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Options
Three new option listings and five option delistings on July 2nd » 08:30
07/02/20
07/02
08:30
07/02/20
08:30
ACI

Albertsons

$15.80 /

+0.05 (+0.32%)

, CVIA

Covia

/

+

, GNC

GNC Holdings

/

+

, IBKC

Iberiabank

$43.02 /

-2.47 (-5.43%)

, MINI

Mobile Mini

$29.53 /

+ (+0.00%)

New option listings for…

New option listings for July 2nd include Albertsons Companies Inc (Class A Stock) (ACI), Covia Holdings Corp (CVIAQ), and GNC Holdings Inc (Class A Stock) (GNCIQ). Option delistings effective July 2nd include Covia Holdings (CVIA), GNC Holdings Inc (Class A Stock) (GNC), IBERIBANK Corporation (IBKC), Mobile Mini Inc (MINI), and Sanchez Energy Corporation (SNECQ).

ShowHide Related Items >><<
MINI Mobile Mini
$29.53 /

+ (+0.00%)

IBKC Iberiabank
$43.02 /

-2.47 (-5.43%)

GNC GNC Holdings
/

+

CVIA Covia
/

+

ACI Albertsons
$15.80 /

+0.05 (+0.32%)

ACI Albertsons
$15.80 /

+0.05 (+0.32%)

CVIA Covia
/

+

03/11/20 Tudor Pickering
Covia downgraded to Hold from Buy at Tudor Pickering
03/09/20 Evercore ISI
Covia downgraded to Underperform from In Line at Evercore ISI
08/13/19 Barclays
Barclays upgrades Covia to Equal Weight after 'very strong' quarter
08/13/19 Barclays
Covia upgraded to Equal Weight from Underweight at Barclays
GNC GNC Holdings
/

+

03/17/20 Jefferies
Jefferies cuts GNC Holdings to Underperform on risk from closures and debt
03/17/20 Jefferies
GNC Holdings downgraded to Underperform from Hold at Jefferies
IBKC Iberiabank
$43.02 /

-2.47 (-5.43%)

04/21/20 SunTrust
Iberiabank price target lowered to $44 from $54 at SunTrust
04/01/20 Keefe Bruyette
Iberiabank upgraded to Outperform from Market Perform at Keefe Bruyette
01/07/20 Jefferies
Iberiabank downgraded to Hold from Buy at Jefferies
11/06/19 Keefe Bruyette
Iberiabank downgraded to Market Perform from Outperform at Keefe Bruyette
MINI Mobile Mini
$29.53 /

+ (+0.00%)

06/10/20 Oppenheimer
Mobile Mini price target raised to $41 from $34 at Oppenheimer
04/23/20 Oppenheimer
Mobile Mini price target lowered to $34 from $47 at Oppenheimer
09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
MINI Mobile Mini
$29.53 /

+ (+0.00%)

IBKC Iberiabank
$43.02 /

-2.47 (-5.43%)

GNC GNC Holdings
/

+

CVIA Covia
/

+

  • 26
    Jun
ACI Albertsons
$15.80 /

+0.05 (+0.32%)

ACI Albertsons
$15.80 /

+0.05 (+0.32%)

GNC GNC Holdings
/

+

Wednesday
Hot Stocks
Site Centers to replace Mobile Mini in S&P 600 at open on 7/1 » 04:55
07/01/20
07/01
04:55
07/01/20
04:55
SITC

Site Centers

$8.08 /

+0.04 (+0.50%)

, MINI

Mobile Mini

$29.53 /

-2.04 (-6.46%)

, WSC

WillScot

$12.29 /

-0.82 (-6.25%)

WillScot (WSC) is…

WillScot (WSC) is acquiring Mobile Mini (MINI) in a deal expected to be completed on or about July 1 pending final conditions. Post-merger, WillScot will change its name to WillScot Mobile Mini Holdings.

ShowHide Related Items >><<
WSC WillScot
$12.29 /

-0.82 (-6.25%)

SITC Site Centers
$8.08 /

+0.04 (+0.50%)

MINI Mobile Mini
$29.53 /

-2.04 (-6.46%)

SITC Site Centers
$8.08 /

+0.04 (+0.50%)

06/11/20 Raymond James
Site Centers downgraded to Market Perform from Outperform at Raymond James
06/11/20 Raymond James
Site Centers downgraded to Market Perform from Outperform at Raymond James
06/05/20 Deutsche Bank
Site Centers price target lowered to $9 from $15 at Deutsche Bank
05/13/20 RBC Capital
Site Centers price target lowered to $7 from $13 at RBC Capital
MINI Mobile Mini
$29.53 /

-2.04 (-6.46%)

06/10/20 Oppenheimer
Mobile Mini price target raised to $41 from $34 at Oppenheimer
04/23/20 Oppenheimer
Mobile Mini price target lowered to $34 from $47 at Oppenheimer
09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
WSC WillScot
$12.29 /

-0.82 (-6.25%)

06/30/20 Stifel
WillScot initiated with a Buy at Stifel
05/28/20 BofA
WillScot resumed with a Buy at BofA
11/25/19 DA Davidson
WillScot price target raised to $23 from $20 at DA Davidson
WSC WillScot
$12.29 /

-0.82 (-6.25%)

SITC Site Centers
$8.08 /

+0.04 (+0.50%)

MINI Mobile Mini
$29.53 /

-2.04 (-6.46%)

  • 22
    Oct
Over a week ago
Hot Stocks
Site Centers to replace Mobile Mini in S&P 600 at open on 7/1 » 17:35
06/25/20
06/25
17:35
06/25/20
17:35
SITC

Site Centers

$7.43 /

+0.14 (+1.92%)

, MINI

Mobile Mini

$37.05 /

+2.58 (+7.48%)

, WSC

WillScot

$15.41 /

+1.09 (+7.61%)

WillScot (WSC) is…

WillScot (WSC) is acquiring Mobile Mini (MINI) in a deal expected to be completed on or about July 1 pending final conditions. Post-merger, WillScot will change its name to WillScot Mobile Mini Holdings.

ShowHide Related Items >><<
WSC WillScot
$15.41 /

+1.09 (+7.61%)

SITC Site Centers
$7.43 /

+0.14 (+1.92%)

MINI Mobile Mini
$37.05 /

+2.58 (+7.48%)

SITC Site Centers
$7.43 /

+0.14 (+1.92%)

06/11/20 Raymond James
Site Centers downgraded to Market Perform from Outperform at Raymond James
06/11/20 Raymond James
Site Centers downgraded to Market Perform from Outperform at Raymond James
06/05/20 Deutsche Bank
Site Centers price target lowered to $9 from $15 at Deutsche Bank
05/13/20 RBC Capital
Site Centers price target lowered to $7 from $13 at RBC Capital
MINI Mobile Mini
$37.05 /

+2.58 (+7.48%)

06/10/20 Oppenheimer
Mobile Mini price target raised to $41 from $34 at Oppenheimer
04/23/20 Oppenheimer
Mobile Mini price target lowered to $34 from $47 at Oppenheimer
09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
WSC WillScot
$15.41 /

+1.09 (+7.61%)

05/28/20 BofA
WillScot resumed with a Buy at BofA
11/25/19 DA Davidson
WillScot price target raised to $23 from $20 at DA Davidson
WSC WillScot
$15.41 /

+1.09 (+7.61%)

SITC Site Centers
$7.43 /

+0.14 (+1.92%)

MINI Mobile Mini
$37.05 /

+2.58 (+7.48%)

Recommendations
Mobile Mini price target raised to $41 from $34 at Oppenheimer » 07:39
06/10/20
06/10
07:39
06/10/20
07:39
MINI

Mobile Mini

$36.39 /

-1.51 (-3.98%)

Oppenheimer analyst Scott…

Oppenheimer analyst Scott Schneeberger raised the firm's price target on Mobile Mini to $41 from $34 and keeps an Outperform rating on the shares. The analyst notes that the company had exhibited momentum pre-COVID-19 and believes it should prove relatively resilient if the economy were to falter post the current "re-opening." Schneeberger adds that June economic conditions appear likely to be better than his conservative prior expectation.

ShowHide Related Items >><<
MINI Mobile Mini
$36.39 /

-1.51 (-3.98%)

MINI Mobile Mini
$36.39 /

-1.51 (-3.98%)

04/23/20 Oppenheimer
Mobile Mini price target lowered to $34 from $47 at Oppenheimer
09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
08/22/19
Fly Intel: Top five analyst initiations
MINI Mobile Mini
$36.39 /

-1.51 (-3.98%)

Over a month ago
Hot Stocks
Mobile Mini CEO says impact on operations from COVID-19 'uncertain' » 06:37
05/01/20
05/01
06:37
05/01/20
06:37
MINI

Mobile Mini

$28.41 /

-0.93 (-3.17%)

Kelly Williams, Mobile…

Kelly Williams, Mobile Mini's President and CEO, remarked, "I would like to thank Mobile Mini employees for their hard work and dedication. The Mobile Mini team has risen to the challenges of maintaining operations in these unprecedented circumstances. Safety is our most important core value and we are dedicated to the health and safety of our employees and customers while providing uninterrupted delivery of our premium products and services across all our business segments. Though we have been deemed an essential business, this pandemic is unprecedented and the full extent of its impact on our operations is uncertain. While our strong first quarter was minimally impacted by the COVID-19 outbreak, we do expect a decrease in demand for our products and services in the near-term, leading to a year-over-year and sequential decrease in our second quarter 2020 rental revenues. The majority of our fleet currently on-rent is being utilized to contain inventory, supplies or other products, which translates into ongoing storage requirements for many of our clients. Our pipeline of pending orders, however, is down compared to the prior-year due to postponed projects in our end markets which will lead to reduced rental revenue in the near-term, including a decrease in trucking revenue due to reduced delivery and pickup activity. Ultimately, some postponed projects could move into late 2020 or early 2021 and some could be cancelled." Williams continued, "Mobile Mini's flexible and efficient business structure is demand driven, allowing us to minimize the effect of reduced revenues on adjusted EBITDA and free cash flows by managing expenses and capital expenditures. We have already instituted several cost-savings adjustments to our business and have reduced capital expenditures. Our sophisticated, cutting-edge technology provides real-time management insight into our business which, when combined with our newly developed supply chain processes, further enhances our agility with respect to proactive expense control and profit optimization. Mobile Mini enters the second quarter of 2020 from a position of financial strength, including the lowest leverage ratio for the Company since September 30, 2014, ample liquidity, and a nimble capital allocation policy. Notably, Mobile Mini's free cash flow generation will remain strong in a downturn as we minimize capital expenditures in line with reduced demand. Our financial strength and flexibility positions us to manage through these uncertain times and allows us to move quickly when demand returns."

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MINI Mobile Mini
$28.41 /

-0.93 (-3.17%)

04/23/20 Oppenheimer
Mobile Mini price target lowered to $34 from $47 at Oppenheimer
09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
08/22/19
Fly Intel: Top five analyst initiations
Hot Stocks
Mobile Mini sees WillScot merger closing in Q3 » 06:36
05/01/20
05/01
06:36
05/01/20
06:36
MINI

Mobile Mini

$28.41 /

-0.93 (-3.17%)

The company said,…

The company said, "On March 2, 2020, we announced that we have entered into an Agreement and Plan of Merger with WillScot. The pending merger with WillScot is subject to customary closing conditions, including receipt of regulatory approvals and stockholder approvals from the company's and WillScot's stockholders. We are working collaboratively with our counterparts at WillScot to satisfy these closing conditions and plan the integration of the two businesses with the expectation of closing in the third quarter of 2020. We believe that the merger will result in strategic and financial benefits by combining the two industry leaders in the complementary modular space and portable storage solutions markets."

ShowHide Related Items >><<
MINI Mobile Mini
$28.41 /

-0.93 (-3.17%)

04/23/20 Oppenheimer
Mobile Mini price target lowered to $34 from $47 at Oppenheimer
09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
08/22/19
Fly Intel: Top five analyst initiations
Earnings
Mobile Mini reports Q1 adjusted EPS 51c, consensus 42c » 06:35
05/01/20
05/01
06:35
05/01/20
06:35
MINI

Mobile Mini

$28.41 /

-0.93 (-3.17%)

Reports Q1 revenue $149M,…

Reports Q1 revenue $149M, consensus $145.17M.

ShowHide Related Items >><<
MINI Mobile Mini
$28.41 /

-0.93 (-3.17%)

04/23/20 Oppenheimer
Mobile Mini price target lowered to $34 from $47 at Oppenheimer
09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
08/22/19
Fly Intel: Top five analyst initiations
Recommendations
Mobile Mini price target lowered to $34 from $47 at Oppenheimer » 07:58
04/23/20
04/23
07:58
04/23/20
07:58
MINI

Mobile Mini

$23.64 /

-0.37 (-1.54%)

Oppenheimer analyst Scott…

Oppenheimer analyst Scott Schneeberger lowered the firm's price target on Mobile Mini to $34 from $47 to reflect the current economic/market backdrop, but finds it to be oversold and compelling at its current level. The analyst keeps an Outperform rating on the shares.

ShowHide Related Items >><<
MINI Mobile Mini
$23.64 /

-0.37 (-1.54%)

09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
08/22/19
Fly Intel: Top five analyst initiations
08/21/19 Stifel
Mobile Mini initiated with a Buy at Stifel
Over a quarter ago
Hot Stocks
Donerail Group pleased with WillScot and Mobile Mini merger » 08:10
03/03/20
03/03
08:10
03/03/20
08:10
MINI

Mobile Mini

$40.97 /

+2.17 (+5.59%)

, WSC

WillScot

$17.13 /

-0.3 (-1.72%)

The Donerail Group LP and…

The Donerail Group LP and its affiliates are pleased by yesterday's announcement that Mobile Mini (MINI) will be acquired by WillScot Corporation (WSC), at a price of $42.18 per share in an all-stock merger, and we intend to vote all of our Mobile Mini shares in favor of the merger. We believe the combined company will create a dominant industry leader in specialty leasing with a combined enterprise value of nearly $7B, and assuming only the stated cost synergies, the combined company could generate over $800M EBITDA and $500M of run-rate free cash flow in CY2021. The combined company will have industry leading scale and a complementary offering of both temporary storage and office products, creating a strong platform for future growth. Over 90% of combined company revenue comes from leases with durations averaging approximately 2.5 years, providing substantial revenue visibility.

ShowHide Related Items >><<
MINI Mobile Mini
$40.97 /

+2.17 (+5.59%)

09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
08/22/19
Fly Intel: Top five analyst initiations
08/21/19 Stifel
Mobile Mini initiated with a Buy at Stifel
WSC WillScot
$17.13 /

-0.3 (-1.72%)

11/25/19 DA Davidson
WillScot price target raised to $23 from $20 at DA Davidson
06/25/19 DA Davidson
WillScot initiated with a Buy at DA Davidson
Hot Stocks
WillScot sees $50M in annualized cost synergies from Mobile Mini merger » 06:14
03/02/20
03/02
06:14
03/02/20
06:14
WSC

WillScot

$17.56 /

+0.13 (+0.75%)

, MINI

Mobile Mini

$39.01 /

+0.21 (+0.54%)

Mobile Mini (MINI)…

Mobile Mini (MINI) stockholders will receive 2.4050 shares of WillScot (WSC) common stock for each share of Mobile Mini common stock held and, based on the closing price of WillScot's Class A common stock on February 28, 2020, the consideration implies a premium of 8% to the closing price of Mobile Mini common stock on the same day. As part of the transaction, TDR Capital will exchange all of its shares of Williams Scotsman Holdings Corp. into approximately 10.6 million shares of WillScot Class A common stock pursuant to the Exchange Agreement dated November 29, 2017 among WillScot, Williams Scotsman Holdings Corp. and affiliates of TDR Capital, and all shares of WillScot's Class B Common Stock will be cancelled for no consideration. Upon the effective time of the merger, the combined company will have a single class of common stock. This combination is expected to result in an estimated enterprise value for the combined company at announcement of $6.6 billion, $1.7 billion in combined 2019 revenue and ~$650 million in combined 2019 Adjusted EBITDA1, including an estimated $50 million of cost synergies from this transaction. With over $290 million of annual free cash flow2 generation and net leverage of 3.8x3 Adjusted EBITDA at close, this transaction demonstrates the combined company's financial strength, significant liquidity, and cash flow generation to provide for ongoing growth and stockholder value creation. Additionally, the management teams anticipate $50 million in annualized gross pre-tax cost synergies, approximately 80% of which are expected to be realized in the combined company's run-rate within two years of closing. The cost of achieving the synergies is expected to be approximately 150% of the total cost synergies. Significant opportunities for long-term revenue synergy generation are also anticipated, supported by a broad expansion of service offerings. The transaction is expected to be highly accretive with greater than 10% free cash flow2 per share accretion by end of 2021. The transaction has been approved by the Boards of Directors of WillScot and Mobile Mini. The transaction is subject to customary closing conditions, including receipt of customary antitrust approval and approval by the stockholders of each company, and is expected to close in third quarter of 2020. Additionally, the transaction also has the support of TDR Capital, which has entered into a customary voting agreement in support of the transaction. TDR Capital will be subject to a contractual lock-up for six months following closing. In the first year following the lock-up, TDR Capital will be prohibited from selling more than 50% of its shares of the combined company.

ShowHide Related Items >><<
WSC WillScot
$17.56 /

+0.13 (+0.75%)

11/25/19 DA Davidson
WillScot price target raised to $23 from $20 at DA Davidson
09/26/19 Deutsche Bank
WillScot acquisition of Mobile Mini would be well received, says Deutsche Bank
09/26/19 Jefferies
WillScot's reported acquisition looks value enhancing, says Jefferies
06/25/19 DA Davidson
WillScot initiated with a Buy at DA Davidson
MINI Mobile Mini
$39.01 /

+0.21 (+0.54%)

08/22/19
Fly Intel: Top five analyst initiations
08/21/19 Stifel
Mobile Mini initiated with a Buy at Stifel

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