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RILY

B. Riley Financial

$20.40

0.45 (2.26%)

, BONT

Bon-Ton Stores

$0.00

(0.00%)

08:40
04/19/18
04/19
08:40
04/19/18
08:40

B. Riley Financial subsidiary to acquire rights to Bon-Ton Stores

B. Riley Financial (RILY) subsidiary, Great American Group, LLC; Tiger Capital Group, LLC; and Wilmington Savings Fund Society FSB, as indenture agent and collateral trustee for the second-lien noteholders, announced that they will jointly acquire rights to the merchandise, real estate, intellectual property and certain other assets of Bon-Ton Stores, Inc. and its subsidiaries (BONT) for an aggregate purchase price of approximately $780M. Through an unprecedented joint venture structure, the transaction facilitates the pay-down of Bon-Ton's asset based loan, or ABL, and debtor in possession, or DIP, credit facilities, and the payment of certain necessary wind-down costs incurred in connection with the liquidation of Bon-Ton's 212 retail stores, as well as its distribution facilities and corporate headquarters. It is also anticipated that the sale will provide meaningful recoveries to the senior secured noteholders.

RILY

B. Riley Financial

$20.40

0.45 (2.26%)

BONT

Bon-Ton Stores

$0.00

(0.00%)

RILY B. Riley Financial
$20.40

0.45 (2.26%)

BONT Bon-Ton Stores
$0.00

(0.00%)

12/22/17
MSCO
12/22/17
NO CHANGE
MSCO
TJX stands to benefit from Bon-Ton closures, says Morgan Stanley
After analyzing which department stores and off-price retailers have the greatest overlap with troubled retailer Bon-Ton Stores (BONT), Morgan Stanley analyst Kimberly Greenberger found that over 40% of Bon-Ton's have a TJX (TJX) concept within a one mile radius and she sees it as the retailer that could benefit the most from a Bon-Ton liquidity event. Though Sears (SHLD) has the greatest overlap overall, there is no evidence to suggest it, nor Kohl's (KSS) and J.C. Penney (JCP), have been able to capitalize on Bon-Ton's struggles so far, added Greenberger.
02/05/18
JEFF
02/05/18
NO CHANGE
Target $100
JEFF
Buy
Bon-Ton Stores bankruptcy benefits Kohl's, says Jefferies
Jefferies analyst Randal Konik notes that Bon-Ton Stores filed bankruptcy protection and provided the locations of the about 50 units slated for closure. The analyst now estimates near-term closures from Macy's (M), Sears (SHLD), Kmart, and Bon-Ton (BONT) should add about 18c to Kohl's (KSS) EPS and a 1.5% comp lift. Moreover, Konik believes the materialization of Bon-Ton's closures could be a "cherry on top" to accelerating fundamentals at Kohl's this year. He reiterates a Buy rating and $100 price target on Kohl's shares.
02/13/18
ADAM
02/13/18
NO CHANGE
Target $50
ADAM
Steven Madden pullback puts shares at two-year trough, says Canaccord
Canaccord analyst Camilo Lyon met with Steve Madden (SHOO) management and came away positive on the company's late summer/early fall deliveries and the momentum the company currently carries into 2018. The analyst lowered his estimates on its exposure to the Bon-Ton Stores (BONT) bankruptcy, though he reiterated his Buy rating on Steve Madden shares given its recent pullback, which he notes puts the stock's valuation at a two-year trough.

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BNFT

Benefitfocus

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DTEA

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LFGR

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MU

Micron

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NWPX

Northwest Pipe

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FMC

FMC Corporation

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IRDM

Iridium

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CERN

Cerner

$60.75

-0.6 (-0.98%)

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TPR

Tapestry

$44.98

0.5 (1.12%)

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TWOU

2U

$95.50

-0.16 (-0.17%)

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NDSN

Nordson

$139.50

4.45 (3.30%)

16:33
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Earnings
Nordson sees Q3 EPS $1.47-$1.63, consensus $1.91 »

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NDSN

Nordson

$139.50

4.45 (3.30%)

16:32
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Earnings
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  • 22

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SMCI

Super Micro Computer

$23.85

0.2 (0.85%)

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DAR

Darling Ingredients

$18.45

0.275 (1.51%)

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MU

Micron

$55.48

2.11 (3.95%)

, INTC

Intel

$54.32

0.82 (1.53%)

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MU

Micron

$55.48

2.11 (3.95%)

INTC

Intel

$54.32

0.82 (1.53%)

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HTLF

Heartland Financial

$55.70

0.55 (1.00%)

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SAIL

SailPoint

$22.43

-0.16 (-0.71%)

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Options
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FBK

FB Financial

$43.62

0.61 (1.42%)

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MS

Morgan Stanley

$54.37

0.45 (0.83%)

, DQ

Daqo New Energy

$65.37

0.515 (0.79%)

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$54.37

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DQ

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APA

Apache

$44.27

0.36 (0.82%)

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Recommendations
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IGT

International Game

$29.75

-0.655 (-2.15%)

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IGT

International Game

$29.75

-0.655 (-2.15%)

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Earnings
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SQ

Square

$56.37

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SAIL

SailPoint

$22.43

-0.16 (-0.71%)

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