Hastings Entertainment, Inc. (Nasdaq:HAST) reported that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Draw Another Circle, LLC (“Parent”) and Hendrix Acquisition Corp. (“Merger Sub”), which are each wholly-owned, directly or indirectly, by Joel Weinshanker. Hastings Entertainment, Inc. (NASDAQ:HAST) shares after opening at $2.93 moved to $4.12 on last trade day and at the end of the day closed at $2.98. Company price to sales ratio in past twelve months was calculated as 0.06 and price to cash ratio as 6.74. Hastings Entertainment, Inc. (NASDAQ:HAST) showed a positive weekly performance of 63.74%.
Matthews International (NASDAQ:MATW ) said it will buy the company for cash and stock for an implied $20 per share. That covers $11.80 per share in cash and 0.20582 shares of Matthews stock for each Schawk share. Matthews International Corp (NASDAQ:MATW) shares advanced 1.00% in last trading session and ended the day on $40.24. MATW return on equity ratio is recorded as 11.80% and its return on assets is 5.10%. Matthews International Corp (NASDAQ:MATW) yearly performance is 18.21%.
Matson, Inc. (NYSE:MATX), reports that Kevin O’Rourke, senior vice president and chief legal officer, is retiring after 21 years with Matson. He will be succeeded by Peter Heilmann, who has been promoted to senior vice president and chief legal officer.Matson, Inc. (NYSE:MATX) shares moved down -5.77% in last trading session and was closed at $23.37 while trading in range of $23.27 – $24.17 – Matson, Inc. (NYSE:MATX) year to date (YTD) performance is -9.91%.
Lin Media Llc (NYSE:LIN) was downgraded by analysts at Wells Fargo & Co. from an outperform rating to a market perform rating. LIN MEDIA LLC (NYSE:LIN) weekly performance is -4.38%. On last trading day company shares ended up $20.28. LIN MEDIA LLC (NYSE:LIN) distance from 50-day simple moving average (SMA50) is -13.59%. Analysts mean target price for the company is $29.00.