Safeway shares gained 2% to $39.48 Wednesday on nearly three times normal trading volume after the Wall Street Journal said Cerberus Capital Management was close to a buyout offer worth more than $9 billion, or about $40 a share.
Cerberus, a private equity firm, has been interested in bagging the grocer for several months. Safeway acknowledged buyout interest Feb. 18, saying management was in "discussions concerning a possible transaction involving the sale of the company." At the time, Safeway did not disclose suitors.
The potential bid comes just days after No. 1 supermarket operator Kroger reportedly expressed interest in snapping up some of Safeway's 1,335 stores. A Cerberus offer could spur a Kroger offer for the entire chain.
Hot Growth Stocks To Buy Right Now: Raven Industries Inc.(RAVN)
Raven Industries, Inc., together with its subsidiaries, manufactures various products for industrial, agricultural, energy, construction, and military/aerospace markets primarily in North America. It operates in four segments: Applied Technology, Engineered Films, Aerostar, and Electronic Systems. The Applied Technology segment designs, manufactures, sells, and services precision agriculture products and information management tools enabling growers to enhance farm yields. Its products include field computers, application controls, GPS-guidance and assisted-steering systems, automatic boom controls, and yield monitoring planter controls, as well as an integrated real time kinematic and information platform called Slingshot. This segment sells its products to original equipment manufacturers, as well as through after market distributors. The Engineered Films segment produces rugged reinforced plastic sheeting for industrial, construction, geomembrane, and agricultural appli cations. It sells plastic sheeting to independent third-party distributors through its sales force. The Aerostar segment sells high-altitude research balloons and tethered aerostats for government and commercial research. It produces military parachutes, uniforms, and protective wear for the U.S. government agencies as a subcontractor; and other sewn and sealed products on a contract basis. The Electronic Systems segment provides electronics manufacturing services for commercial customers. It manufactures assemblies, including avionics, communication, environmental controls, and other products. The company was founded in 1956 and is headquartered in Sioux Falls, South Dakota.
Advisors' Opinion:- [By Dividends4Life]
Memberships and Peers: MMM is a member of the S&P 500, a Dividend Aristocrat, a member of the Broad Dividend Achievers��Index and a Dividend Champion. The company's peer group includes: General Electric Co. (GE) with a 3.1% yield, Raven Industries Inc. (RAVN) with a 1.6% yield and Carlisle Companies Inc. (CSL) with a 1.2% yield.
- [By victorselva]
General Electric has a current ratio of 10% which is lower than all the comps: 3M Company (MMM), Danaher Corp. (DHR), Carlisle Companies Incorporated (CSL), Koninklijke Philips N.V (PHG) and Raven Industries Inc. (RAVN).
- [By Monica Gerson]
Raven Industries (NASDAQ: RAVN) is estimated to report its Q4 earnings at $0.32 per share on revenue of $97.14 million.
Vail Resorts (NYSE: MTN) is expected to post its Q2 earnings at $1.87 per share on revenue of $471.16 million.
Top 5 Supermarket Stocks To Own For 2014: NTELOS Holdings Corp.(NTLS)
NTELOS Holdings Corp., through its subsidiaries, provides wireless communications services to consumers and businesses primarily in Virginia and West Virginia, as well as parts of Maryland, North Carolina, Pennsylvania, Ohio, and Kentucky. It primarily offers wireless digital personal communications services, such as wireless voice and data products and services, and roaming/travel services under the NTELOS Wireless brand name. The company also provides wholesale network services to Sprint Nextel in the western Virginia and West Virginia area for various Sprint CDMA wireless customers. As of March 6, 2012, its wireless retail business had approximately 415,000 postpay and prepaid subscribers. The company was founded in 1897 and is headquartered in Waynesboro, Virginia.
Advisors' Opinion:- [By Lauren Pollock]
Ntelos Holdings Corp.(NTLS) said it had settled disputes with Sprint Corp.(S) related to the companies’ strategic network alliance. The settlement resolves a dispute over the reset of data rates that began in the fourth quarter of 2011, as well as unrelated billing disputes raised in the third quarter of 2012. Shares of Ntelos were up 9.7% at $17.50 in after-hours trading.
Top 5 Supermarket Stocks To Own For 2014: PGT Inc.(PGTI)
PGT, Inc. engages in the manufacture and supply of residential impact-resistant windows and doors. The company offers impact-resistant products, including heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris. It also provides a range of non-impact-resistant aluminum and vinyl frame windows and doors; Architectural Systems line of products, which offer protection from hurricane-force winds and wind-borne debris for mid-and high-rise buildings; and non-glass vertical and horizontal sliding panels for porch enclosures, such as vinyl-glazed and aluminum-framed products used for enclosing screened-in porches that provide protection from inclement weather. The company markets its products under the WinGuard, PremierVue, PGT Architectural Systems, Eze-Breeze, and SpectraGuard brand names. PGT, Inc. offers its products to residential new construction, and home repair and remodeling end markets through windo w distributors, building supply distributors, window replacement dealers, and enclosure contractors. It operates in the southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company was formerly known as JLL Window Holdings, Inc. and changed its name to PGT, Inc. in January 2004. PGT, Inc. was founded in 1980 and is based in North Venice, Florida.
Advisors' Opinion:- [By Seth Jayson]
There's no foolproof way to know the future for PGT (Nasdaq: PGTI ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result.
- [By Eric Volkman]
A larger-than-previously announced block of PGT's (NASDAQ: PGTI ) shares is up for grabs. Major stockholder JLL Partners Fund has increased the size of its sale; it is now offering an even 10 million shares in an underwritten secondary public offering priced at $7.75 per share. Also, the issue's underwriters have been granted a 30-day option to buy up to an additional 1.65 million shares from the seller.
Top 5 Supermarket Stocks To Own For 2014: Talisman Energy Inc.(TLM)
Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. It primarily operates in North America, the North Sea, and southeast Asia. The company was founded in 1925 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Arjun Sreekumar]
In Pennsylvania, for instance, several hundred wells have been drilled but not completed because the takeaway capacity to get their production to market simply isn't there. Several operators have been forced to drastically reduce their rig counts in the region. For instance, both EXCO Resources (NYSE: XCO ) and Talisman Energy (NYSE: TLM ) have just one rig each remaining in the Marcellus.
- [By Arjun Sreekumar]
Companies backing out of Poland
In addition to the above-ground risks of regulatory, licensing, and taxation uncertainty, disappointing initial results from shale test wells have led some companies to rethink doing business in the country. Last month, Poland's shale prospects were further dashed when Talisman Energy (NYSE: TLM ) and Marathon Oil (NYSE: MRO ) decided to pull out from their operations in the country. - [By Jesse Solomon]
Energy bet may not have paid off: The funds plowed over two billion dollars into Whiting Petroleum (WLL), Valero Energy Corporation (VLO, Fortune 500), Talisman Energy (TLM), and Cameron International (CAM, Fortune 500).
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