Lakeway, TX -- (SBWIRE) -- 02/14/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Constellation Brands, Inc. (NYSE:STZ) shares soared 34.19% to $42.79 after Constellation Brands and Anheuser-Busch InBev announced a revised agreement that establishes Crown Imports as the #3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo's U.S. business. The transaction establishes Crown as a fully owned entity of Constellation, and provides Constellation with independent brewing operations, Modelo's full profit stream from all U.S. sales, and rights in perpetuity to the Grupo Modelo brands distributed by Crown in the U.S.
How Should Investors Trade STZ After The Latest Earnings Report? Find Out Here
Artio Global Investors Inc. (NYSE:ART) stock gained 32.44% to $2.71 after Aberdeen Asset Management PLC ("Aberdeen") announced that it has reached an agreement to acquire 100 per cent of the share capital of Artio Global Investors Inc. ("Artio"), a publicly listed asset management holding company (the "Transaction"). The purchase consideration of approximately $175 million (GBP112 million) is based on a price of $2.75 per share and represents a premium of $34 million (GBP22 million) over Artio's unaudited net asset value at 31 December 2012.
Additionally, the company today posted fourth quarter of 2012, adjusted net income of $1.5 million, or $0.02 per diluted share, a decrease of 61% and 71%, respectively, from adjusted net income attributable to Artio Global Investors of $3.9 million, or $0.07 per diluted share, for the third quarter of 2012, and a decrease of 85% and 88%, respectively, from adjusted net income attributable to Artio Global Investors of $10.0 million, or $0.17 per diluted share, for the fourth quarter of 2011.
Is ART a Buy After The Solid Earnings? Get Free Trend Analysis Here
Angie's List Inc (NASDAQ:ANGI) shares gained 25.92% to $17.13 after the company yesterday said it earned $2.4 million, or 4 cents a share, on revenue of $46.2 million for the quarter ended Dec. 31. During the same period a year ago, Angie’s List lost $5.9 million, or 14 cents a share, on $27.4 million in sales. Analysts had forecast Angie’s List to lose 2 cents a share on $46 million in revenue. The company said it ended the year with 1.79 million paid memberships, up 66% from the end of 2011.
How Should Investors Trade ANGI After The Recent Movement? Find Out Here
Cereplast, Inc. (PINK:CERP) shares climbed 10.24% to $0.0452. The company this week announced that the Italian Senate approved the legislation that mandates the discontinuation of traditional single-use plastic bags in favor of bioplastic bags or other alternatives, and penalizes those who continue to use traditional plastic bags.
Additionally, the company, on Feb. 7, announced that it has appointed Mr. Michael Okada as Chief Financial Officer, effective February 5, 2013. Mr. Okada has been the acting Interim Chief Financial Officer of the Company since February 2012. Over the past year, Mr. Okada has demonstrated considerable accounting and business strength, instilling confidence in the Board of Directors that he will continue to excel in the role of Cereplast's Chief Financial Officer.
Get Latest News, Updates and Reports For Free On CERP Here
H.J. Heinz Company (NYSE:HNZ) stock jumped 19.89% to $72.51 after the company says it agreed to be acquired by an investment consortium including billionaire investor Warren Buffett in a deal valued at $28 billion. The ketchup company said Heinz shareholders will receive $72.50 in cash for each share of common stock they own. The deal value includes the assumption of Heinz's debt. Based on Heinz's number of shares outstanding, the deal is worth $23.3 billion excluding debt.
Additionally, Goldman Sachs reaffirmed their sell rating on shares of H.J. Heinz in a report issued today.
How Should Investors Trade HNZ After The Latest Earnings Report? Find Out Here
Best Damn Penny Stocks’ team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
The assembled information disseminated by Bestdamnpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Bestdamnpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in Bestdamnpennystocks.com. PLEASE always do your own due diligence, and consult your financial advisor.
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)