Tue, Nov. 29, 9:42 AM
Tue, Nov. 8, 6:06 PM
Mon, Nov. 7, 5:35 PM
Wed, Sep. 21, 11:20 AM
- The SEC just charged Leon Cooperman with insider trading over Atlas Pipeline Partners, and Omega holdings such as Alitsource Portofolio, Navient, Aercap, and Tribune Media have knee-jerked sharply lower.
- A check of other top Omega holdings: First Data (FDC -1.3%), Allergan (AGN -0.9%), AIG (AIG +0.4%), Walgreens (WBA -0.6%), Dow Chemical (DOW), United Continental (UAL -0.7%), Ashland (ASH +0.3%), Chimera Investment (CIM -0.4%), Motorola (MSI +0.1%), HRG Group (HRG -1%), Microsoft (MSFT +1%), E*Trade (ETFC), New Residential (NRZ -1%), OneMain Holdings (OMF -2.3%), PVH (PVH +0.4%), UnitedHealth (UNH +0.7%), MGM Resorts (MGM -0.5%), New Media (NEWM -1.9%), Dish Network (DISH +0.5%), Synchrony Financial (SYF +1%), Eastman Chemical (EMN +0.3%).
- Previously: Cooperman holdings head south after insider trading charge (Sept. 21)
- Previously: Leon Cooperman charged with insider trading (Sept. 21)
Mon, Sep. 12, 8:30 AM
- Ashland (NYSE:ASH) discloses that it expects the 30M-share IPO for its Valvoline spinoff to price at $20-$23/share.
- If the underwriters exercise options to buy an additional 4.5M shares, Valvoline could raise as much as $793M, before fees.
- After the completion of the offering, ASH would own 170M Valvoline common shares, or 85% of the total outstanding shares (83% if the underwriters exercise their over-allotment option in full).
- The company has applied for its common stock to be listed on the NYSE under the symbol VVV.
Tue, Jul. 26, 5:19 PM
Mon, Jul. 25, 5:35 PM
- AAPL, AIZ, AKAM, AKR, ALDR, AMP, APC, ARI, ASH, AXS, BCR, BJRI, BLDP, BVN, BWLD, BXMT, BXP, CAVM, CB, CEB, CHRW, CINF, CNO, CSV, CTXS, CUZ, CVA, DDR, DMRC, DOX, EQR, ETH, EW, FSP, FTK, GHL, GLF, GMED, HUBG, HURN, ILMN, IRBT, JBT, JNPR, KN, LLTC, LNDC, MDR, MTCH, MTSI, NANO, NCR, NUVA, OIS, PEI, PNRA, PSB, QTS, RGC, RHI, RNR, RRC, RSYS, SGEN, SKT, TGB, TRMK, TRU, TSS, TWTR, UDR, UHS, UIS, ULTI, UMBF, USNA, VR, WES, WGP, WNC, X, ZION, ZIXI
Tue, May 31, 5:24 PM
- Ashland (NYSE:ASH) says its Valvoline subsidiary has filed for an IPO of up to 20% of its common stock, in which it expects to raise $100M.
- Valvoline says it generated ~$2B in sales, $422M in adjusted EBITDA and $196M in net income during FY 2015.
- Valvoline expects shares will trade on the NYSE under the symbol VVV.
- Meanwhile, ASH says its proposed reorganization, subject to shareholders’ approval, would move the legal headquarters of its holding company to Delaware from Kentucky.
Tue, Apr. 26, 5:18 PM
- Ashland (NYSE:ASH): FQ2 EPS of $1.83 beats by $0.09.
- Revenue of $1.25B (-7.4% Y/Y) in-line.
Mon, Apr. 25, 5:35 PM
- AAPL, AFL, AIZ, AKAM, ARAY, ARI, ASH, AXS, BEAT, BLDP, BRX, BWLD, BXMT, BXP, BYD, CHRW, CINF, CLMS, CMG, COF, CREE, CRUS, CUDA, CVA, EBAY, EEFT, EQR, EW, EXAC, FE, FOE, FSP, FTI, FTNT, HAWK, HIW, HLS, HUBG, IRBT, ISIL, JBSS, JBT, KLAC, MKTO, MRCY, MTSI, MWA, NANO, NCR, NUVA, O, PEI, PNRA, PSA, PSB, RHI, RMD, RNR, SKT, SLCA, T, TEX, TMK, TSS, TWTR, TX, ULTI, VNTV, WNC, WRB, X, ZIXI
Thu, Apr. 14, 10:40 AM
- Ashland (ASH -0.2%) says plans to spin off its Valvoline business are proceeding as planned, with an IPO of up to 20% of its common stock scheduled for Q4.
- ASH is separating into two independent, publicly traded companies: the new Ashland, composed of Ashland Specialty Ingredients and Ashland Performance Materials, and Valvoline, composed of Ashland's Valvoline business segment.
- ASH says it expects each company to have mid-to-high BB ratings profiles with an optimal level of financial flexibility for each to pursue long-term strategies.
- Now read Ashland: Does the pending spinoff create shareholder value?
Mon, Jan. 25, 5:46 PM
- Ashland (NYSE:ASH): FQ1 EPS of $1.41 beats by $0.02.
- Revenue of $1.16B (-16.5% Y/Y) misses by $60M.
Sun, Jan. 24, 5:35 PM
Wed, Jan. 20, 8:58 AM
- Ashland (NYSE:ASH) should halt plans to spin off its Valvoline business and instead seek a buyer for its specialty chemicals unit, says major ASH shareholder Elmrox Investment Group.
- Elmrox believes ASH should instead take advantage of the active market for chemical deals, and that the specialty chemicals unit could command a sale price of at least $9B, pointing to the planned Dow Chemical-DuPont merger and other recent deals, with Valvoline potentially worth more than $7B on its own.
- ASH says it is standing by its current plan to separate Valvoline, which makes motor oil and automotive chemicals, from its businesses that make chemicals and compounds that go into everything from sunscreen and pharmaceuticals to the fluids used in shale drilling.
Nov. 3, 2015, 5:18 PM
- Ashland (NYSE:ASH): Q3 EPS of $1.62 beats by $0.12.
- Revenue of $1.3B (-15.6% Y/Y) in-line.
Nov. 2, 2015, 5:35 PM
- ACHC, AFG, AIV, AMSG, ASH, ATVI, AWR, BIO, BKH, CBPO, CBS, CERN, CHEF, CHUY, CIM, CKP, CSU, CSV, CVC, DAC, DENN, DHT, DK, DKL, DVA, DVN, ECYT, ENPH, ENSG, EPIQ, ETSY, EVRI, FANG, FARO, FIVN, FLTX, FMI, FOGO, GHDX, GMED, GRPN, HCI, HL, HLF, HRZN, IAG, IPHS, IRWD, ITRI, IVR, JCOM, KEG, LLNW, MPO, MTZ, MXL, MYGN, NFX, NYMT, OAS, OCLR, OESX, OFIX, OKE, OKS, ORA, PAA, PAGP, PAYC, PBPB, PKD, QUAD, REGI, RIGL, RLOC, RP, RPAI, RXN, SLW, SSNI, SUPN, TDW, TMH, TSLA, TSRA, TX, UNTD, USNA, VNDA, WBMD, WR, WTR, X, XEC, XOXO, XXIA, Y, ZAGG, ZEN, ZNGA