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Fly News Breaks for May 19, 2017
CNDT, NVDA, IBM, SBPH, TMO
May 19, 2017 | 10:23 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Bernstein initiated Nvidia (NVDA) with an Outperform and a $165 price target. 2. Cantor Fitzgerald initiated Thermo Fisher (TMO) with an Overweight rating and $194 price target. 3. Pacific Crest initiated IBM (IBM) with a Sector Weight rating. 4. Conduent (CNDT) initiated with a Market Perform rating and $18 price target at Cowen. 5. JMP Securities started coverage of Spring Bank Pharmaceuticals (SBPH) with a $20 price target and an Outperform rating. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For NVDA;TMO;IBM;CNDT;SBPH From the Last 2 Days
TMO
Nov 21, 2017 | 16:32 EDT
Thermo Fisher announced that it received notice of an unsolicited "mini-tender" offer by TRC Capital to purchase up to 1M shares of Thermo Fisher's common stock at a price of $181.75 per share in cash. TRC's offer price is approximately 4.43% lower than the $190.17 closing price of Thermo Fisher's common stock on November 17, 2017, the last closing price prior to commencement of the offer. The offer is for approximately 0.249% of Thermo Fisher's outstanding shares of common stock as of the offer date. Thermo Fisher does not endorse TRC's unsolicited mini-tender offer and recommends that shareholders not tender their shares because the offer is at a price below the current market price of Thermo Fisher's shares and is subject to numerous conditions. Thermo Fisher is not affiliated or associated in any way with TRC, its mini-tender offer or the mini-tender offer documentation.
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