Wal-Mart Readies for Holiday Price Matching and 1 Dow Mover to Track
Wal-Mart Stores (NYSE:WMT) is among online retailers that qualify for Target Corporation’s (NYSE:TGT) offer to guests of the ability to match the prices of select online competitors in its stores between November 1st and December 16th. In addition, Target has extended the timeframe for its Price Match Policy for the holiday shopping season and new in 2012, the policy will now include Target.com.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Exxon Mobil Corporation (NYSE:XOM) and Celtic Exploration reported that the Canadian affiliates of the former, including Exxon Mobil Canada Ltd., that the latter’s subsidiary will acquire all of Celtic’s outstanding common shares at a cash price of C$24.50 per share. Further, Celtic shareholders will receive one half of a share of a new company, 1705972 Alberta Ltd, for each Celtic common share. Along with the amount to be paid for Celtic’s outstanding convertible debentures and Celtic’s bank debt and working capital obligations, the transaction will amount to about C$3.1 billion, excluding the estimated value of Spinco shares. The transaction is to be completed by way of an arrangement under the Business Corporations Act. Calculated with the cash consideration, the transaction price marks a windfall of 35 percent over Celtic’s closing share price on the Toronto Stock Exchange of C$18.12 on Tuesday and 34 percent over Celtic’s 30-trading day volume weighted average trading price of C$18.28 per share ending on the same day.
Don’t Miss: Wal-Mart Gets Off Again.