Breaking News Instant updates and real-time market news.

CVON

ConvergeOne

$9.43

0.15 (1.62%)

08:03
11/06/18
11/06
08:03
11/06/18
08:03

ConvergeOne to be acquired by CVC for $12.50 per share in $1.8B deal

ConvergeOne Holdings announced that it has entered into a definitive agreement to be acquired by affiliates of CVC Fund VII in an all-cash transaction valued at approximately $1.8B. Subject to customary closing conditions and regulatory approvals, ConvergeOne expects the transaction to close in the fourth quarter of 2018 or the first quarter of 2019. ConvergeOne will maintain its corporate headquarters in Eagan, MN and continue to be led by its current executive team. Pursuant to the terms of the merger agreement, affiliates of CVC will commence a tender offer for all of the outstanding shares of the company in an all-cash transaction valued at $12.50 per share of common stock of the company, representing a 35% premium to the thirty-day VWAP prior to October 25, 2018 and representing over a 56% premium to the closing price on ConvergeOne's debut date on the Nasdaq on February 23. John McKenna Jr., Chairman and CEO of ConvergeOne commented, "Today's announcement is a tremendous accomplishment for ConvergeOne and highlights the continued success of the Company. We are extremely proud of the ConvergeOne team, and we truly appreciate our phenomenal partnership with Clearlake and our other shareholders that has resulted in significant value creation. Our team is thrilled to partner with CVC to execute on the compelling growth opportunities in the rapidly evolving collaboration and technology services market."

CVON ConvergeOne
$9.43

0.15 (1.62%)

04/24/18
COWN
04/24/18
INITIATION
Target $12
COWN
Outperform
ConvergeOne initiated with an Outperform at Cowen
Cowen initiated ConvergeOne with an Outperform and $12 price target.
04/24/18
04/24/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. First Data (FDC) initiated with a Buy at Mizuho. 2. Allergan (AGN) resumed with a Buy at Citi. 3. Alder Biopharmaceuticals (ALDR) initiated with a Neutral at Goldman Sachs. 4. ConvergeOne (CVON) initiated with an Outperform at Cowen. 5. Aeglea BioTherapeutics (AGLE) initiated with an Outperform at Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/04/18
JPMS
05/04/18
INITIATION
Target $11
JPMS
Overweight
ConvergeOne initiated with an Overweight at JPMorgan
JPMorgan analyst Tien-tsin Huang started ConvergeOne with an Overweight rating and $11 price target. The analyst likes the company as a "niche solutions provider to the complex collaboration market."
05/04/18
05/04/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Pieris Pharmaceuticals (PIRS) initiated with an Outperform at Cowen. 2. Extraction Oil & Gas (XOG) and ConvergeOne (CVON) were initiated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

IMDZ

Immune Design

$5.83

4.405 (309.12%)

19:41
02/21/19
02/21
19:41
02/21/19
19:41
Downgrade
Immune Design rating change  »

Immune Design downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VIPS

Vipshop

$6.30

-1 (-13.70%)

19:40
02/21/19
02/21
19:40
02/21/19
19:40
Downgrade
Vipshop rating change  »

Vipshop downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

ADBE

Adobe

$257.67

-0.46 (-0.18%)

19:39
02/21/19
02/21
19:39
02/21/19
19:39
Downgrade
Adobe rating change  »

Adobe downgraded to Hold…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Mar

KL

Kirkland Lake Gold

$36.03

2.6 (7.78%)

19:37
02/21/19
02/21
19:37
02/21/19
19:37
Earnings
Kirkland Lake Gold reports Q4 EPS 52c vs. 31c last year »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Feb

MTN

Vail Resorts

$207.48

-3.69 (-1.75%)

19:34
02/21/19
02/21
19:34
02/21/19
19:34
Hot Stocks
Vail Resorts to buy Falls Creek and Hotham ski resorts in Australia for AUD174M »

Vail Resorts announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$277.43

-0.99 (-0.36%)

19:23
02/21/19
02/21
19:23
02/21/19
19:23
Periodicals
U.S, China resume trade negotiations to hash out structural issues, Reuters says »

Top U.S. and Chinese…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$277.43

-0.99 (-0.36%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GLD

SPDR Gold Shares

$125.06

-1.41 (-1.11%)

19:10
02/21/19
02/21
19:10
02/21/19
19:10
Hot Stocks
SPDR Gold Shares holdings fall to 789.51MT from 794.50MT »

This is the lowest level…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XOG

Extraction Oil & Gas

$3.81

-0.1 (-2.56%)

, BOOM

DMC Global

$35.37

0.04 (0.11%)

19:05
02/21/19
02/21
19:05
02/21/19
19:05
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

XOG

Extraction Oil & Gas

$3.81

-0.1 (-2.56%)

BOOM

DMC Global

$35.37

0.04 (0.11%)

TTD

Trade Desk

$150.18

0.07 (0.05%)

CATM

Cardtronics

$26.06

-0.98 (-3.62%)

Z

Zillow

$35.03

0.22 (0.63%)

OLED

Universal Display

$118.31

-0.57 (-0.48%)

BYD

Boyd Gaming

$28.28

-0.11 (-0.39%)

FIX

Comfort Systems USA

$51.96

0.32 (0.62%)

CYTK

Cytokinetics

$7.20

-0.14 (-1.91%)

ROKU

Roku

$51.47

-2.16 (-4.03%)

TXMD

TherapeuticsMD

$5.10

-0.36 (-6.59%)

BIDU

Baidu

$171.72

0.64 (0.37%)

CWST

Casella Waste

$33.55

-1.47 (-4.20%)

KEYS

Keysight Technologies

$81.74

0.67 (0.83%)

DAIO

Data I/O

$5.94

-0.04 (-0.67%)

HPE

HP Enterprise

$16.22

0.16 (1.00%)

STMP

Stamps.com

$198.08

-4.03 (-1.99%)

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

ASPN

Aspen Aerogels

$3.60

0.03 (0.84%)

DBX

Dropbox

$25.58

0.1 (0.39%)

MDRX

Allscripts

$11.93

-0.21 (-1.73%)

AAOI

Applied Optoelectronics

$14.62

(0.00%)

CASA

Casa Systems

$11.96

-0.02 (-0.17%)

UCTT

Ultra Clean

$12.59

-0.26 (-2.02%)

BJRI

BJ's Restaurants

$51.97

0.75 (1.46%)

BMRN

BioMarin

$88.80

-1.82 (-2.01%)

TGH

Textainer

$13.05

-0.06 (-0.46%)

APPN

Appian

$38.73

0.41 (1.07%)

INFN

Infinera

$4.87

-0.02 (-0.41%)

NVRO

Nevro

$47.27

-1.12 (-2.31%)

FSLR

First Solar

$51.91

0.23 (0.45%)

CENX

Century Aluminum

$9.30

0.12 (1.31%)

UEIC

Universal Electronics

$29.34

0.36 (1.24%)

RMAX

RE/MAX Holdings

$40.34

-0.2 (-0.49%)

STAA

STAAR Surgical

$36.86

0.17 (0.46%)

SLRC

Solar Capital

$21.27

0.34 (1.62%)

IQ

iQIYI

$22.76

0.17 (0.75%)

EHTH

eHealth

$65.58

-0.28 (-0.43%)

PE

Parsley Energy

$17.93

-0.595 (-3.21%)

EXAS

Exact Sciences

$83.30

-0.3 (-0.36%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 21

    Feb

  • 22

    Feb

  • 22

    Feb

  • 22

    Feb

  • 22

    Feb

  • 22

    Feb

  • 22

    Feb

  • 25

    Feb

  • 25

    Feb

  • 25

    Feb

  • 25

    Feb

  • 25

    Feb

  • 26

    Feb

  • 26

    Feb

  • 27

    Feb

  • 28

    Feb

  • 28

    Feb

  • 28

    Feb

  • 01

    Mar

  • 03

    Mar

  • 04

    Mar

  • 05

    Mar

  • 06

    Mar

  • 06

    Mar

  • 06

    Mar

  • 07

    Mar

  • 07

    Mar

  • 08

    Mar

  • 11

    Mar

  • 11

    Mar

  • 13

    Mar

  • 13

    Mar

  • 13

    Mar

  • 20

    Mar

  • 25

    Mar

  • 26

    Mar

  • 27

    Mar

  • 28

    Mar

  • 18

    May

  • 22

    May

GM

General Motors

$39.63

-0.33 (-0.83%)

18:54
02/21/19
02/21
18:54
02/21/19
18:54
Periodicals
GM CEO will not appear in front of Canada lawmakers over closure, Reuters says »

General Motors CEO Mary…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Mar

CXO

Concho Resources

$103.69

-8.68 (-7.72%)

18:37
02/21/19
02/21
18:37
02/21/19
18:37
Recommendations
Concho Resources analyst commentary  »

Concho Resources price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    May

  • 28

    May

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

18:37
02/21/19
02/21
18:37
02/21/19
18:37
Hot Stocks
Kraft Heinz confirms quarterly dividend cut to 40c from 62.5c per share »

The Board of Directors of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

18:32
02/21/19
02/21
18:32
02/21/19
18:32
Hot Stocks
Kraft Heinz says has taken 'remedial measures' on procurement issues »

Says write down reflected…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

CZR

Caesars

$9.42

-0.21 (-2.18%)

18:25
02/21/19
02/21
18:25
02/21/19
18:25
Hot Stocks
Breaking Hot Stocks news story on Caesars »

Caesars: Las Vegas FY19…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

RARE

Ultragenyx

$58.16

-2.33 (-3.85%)

18:20
02/21/19
02/21
18:20
02/21/19
18:20
Initiation
Ultragenyx initiated  »

Ultragenyx resumed with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NSRGY

Nestle

$0.00

(0.00%)

, CPB

Campbell Soup

$35.44

0.26 (0.74%)

18:13
02/21/19
02/21
18:13
02/21/19
18:13
Periodicals
Third Point says confident in Nestle CEO's leadership, Reuters reports »

Third Point told…

NSRGY

Nestle

$0.00

(0.00%)

CPB

Campbell Soup

$35.44

0.26 (0.74%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

  • 25

    Feb

  • 25

    Feb

  • 26

    Feb

  • 27

    Feb

  • 28

    May

STMP

Stamps.com

$198.08

-4.03 (-1.99%)

18:11
02/21/19
02/21
18:11
02/21/19
18:11
Hot Stocks
Breaking Hot Stocks news story on Stamps.com »

Stamps.com drops 50%…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

  • 21

    Feb

STMP

Stamps.com

$198.08

-4.03 (-1.99%)

18:09
02/21/19
02/21
18:09
02/21/19
18:09
Hot Stocks
Stamps.com to discontinue partnership with USPS »

On its Q4 earnings…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

  • 21

    Feb

CZR

Caesars

$9.42

-0.21 (-2.18%)

18:08
02/21/19
02/21
18:08
02/21/19
18:08
Hot Stocks
Caesars expect modest Las Vegas revenue growth in Q1 »

Sees adverse weather…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

CZR

Caesars

$9.42

-0.21 (-2.18%)

18:06
02/21/19
02/21
18:06
02/21/19
18:06
Hot Stocks
Breaking Hot Stocks news story on Caesars »

Caesars says will not…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

LNT

Alliant Energy

$45.63

0.45 (1.00%)

18:03
02/21/19
02/21
18:03
02/21/19
18:03
Earnings
Breaking Earnings news story on Alliant Energy »

Alliant Energy sees FY19…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Feb

LNT

Alliant Energy

$45.63

0.45 (1.00%)

18:02
02/21/19
02/21
18:02
02/21/19
18:02
Earnings
Alliant Energy reports Q4 EPS 36c, conseensus 35c »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Feb

BVN

Buenaventura

$16.53

-0.37 (-2.19%)

17:59
02/21/19
02/21
17:59
02/21/19
17:59
Earnings
Buenaventura reports Q4 EPS (29c), consensus 5c »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Mar

  • 12

    Mar

  • 12

    Mar

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

17:58
02/21/19
02/21
17:58
02/21/19
17:58
Hot Stocks
Kraft Heinz says expects to face profit headwinds in 2019 »

Says: Expects EBITDA down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

GABC

German American Bancorp

$31.59

(0.00%)

, CZFC

Citizens First

$23.30

1.87 (8.73%)

17:56
02/21/19
02/21
17:56
02/21/19
17:56
Hot Stocks
German American, Citizens First announce merger pact »

German American Bancorp,…

GABC

German American Bancorp

$31.59

(0.00%)

CZFC

Citizens First

$23.30

1.87 (8.73%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TSLA

Tesla

$291.18

-11.33 (-3.75%)

17:56
02/21/19
02/21
17:56
02/21/19
17:56
Periodicals
Lucid Motors is 'working' on an all electric SUV, Verge says »

Electric vehicle startup…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

  • 25

    Feb

  • 18

    Mar

  • 19

    Mar

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.