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Blackhawk Network Holdings, Inc. (HAWK)

  • Sep. 25, 2014, 9:17 AM
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  • Mar. 6, 2014, 5:10 PM
    • As rumored, Supermarket chain owner Albertsons, controlled by an investor group led by P-E firm Cerberus, is acquiring Safeway (SWY). Investors are unhappy with the specific deal terms. (PR)
    • Albertson's will pay $32.50/share in cash, distribute proceeds from the sale of Safeway's real estate subsidiary assets and Casa Ley stake (estimated value of $3.65/share), and distribute Safeway's 37.8M Blackhawk Network (HAWK) shares (current value of $3.95/share).
    • The deal is expected to close in Q4, has a $400M termination fee, and comes with a 21-day go-shop period. Albertsons plans to fund the deal with the help of $7.6B in debt financing.
  • Feb. 20, 2014, 12:47 PM
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  • Feb. 19, 2014, 5:37 PM
    • Top gainers, as of 5:15 p.m.: TSLA +11.5%. AVG +8.6%. AWAY +7.1%. FSM +6.6%. PRAA +5.0%.
    • Top losers, as of 5:15 p.m.: ONTX -35.6%. HAWK -13.3%. MM -9.4%. RBCN -6.1%. GDP -5.5%.
  • Feb. 19, 2014, 4:18 PM
    • In tandem with its Q4 results, Safeway (SWY) announces it's "in discussions concerning a possible transaction involving the sale of the company."
    • The company also says it's exploring options for monetizing its 49% stake in Mexican grocery store chain Casa Ley, and has decided to distribute its 37.8M-share, 72.2% stake in Blackhawk Network (HAWK) to shareholders. Blackhawk shares are down 1.2% AH.
    • Q4 results, PR
    • Previous: Safeway reportedly open to talks with P-E firms
  • Oct. 10, 2013, 9:12 AM
    • Blackhawk Network (HAWK): Q3 EPS of $0.08 beats by $0.03.
    • Revenue of $206M (+25% Y/Y) misses by $4.94M. Shares -1.2% premarket. (PR)
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  • May. 2, 2013, 9:15 AM
    Blackhawk Networks (HAWK, SWY) is up 3.6% in premarket trading. The gift card company's relationship with Visa could be giving it a boost after Visa sailed past Q1 estimates.
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  • Apr. 19, 2013, 11:50 AM
    Gift card seller Blackhawk Network (HAWK) delivers a solid IPO. After pricing its 10M-share offering at $23, above a range of $20-$22, the Safeway (SWY -0.5%) unit opened at $25 and is currently trading at $25.62, up 11.4%. That gives Blackhawk, which sells cards via a network of 100K+ retail locations and supports top brands such as Apple, Visa, and Starbucks, a market cap of $1.33B. Blackhawk posted 2012 revenue of $959.1M (+28% Y/Y), and net income of $48.2M. Safeway now owns 81% of the company. (S-1)
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Company Description
Blackhawk Network Holdings Inc is engaged in providing various payment products. It offers gift cards, prepaid products, telecom and debit cards in physical and electronic forms and payment services in the United States and other countries.
Sector: Financial
Industry: Credit Services
Country: United States