Quarterly Dividends, Re-Elections, and Esteemed Awards - Analyst Notes on eBay, Best Buy, Outerwall, Tiffany, and Arrow Electronics
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, March 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding eBay Inc. (NASDAQ: EBAY), Best Buy Co. Inc. (NYSE: BBY), Outerwall Inc. (NASDAQ: OUTR), Tiffany & Co. (NYSE: TIF), and Arrow Electronics, Inc. (NYSE: ARW). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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eBay Inc. Analyst Notes
On March 10, 2014, eBay Inc. (eBay) announced that it has filed a preliminary proxy statement with the Securities and Exchange Commission (SEC) with respect to eBay's 2014 Annual Meeting of Stockholders. The Company also announced that its Board of Directors, on the recommendation of its Corporate Governance and Nominating Committee, is nominating for re-election to the Board the following members: Fred D. Anderson, Co-Founder and Managing Director, Elevation Partners; Edward W. Barnholt, Former President and CEO, Agilent Technologies, Inc; Scott D. Cook, Scott D. Cook, Co-Founder and Chairman of the Board, Intuit Inc; and President and John J. Donahoe, President and CEO, eBay Inc. The full analyst notes on eBay Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/EBAY/report.pdf
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Best Buy Co. Inc. Analyst Notes
On February 28, 2014, Best Buy Co. Inc. (Best Buy) announced that its Board of Directors has authorized the payment of a regular quarterly cash dividend of $0.17 per common share. The said quarterly dividend is payable on April 10, 2014, to shareholders of record as of the close of business on March 20, 2014. The Company stated that it had 346.8 million shares of common stock issued and outstanding as of February 1, 2014. The full analyst notes on Best Buy Co. Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/BBY/report.pdf
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Outerwall Inc. Analyst Notes
On March 10, 2014, Outerwall Inc. (Outerwall) announced the preliminary results of its modified "Dutch Auction" self-tender offer for the purchase of up to $350 million in value of shares of its common stock, which expired at 12:00 Midnight, New York City time, at the end of the day of March 7, 2014. The Company stated that based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 5.3 million shares of Outerwall's common stock were properly tendered and not properly withdrawn at or below the final purchase price of $70.07 per share, including 3.1 million shares that were tendered through notice of guaranteed delivery. Outerwall expects to accept for purchase 5.3 million shares of its common stock (representing approximately 20.6% of Outerwall's outstanding shares of common stock as of March 6, 2014) at a purchase price of $70.07 per share, for an aggregate cost of approximately $371.4 million. The Company also said that the total amount of shares expected to be purchased in the tender offer includes Outerwall's right to upsize the tender offer by up to 2% of its outstanding shares. The full analyst notes on Outerwall Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/OUTR/report.pdf
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Tiffany & Co. Analyst Notes
On February 20, 2014, Tiffany & Co.'s (Tiffany) Board of Directors declared a regular quarterly dividend of $0.34 per share of Common Stock. According to Tiffany, the said dividend will be paid on April 10, 2014 to stockholders of record on March 20, 2014. The Company said that future dividends are subject to declaration by the directors. The full analyst notes on Tiffany & Co. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/TIF/report.pdf
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Arrow Electronics, Inc. Analyst Notes
On March 6, 2014, Arrow Electronics, Inc. (Arrow Electronics) announced that it has received the VMware Partner Network Award in the Global Distributor Partner of the Year category. According to the Company, the award was presented at VMware Partner Exchange 2014, VMware's annual partner event, held in San Francisco in February 2014. Arrow Electronics was also was recognized as the EMEA (Europe Middle East and Africa) Distributor Partner of the Year. The full analyst notes on Arrow Electronics, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/ARW/report.pdf
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