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FOX

Fox Corp.

$40.85

0.16 (0.39%)

, FOXA

Fox Corp.

$41.70

-0.05 (-0.12%)

08:41
03/19/19
03/19
08:41
03/19/19
08:41

Fox Corporation announces adoption of temporary stockholder rights agreement

In connection with the Distribution, the Board of Directors approved the adoption of a Temporary Stockholder Rights Agreement, effective immediately. The Agreement will expire following the next annual meeting of stockholders of the company, unless the rights are earlier redeemed by the company or the Agreement is approved by the company's stockholders. In adopting the Agreement, the Board of Directors has considered that there may be significant volume of trading in the company's shares around the time of the Distribution. The Agreement is intended to protect the stockholders of the company during the post-Distribution period from actions that the Board of Directors determines are not in the best interest of the company's stockholders. The Agreement is not intended to interfere with any merger, tender or exchange offer, share acquisition or other business combination transaction approved in advance by the Board of Directors, and the Agreement does not prevent the Board of Directors from considering any offer that it considers to be in the best interest of the company's stockholders. Pursuant to the Agreement, the company is issuing one Class A Right for each outstanding share of the company's Class A Common Stock and one Class B Right for each outstanding share of the company's Class B Common Stock, in each case as of the close of business on April 2. Initially, these Rights will not be exercisable and will trade with the company's Class A Common Stock and Class B Common Stock. The Rights will become exercisable only if a person or group obtains beneficial ownership of 15% or more of the Class B Common Stock outstanding, or 15 percent or more of the Common Stock outstanding. In each such case, each Class A Right and each Class B Right will entitle its holder to purchase, at the exercise price of $160, a number of shares of Class A Common Stock or Class B Common Stock, respectively, having a then-current market value of two times the exercise price of the Right. The Rights are not exercisable because of any current stockholder's beneficial ownership of 15 percent or more of either Class A or Class B Common Stock, unless such stockholder acquires beneficial ownership of additional shares.

FOX

Fox Corp.

$40.85

0.16 (0.39%)

FOXA

Fox Corp.

$41.70

-0.05 (-0.12%)

FOX Fox Corp.
$40.85

0.16 (0.39%)

11/08/18
MSCO
11/08/18
NO CHANGE
Target $54
MSCO
Overweight
Morgan Stanley raises 'New Fox' estimates after 21st Century Fox report
Morgan Stanley analyst Benjamin Swinburne said 21st Century Fox's Q1 results reinforced his conviction in his Overweight view, as he believes its strong distribution and ad sales results in the U.S. underscore Fox's pricing power. Following the quarterly report, Swinburne raised his estimates for "New Fox" and increased his price target on 21st Century Fox shares to $54 from $53 based on his value of $13 per share for "New Fox" and $41 per share for "RemainCo." The analyst also noted that Fox's international cable networks came in below his expectations, adding that he believes Disney's (DIS) acquisition of Fox's content production assets and Star India, along with gaining a majority stake in Hulu, are the primary growth drivers.
12/06/18
CHLM
12/06/18
INITIATION
Target $5
CHLM
Buy
Telaria initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Jason Kreyer started coverage of Telaria (TLRA) with a Buy rating and $5 price target. The analyst notes that the company's partnerships with over-the-top streaming providers such as Hulu, Sling (DISH), Sony's (SNE) VUE, Fox (FOXA), A&E, and FuboTV generated about 20% of total revenue last year and he projects it will grow to nearly 60% by 2020. As consumers continue to pivot toward over-the-top subscriptions, Telaria benefits from its agnostic platform that partners with a variety of publishers to monetize video ad content, Kreyer contends.
01/24/19
SOCG
01/24/19
DOWNGRADE
SOCG
Sell
21st Century Fox downgraded to Sell from Hold at Societe Generale
02/06/19
MSCO
02/06/19
NO CHANGE
Target $135
MSCO
Overweight
Disney's ESPN+ has surprised with early sub growth, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne said in a note before the open that Disney's (DIS) Q1 results were broadly ahead of expectations. He said that ESPN+ has surprised him with its early sub growth ahead of "all eyes" being on the launch of Disney+ this fall and the consolidation of Hulu after the Fox (FOXA) deal closes. Additionally, the $150M drag on operating income for FY19 was lower than expected given fears over lost licensing revenues as Disney opts to keep much of its film and TV content in house, said Swinburne. He continues to see Disney shares offering compelling value and keeps an Overweight rating on the stock with a $135 price target.
FOXA Fox Corp.
$41.70

-0.05 (-0.12%)

02/04/19
VERF
02/04/19
UPGRADE
VERF
Buy
21st Century Fox upgraded to Buy from Hold at Vertical Group
03/13/19
UBSW
03/13/19
NO CHANGE
Target $52
UBSW
Neutral
21st Century Fox price target raised to $52 from $50 at UBS
UBS analyst John Hodulik raised his price target on 21st Century Fox (FOXA) to $52, citing the anticipated closing of the Disney (DIS) transaction. The analyst also believes that the company is set to benefit from its earnings power in the ramping "political cycle", its sports broadcast rights with no major renewals until NFL in 2022, and its capital allocation strategy. Hodulik keeps his Neutral rating on the shares.
03/15/19
MOFT
03/15/19
INITIATION
Target $51
MOFT
Buy
21st Century Fox initiated with a Buy at MoffettNathanson
MoffettNathanson analyst Michael Nathanson initiated 21st Century Fox with a Buy and $51 price target.

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XLNX

Xilinx

$96.18

3.4 (3.66%)

, INTC

Intel

$52.06

0.95 (1.86%)

20:45
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20:45
Upgrade
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XLNX

Xilinx

$96.18

3.4 (3.66%)

INTC

Intel

$52.06

0.95 (1.86%)

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SFTBY

SoftBank

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$0.00

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FB

Facebook

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4.02 (2.23%)

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ITW

Illinois Tool Works

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JNJ

Johnson & Johnson

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NUE

Nucor

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PNR

Pentair

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1.215 (3.36%)

GWW

Grainger

$305.24

16.49 (5.71%)

K

Kellogg

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ATVI

Activision Blizzard

$54.80

1.1 (2.05%)

TTWO

Take-Two

$122.42

0.02 (0.02%)

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IGMS

IGM Biosciences

$17.53

-0.125 (-0.71%)

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LMAT

LeMaitre

$31.29

-0.03 (-0.10%)

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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

18:37
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18:37
Periodicals
SoftBank seeking control of WeWork through financing package, WSJ says »

SoftBank (SFTBY) has…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

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KOD

Kodiak Sciences

$18.24

1.34 (7.93%)

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ADVM

Adverum Biotechnologies

$5.29

0.11 (2.12%)

18:29
10/13/19
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18:29
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18:29
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ADVM

Adverum Biotechnologies

$5.29

0.11 (2.12%)

18:23
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Adverum Biotechnologies reports additional data from Phase 1 trial of ADVM-022 »

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COP

ConocoPhillips

$56.41

0.55 (0.98%)

18:03
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ConocoPhillips announces $1.39B agreement to sell interests in Australia-West »

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T

AT&T

$37.58

0.17 (0.45%)

, CMCSA

Comcast

$45.53

1.02 (2.29%)

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Box Office Battle: 'Joker' stays at number 1 with another $55M »

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T

AT&T

$37.58

0.17 (0.45%)

CMCSA

Comcast

$45.53

1.02 (2.29%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$58.16

0.83 (1.45%)

LGF.A

Lionsgate

$9.52

0.22 (2.37%)

LGF.B

Lionsgate

$8.97

0.19 (2.16%)

DIS

Disney

$130.08

0.73 (0.56%)

VIAB

Viacom

$23.02

0.505 (2.24%)

VIA

Viacom

$25.45

0.65 (2.62%)

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PCG

PG&E

$8.08

0.3 (3.86%)

16:48
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Periodicals
PG&E turns down San Francisco's $2.5B offer to acquire assets, Reuters says »

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TTGT

TechTarget

$22.64

0.14 (0.62%)

, SKHCY

Sonic Healthcare

$0.00

(0.00%)

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Conference/Events
Commvault to hold a conference »

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TTGT

TechTarget

$22.64

0.14 (0.62%)

SKHCY

Sonic Healthcare

$0.00

(0.00%)

NTAP

NetApp

$51.50

1.74 (3.50%)

HPE

HP Enterprise

$14.35

0.24 (1.70%)

HLF

Herbalife Nutrition

$39.07

0.51 (1.32%)

FORR

Forrester

$32.43

0.61 (1.92%)

CSCO

Cisco

$46.52

0.38 (0.82%)

CVLT

Commvault

$45.51

0.695 (1.55%)

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FB

Facebook

$184.20

4.02 (2.23%)

16:43
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KBH

KB Home

$33.92

-0.15 (-0.44%)

16:43
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Conference/Events
SunTrust to hold a field trip »

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BX

Blackstone

$47.10

0.62 (1.33%)

16:34
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Blackstone discussed with Citadel about buying stake, WSJ reports »

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GOOG

Alphabet

$1,213.86

5.88 (0.49%)

, GOOGL

Alphabet Class A

$1,214.62

6.18 (0.51%)

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Google bars high-interest consumer loan services from app store, WSJ reports »

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GOOG

Alphabet

$1,213.86

5.88 (0.49%)

GOOGL

Alphabet Class A

$1,214.62

6.18 (0.51%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$296.34

3.1 (1.06%)

16:28
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General news
Trump working with Congress on 'powerful' Turkey sanctions »

President Trump tweeted…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$296.34

3.1 (1.06%)

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AGN

Allergan

$169.06

1.255 (0.75%)

16:23
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Allergan, Molecular Partners present data from Phase 3 Abicipar pegol studies »

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LYFT

Lyft

$39.49

1.8 (4.78%)

, UBER

Uber

$30.09

1.19 (4.12%)

16:04
10/13/19
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16:04
Periodicals
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LYFT

Lyft

$39.49

1.8 (4.78%)

UBER

Uber

$30.09

1.19 (4.12%)

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GM

General Motors

$35.57

0.9 (2.60%)

15:59
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15:59
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UAW boosting strike pay as General Motor walkout continues, Reuters says »

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MRK

Merck

$84.31

0.6 (0.72%)

, JNJ

Johnson & Johnson

$131.35

2.32 (1.80%)

15:49
10/13/19
10/13
15:49
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15:49
Periodicals
Congo to start using Johnson & Johnson Ebola vaccine next month, Reuters says »

Health authorities in…

MRK

Merck

$84.31

0.6 (0.72%)

JNJ

Johnson & Johnson

$131.35

2.32 (1.80%)

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HMTV

Hemisphere Media

$11.70

0.05 (0.43%)

15:48
10/13/19
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15:48
10/13/19
15:48
Initiation
Hemisphere Media initiated at Wells Fargo »

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PFE

Pfizer

$36.11

0.31 (0.87%)

15:37
10/13/19
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Pfizer presents Phase 3 data for Abrocitinib in moderate to severe AD »

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