Pricing of Public Offering, Ad Campaign, Acquisition Agreement, and Conference Presentation by Financial Companies - Analyst Notes on CoStar Group, Schwab, Financial Engines, Old National and Hancock Holding
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding CoStar Group Inc. (NASDAQ: CSGP), The Charles Schwab Corporation (NYSE: SCHW), Financial Engines, Inc. (NASDAQ: FNGN), Old National Bancorp. (NASDAQ: ONB) and Hancock Holding Co. (NASDAQ: HBHC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3584-100free.
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CoStar Group Inc. Analyst Notes
On June 5, 2014, CoStar Group Inc. (CoStar Group) announced that the Company has priced a public offering of 3.0 million shares of its common stock at $160.00 per share. According to CoStar Group, the offering was upsized from 2.0 million shares of common stock and underwriters have been granted a 30-day option to purchase up to an additional 0.45 million shares of the Company's common stock. Expected net proceeds are $460.1 million or $529.2 million if underwriters fully exercise their option to purchase additional shares. Lastly, CoStar Group stated that it intends to use the net proceeds of the offering to fund acquisitions, business growth, working capital and other general corporate purposes. The full analyst notes on CoStar Group are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/CSGP/report.pdf
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The Charles Schwab Corporation Analyst Notes
On June 2, 2014, The Charles Schwab Corporation (Schwab) announced Schwab Advisor Services' new, national advertising campaign. According to the Company, starting this month, the ad campaign will run in trade publications, online banner ads and social media channels. Additionally, the Company stated that kicking off the campaign is a print ad featuring the Company Founder and Chairman, Charles "Chuck" Schwab, commending the independent advice model and underscoring the Company's continuing commitment to independent registered investment advisors (RIAs). Schwab also stated that in mid-June, the next phase of ads will launch online, featuring three independent RIAs who custody with Schwab highlighting their personal story of independence, with additional independent advisors who custody with Schwab to be featured in future ads. The full analyst notes on Schwab are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/SCHW/report.pdf
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Financial Engines, Inc. Analyst Notes
On June 5, 2014, Financial Engines, Inc. (Financial Engines) announced that it will present at the William Blair 34th Annual Growth Stock Conference. According to the Company, the conference will be held on June 12, 2014, at Four Seasons Hotel in Chicago, Illinois, starting at 12:20 p.m. ET. Investors and interested parties can access the live presentation on Financial Engines' website under the investor relations section. The full analyst notes on Financial Engines are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/FNGN/report.pdf
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Old National Bancorp. Analyst Notes
On June 4, 2014, Old National Bancorp. (Old National) announced the execution of a definitive agreement with LSB Financial Corp. (LSB), under which the Company will acquire LSB through a stock and cash merger. The transaction also merges LSB's wholly-owned subsidiary, Lafayette Savings Bank, with Old National Bank. Under the terms of the merger agreement, LSB shareholders will receive 2.269 shares of Old National common stock and $10.63 in cash (fixed) for each share of LSB common stock. Additionally, the Company stated that the transaction is valued at an estimated $66.7 million, likely to change due to fluctuations in the price of the Company's common stock. Old National further stated that the transaction is expected to close in mid-to-late Q4 2014, subject to approval of LSB shareholders and federal regulatory authorities. The full analyst notes on Old National are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/ONB/report.pdf
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Hancock Holding Co. Analyst Notes
On June 6, 2014, Hancock Holding Co.'s (Hancock Holding) stock reflected an increase of 0.90%, closing at $34.91 per share. Over the past five-day trading period, the Company's stock went up by 3.35%, compared to the Nasdaq Composite which increased by 1.86% during the same trading period. The full analyst notes on Hancock Holding are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/HBHC/report.pdf
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