Acquisitions, Earnings Guidance, Senior Level Promotions, Tender Offer Updates, and Technical Updates - Research Reports on Liberty Global, Swift, MGM Resorts, JCPenney and Copa
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NEW YORK, September 30, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Liberty Global plc (NASDAQ: LBTYA), Swift Transportation Company (NYSE: SWFT), MGM Resorts International (NYSE: MGM), J. C. Penney Company, Inc. (NYSE: JCP) and Copa Holdings SA (NYSE: CPA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6855-100free.
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Liberty Global plc Research Reports
On September 23, 2014, Liberty Global plc (Liberty Global) and Discovery Communications announced that they have completed the joint acquisition of UK-based TV production company All3Media following regulatory approvals. In May 2014, Discovery Communications and Liberty Global formed a joint venture to preserve All3Media's creative autonomy, while providing strategic guidance and investment to support its global growth. All3Media group, which was previously owned by its founders and the Permira funds, consists of 19 production companies across Europe and the U.S. According to the announcement, All3Media's CEO Farah Ramzan Golant has decided to step down from her role. Further, All3Media's co-founders Steve Morrison, Jules Burns and David Liddiment are also retiring from All3Media's Board of Directors. Jane Turton, current Chief Operating Officer, has been promoted to Managing Director of All3Media and will oversee the transition period, and Neil Bright will continue in his role as CFO. The full research reports on Liberty Global are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/LBTYA/report.pdf
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Swift Transportation Company Research Reports
On September 25, 2014, Swift Transportation Company (Swift) reiterated its previously announced Q3 2014 adjusted EPS guidance of $0.33 - $0.37. Following the announcement, shares of the Company jumped 9.56% to close at $20.98. Swift's President and Chief Operating Officer Richard Stocking said, "We are pleased with the results we are experiencing thus far from the over-the-road driver wage increases that went into effect on August 4th." Richard further said: "When compared to the second quarter of 2014, our company driver turnover of our over-the-road fleets has improved more than 16 percentage points, and is currently well below industry average. Additionally, our company wide unseated truck count has declined approximately 20% from the end of the second quarter, and the utilization in our linehaul fleet has improved by more than 3% year over year in the current quarter." The full research reports on Swift are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/SWFT/report.pdf
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MGM Resorts International Research Reports
On September 25, 2014, MGM Resorts International (MGM Resorts) announced the promotions of three top executives at major Las Vegas Strip operations. Don Thrasher, longtime President and Chief Operating Officer of Circus Circus Las Vegas and other Nevada regional operations, has been named as the first President of Park Holdings, LCC -- a new entity whose first priority will be the execution of The Park, currently under development between the Monte Carlo and New York-New York hotels. Further, Eric Fitzgerald has been named as General Manager of Circus Circus Las Vegas. Eric previously served as Senior Vice President of Hotel Operations at Excalibur and Luxor. MGM Resorts said that it has also promoted Ann Hoff to General Manager of Excalibur Hotel and Casino, marking the creation of a new management team at the resort. The full research reports on MGM Resorts are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/MGM/report.pdf
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J. C. Penney Company, Inc. Research Reports
On September 22, 2014, J. C. Penney Company, Inc. (JCPenney) announced updates on its previously announced Tender Offer to purchase up to $300 million aggregate principal amount of the three outstanding series of securities issued by the Company. The Company said that approximately $448 million in aggregate principal amount of Securities was validly tendered and not validly withdrawn on or before the "Early Tender Date," which was 5:00 p.m., New York City time, on September 22, 2014. The Company also announced that it has increased the aggregate principal amount of the Securities that it is offering to purchase in the Tender Offers from $300 million to $325 million. Under the tender offer, the Company is offering to purchase 6.875% Medium-Term Notes due 2015, 7.65% Debentures due 2016, and 7.95% Debentures due 2017. The Tender Offers will expire at 11:59 p.m., New York City time, on October 6, 2014, unless extended by the Company. The full research reports on JCPenney are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/JCP/report.pdf
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Copa Holdings SA Research Reports
On September 25, 2014, the stock of Copa Holding SA (Copa) fell 2.04% to close at $105.92, after hitting a fresh 52-week low during the intra-day trade. Shares in Copa opened the session at $107.96, and fluctuated in the range of $105.18 - $108.91, with a total of 1.55 million shares changing hands. The stock remained well below its 50-day and 200-day moving averages of $131.49 and $137.56, respectively. The stock has declined 15.16% in the last one month, compared to the S&P 500 Index, which fell 1.70% during that period. The full research reports on Copa are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/CPA/report.pdf
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