Kolkata, West Bengal -- (SBWIRE) -- 09/19/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Vale SA (ADR)(NYSE:VALE), Take-Two Interactive Software, Inc.(NASDAQ:TTWO), Groupon Inc(NASDAQ:GRPN).
Vale SA (ADR)(NYSE:VALE) is selling stakes in its VLI cargo unit totaling nearly 36% for ~$1.2B to Japan’s Mitsui and a Brazilian government fund, and says it is in exclusive talks with Canada’s Brookfield Asset Management (BAM) to sell ~26% of VLI; Vale's stake would drop to less than 40% after all the deals.VLI, which controls ports, terminals and more than 10K km of railroads in Brazil, plans to invest 9B reais through 2017 to expand capacity.Vale is selling assets, suspending projects and focusing on its more profitable iron ore business as it tries to recover profit margins amid lower commodities prices.
Should Investors Buy VALE After Yesterday’s Jump? Find Out Here
Take-Two Interactive Software, Inc.(NASDAQ:TTWO) wrapped up its annual meeting (webcast) a little while ago. The company has issued a PR noting all existing directors were re-elected, including Brett Icahn (Carl Icahn's son). and that some run-of-the-mill shareholder proposals were approved.Shares finished regular trading up 1.2% (nearly in-line with the Nasdaq) after the game developer estimated retail Grand Theft Auto V sales topped $800M in the game's first 24 hours of availability.
How Should Investors Trade TTWO After The Recent Volatility? Get Free Trend Analysis Here
Groupon Inc(NASDAQ:GRPN) has bought SideTour, owner of a marketplace for booking and selling access to local activities/events. Terms are undisclosed. (PR)Groupon states SideTour "currently offers more than 500 public and private events with more than 400 hosts using the platform." Its events tend to be high-scale, with an average size of 12 attendees and the list of hosts including "chefs, artists, Olympic medalists, casting directors and sommeliers."SideTour will complement Groupon and Live Nation's GrouponLive JV, which offers live event ticket sales.Groupon has been looking for ways to offer more premium deals, as evidenced by its recent acquisition of European travel deals site Blink (partners with high-end hotels), and the launch of its Reserve high-end restaurant deals/reservations platform.
Is GRPN A Good Buy After The Recent Price Movement? Find Out Here
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