Day Trading Solutions

by Freddie Mooche

Stock Option Trading Shares of May Co. climbed 4.45% Friday on rumors of a pending merger with Federated Department Stores which allegedly was hammered out Sunday for a price tag of $10.4 billion.

Traders, who take part in the Formula Forex Demo Contest will be able to trade all of the financial instruments available in Delta Trading platform. Deltastock reserves the right to add or remove financial instruments at any time of the contest period without prior notice. Deltastock does not distribute dividends in the contestants Demo trading accounts, neither does it reflect stock splits, mergers, mergers or other events related either to capital raise or reduction of the certain companies whose shares are the underlying asset of the traded CFDs.

Currency Day Trading If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.

Read the home phone news in 2004 on uSwitch.com. We cover news on price rises, acquisitions and mergers

Financial Software Trading Print This Page

The companies announced in January a merger agreement in which Navico Acquisition Corp., based Simrad, would acquire outstanding shares of Lowrance for a cash tender of $37 per share.

Online Stock Trading Company Feb 28, 2005 (AXcess News) New York - Shares of May Department Stores (NYSE: MAY) climbed 4.45% Friday on rumors of a pending merger with Federated Department Stores (NYSE: FD) which allegedly was hammered out Sunday for a price tag of $10.4 billion.

Jamster may also use PII in aggregate, anonymous form for research purposes. Jamster may share your PII with companies that are affiliated with us that are part of the News America Group ). Provided you have given us permission, Jamster may share your PII with advertisers and business partners that are not affiliated with Jamster, but would like to send you information about their products and services. However, you will always have the opportunity to instruct us not to share your information with unaffiliated third parties when PII is collected.

Forex Day Trading According to a story in the WSJ, the boards of both department stores spent the weekend putting the finishing touches to the deal in which Federated would become the survivor. It was rumored that May company had held out for nearly a month during Federated's initial pitch, wanting more than originally offered.An AP story published Sunday night said that sources close to the deal told them Federated was paying $35.50 a share for May Co. and that it was to be formally announced on Monday.

Financial In Market The combined companies would hold 1,000 department stores between them. Though some stores would most likely be closed in a consolidation.Federated CEO, Terry Lundgren, will most likely man that post upon completing the merger.When the WSJ first reported that the two retail giants might merge on January 19th, May shares began climbing and have appreciated 13 percent since then.

Stock Trading System Last week Wednesday, Morgan Stanley raised its rating on Federated to "Overweight" from "Equal-weight". It was the first rating adjustment for Federated by an analyst since November 2004 when Deutsche Securities lowered their rating from "Buy" to "Hold."Advertisement

Day Trading Stock Tip Cincinnati-based Federated owns Marshall Field's and Lord & Taylor department store chains. In combining their business with May Department Stores gross sales would reach $30 billion.

Financial Forex Forex Software When St. Louis-based May Department Stores CEO Gene Kahn left the company in January the chances of completing a merger grew. Federated and May have discussed merging for several years prior to Kahn's abrupt exit.The previously announced merger of Kmart Holding Corp. (Nasdaq: KMRT) and Sears, Roebuck & Co. (NYSE: S) could have added fuel to merger talks between Federated and May.

Stock Market Trading May has had problems with its retail goods under the helm of Kahn being good enough to attract customers. The department store chain had reverted to price slashing to drag customers into their stores.

Day Lesson Stock Tip Trading A merger with Federated would bring fresh merchandising power to the mid-west retailer while the combined advertising power could also lower costs.If news is not forthcoming on Monday, speculative investors who pushed May's shares up since the WSJ's story first broke in January will most likely create a sell-off. Federated's shares, which are trading near their 52-week hi, may also drop.

Financial System Trading If the merger goes through, look for flat results initially with institutional holders watching to see how the business combination is carried off. A merger would still be subject to shareholder and regulatory approval, which could give analysts ample time to digest the merger plan.

Day Trading Future AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking business news. If you're not a member, consider joining now.

[ Comment, Edit or Article Submission ]