Cereal maker Post Holdings Inc (NYSE:POST) said it will buy egg and dairy producer and distributor Michael Foods Inc MIKL.UL for $2.45 billion in its largest-ever deal. Post Holdings Inc (NYSE:POST) shares after opening at $55.35 moved to $55.35 on last trade day and at the end of the day closed at $54.25. Company price to sales ratio in past twelve months was calculated as 1.91 and price to cash ratio as 2.36. Post Holdings Inc (NYSE:POST) showed a positive weekly performance of 5.71%.
Barclays PLC (ADR) (NYSE:BCS) and OFI Global Asset Management, which consists of OppenheimerFunds, Inc. and certain of its advisory subsidiaries, announced the planned launch of the Barclays OFI SteelPath MLP ETNs (the “ETNs”). Barclays plans to apply to list the ETNs on the NYSE Arca Stock Exchange (“NYSE Arca”) under the ticker symbol OSMS. If the application is approved, Barclays expects that the ETNs will begin trading on NYSE Arca on April 24, 2014. Barclays PLC (ADR) (NYSE:BCS) shares advanced 3.67% in last trading session and ended the day on $16.66. BCS return on equity ratio is recorded as -0.20%. Barclays PLC (ADR) (NYSE:BCS) yearly performance is 6.86%.
Bank of China New York and Deutsche Bank AG (USA) (NYSE:DB) signed a Memorandum of Understanding expanding their cash management relationship by utilizing Deutsche Bank’s new Guaranteed US Plus solution to process Bank of China New York’s international USD payments to US beneficiaries. Deutsche Bank AG (USA) (NYSE:DB) shares moved up 1.86% in last trading session and was closed at $44.29, while trading in range of $44.01-$44.55. Deutsche Bank AG (USA) (NYSE:DB) year to date performance is -8.19%.
ING Groep (NYSE:ING) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, AR Network reports. The firm currently has a $14.70 target price on the stock.Zacks‘s target price suggests a potential upside of 2.37% from the stock’s previous close.ING Groep NV (ADR) (NYSE:ING) weekly performance is 1.75%. On last trading day company shares ended up $13.96. ING Groep NV (ADR) (NYSE:ING) distance from 50-day simple moving average is -1.11%. Analysts mean target price for the company is $14.52.
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