Mergers & Acquisitions

Underground Energy Announces Acquisition of Minority Interests at Zaca and Other Projects

Underground Energy Announces Acquisition of Minority Interests at Zaca and Other Projects PR Newswire SANTA BARBARA, CA, May 31, 2012 SANTA BARBARA, CA , May 31, 2012 /PRNewswire/ – Underground Energy Corp. (“Underground”, “UGE” or the “Company”) (TSXV: UGE) (OTCQX: UGGYF) announced today that it has signed purchase and sale agreements for the acquisition of certain minority interests in petroleum leases at its Zaca Field Extension Project as well as at its Burrel , Buttonwillow and Devil’s Den properties. […]

Mergers & Acquisitions

The Sterling Group Completes the Sale of Roofing Supply Group, LLC

The Sterling Group Completes the Sale of Roofing Supply Group, LLC PR Newswire HOUSTON, May 31, 2012 HOUSTON , May 31, 2012 /PRNewswire/ — The Sterling Group, a middle market private equity firm based in Houston, Texas , today announced that they have finalized the sale of Roofing Supply Group, LLC (“RSG”) to funds managed by Clayton, Dubilier & Rice, LLC (“CD&R”). RSG is the fourth largest distributor of roofing supplies and related materials in the United States , with 59 locations in 24 states. […]

Stock Analysts

Toyota Upgraded to Outperform (HMC) (NSANY) (TM)

We have upgraded our long-term recommendation on Toyota Motor Corporation ( TM ) to Outperform from Neutral. The company plays a key role in the global market for offering fuel-efficient and environment-friendly vehicles. Moreover, the automaker expects favorable impact from its cost reduction measures and benefit from its focus on the emerging markets. […]

Stock Analysts

Mylan Launches Generic Lipitor (MYL) (PFE)

Mylan Pharmaceuticals Inc., a subsidiary of generic pharma major Mylan Inc. ( MYL ), recently announced that it has received final approval from the US Food & Drug Administration (FDA) for its generic version of Pfizer's ( PFE ) Lipitor (atorvastatin). Mylan has already begun shipping the product […]

Fast Money Episodes

Lions Gate Bounces Back

[cnbc 3000093482] Shares of Lions Gate are bouncing back after dropping more than 6.5% on an unexpected quarterly loss. Michael Burns, vice chairman of Lions Gate, weighs in. […]

Cars.com Names mcgarrybowen New Creative Agency of Record

Cars.com Names mcgarrybowen New Creative Agency of Record PR Newswire CHICAGO, May 31, 2012 CHICAGO , May 31, 2012 /PRNewswire/ — Cars.com, the premier online resource for buying and selling new and used vehicles, today announced that mcgarrybowen has been named its new Creative Agency of Record. The agency will serve as the lead creative agency in the site’s integrated team of marketing agencies, which also includes OMD (media buying), MEA (digital) and Avenue (B2B). […]

Mergers & Acquisitions

Parrish & Heimbecker, Limited:

Parrish & Heimbecker, Limited: Canada NewsWire WINNIPEG, May 31, 2012 Announces Launch of Bid for Thirdcoast Limited and Mailing of Offer Circular to Shareholders; Reaffirms support of the Community of Goderich, Ontario ; and Responds to Purported Adoption by Thirdcoast of a Shareholder Rights Plan WINNIPEG , May 31, 2012 /CNW/ – Parrish & Heimbecker, Limited (” P&H “) is pleased to announce today that it has formally launched its bid to acquire all of the issued and outstanding Thirdcoast Limited (” Thirdcoast “) common shares not presently owned by it (the ” Bid “) for all cash consideration of $155.00 per common share pursuant and subject to the terms and conditions set out in the Bid circular and related documentation dated May 31, 2012 . The price of $155.00 per Thirdcoast common share offered under the Bid represents a premium of approximately 107% to the bid price for Thirdcoast common shares before announcement of P&H’s intention to commence the Bid, as set out on the Thirdcoast website at that time. […]

Mergers & Acquisitions

Clayton, Dubilier & Rice Acquires Leading U.S. Roofing Material Distributor, Roofing Supply Group

Clayton, Dubilier & Rice Acquires Leading U.S. Roofing Material Distributor, Roofing Supply Group PR Newswire NEW YORK, May 31, 2012 NEW YORK , May 31, 2012 /PRNewswire/ — Clayton, Dubilier & Rice, LLC (“CD&R”) and Roofing Supply Group (“RSG” or the “Company”) today announced that funds managed by CD&R have acquired RSG, a leading distributor of residential and non-residential roofing materials in the U.S., from The Sterling Group. Terms were not disclosed. […]

Stock Analysts

Willis Subsidiary Buys Attain (AJG) (AON) (ERIE) (VR) (WSH)

Willis Risk Services, the Ireland-based subsidiary of Willis Group Holdings Plc ( WSH ), announced that it has entered into a deal to acquire Attain Consulting and its sister company Trustee Principles. The financial and other terms of the deal were not disclosed. Attain Consulting primarily provides traditional pension consulting, pension scheme review consulting, industrial relations management and human resource conflict management services while Trustee Principles mainly provides pension trusteeship services. […]

Stock Analysts

Whirlpool Upgraded to Outperform (ELUXY) (GE) (WHR)

We are upgrading our long-term recommendation on Whirlpool Corporation ( WHR ) to Outperform from Neutral based on its effective cost-control measures, product innovation strategies and solid quarterly results. Whirlpool’s operations are spread worldwide. The company derived 51% of its revenues from North America, 27% from Latin America, 17% from Europe, the Middle East and Africa and 5% from Asia last year […]

Stock Analysts

Nissan Focuses on Infiniti in China (DDAIF) (HMC) (NSANY) (TM) (VLKAY)

Nissan Motor Co. ( NSANY ) plans to produce two new Infiniti car models in China from 2014 in order to catch up with the leading automakers in the market including Volkswagen AG ’s ( VLKAY ) Audi, Daimler AG’s ( DDAIF ) Mercedes Benz and BMW AG. The company will manufacture the cars at a plant located in Xiangyang city in central China and valued at 2 billion yuan ($315 million). […]