Harbinger Group Inc. Urges Board of Central Garden & Pet to Fulfill its Fiduciary Duties to Shareholders, Calls Upon Shareholders to Voice Opinions Regarding Proposed Transactions
PR Newswire - Mon Oct 20, 6:30AM CDT
Harbinger Group Inc. ("HRG"; NYSE: HRG), a diversified holding company seeking to acquire and grow attractive businesses that can, in the long term, generate sustainable free cash flow, today released a letter to the Board of Directors ("CENT Board"
CENT: 7.35 (-0.08), CENTA: 7.92 (+0.07), HRG: 12.99 (+0.06)
Shares of CENT Down 19.9% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Thu Oct 16, 9:14AM CDT
SmarTrend identified a Downtrend for Central Garden and Pet (NASDAQ:CENT) on September 15th, 2014 at $8.26. In approximately 1 month, Central Garden and Pet has returned 19.93% as of today's recent price of $6.61.
CENT: 7.35 (-0.08)
Central Garden & Pet (CENT) Rejects Harbinger's Proposals - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Oct 15, 5:39PM CDT
Central Garden & Pet Company's (CENT) board of directors unanimously rejected the acquisition offer from Harbinger Group Inc.
PBH: 33.33 (+1.03), CENT: 7.35 (-0.08), JAH: 59.65 (-0.29), SPB: 89.41 (+0.40)
Nasdaq stocks posting largest percentage decreases
AP - Wed Oct 15, 5:08PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at the close of trading:
IMDZ: 24.94 (-1.17), CENT: 7.35 (-0.08), AXDX: 24.21 (-0.17), KTCC: 8.23 (+0.10), CENTA: 7.92 (+0.07), EXAC: 21.42 (+0.92), LAKE: 14.15 (-0.79), MTEX: 14.16 (-0.42), IKNX: 15.90 (-0.07)
Central Garden & Pet Will Not Pursue Harbinger Group Proposals
Business Wire - Tue Oct 14, 5:01PM CDT
Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA), a leading innovator, marketer and producer of quality branded products for the lawn and garden and pet supplies markets, said today that, after an extensive review, its Board of Directors unanimously concluded that it will not pursue two proposals received from Harbinger Group Inc. in June to acquire all of Central's common stock at $10 per share in cash or, alternatively, to acquire the Company's Pet segment for $750 million in cash. The Board was assisted in its review by Lazard as financial advisor and Cravath, Swaine & Moore LLP as legal advisor.
CENT: 7.35 (-0.08), CENTA: 7.92 (+0.07), HRG: 12.99 (+0.06)
12.3% Return Seen to Date on SmarTrend Central Garden and Pet Call (CENT)
Comtex SmarTrend(R) - Wed Oct 08, 10:06AM CDT
SmarTrend identified a Downtrend for Central Garden and Pet (NASDAQ:CENT) on September 15th, 2014 at $8.26. In approximately 3 weeks, Central Garden and Pet has returned 12.30% as of today's recent price of $7.24.
CENT: 7.35 (-0.08)
Cannabis Therapy Corp Extends Strategic Plan Into Cannabinoid Products for Animal Health
ACCESSWIRE - Thu Aug 14, 11:48AM CDT
Whitefish, MT / August 14, 2014 / From spending on cardiology to oncology to specialty foods, people love their pets and religiously earmark income for requisite and discretionary spending on their furry friends. This is evident through industry expert American Pet Products stating overall expenditures in the pet industry climbed from $43.2 billion in 2008 to $55.72 billion in 2013. Not even the 2009-2013 Great Recession caused consumers to hit the brakes hard on allocating cash for their pets. The largest chunk of the overall spending went to food ($22.6 billion), followed by the veterinary care category ($15.3 billion) and then supplies/Over-the-Counter medicine ($13.7 billion). As noted by Embrace Pet Insurance, the supplies/OTC meds category remains robust, with their analysts estimating that growth in this sector outpaced the 6.7% expansion forecast by American Pet Products in 2013.
CENT: 7.35 (-0.08), MWIV: 152.89 (+0.61), CENTA: 7.92 (+0.07), WOOF: 40.65 (+0.07)
Central Garden Q3 Earnings Miss on Weak Segmental Results - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Aug 08, 9:39AM CDT
Persistent weakness in both the Pet and Garden segments dragged down Central Garden & Pet Company (CENT) third quarter fiscal 2014 results.
PBH: 33.33 (+1.03), CENT: 7.35 (-0.08), NTRI: 16.18 (+0.20), SUMR: 3.39 (+0.18)
Central Garden & Pet Company Announces Fiscal 2014 Third Quarter Results
Business Wire - Thu Aug 07, 3:02PM CDT
--Diluted EPS of $0.09 per share
CENT: 7.35 (-0.08), CENTA: 7.92 (+0.07)
Will Central Garden & Pet (CENT) Q3 Earnings Miss Estimates? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 06, 4:20PM CDT
Our proven model does not conclusively project Central Garden & Pet Company (CENT) as liklely to beat earnings this quarter.
CENT: 7.35 (-0.08), ANF: 33.33 (-0.22), CMG: 617.02 (+9.47), M: 58.72 (+0.34)
Central Garden & Pet Company Retains Advisors
Business Wire - Tue Jul 29, 4:38PM CDT
Central Garden & Pet Company (NASDAQ:CENT) (NASDAQ:CENTA), a leading innovator, marketer and producer of quality branded products for the lawn and garden and pet supplies markets, today announced that it has retained Lazard as financial advisor and Cravath, Swaine & Moore LLP as legal advisor to assist the Company's Board of Directors in its review of two proposals recently received from Harbinger Group Inc.
CENT: 7.35 (-0.08), CENTA: 7.92 (+0.07), HRG: 12.99 (+0.06)
PetSmart Shares Surge on Jana Stake
at The Street - Thu Jul 03, 9:51AM CDT
Activist investor seeks to unleash value at the pet retailer by exploring financial options, including a sale.
AMZN: 317.35 (+2.02), CENT: 7.35 (-0.08), PETM: 69.85 (+0.84)
Why Central Garden & Pet (CENT) Stock Is Lower Today
at The Street - Wed Jun 25, 1:43PM CDT
Shares of Central Garden & Pet (CENT) are down in heavy trading volume as it fights off Philip Falcone's $1.1 billion bid for the company.
CENT: 7.35 (-0.08), HRG: 12.99 (+0.06)
Nasdaq stocks posting largest volume increases
AP - Tue Jun 24, 5:05PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
RIVR: 21.09 (unch), PRPH: 1.35 (-0.07), VRTX: 107.92 (-0.24), CENT: 7.35 (-0.08), NURO: 1.75 (+0.01), PLXT: 6.50 (+0.02), PRKR: 1.18 (+0.04), CENTA: 7.92 (+0.07), COCO: 0.19 (+0.05), MSBF: 8.65 (+0.27), UCBA: 11.52 (-0.19), MCRS: 67.99 (unch), NSPH: 0.49 (-0.25)
Will Central Garden Accept Harbinger's Acquisition Offer? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jun 24, 10:50AM CDT
Central Garden & Pet Company (CENT) has received a $10 per share acquisition offer from Harbinger Group Inc. (HRG).
PBH: 33.33 (+1.03), CENT: 7.35 (-0.08), SUMR: 3.39 (+0.18), HRG: 12.99 (+0.06)
Uptrend Call Working As Central Garden and Pet Stock Rises 12.4% (CENT)
Comtex SmarTrend(R) - Tue Jun 24, 9:15AM CDT
SmarTrend identified an Uptrend for Central Garden and Pet (NASDAQ:CENT) on June 9th, 2014 at $8.45. In approximately 2 weeks, Central Garden and Pet has returned 12.43% as of today's recent price of $9.50.
CENT: 7.35 (-0.08)
Company News for June 24, 2014 - Corporate Summary
Zacks Equity Research - Zacks Investment Research - Tue Jun 24, 9:06AM CDT
Companies in the News are: CENT,FMC,PLXT,C
CENT: 7.35 (-0.08), C: 51.52 (+0.25), PLXT: 6.50 (+0.02), FMC: 59.01 (+0.05)
Harbinger Group to offer USD10.00 per share in cash to acquire Central Garden & Pet Company
M2 - Tue Jun 24, 3:56AM CDT
Diversified holding company Harbinger Group Inc (HRG)(NYSE:HRG) on Monday announced that it is offering to acquire, directly or through one of its affiliates, all of Central Garden & Pet Company (CENT)(Nasdaq:CENT) for USD10.00 in cash per share of common stock, Class A common stock and Class B stock.
CENT: 7.35 (-0.08), CENTA: 7.92 (+0.07), HRG: 12.99 (+0.06)
Central Garden & Pet Company Confirms Receipt of Unsolicited Letter from Harbinger Group
Business Wire - Mon Jun 23, 6:26PM CDT
Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA), a leading innovator, marketer and producer of quality branded products for the lawn and garden and pet supplies markets, today confirmed that it has received an unsolicited letter from Harbinger Group Inc. requesting that the Company discuss with Harbinger a possible acquisition by Harbinger of all outstanding shares of Central's common stock at $10 per share in cash or, alternatively, the acquisition of the Company's Pet segment for $750 million in cash, subject to due diligence.
CENT: 7.35 (-0.08), CENTA: 7.92 (+0.07), HRG: 12.99 (+0.06)