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KFY

Consumer Sector Update for 09/24/2015: KFY,TASR,GOL

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Top Consumer Stocks

WMT -0.31%

MCD -0.77%

DIS -2.03%

CVS -1.75%

KO +0.18%

Consumer stocks were broadly lower Thursday, with shares of consumer staples companies in the S&P 500 sliding 0.6% while shares of consumer discretionary firms in the S&P 500 were slumping over 1.3%.

In company news, Korn/Ferry International ( KFY ) advanced Thursday after the executive search firm announced its purchase of privately-held rival Hay Group for $452 million in cash and stock.

The deal calls on Korn/Ferry to issue $200 million of its common stock in addition to paying $252 in cash after adjusting for acquired cash. The transaction is expected to close by Dec. 31, pending federal anti-trust and Hay Group shareholder approvals.

KFY shares were up almost 3% today at $35.17 apiece, earlier climbing to a session high of $36.00 a share. Entering Thursday's session, the stock already had risen 31% over the past 12 months.

In other sector news,

(+) TASR, (+1.8%) Receives order for 2,000 Axon Flex body cameras and a five-year subscription to Evidence.com service from the Memphis, Tenn., police department.

(-) GOL, (-0.1%) issues 105,000 debentures with a face value of R$10,000 ($2,447) and an interest yield equal to 132% of the accumulated variation of the average daily one-day, over extra grupo, Interbank Deposit Rate.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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