Month: June 2011

Stock Analysts

Change in Warner Chilcott’s R&D (PG) (WCRX)

June 30, 2011 0

Warner Chilcott ( WCRX ) recently announced that there will be a change at the helm of its research & development (R&D) division from the beginning of next year. The need for change arose following the decision of Warner Chilcott’s incumbent R&D chief, Dr. […]

Stock Analysts

Dell’s Blueprint for Growth (DELL) (HPQ) (IBM)

June 30, 2011 0

World’s second largest PC maker, Dell Inc. ( DELL ) chalked out some plans to earn better returns from investments. At its recent analyst meeting, the chief executive officer (CEO) Michael Dell expressed intentions to focus on the small and medium business (SMB) and health care segments. […]

Stock Analysts

Lindsay’s 3Q Beats Estimates (LNN) (VMI)

June 30, 2011 0

Lindsay Corporation ( LNN ) announced results for its fiscal third quarter ended May 31, 2011. The quarter delivered an EPS of $1.20, beating the Zacks Consensus Estimate of 96 cents and 50 cents in the year-earlier quarter. Total revenue in the quarter increased at a whopping 53% to $153.4 million from $100.1 million in the prior-year quarter, slightly beating the Zacks Consensus Estimate of $153 million […]

Mergers & Acquisitions

DDR Completes $112 Million of Asset Sales in the Second Quarter of 2011

June 30, 2011 0

DDR Completes $112 Million of Asset Sales in the Second Quarter of 2011 PR Newswire BEACHWOOD, Ohio, June 30, 2011 BEACHWOOD, Ohio , June 30, 2011 /PRNewswire/ — Developers Diversified Realty Corporation (NYSE: DDR) (“DDR”) announced today that it completed $112 million of asset sales during the second quarter of 2011, of which the Company’s share was $87 million . Sales during the quarter included 12 assets, primarily non-prime, and four land parcels. The non-prime assets were predominantly located in tertiary markets with below average demographics […]

Mergers & Acquisitions

THE STRONACH GROUP ACQUIRES MI DEVELOPMENTS’ RACING AND GAMING ASSETS

June 30, 2011 0

THE STRONACH GROUP ACQUIRES MI DEVELOPMENTS’ RACING AND GAMING ASSETS PR Newswire AURORA, ON, June 30, 2011 AURORA, ON , June 30, 2011 /PRNewswire/ – The Stronach Group today announced that it has acquired the racing and gaming assets formerly held by MI Developments Inc. (MID) (NYSE: MIM) as part of a previously announced reorganization proposal approved by MID shareholders on March 29, 2011 . The racing and gaming assets acquired by The Stronach Group include: Santa Anita Park ; Golden Gate Fields; Portland Meadows; MID’s joint venture interests in Maryland Jockey Club’s real estate and racing assets (Pimlico Race Course, Laurel Park and the Bowie Training Center); Gulfstream Park and MID’s joint venture interest in an associated retail development; horseracing technology assets, including Xpressbet, AmTote and MID’s joint venture interest in HRTV, a cable and satellite television network dedicated to the sport of horse racing; as well as various development properties previously owned by MID […]