wells Fargo
Wells Fargo analyst Marci Ryvicker raised her price target for Discovery to $25 from $18 to incorporate tax reform. The analyst reiterates a Market Perform rating on the shares.
01/09/18
PIVT
01/09/18
DOWNGRADE
PIVT
Hold
Discovery downgraded to Hold from Buy at Pivotal Research
01/18/18
RBCM
01/18/18
NO CHANGE
Target $29
RBCM
Outperform
Discovery Communications price target raised to $29 from $24 at RBC Capital
RBC Capital analyst Steven Cahall raised his price target on Discovery Communications (DISCA) to $29 after hosting Investor Relations meetings with representatives from the company and Scripps Network (SNI). Cahall anticipates the acquisition of the latter to produce a "positive synergy bias" along with "vastly improved sentiment", which should benefit the combined company. Cahall adds that Discovery Communications has backed its Q4 domestic ad outlook of low-single-digit growth, while Scripps Network perceives the ad market remaining healthy. The analyst keeps his Outperform rating on Discovery Communications.
02/20/18
MOFT
02/20/18
UPGRADE
MOFT
Neutral
Discovery upgraded to Neutral from Sell at MoffettNathanson
SNI Scripps Networks
$89.72

1.21 (1.37%)

09/05/17
WELS
09/05/17
UPGRADE
Target $116
WELS
Outperform
Disney upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Marci Ryvicker upgraded Disney (DIS) to Outperform and raised her price target for the shares to $116 from $109. The owner of ESPN and ABC closed Friday up 31c to $101.50. Concerns over potential dilution from the BAMTech stake and the streaming apps are "widely overdone," Ryvicker tells investors in a research note where she also downgraded Viacom (VIAB). She expects the TV ecosystem will soon undergo on an accelerated push into over-the-top. As such, investors may need to start increasing exposure to media companies with solid streaming strategies, such as CBS (CBS), 21st Century Fox (FOXA), and Disney, and lessen exposure to those that do not, such as Viacom and Scripps Networks (SNI)/Discovery Communications (DISCA), Ryvicker argues. The analyst likes the current entry point for Disney shares.
12/21/17
BOFA
12/21/17
UPGRADE
Target $30
BOFA
Buy
Discovery upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Jessica Reif Cohen upgraded Discovery Communications (DISCA) to Buy and increased its price target to $30 from $26 saying shares are pricing in a significant amount of uncertainty and little benefit from the pending Scripps Networks (SNI) acquisition. Cohen believes the deal yields substantial synergies and deleveraging potential and views risk/reward as favorable.
01/02/18
BRRR
01/02/18
UPGRADE
BRRR
Outperform
Barrington upgrades Discovery with $30 target into Scripps deal
Barrington analyst James Goss upgraded Discovery Communications (DISCA) to Outperform from Market Perform with a $30 price target. The "depressed stock price in recent years" does not reflect the value that can be created by the Scripps Networks (SNI) acquisition, Goss tells investors in a research note.

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CRSP

Crispr Therapeutics

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Encana

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ADS

Alliance Data

$220.17

-23.32 (-9.58%)

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CRM

Salesforce

$147.50

-0.18 (-0.12%)

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YELP

Yelp

$40.33

0.54 (1.36%)

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LBIX

Leading Brands

$1.62

-0.06 (-3.57%)

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STM

STMicroelectronics

$22.84

0.2 (0.88%)

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STMicroelectronics call volume above normal and directionally bullish »

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  • 25

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EDIT

Editas Medicine

$36.20

-1.71 (-4.51%)

, NTLA

Intellia Therapeutics

$30.55

-2.05 (-6.29%)

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EDIT

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NTLA

Intellia Therapeutics

$30.55

-2.05 (-6.29%)

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CVS

CVS Health

$68.30

-0.33 (-0.48%)

13:19
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CVS apologizes after store managers call police on black customer, AP says »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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NYSE market internals summary »

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PEGI

Pattern Energy

$17.84

0.75 (4.39%)

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13:05
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The Brookings Institution to hold a conference »

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C

Citi

$69.22

2.22 (3.31%)

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Citi reports June credit loss 2.60% vs. 2.78% last month »

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ORMP

Oramed

$5.89

-0.08 (-1.34%)

13:02
07/16/18
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Downgrade
Oramed rating change  »

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QDEL

Quidel

$69.21

0.03 (0.04%)

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RRD

R.R. Donnelley

$5.53

-0.11 (-1.95%)

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4K RR Donnelley and Sons Aug 6 calls trade for 24c »

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Fed Chairman Powell's Monetary Policy testimony Tuesday won't break new ground »

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AMD

AMD

$16.85

0.575 (3.53%)

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ORMP

Oramed

$5.89

-0.08 (-1.34%)

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CRC

California Resources

$39.03

-1.52 (-3.75%)

12:55
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California Resources put volume heavy and directionally bearish »

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  • 02

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CTWS

Connecticut Water

$66.48

-0.02 (-0.03%)

, ES

Eversource

$59.14

(0.00%)

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CTWS

Connecticut Water

$66.48

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ES

Eversource

$59.14

(0.00%)

SJW

SJW Corp.

$66.14

-0.06 (-0.09%)

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WWE

WWE

$79.30

2.33 (3.03%)

12:45
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Options
WWE call volume above normal and directionally bullish »

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