Breaking News

Tuesday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Clarivate Analytics rises 15628.6% » 12:00
02/18/20
02/18
12:00
02/18/20
12:00
CCC

Clarivate Analytics

$22.11 /

+0.36 (+1.66%)

Clarivate Analytics is up…

Clarivate Analytics is up 15628.6%, or $21.88 to $22.02.

ShowHide Related Items >><<
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

Hot Stocks
Clarivate Analytics rises 15510.7% » 10:00
02/18/20
02/18
10:00
02/18/20
10:00
CCC

Clarivate Analytics

$21.92 /

+0.17 (+0.78%)

Clarivate Analytics is up…

Clarivate Analytics is up 15510.7%, or $21.71 to $21.86.

ShowHide Related Items >><<
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

Hot Stocks
Clarivate Analytics rises 15400.0% » 09:47
02/18/20
02/18
09:47
02/18/20
09:47
CCC

Clarivate Analytics

$21.75 /

+ (+0.00%)

Clarivate Analytics is up…

Clarivate Analytics is up 15400.0%, or $21.56 to $21.70.

ShowHide Related Items >><<
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

Over a week ago
Syndicate
Clarivate Analytics 24M share Secondary priced at $20.25 » 20:54
02/05/20
02/05
20:54
02/05/20
20:54
CCC

Clarivate Analytics

$20.53 /

-0.11 (-0.53%)

The deal size was…

The deal size was increased from 20M shares and priced below the last closing price of $20.54. Citi, Goldman Sachs, RBC Capital, BofA and Barclays are acting as joint book running managers for the offering.

ShowHide Related Items >><<
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

  • 06
    Feb
Syndicate
Clarivate Analytics announces offering of 20M ordinary shares » 16:50
02/03/20
02/03
16:50
02/03/20
16:50
CCC

Clarivate Analytics

$20.57 /

+0.41 (+2.03%)

Clarivate Analytics…

Clarivate Analytics announced that it intends to offer 20M of its ordinary shares in an underwritten public offering. The company intends to use the net proceeds of the offering to fund a portion of the $900M cash consideration for the previously announced acquisition of Decision Resources Group and to pay related fees and expenses. The offering is not conditioned on the consummation of the DRG Acquisition. If the DRG Acquisition is not consummated for any reason, the company intends to use the net proceeds of the offering to repay outstanding indebtedness. Citigroup Global Markets, Goldman Sachs and Co., RBC Capital Markets, BofA Securities, and Barclays Capital are acting as joint book-running managers for the offering.

ShowHide Related Items >><<
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

  • 06
    Feb
Syndicate
Clarivate Analytics files to sell 20M ordinary shares » 16:17
02/03/20
02/03
16:17
02/03/20
16:17
CCC

Clarivate Analytics

$20.56 /

+0.4 (+1.98%)

The company intends to…

The company intends to use the net proceeds it receives from this offering to fund a portion of the cash consideration for the DRG Acquisition and to pay related fees and expenses. This offering is not conditioned on consummation of the DRG Acquisition. If the DRG Acquisition is not consummated for any reason, the company intends to use the net proceeds to repay outstanding indebtedness.

ShowHide Related Items >><<
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

Downgrade
Clarivate Analytics downgraded to Neutral on valuation at B. Riley FBR » 08:23
01/31/20
01/31
08:23
01/31/20
08:23
CCC

Clarivate Analytics

$20.94 /

+0.2 (+0.96%)

B. Riley FBR analyst Zach…

B. Riley FBR analyst Zach Cummins downgraded Clarivate Analytics to Neutral from Buy with a price target of $23, up from $19.50. The analyst raised his estimates to reflect accretion from the Decision Resources Group acquisition. However, he cites valuation for the downgrade to Neutral. Cummins remains bullish on Clarivate's long-term prospects, but given the recent run in the stock, along with anticipated dilution from warrant conversions and a potential equity financing, he believes the stock's near-term risk/reward is balanced at current valuation levels.

ShowHide Related Items >><<
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

Downgrade
Clarivate Analytics downgraded to Neutral from Buy at B. Riley FBR » 04:53
01/31/20
01/31
04:53
01/31/20
04:53
CCC

Clarivate Analytics

$20.94 /

+0.2 (+0.96%)

B. Riley FBR analyst Zach…

B. Riley FBR analyst Zach Cummins downgraded Clarivate Analytics to Neutral from Buy with a price target of $23, up from $19.50.

ShowHide Related Items >><<
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

Over a month ago
Upgrade
Clarivate Analytics upgraded to Buy from Hold at Stifel » 21:43
01/20/20
01/20
21:43
01/20/20
21:43
CCC

Clarivate Analytics

$18.90 /

+1.24 (+7.02%)

Stifel analyst Shlomo…

Stifel analyst Shlomo Rosenbaum upgraded Clarivate Analytics to Buy from Hold with a price target of $22, up from $19. The analyst likes the strategic nature of the Decision Resources Group acquisition. The financial attributes of the deal make the stock more attractive, Rosenbaum tells investors in a research note. The analyst now believes a Buy rating can be justified on 2021 estimates with a fair value estimate of $22-$23 per share. Looking to 2022 estimates, he sees fair value of $25-$26 per share.

ShowHide Related Items >><<
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

Hot Stocks
Clarivate Analytics acquires Decision Resources Group for $950M » 21:42
01/20/20
01/20
21:42
01/20/20
21:42
CCC

Clarivate Analytics

$18.90 /

+1.24 (+7.02%)

Clarivate Analytics…

Clarivate Analytics announced it has signed a definitive agreement to acquire Decision Resources Group, a provider of data, analytics and insights products and services to the healthcare industry, from Piramal Enterprises Limited, part of Piramal Group. The $950M purchase price-approximately 12 times trailing DRG Adjusted EBITDA, taking into account acquisition cost synergies but not revenue synergies-includes $900M in cash and approximately $50M in Clarivate ordinary shares to be issued following the one-year anniversary of closing. The acquisition is expected to be accretive to Clarivate earnings in 2020. In 2019, DRG generated $207M of revenue, with 9% organic growth, and $47M of adjusted EBITDA before the impact of acquisition cost synergies. Clarivate expects to achieve cost synergies of approximately $30M within the first 18 months after the transaction closes, which in addition to revenue synergies, is expected to drive DRG's adjusted EBITDA growth and expand its adjusted EBITDA margin towards the 40% range. Clarivate said it remains committed to managing its balance sheet and its go-forward capital structure. The company plans to fund the transaction with a mix of debt and equity capital proceeds. In connection with the transaction, Clarivate has secured a backstop of $900M fully committed bridge facility from Citi and Goldman Sachs. Clarivate expects to obtain long-term financing with proceeds from debt and equity capital markets before the closing of the transaction. Clarivate continues to expect adjusted Revenues in a range of $950M-$970M for 2020 and adjusted EBITDA in a range of $330M-$350M.

ShowHide Related Items >><<
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

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.