Month: May 2013

Mergers & Acquisitions

American Realty Capital Properties to Acquire CapLease Inc. in a $2.2 Billion Transaction, Creating Pro Forma Enterprise Value of Approximately $6.0 Billion

May 28, 2013 0

American Realty Capital Properties to Acquire CapLease Inc. in a $2.2 Billion Transaction, Creating Pro Forma Enterprise Value of Approximately $6.0 Billion Transaction will be 10% Accretive to AFFO with a 28% Increase in 2014 over 2013 Acquisition Solidifies ARCP’s Position as Best Credit Quality, Fastest Growing Single Tenant Net Lease REIT ARCP to Raise Dividend $0.03 Per Share and Raise 2014 Earnings Guidance to $1.19 Per Share PR Newswire NEW YORK, May 28, 2013 NEW YORK , May 28, 2013 /PRNewswire/ — American Realty Capital Properties, Inc. (“ARCP”) (NASDAQ: ARCP) and CapLease, Inc. […]

Mergers & Acquisitions

Refinery29 Announces Acquisition of Award-Winning Creative Technology Studio Socialbomb

May 28, 2013 0

Refinery29 Announces Acquisition of Award-Winning Creative Technology Studio Socialbomb PR Newswire NEW YORK, May 28, 2013 NEW YORK , May 28, 2013 /PRNewswire/ — Refinery29 , the number one lifestyle platform that delivers non-stop inspiration to live a more stylish and creative life, continues its growth and brand expansion and today announced the acquisition of award-winning Brooklyn based creative technology studio Socialbomb . The executive team of Socialbomb, a First Round Capital portfolio company, will assume senior leadership positions in product and technology, augmenting the resources and experience to accelerate Refinery29’s mobile and social initiatives. […]

Stock Analysts

AZN Updates on Pulmicort Respules

May 28, 2013 0

AstraZeneca ( AZN ) recently announced that the US Court of Appeals for the Federal Circuit has issued a temporary injunction related to the distribution of generic versions of Pulmicort Respules (budesonide inhalation suspension) in the US. The court’s injunction prevents generic manufactures to distribute generic Pulmicort Respules, until it reaches a final decision on AstraZeneca’s appeal of the verdict of the US District Court for the District of New Jersey. The injunction requires AstraZeneca to post a bond worth $72 million […]

Stock Analysts

Hercules Held at Neutral

May 28, 2013 0

On May 23, 2013, we reiterated our long-term recommendation on Hercules Technology Growth Capital, Inc . ( HTGC ) at Neutral. Our decision rests on its strong capital position and improved capital deployment activities. […]

Stock Analysts

Dean Foods Completes WhiteWave Spin-Off

May 28, 2013 0

Dallas-based leading food and beverage company, Dean Foods Company ( DF ) recently announced the completion of its previously stated allocation of a portion of its remaining stake in The WhiteWave Foods Co . ( WWAV ) to its shareholders. Dean Foods distributed 47,686,000 Class A shares and 67,914,000 Class B shares of WhiteWave on a pro rata basis on May 23 to shareholders of record as of May 17 […]

Stock Analysts

Toronto-Dominion to Buyback Shares

May 28, 2013 0

In keeping with its strategy of consistently enhancing shareholder value, The Toronto-Dominion Bank ( TD ) announced a new capital deployment plan. The company intends to initiate share buyback program Toronto-Dominion announced its intention to buyback nearly 12 million common shares, representing approximately 1.3% of the outstanding share as of May 21, 2013. […]

Max Keiser

Keiser Report: Debt Crack Banker Babies (E450)

May 28, 2013 0

[youtube xQGp1Se3CTY] In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss crack babies and debt crack banker babies. In the second half, Max talks to James Howard Kunstler, author of the Long Emergency, about the US central bank pushing debt crack on an unemployed and under-educated population and a media high on frack crack – a high which makes the user see the oil wealth of Saudi Arabia in America. […]

Stock Analysts

Tiffany’s Earnings Surpasses Estimate

May 28, 2013 0

Tiffany & Company ( TIF ) posted better-than-expected first-quarter fiscal 2013 results due to surge in demand in the Asia-Pacific region. The quarterly earnings of 70 cents a share surpassed the Zacks Consensus Estimate of 53 cents, and rose 9.4% from 64 cents in the prior-year quarter. Shares of Tiffany were up 5.9% or $4.50 to $80.71 during pre-market trading hours […]

Stock Analysts

Recognition for AK Steel’s Ohio Plant

May 28, 2013 0

The Walbridge plant of AK Tube LLC, a subsidiary of AK Steel Holding Corporation ( AKS ), has gained recognition for its exceptional safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene. For the fifth time the Ohio plant has been awarded with the “100% Award for Safety” for operating through 2012 without any time lost to injuries or illness. This honor was given on behalf of a collaborative safety awareness program established by the Northwest Ohio Safety Council […]