1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,520 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,560 --> 00:00:20,840 Speaker 3: the move today. I'm Paul swinging alongside Scarlett ful weren 6 00:00:20,880 --> 00:00:23,320 Speaker 3: joined today by Bloomberg Christina Quino, Christine, what are you 7 00:00:23,320 --> 00:00:23,680 Speaker 3: looking at? 8 00:00:23,920 --> 00:00:26,639 Speaker 1: Let's take a look at current doctor Pepper Paul. So 9 00:00:26,920 --> 00:00:31,080 Speaker 1: those share so tickered KDP shares are up now more 10 00:00:31,120 --> 00:00:33,240 Speaker 1: than six percent, and that is because we did get 11 00:00:33,240 --> 00:00:36,360 Speaker 1: a more optimistic outlook for the full year from the company. 12 00:00:36,600 --> 00:00:39,600 Speaker 1: They boosted our net sales growth now to a high 13 00:00:39,640 --> 00:00:42,840 Speaker 1: single digit range. I think initially that was a lower 14 00:00:42,880 --> 00:00:45,599 Speaker 1: mid single digit range. And they also said that they 15 00:00:45,600 --> 00:00:48,879 Speaker 1: have secured a seven billion dollar financing package from Apollo 16 00:00:49,000 --> 00:00:53,120 Speaker 1: and kk Are to support its acquisition of JDPTE and 17 00:00:53,159 --> 00:00:56,200 Speaker 1: also its plan to split into two companies. So remember 18 00:00:56,240 --> 00:01:00,040 Speaker 1: they were planning to spin off their coffee Entitea and 19 00:01:00,200 --> 00:01:02,880 Speaker 1: into a separate business. So Bloomer Intelligent is weighing in 20 00:01:03,040 --> 00:01:06,720 Speaker 1: on that deal and on that outlook, saying that their 21 00:01:06,760 --> 00:01:09,679 Speaker 1: total sales and profit holding up nicely. Thanks to the 22 00:01:09,680 --> 00:01:14,560 Speaker 1: diversity of its beverages, though you know, coffeemakers at the 23 00:01:14,600 --> 00:01:19,000 Speaker 1: moment very much contending with soaring coffee prices, so potentially 24 00:01:19,000 --> 00:01:21,760 Speaker 1: informing their decision to spin off that entity. 25 00:01:22,160 --> 00:01:24,360 Speaker 3: I mean, as a former investment banker, I love a 26 00:01:24,400 --> 00:01:29,280 Speaker 3: component of this transaction, a three billion dollar convertible preferred stock. 27 00:01:29,640 --> 00:01:32,000 Speaker 3: I loved convertible preferred stocks in the day because we 28 00:01:32,120 --> 00:01:34,280 Speaker 3: made a big feed on those things, and for a 29 00:01:34,319 --> 00:01:36,360 Speaker 3: lot of companies, it's the right deal. You know, you 30 00:01:36,360 --> 00:01:38,399 Speaker 3: don't want to issue stock rater, I'll do a convert 31 00:01:38,400 --> 00:01:40,360 Speaker 3: for you. Yeah, yeah, we'll just call post Win you 32 00:01:40,440 --> 00:01:43,199 Speaker 3: right up. Yeah, we man, we hit crushing it many. 33 00:01:43,080 --> 00:01:44,479 Speaker 1: Years, so you can point you in the right direction, 34 00:01:44,760 --> 00:01:45,080 Speaker 1: all right. 35 00:01:45,240 --> 00:01:47,559 Speaker 3: I know a guy, he know, it's a couple of guys. 36 00:01:47,760 --> 00:01:49,280 Speaker 3: Christine tell us about Lulu Lemon. 37 00:01:49,400 --> 00:01:53,240 Speaker 1: Yeah, lu lu Lemon taker Lulu. So those are is 38 00:01:53,320 --> 00:01:56,320 Speaker 1: also doing well this morning, up more than three percent now, 39 00:01:56,360 --> 00:01:58,680 Speaker 1: and that is because the company has said that they 40 00:01:58,720 --> 00:02:01,840 Speaker 1: have made an arrangement with the NFL and Fanatics to 41 00:02:01,880 --> 00:02:06,440 Speaker 1: develop a line of fan apparel, and apparently that line 42 00:02:06,480 --> 00:02:09,680 Speaker 1: will include clothes for all forty two NFL teams will 43 00:02:09,919 --> 00:02:13,560 Speaker 1: start selling from October twentieth, both through the NFL and 44 00:02:13,800 --> 00:02:17,840 Speaker 1: fanatics shops. Would you buy Giants branded leggings? 45 00:02:17,880 --> 00:02:22,400 Speaker 3: I'm envisioning a big fat offensive lineman. Now he's not 46 00:02:22,440 --> 00:02:26,839 Speaker 3: going to be wearing little lemon tights, right, maybe. 47 00:02:26,760 --> 00:02:32,560 Speaker 1: Yeah, that's a bad Their leggings technology is technology, Yeah, 48 00:02:32,720 --> 00:02:36,840 Speaker 1: very good, So maybe maybe we can have your pants. 49 00:02:37,200 --> 00:02:39,800 Speaker 1: Come on, John Tucker, when you're trying a pair of leggings, I. 50 00:02:41,760 --> 00:02:46,040 Speaker 3: Go back, Yes, all right, what else we got here? 51 00:02:46,120 --> 00:02:49,320 Speaker 3: Huntington Bank Corps now again, full disclosure. Huntington Bank. It 52 00:02:49,440 --> 00:02:51,919 Speaker 3: is the bank of the Matthew Miller family. Just let 53 00:02:51,960 --> 00:02:54,000 Speaker 3: it laid it out there. It's a whole Columbus O 54 00:02:54,080 --> 00:02:54,480 Speaker 3: high thing. 55 00:02:54,639 --> 00:02:57,520 Speaker 1: Well, the bank of the Matthew Miller family. Not twelve 56 00:02:57,560 --> 00:03:01,400 Speaker 1: this morning. Take her hb A and those shares down 57 00:03:01,440 --> 00:03:04,799 Speaker 1: two point six percent, So okay. So investors are reacting 58 00:03:04,840 --> 00:03:07,400 Speaker 1: to a deal that they announced. So they're saying that 59 00:03:07,480 --> 00:03:10,360 Speaker 1: they're going to buy Cadence Bank, which is another regional bank, 60 00:03:10,680 --> 00:03:13,720 Speaker 1: for a seven point four billion dollar deal. That is 61 00:03:13,760 --> 00:03:18,240 Speaker 1: our second major acquisition this year, and really just expanding 62 00:03:18,280 --> 00:03:21,800 Speaker 1: on their plans to have more footprint in the Southern 63 00:03:21,840 --> 00:03:24,880 Speaker 1: and Southeastern say so they're going to be paying thirty 64 00:03:24,960 --> 00:03:28,480 Speaker 1: nine seventy seven per share, which is more than nine 65 00:03:28,520 --> 00:03:31,959 Speaker 1: percent more than Friday's closing price. And you know, bar 66 00:03:32,000 --> 00:03:35,160 Speaker 1: Danel is saying that the deal seems to be checking 67 00:03:35,200 --> 00:03:39,560 Speaker 1: both the strategic and financial boxes. But interestingly, shares are 68 00:03:39,760 --> 00:03:42,120 Speaker 1: down today, perhaps you know, investors will just wanting to 69 00:03:42,160 --> 00:03:45,280 Speaker 1: take some time to digest this deal because again, this 70 00:03:45,360 --> 00:03:47,360 Speaker 1: is our second major acquisition this year, and also it 71 00:03:47,400 --> 00:03:50,240 Speaker 1: follows a string of regional bank M and a's, just 72 00:03:50,240 --> 00:03:52,480 Speaker 1: in General, Wife, Fifth Third, coll America, p and C 73 00:03:52,680 --> 00:03:55,360 Speaker 1: First Bank, so this is just another addition to that string. 74 00:03:56,480 --> 00:04:00,680 Speaker 2: The Stock Mover's Report from Bloomberg Radio. 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