Diamonds and Dogs
11/12/14Susquehanna Bancshares Inc. (SUSQ)
Susquehanna Bancshares is a high flyer today, up 33.35% to $13.20. The bank saw its shares soar after news that BB&T would purchase Susquehanna for $2.5 billion. Susquehanna stockholders will receive 0.253 share of BB&T common stock and $4.05 in cash for each share. The deal represents a 39% premium to Susquehanna's closing price yesterday. BB&T, which is North Carolina's second largest bank sought after the deal to help expand its Mid-Atlantic business. Shares of Susquehanna hit a new 52-week high of $13.20 intraday.
Liberty TripAdvisor Holdings (LTRPB)
Liberty TripAdvisor is crashing and burning today, down 25.86% to $25.08. The vacation company and owner of TripAdvisor saw its shares fall after reporting a decline in net income. Net income came in at $54 million, or $0.37 per share, down 4% year-over-year. While other aspects of the company's earnings report were better than expected the decline in net income seems to be worrying investors. Shares of TripAdvisor fell over $8.00 but are still well above their 52-week low of $19.64.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.