Stocks In News (ASH, Google Inc., AMZN)

Ashland Inc. (NYSE:ASH) soared 10.35% to $56.21. The company announced it has signed a definitive agreement to sell its global distribution business, known for many years as Ashland Distribution, to TPG Capital for $930 million. The transaction is expected to close prior to the end of the March quarter. Bank of America Merrill Lynch acted as financial advisor to Ashland. The stock went up more than 41% year-to-date. Google Inc. (NASDAQ:GOOG) added 0.66% to $629.18. Neeedham & Company maintained a ‘Buy’ on Google, Inc. with a price target of $700. Google Inc. maintains an index of Websites and other online content, and makes this information freely available through its search engine to anyone with an Internet connection. The 52-week range of the stock is $433.63-$629.92. Amazon.com, Inc. (NASDAQ:AMZN) went up 1.15% to $172.73. The company said Monday that it will buy Quidsi Inc., the parent company of Diapers.com and Soap.com. The company will pay $500 million in cash and assume another $45 million in debt and other obligations to acquire the outstanding shares of the New Jersey-based online retailer. The deal is expected to close next month. Over the past six months of trading sessions, the stock went up more than 38% and is up more than 28% year-to-date. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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