Piper Jaffray Raises Price Target on Envision Healthcare (EVHC) Following 2Q EPS Beat

Notable Mergers and Acquisitions 7/31: (UPS) (BERY) (CTAS)/(MCK) (STKL) (EVHC)

July 31, 2015 10:13 AM EDT

* UPS (NYSE: UPS) has entered into a definitive purchase agreement to acquire Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company for $1.8 billion from Warburg Pincus. Founded in 2006, Coyote reported annual revenue of $2.1 billion in 2014. Closing is expected within 30 days, subject to customary conditions and regulatory approvals. The transaction will be financed with available cash resources and through existing and new debt arrangements. The acquisition is expected to be accretive to UPS earnings in 2016.

Transaction Highlights

UPS announces agreement to acquire Coyote Logistics... More

Market Wrap: Revised Q2 GDP Misses Mark; SoulCycle Files for IPO; LinkedIn Limps on Premium Sub Slowdown

July 30, 2015 5:28 PM EDT

Market wrap for July 30th

End of the Day: S&P 500 up 0.1 to 2,108.63; Dow Jones down 5.4 to 17,745.98; Nasdaq up 17.1 to 5,128.79

Market Brief: U.S. markets ended flat Thursday as revised Q2 GDP numbers failed to inspire.

Initial jobless claims rose less than expected last week.

Boutique cardio fitness company SoulCycle filed for an IPO, with an initial registration of $100 million shares of its Common Stock.

Earnings were largely mixed on the session. LinkedIn slipped late as growth in Premium Subscriptions... More

Envision Healthcare (EVHC) Tops Q2 EPS by 2c; Will Acquire Rural/Metro in $600M Deal

July 30, 2015 4:52 PM EDT

Envision Healthcare (NYSE: EVHC) reported Q2 EPS of $0.37, $0.02 better than the analyst estimate of $0.35. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.3 billion.

The company also has entered into a definitive agreement to acquire Rural/Metro Corporation (Rural/Metro) through its medical transportation segment American Medical Response (AMR). This pending acquisition enhances Envisions mobile integrated healthcare delivery capability, a key component of its care coordination model amongst its pre-hospital, acute care and post-acute care services.

Rural/Metro is expected to generate annualized 2015 revenue of approximately $600... More

Trading Radar for 7/30: P&G (PG), ConocoPhillips (COP), LinkedIn (LNKD), Expedia (EXPE), Electronic Arts (EA), Nokia (NOK) Report

July 29, 2015 2:50 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 272kContinuing Claims - Street sees 2.200MGDP: Adv. - Street sees 2.5%Chain Deflator: Adv. - Street sees 1.5%

Earnings:

02micro (Nasdaq: OIIM) - consensus loss $0.11
ACI Worldwide, Inc. (Nasdaq: ACIW) - consensus EPS $0.06
ADP (NYSE: ADP) - consensus EPS $0.60
Abengoa Yield (NYSE:... More