Pricing of Notes, New Services, Annual Meeting Schedules, Rights Plan, and Product Updates - Analyst Notes on SBA, JetBlue, Safeway, News Corp and Wendy's
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding SBA Communications Corporation (NASDAQ: SBAC), JetBlue Airways Corporation (NASDAQ: JBLU), Safeway Inc. (NYSE: SWY), News Corp (NASDAQ: NWSA) and The Wendy's Co (NASDAQ: WEN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3994-100free.
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SBA Communications Corporation Analyst Notes
On June 17, 2014, SBA Communications Corporation (SBA) announced the pricing of an offering of $750 million aggregate principal amount of senior notes due 2022, which was upsized from the previously announced $600 million (the "Notes"). The Notes will bear an interest rate of 4.875% and will be issued at a price of 99.178% of their face value. SBA informed that the offering is expected to close on July 1, 2014. The Company added that the net proceeds from the offering will be used to redeem all of its 8.25% Notes due 2019, which are redeemable, upon notice of not less than 30 days, as of August 15, 2014 and to pay its conversion obligations with respect to c.$121 million aggregate principal amount of its 4.0% Convertible Senior Notes due 2014. SBA added that all remaining proceeds will be used for general corporate purposes. The full analyst notes on SBA are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/SBAC/report.pdf
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JetBlue Airways Corporation Analyst Notes
On June 15, 2014, JetBlue Airways Corporation (JetBlue) announced that starting August 3, 2014, all of its flights between New York (JFK) and Los Angeles (LAX) will feature Mint - a premium service which offers private suites, and the widest seat and longest fully-flat bed on domestic U.S. routes. The Company stated that with the launch of this service, JetBlue is now the only airline in America and one of the few in the world to offer customers a private suite. The Company also informed that on October 26, 2014, JetBlue will expand this new offer to the New York (JFK) -San Francisco (SFO) route. Dave Barger, CEO of JetBlue said, "This is a big day for travelers as JetBlue once again revolutionizes air travel. Mint is a whole new take on flying, available at a significantly lower fare than other airline's premium services." The full analyst notes on JetBlue are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/JBLU/report.pdf
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Safeway Inc. Analyst Notes
On June 18, 2014, Safeway Inc. (Safeway) announced that it plans to hold its 2014 Annual Meeting of Stockholders on July 25, 2014, at 1:30 p.m. PT at the Company's corporate headquarters. The Company stated that at the Annual Meeting, among other things, Safeway will seek stockholder approval of the agreement and plan of merger dated as of March 6, 2014, as amended on April 7, 2014 and June 13, 2014, under which AB Acquisition LLC, an affiliate of Albertsons, will acquire the Company. Safeway added that the Company's stockholders of record at the close of business as on June 2, 2014, will be entitled to notice of and to vote upon the issues to be considered at the 2014 Annual Meeting. The full analyst notes on Safeway are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/SWY/report.pdf
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News Corp Analyst Notes
On June 18, 2014, News Corp announced that its Board of Directors has approved an amendment to expand the Company's stockholder rights plan until June 18, 2015, unless redeemed earlier by News Corp as provided for in the Rights Plan. According to the Company, the Rights Plan, which was originally scheduled to expire on June 28, 2014, provides the Board of Directors additional time to evaluate all available alternatives and preserves News Corp's ability to implement strategic plan to maximize the long-term value of the Company to all stockholders. The full analyst notes on News Corp are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/NWSA/report.pdf
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The Wendy's Co Analyst Notes
On June 18, 2014, The Wendy's Co (Wendy's) announced that the Wendy's Pretzel bun, which sold over 50 million sandwiches last year in North America and drove over 3% increase in same-restaurant sales at Wendy's North America in both the Q3 2013 and Q4 2013 sales results, will return beginning in early July 2014. The Company stated that both its Pretzel Bacon Cheeseburger and Pretzel Pub Chicken sandwiches will be making a comeback. Craig Bahner, Chief Marketing Officer at Wendy's said, "When we removed the pretzel bun from restaurants last year, we made way for other premium bread carriers, but consumers made it clear we couldn't say goodbye to pretzel forever.The pretzel bun was a cornerstone of our menu innovation last year, and we are bringing it back to delight consumers who love this special taste from Wendy's." The full analyst notes on Wendy's are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/WEN/report.pdf
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