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Dear Client: In just his official second day in the role, new Constellation CEO Nicholas Fink hosted a sell-side analyst meeting in NYC yesterday, alongside CFO Garth Hankinson, per reports from Roth’s Bill Kirk and TD Cowen’s Robert Moskow, who were among the first analysts to churn out notes. (They both also have a “buy”; In fact, Cowen just upgraded Monday.) Roth summed the meeting’s contents as “focused on expected management style, the hiring process, capital allocation/M&A philosophy, thoughts on
Four Loko, With Improving Trends and Global Reach, “Explores Sale,” Per Reuters
Dear Client: The parent company of Four Loko is reportedly up “four sale.” Reuters signaled this week that the Chicago-based Phusion Projects is exploring a potential sale that could value the business at roughly $400 million, citing people familiar with the matter. Phusion is working with JPMorgan on the sale process, per the report. JPMorgan declined to comment to Reuters, and Phusion Projects did not respond to requests for comment from the outlet (or us). REUTERS RECAPS RTD ACTION. That
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