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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (46264)	9/2/2010 8:55:46 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70762

Burger King Bounds Higher On Takeover MarketNewsVideo.com , 09.02.10, 05:59 PM EDT Fast food chain surges on $4 billion deal. Burger King Holdings and 3G Capital today announced that they have entered into a definitive agreement under which affiliates of 3G Capital will acquire the stock of the Company for $24.00 per share, or $4.0 billion, including the assumption of the Companys outstanding debt. Harry Winston Diamond Corporation said consolidated sales were $153.7 million for the quarter compared to $94.8 million for the comparable quarter of the prior year, resulting in a 135% increase in gross margin and earnings from operations of $28.9 million, compared to a loss from operations of $3.9 million in the comparable quarter of the prior year. Harry Winston shares are up 18.7%. Pier 1 Imports ( PIR - news - people ) had comparable store sales growth of 11.2% versus last years decline of 7.6%. Earnings per share are estimated to be in a range of $0.10 to $0.12. [Johnny: Wow, this is a good indication of the amount of private capital sitting on the sidelines. We talked before about the fact that this would be a good time for acquistitions as multiples are as low as they have been in years. I am surprised at the size of the acquisition though.]