Merger Agreement, Favorable Ruling, Revenue Guidance Revision, Project Updates, and Product Launch - Research Reports on Conversant, Crown Castle, Seagate, First Solar and SanDisk
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NEW YORK, September 17, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Conversant, Inc. (NASDAQ: CNVR), Crown Castle International Corp. (NYSE: CCI), Seagate Technology PLC (NASDAQ: STX), First Solar, Inc. (NASDAQ: FSLR) and SanDisk Corp. (NASDAQ: SNDK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6531-100free.
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Conversant, Inc. Research Reports
On September 11, 2014, Conversant, Inc. (Conversant) and Alliance Data Systems Corporation (Alliance Data) jointly announced a definitive agreement whereby Alliance Data will acquire all the outstanding shares of Conversant for a combination of cash and stock valued at approximately $2.3 billion, or $35 per Conversant share. The purchase price, to be paid with approximately 48% cash and 52% Alliance Data shares, represents 10x Conversant's expected forward adjusted EBITDA of $230 million for 2015. According to Conversant, the acquisition of Conversant by Alliance Data will create a unique end-to-end marketing services company that will empower clients to more effectively market to their customers across all channels. The transaction is expected to close by the end of 2014. Following the announcement, the shares of Conversant jumped 30.29% to close at $34.80 on September 12, 2014. The full research reports on Conversant are available to download free of charge at:
http://www.analystsreview.com/Sep-17-2014/CNVR/report.pdf
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Crown Castle International Corp. Research Reports
On September 2, 2014, Crown Castle international Corp. (Crown Castle) announced that it has received a favorable private letter ruling ("PLR") from the Internal Revenue Service regarding the real property portion of its small cell networks. The Company stated that according to PLR, the real property portion of Crown Castle's indoor and outdoor small cell networks and the related rents qualify as real property and rents from real property, respectively, under the rules governing real estate investment trusts ("REIT"). Crown Castle expects to take action to include the qualifying portion of its small cell systems as part of the REIT effective January 1, 2015, subject to Board approval. Crown Castle added that certain non-qualified assets related to its small cell systems will continue to be held in taxable REIT subsidiaries. The full research reports on Crown Castle are available to download free of charge at:
http://www.analystsreview.com/Sep-17-2014/CCI/report.pdf
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Seagate Technology PLC Research Reports
On September 12, 2014, Seagate Technology PLC (Seagate) filed Form 8-K with the SEC through which it informed that it has raised its revenue expectations for Q1 FY 2015 to at least $3.65 billion. The Company had previously expected revenue for the quarter to be approximately $3.55 billion. Additionally, Seagate stated that it expects to generate $650 million to $700 million from its Cloud Systems and Solutions group in FY 2015. Shares of the Company rose 0.23% to close at $61.01. The full research reports on Seagate are available to download free of charge at:
http://www.analystsreview.com/Sep-17-2014/STX/report.pdf
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First Solar, Inc. Research Reports
On September 4, 2014, First Solar, Inc. (First Solar) announced that it has completed Phase 1 of the Barilla Solar Project in Pecos County, Texas. The completion of the phase-1 of the project brings approximately 18 MWAC of generating capacity to the Texas competitive wholesale market. First Solar will offer electricity generated by the Barilla plant on a competitive open contract basis. The Company added that the project is in the final stages of the commissioning process. "This project demonstrates First Solar's capability to rapidly develop, construct and commission a solar asset offering clean, renewable energy at competitive rates to the grid when and where it is needed," said Tim Rebhorn, Senior Vice President of Business Development for First Solar. The full research reports on First Solar are available to download free of charge at:
http://www.analystsreview.com/Sep-17-2014/FSLR/report.pdf
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SanDisk Corp. Research Reports
On September 11, 2014, SanDisk Corp. (SanDisk) launched its 512GB SanDisk Extreme PRO SDXC UHS-I memory card, which enables capture of 4K Ultra High Definition (3840x2160p) video, Full HD video (1920x1080) and high-speed burst mode photography. The Company claimed that it is the world's highest capacity SD™ card on the market. "4K Ultra HD is an example of a technology that is pushing us to develop new storage solutions capable of handling massive file sizes. The 512GB SanDisk Extreme PRO SDXC UHS-I card is a tremendous advancement that enables professionals to reliably store more content on a single card than ever before," said Dinesh Bahal, vice president, product marketing, SanDisk. The Company informed that the 512GB Extreme PRO SDXC UHS-I card will be available for a manufacturer's suggested retail price (MSRP) of $799.99. The full research reports on SanDisk are available to download free of charge at:
http://www.analystsreview.com/Sep-17-2014/SNDK/report.pdf
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