Month: July 2013

Mergers & Acquisitions

Thor Announces Sale Of Bus Business For $100 Million

July 31, 2013 0

Thor Announces Sale Of Bus Business For $100 Million PR Newswire ELKHART, Ind., July 31, 2013 ELKHART, Ind. , July 31, 2013 /PRNewswire/ — Thor Industries, Inc. (NYSE:THO) today announced that it has entered a definitive agreement to sell its bus business to Allied Specialty Vehicles (ASV) for $100 million in cash, subject to closing adjustments. […]

Mergers & Acquisitions

Liberty Property Trust to Acquire Operating Partnership of Cabot Industrial Value Fund III

July 31, 2013 0

Liberty Property Trust to Acquire Operating Partnership of Cabot Industrial Value Fund III PR Newswire MALVERN, Pa., July 31, 2013 MALVERN, Pa. , July 31, 2013 /PRNewswire/ — Liberty Property Trust (NYSE: LRY) has entered into a definitive agreement to acquire the operating partnership of Cabot Industrial Value Fund III for a purchase price of $1.475 billion . Including related net transaction expenses and anticipated capital expenditures, the total costs are expected to be approximately $1.5 billion . […]

Stock Analysts

Wider 2Q Loss at ArQule

July 31, 2013 0

ArQule, Inc. ( ARQL ) reported a loss of 11 cents per share in the second quarter of 2013, wider than the Zacks Consensus Estimate of a loss of 10 cents per share. […]

Stock Analysts

Starwood Upgraded to Outperform

July 31, 2013 0

On Jul 30, we upgraded our recommendation on Starwood Hotels & Resorts Worldwide Inc. ( HOT ) from Neutral to Outperform based on better-than-expected second-quarter 2013 results and increased earnings guidance. Why the Upgrade […]

Stock Analysts

Cloud Peak Incurs Q2 Loss, Misses Estimates

July 31, 2013 0

One of the largest U.S. coal producers and the only pure-play Powder River Basin coal company Cloud Peak Energy Inc. ( CLD ) reported a loss of 2 cents per share for the second quarter of 2013, widely missing the Zacks Consensus Estimate of earnings of 7 cents and the year-ago earnings per share of 34 cents […]

Mergers & Acquisitions

Aurora Capital Group Completes Sale of ADCO Global, Inc. to Arsenal Capital Partners

July 31, 2013 0

Aurora Capital Group Completes Sale of ADCO Global, Inc. to Arsenal Capital Partners PR Newswire LOS ANGELES and LINCOLNSHIRE, Ill., July 31, 2013 LOS ANGELES and LINCOLNSHIRE, Ill. , July 31, 2013 /PRNewswire/ — Aurora Capital Group (“Aurora”), a Los Angeles -based private equity firm, today announced that it has completed the previously announced sale of ADCO Global, Inc […]

Mergers & Acquisitions

Arsenal Capital completes acquisition of ADCO Global, Inc. and Merges it With its Portfolio Company Royal Adhesives and Sealants, LLC

July 31, 2013 0

Arsenal Capital completes acquisition of ADCO Global, Inc. and Merges it With its Portfolio Company Royal Adhesives and Sealants, LLC Transaction Creates Global Top Ten Adhesives and Sealant Business PR Newswire NEW YORK, July 31, 2013 NEW YORK , July 31, 2013 /PRNewswire/ — Arsenal Capital Partners (Arsenal), a leading New York -based private equity firm that invests in middle-market specialty industrial and healthcare companies, today announced it has completed the acquisition of ADCO Global Inc. (ADCO Global), a leading global provider of specialty sealants, tapes and adhesives […]

Mergers & Acquisitions

New York State Approves Delaware Life Purchase of Sun Life Insurance and Annuity

July 31, 2013 0

New York State Approves Delaware Life Purchase of Sun Life Insurance and Annuity PR Newswire NEW YORK, July 31, 2013 NEW YORK , July 31, 2013 /PRNewswire/ — The New York Department of Financial Services has approved the acquisition of Sun Life Insurance and Annuity Company of New York , a unit of Sun Life Financial Inc. (NYSE:SLF, TSX:SLF), by Delaware Life Holdings LLC. Delaware Life Holdings LLC is owned by a private ownership group, which includes certain shareholders of Guggenheim Partners […]

Stock Analysts

Pipeline Progress at Nektar

July 31, 2013 0

Nektar Therapeutics ( NKTR ) recently completed enrolling patients for the phase III BEACON study (n=840) on its metastatic breast cancer candidate etirinotecan pegol (NKTR-102). Nektar Therapeutics is evaluating the candidate in comparison to a single-agent therapy of physician's choice in patients suffering from locally recurrent or metastatic breast cancer. […]

Stock Analysts

B&G Foods Hikes Dividend

July 31, 2013 0

The board of directors of the packaged food company, B&G Foods, Inc. ( BGS ) recently increased its quarterly dividend by 10.3% to 32 cents per share from 29 cents The dividend hike also translates into an annual dividend of $1.28 from $1.16 paid earlier, thus offering an annual yield of 3.7%. The dividend is payable on Oct 30, 2013 to shareholders of records as of Sep 30, 2013. […]

Kitco Video

More Impairments, Violence in Africa – Kitco News

July 31, 2013 0

[youtube NzwhIOLXYkg] Kitco News’ Alex Letourneau shares gold producers’ Q2 earning results and issues they are facing in South Africa and Mongolia on this edition of “Mining Minutes.” Letourneau starts with Alacer Gold, which despite lower production results reports a well-performing mine in Turkey. African Barrick Gold disclosed a $727 million impairment charge from a reduction in value involving most of its mines. There are mixed reports on the progress of labor tensions in South Africa, Letourneau added. […]