Mergers & Acquisitions

Pregis acquires Surface Guard; adds protective film, cohesive material, single-face corrugated to product portfolio

Pregis acquires Surface Guard; adds protective film, cohesive material, single-face corrugated to product portfolio PR Newswire DEERFIELD, Ill., May 2, 2013 DEERFIELD, Ill. , May 2, 2013 /PRNewswire/ — Pregis Corporation, a leading supplier of protective packaging solutions, has acquired Surface Guard, Aurora, Ill. , for an undisclosed amount . […]

Stock Analysts

NII Holdings Posts Loss (AMX) (MSI) (NIHD) (TEF)

Latin American wireless operator, NII Holdings Inc. ( NIHD ) declared dismal financial results for the first quarter of 2013, missing both the top and bottom line of the Zacks Consensus Estimate, hurt by higher churn, weaker exchange rate, lower ARPU and higher operating expenses. On a GAAP basis, net loss in the reported quarter was $207.5 million or $1.21 per share compared with a net income of $13.6 million or 8 cents per share per in the prior-year quarter […]

Mergers & Acquisitions

Five Leading Packaging Companies Combining To Create The World’s Sixth-Largest Global Plastics Packaging Company

Five Leading Packaging Companies Combining To Create The World’s Sixth-Largest Global Plastics Packaging Company – Exopack, Britton Group, Kobusch, PACCOR and Paragon Companies Join Forces PR Newswire CHICAGO, May 2, 2013 CHICAGO , May 2, 2013 /PRNewswire/ –Five leading packaging companies in North America and Europe today announced they intend to combine in order to operate as one global leader under the banner of Exopack Holdings Sarl, a new Luxembourg company (“the Combined Company”). The combined business will have 63 plants, 8,650 employees and aggregate revenues of more than US$2.5B , making it the sixth-largest plastics packaging company in the world. Joining Exopack, a U.S.-based producer of flexible paper and plastic packaging, and advanced coatings, will be four leading companies based in Europe – Britton Group, a flexible plastic packaging manufacturer; PACCOR, the second-largest rigid plastic packaging company in Europe ; Kobusch, a producer of tailor-made flexible and rigid packaging systems; and Paragon Print & Packaging, a leader in private label packaging solutions in the UK […]

Mergers & Acquisitions

Ameris Bancorp to Acquire The Prosperity Banking Company

Ameris Bancorp to Acquire The Prosperity Banking Company PR Newswire MOULTRIE, Ga., May 2, 2013 MOULTRIE, Ga. , May 2, 2013 /PRNewswire/ — AMERIS BANCORP (NASDAQ-GS: ABCB), the parent company of Ameris Bank, announced today the signing of a definitive merger agreement under which Ameris will acquire The Prosperity Banking Company, the parent company of Prosperity Bank. Upon completion of the holding company merger, Prosperity Bank will be merged with and into Ameris Bank […]

Mergers & Acquisitions

CarCharging Completes Acquisition of 350Green

CarCharging Completes Acquisition of 350Green Electric Vehicle Charging Service Provider Continues to Consolidate Market and Acquires Third EV Charging Station Owner and Operator PR Newswire MIAMI BEACH, Fla., May 2, 2013 MIAMI BEACH, Fla. , May 2, 2013 /PRNewswire/ — Car Charging Group, Inc. (OTCQB: CCGI) (“CarCharging”), a nationwide provider of convenient electric vehicle (EV) charging services, announced the closing of its acquisition of 350Green LLC, an owner and operator of EV charging stations throughout the United States […]

Stock Analysts

Avis Budget Earnings Beat (CAR) (HTZ) (IILG) (SFUN)

Leading global car rental company, Avis Budget Group Inc. ( CAR ), posted stronger-than-expected first-quarter 2013 results, with adjusted earnings per share of 8 cents coming in substantially higher than the Zacks Consensus Estimate of 1 cent. However, quarterly earnings declined 33% from 12 cents earned in the prior-year quarter. […]

Stock Analysts

Murphy Oil Surpasses Earnings Est. (COP) (HES) (MUR) (OXY)

Murphy Oil Corporation ’s ( MUR ) first-quarter 2013 pro forma earnings of $1.08 per share surpassed the Zacks Consensus Estimate by 11 cents. Quarterly earnings decreased 25% year over year due to increase in exploration, administration and financing expenses, and higher income taxes; partially offset by strong contribution from downstream operations. On a GAAP basis, the company’s quarterly earnings per share were $1.88 compared with $1.49 a year-ago. […]

Stock Analysts

ONEOK Partners Misses Earnings Est (BPL) (MMP) (OKS) (PAA)

ONEOK Partners L.P. ( OKS ) reported first-quarter 2013 earnings per unit of 42 cents, missing the Zacks Consensus Estimate by 16 cents. Quarterly earnings decreased 53.8% year over year primarily due to considerably thinner natural gas liquids (NGL) location price differentials and the impact of ethane rejection. […]