1 00:00:00,080 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,880 Speaker 2: Let's take a look at some stocks in the move today. 5 00:00:19,239 --> 00:00:23,200 Speaker 2: I'm Tom Keen with Isabelle Lee and Bloomberg's John Tucker. 6 00:00:23,400 --> 00:00:26,560 Speaker 2: See if John Tucker can do this the doub component 7 00:00:26,880 --> 00:00:30,760 Speaker 2: Hole Logic. There it is to start our podcast Stock Movers. 8 00:00:30,800 --> 00:00:33,519 Speaker 3: This is the medical device maker based up I think 9 00:00:33,520 --> 00:00:38,120 Speaker 3: it's Marlborough, Massachusetts anyway. For now, so we've been reporting 10 00:00:38,159 --> 00:00:40,680 Speaker 3: for the better part of a year. There's interest Blackstone 11 00:00:40,720 --> 00:00:43,800 Speaker 3: and TPG. They were injured in ho Logic. We first 12 00:00:43,800 --> 00:00:47,239 Speaker 3: said that back in May, and back then the approach 13 00:00:47,360 --> 00:00:51,159 Speaker 3: was rebuffed. Well last month they had re engaged at 14 00:00:51,240 --> 00:00:54,360 Speaker 3: least that's what our reporting. And now yeah, it's official 15 00:00:54,400 --> 00:00:58,320 Speaker 3: Blackstone TBG. We're going to pay seventy nine dollars up 16 00:00:58,360 --> 00:01:02,440 Speaker 3: to seventy nine dollars a share for ho Logic and yeah, 17 00:01:02,640 --> 00:01:07,600 Speaker 3: classic leveraged buyout here. And I got to say the timing, 18 00:01:07,680 --> 00:01:11,160 Speaker 3: I don't think is that much is a surprise because 19 00:01:11,200 --> 00:01:14,080 Speaker 3: there's a rush to get you know, deals done by 20 00:01:14,200 --> 00:01:15,319 Speaker 3: the end of the day I liked it. 21 00:01:15,360 --> 00:01:18,000 Speaker 2: There's a forty five day ghost shop period. 22 00:01:19,440 --> 00:01:20,880 Speaker 3: All right, you're gonna explain that. 23 00:01:21,200 --> 00:01:23,200 Speaker 2: Well, they're gonna go out and go shop it. You know, 24 00:01:23,360 --> 00:01:25,280 Speaker 2: other people show up at the door and see if 25 00:01:25,840 --> 00:01:26,679 Speaker 2: you can go higher. 26 00:01:26,720 --> 00:01:28,600 Speaker 3: All right, it goes through. So it would be the 27 00:01:28,680 --> 00:01:33,280 Speaker 3: second biggest sort of healthcare deal of twenty twenty. 28 00:01:33,000 --> 00:01:34,480 Speaker 2: Five eighteen billion dollars. 29 00:01:34,480 --> 00:01:38,680 Speaker 3: Next, Philip Morris nudging up the bottom end of its 30 00:01:38,680 --> 00:01:42,880 Speaker 3: outlook for the fiscal year off the back of strong 31 00:01:42,959 --> 00:01:48,640 Speaker 3: demand for smoke free products, including the Zin nicotine pouch. 32 00:01:49,320 --> 00:01:51,800 Speaker 3: Somebody's gonna explain that to me. The company expects full 33 00:01:51,840 --> 00:01:55,200 Speaker 3: your adjusted earnings between seven forty six per year and 34 00:01:55,240 --> 00:01:58,600 Speaker 3: seven fifty six, the low end of the range, three 35 00:01:58,640 --> 00:02:01,760 Speaker 3: cents higher the pre these guidance. Third time this year 36 00:02:01,760 --> 00:02:06,640 Speaker 3: the company's raised his forecast, driven primarily by the popularity 37 00:02:06,800 --> 00:02:11,160 Speaker 3: of the no smoke pouches. These contain nicotaine but not tobacco. 38 00:02:11,600 --> 00:02:15,440 Speaker 3: They're taken orally by being stuffed under the lip. It 39 00:02:15,480 --> 00:02:18,160 Speaker 3: sounds like a baseball player, but you know, there aren't 40 00:02:18,200 --> 00:02:22,600 Speaker 3: increased health concerns around smoking. That's fueled the popularity for 41 00:02:22,639 --> 00:02:25,520 Speaker 3: the smoke free products. It's not like they're healthier, but 42 00:02:26,000 --> 00:02:28,839 Speaker 3: that's you know whatever, Resent pepp earlier, you got one 43 00:02:28,840 --> 00:02:34,400 Speaker 3: more let's do post It maker three M, huge portfolio 44 00:02:34,560 --> 00:02:37,880 Speaker 3: of stuff. And I guess the conglomerate model that we've 45 00:02:37,919 --> 00:02:41,560 Speaker 3: always talked about, like you know ge maybe that's dead 46 00:02:41,600 --> 00:02:44,320 Speaker 3: and bury. But anyway, they're raising the profit forecast. But 47 00:02:44,400 --> 00:02:48,000 Speaker 3: the second straight quarter. The CEO there, Bill Brown, he's 48 00:02:48,040 --> 00:02:51,320 Speaker 3: in the middle of a turnaround effort. Looks like it's 49 00:02:51,480 --> 00:02:56,280 Speaker 3: kind of paying off. The improved outlook suggests the ailing 50 00:02:56,320 --> 00:02:59,400 Speaker 3: company remains on track in the face of global tariffs 51 00:02:59,600 --> 00:03:02,640 Speaker 3: and all so unsteady demand for the company that we 52 00:03:02,720 --> 00:03:03,919 Speaker 3: used to know this market. 53 00:03:04,040 --> 00:03:06,440 Speaker 2: In this market, there's a lot of you know pop here. 54 00:03:06,480 --> 00:03:09,560 Speaker 2: It's it's doubled. Okay, great, but the ten year track 55 00:03:09,639 --> 00:03:14,240 Speaker 2: record John Tucker on M three M is five point two. 56 00:03:15,919 --> 00:03:19,160 Speaker 3: They're also planning to sell the assets from the safety 57 00:03:19,200 --> 00:03:21,240 Speaker 3: industrial arm. That's billions of dollars. 58 00:03:21,480 --> 00:03:24,080 Speaker 2: Okay. I love my post It and I feel like 59 00:03:24,240 --> 00:03:25,200 Speaker 2: youngsters these days. 60 00:03:25,200 --> 00:03:26,519 Speaker 3: When I say youngster's. 61 00:03:26,080 --> 00:03:28,359 Speaker 1: People who are eighteen who look at me like I'm ancient. 62 00:03:29,919 --> 00:03:32,040 Speaker 3: I don't know, I don't want to electronically. 63 00:03:32,160 --> 00:03:34,560 Speaker 1: Let's go to electronically. 64 00:03:34,040 --> 00:03:38,400 Speaker 2: Survey Villa correspondent. That's John Tucker. John, I only use 65 00:03:38,800 --> 00:03:43,440 Speaker 2: Minnesota Mining and Manufacturing painter's tape. I've tried the others. 66 00:03:43,600 --> 00:03:46,000 Speaker 3: Is that the blue the blue tape, the blue tape. Yeah, 67 00:03:46,000 --> 00:03:49,000 Speaker 3: the others will peel the old Yeah, there's a mess 68 00:03:49,040 --> 00:03:50,240 Speaker 3: or they just won't come off. 69 00:03:50,400 --> 00:03:52,040 Speaker 2: But it's supposed it notes. 70 00:03:52,320 --> 00:03:53,080 Speaker 1: Just trust them. 71 00:03:53,160 --> 00:03:55,839 Speaker 3: Yeah, you're supposed to use a hair I'm pulling off 72 00:03:55,880 --> 00:03:58,880 Speaker 3: the painter's tape. By the way, I didn't. This is 73 00:03:58,920 --> 00:04:02,840 Speaker 3: more like in line with a consumer story. But Walmart 74 00:04:03,000 --> 00:04:09,240 Speaker 3: offering its lowest price in years for butterball turkeys. They're 75 00:04:09,320 --> 00:04:13,200 Speaker 3: flexing their muscle to entice price sensitive consumers. They're gonna 76 00:04:13,200 --> 00:04:16,400 Speaker 3: sell the turkeys for ninety seven cents a pound, the 77 00:04:16,480 --> 00:04:20,800 Speaker 3: cheapest price since twenty nineteen. So Walmart pipping up to 78 00:04:20,839 --> 00:04:23,680 Speaker 3: the plate for the consumers. We tried this last year. 79 00:04:24,360 --> 00:04:27,560 Speaker 3: I took the survey like we don't like turkey. 80 00:04:27,440 --> 00:04:27,800 Speaker 2: We did. 81 00:04:28,600 --> 00:04:31,280 Speaker 3: We did lobster. It's not that you did lobster. We 82 00:04:31,440 --> 00:04:34,560 Speaker 3: loster roles. So it was a little cheat. I mean 83 00:04:34,680 --> 00:04:38,159 Speaker 3: that a full lobster. But you know, just we don't 84 00:04:38,240 --> 00:04:41,200 Speaker 3: have to be wetted to Turkey. 85 00:04:40,839 --> 00:04:44,840 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 86 00:04:44,920 --> 00:04:47,520 Speaker 1: us throughout the day for the latest roundup of companies 87 00:04:47,560 --> 00:04:50,640 Speaker 1: making news on Wall Street and for the latest market 88 00:04:50,720 --> 00:04:55,200 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 89 00:04:55,279 --> 00:04:58,760 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 90 00:04:58,839 --> 00:05:00,279 Speaker 1: the Bloomberg Business app.