Month: May 2014

Mergers & Acquisitions

Commercial Metals Company Signs Agreement for the Purchase and Sale of Assets with Newell Recycling of San Antonio, LP

May 29, 2014 0

Commercial Metals Company Signs Agreement for the Purchase and Sale of Assets with Newell Recycling of San Antonio, LP PR Newswire IRVING, Texas, May 29, 2014 IRVING, Texas , May 29, 2014 /PRNewswire/ — Commercial Metals Company (NYSE: CMC) announced today that on May 20, 2014 , Commercial Metals Company, through its wholly-owned subsidiary, Structural Metals, Inc. (collectively, “CMC”), entered into a definitive Agreement for the Purchase and Sale of Assets with Newell Recycling of San Antonio , LP (“Newell Recycling”) and John R. Newell for the purchase of substantially all of the assets of Newell Recycling located at 726 Probandt Street San Antonio, Texas. […]

Mergers & Acquisitions

Genpact Completes Acquisition of Pharmalink Consulting

May 29, 2014 0

Genpact Completes Acquisition of Pharmalink Consulting PR Newswire NEW YORK, May 29, 2014 NEW YORK , May 29, 2014 /PRNewswire/ — Genpact Limited (NYSE: G), a global leader in transforming and running business processes and operations, has closed its previously announced acquisition of Pharmalink Consulting. Now part of Genpact’s growing life sciences vertical, the new business is named Genpact Pharmalink Global Regulatory Affairs. Genpact Pharmalink Global Regulatory Affairs combines Pharmalink’s specialized domain expertise in consulting, project support and outsourced regulatory affairs services with Genpact’s global delivery, BPO, technology and analytics offerings for the life sciences market […]

Mergers & Acquisitions

United Stationers To Acquire CPO Commerce

May 29, 2014 0

United Stationers To Acquire CPO Commerce PR Newswire DEERFIELD, Ill., May 29, 2014 DEERFIELD, Ill. , May 29, 2014 /PRNewswire/ — United Stationers (NASDAQ: USTR) today announced that its wholly-owned subsidiary, United Stationers Supply Co., signed an agreement to acquire 100 percent of the outstanding shares of CPO Commerce, Inc., for an all cash purchase price of $30 million , with up to an additional $10 million to be paid in three years based on performance. CPO is a leading e-retailer of brand name power tools and equipment with proficiency in building and managing high performing online businesses […]

Stock Analysts

Wells Fargo’s Legal Woes Persist

May 29, 2014 0

The U.S. District Judge – Otis Wright II in Los Angeles rescinded the bid filed by Wells Fargo & Company ( WFC ) regarding the dismissal of a lawsuit charged against the bank by Los Angeles City. The lawsuit accused it of discriminatory lending practices towards minority borrowers […]

Stock Analysts

Everest Re Scales Up to 52-Week High

May 29, 2014 0

On May 28, the Bermuda-based property and casualty reinsurer and insurer, Everest Re Group Ltd. ( RE ) scaled 52-week high of $162.18 per share. The momentum in the stock price was impelled by strong first-quarter earnings, which led to a positive earnings surprise of 13.8% […]

Stock Analysts

Netflix to Stream Animated Movies

May 29, 2014 0

Reportedly, Netflix Inc ( NFLX ) will stream animated movies owned by Sony Pictures that will include the likes of Cloudy with a Chance of Meatballs 2 and The Smurfs 2 . The move will help Netflix to strengthen its footprint in the kids section amid growing competition from Amazon.com ( AMZN ) . Video streaming companies have recognized that kids make up a significant chunk of TV show and film viewers. […]

Stock Analysts

ProAssurance Increases Share Buyback Program

May 29, 2014 0

In an effort to boost shareholder value, the board of directors of ProAssurance Corporation ( PRA ) approved a $100 million increase in the company’s share buyback program. With this, the company’s total authorization now stands at $202 million. […]

Mergers & Acquisitions

Marathon Capital Advises American Wind Capital Company on Sale of Portfolio and Company

May 29, 2014 0

Marathon Capital Advises American Wind Capital Company on Sale of Portfolio and Company PR Newswire CHICAGO, May 29, 2014 CHICAGO , May 29, 2014 /PRNewswire/ — American Wind Capital Company (“AWCC”), the market leader in monetizing long-term, contracted ground rent / ground lease agreements in high-quality solar and wind projects, has been sold to Hannon Armstrong Capital, LLC and its affiliate Hannon Armstrong Sustainable Infrastructure Capital, Inc., for $106,650,000 . Marathon Capital, LLC acted as exclusive financial advisor to AWCC for this transaction. AWCC currently owns leases on more than 40 projects, representing more than 1,000 MWs of solar and wind generating capacity located in 14 US states […]

Stock Analysts

Airline Stock Roundup: Alaska Air, Southwest & Delta in Focus

May 29, 2014 0

Given the strength in S&P 500 and Dow Jones Transportation indices in the past 5 trading days, airline stocks seem to have benefited considerably. The trading days marked a good time for the airline stocks with most of the major companies gaining positive price momentum. The key highlights of the past week include Alaska Air Group, Inc […]

Stock Analysts

STMicroelectronics, Changan Automobile Unite

May 29, 2014 0

European chip-making company, STMicroelectronics ( STM ) and Changan Automobile have announced a strategic partnership to set up a laboratory — Changan–ST Automotive Electronic Joint Laboratory — at the latter’s Global Research Institute. Headquartered in Chongqing, Changan Automobile is a Chinese automobile manufacturer. The company has total assets worth RMB103.3 billion yuan with more than 80,000 employees. […]