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Friday, May 9, 2014

Takeover Digest - Wall Street Journal - May 9, (NASDAQ: FINL), (NYSE: OMC), (NASDAQ: PLCE)

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Advertising giants Omnicom Group and Publicis Groupe have called off their $35 billion merger amid a variety of hurdles. "There was no finish line in sight and that created uncertainty," said Omnicom's CEO. (r.reuters.com/jus29v)* As more young children get their pudgy hands on their parents' mobile devices, tech and toy industry entrepreneurs are feverishly cranking out apps and gadgets aimed at these digital-savvy youngsters. A side effect of this kiddo-market miniboom is a surge in product-testing sessions relying on tot testers. (r.reuters.com/kus29v)

The Finish Line, Inc. together with its subsidiaries, is a mall-based specialty retailers in the United States, and operates two retail divisions under the Finish Line brand name (Finish Line) and Running Specialty Group (Running Specialty). Shares of FINL traded higher by 1.0% or $0.28/share to $28.24. In the past year, the shares have traded as low as $20.47 and as high as $28.88. On average, 705455 shares of FINL exchange hands on a given day and today's volume is recorded at 543274.

Omnicom Group Inc. (Omnicom) is a holding company, providing professional services to clients through multiple agencies. Shares of OMC traded higher by 0.64% or $0.42/share to $66.20. In the past year, the shares have traded as low as $59.70 and as high as $76.87. On average, 1642330 shares of OMC exchange hands on a given day and today's volume is recorded at 1108131.

The Children's Place Retail Stores, Inc. operates as a specialty retailer of apparel and accessories for children. Shares of PLCE fell by 0.56% or $-0.26/share to $45.93. In the past year, the shares have traded as low as $44.54 and as high as $58.89. On average, 438876 shares of PLCE exchange hands on a given day and today's volume is recorded at 641561.



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