Month: May 2014

Mergers & Acquisitions

China Hydroelectric Corporation Announces Extraordinary General Meeting of Shareholders

May 23, 2014 0

China Hydroelectric Corporation Announces Extraordinary General Meeting of Shareholders PR Newswire BEIJING, May 23, 2014 BEIJING , May 23, 2014 /PRNewswire/ — China Hydroelectric Corporation (NYSE: CHC, CHCWS) (“China Hydroelectric” or the “Company”), an owner, developer and operator of small hydroelectric power projects in the People’s Republic of China (“PRC”), today announced that it has called an extraordinary general meeting of shareholders (the “EGM”), to be held on July 3, 2014 at 10:00 a.m. ( Hong Kong time), at 31st Floor, AIA Central, 1 Connaught Road, Central, Hong Kong , to consider and vote on, among other matters, the proposal to authorize and approve the previously announced agreement and plan of merger dated as of January 13, 2014 (the ”Merger Agreement”), among the Company, CPT Wyndham Holdings Ltd. (”Parent”) and CPT Wyndham Sub Ltd […]

Stock Analysts

Isis Pharma Gains on Mid-Stage Data

May 23, 2014 0

Isis Pharmaceuticals, Inc.’s ( ISIS ) shares were up 7.54% on positive top-line data from a mid-stage study on its experimental anti-coagulant, ISIS-FXIRx. The company presented results from a global, multi-center, open-label, comparator-controlled phase II study in patients undergoing total knee replacement surgery or total knee arthroplasty (TKA). Two doses of ISIS-FXIRx (200mg, 300mg) were compared to Sanofi’s ( SNY ) Lovenox (enoxaparin) […]

Stock Analysts

Updated Research Report on Dr Pepper

May 23, 2014 0

On May 22, 2014, we issued an updated research report on Dr Pepper Snapple Group Inc. ( DPS ). On Apr 23, the beverage company reported robust first-quarter 2014 results, beating the Zacks Consensus Estimate for both earnings and revenues […]

Stock Analysts

Valspar: Risk-Reward Even

May 23, 2014 0

On May 21, we issued an updated research report on The Valspar Corporation ( VAL ). While the paints and coatings maker should gain from new business wins, acquisitions and effective cost management, it remains exposed to weakness in general industrial markets and an uncertain demand environment. Both revenues and adjusted earnings for the second quarter of fiscal 2014 (ended Apr 25, 2014), reported on May 19, beat Zacks Consensus Estimates. […]

Stock Analysts

KBR Wins a Major PMC Deal in Russia

May 23, 2014 0

Leading global engineering, construction and services company, KBR Inc. ( KBR ) received a project management consultancy (PMC) contract from the largest operating refinery in Russia, owned by JSC Gazprom Neft. […]

Stock Analysts

Balanced View on Terex

May 23, 2014 0

On May 21, 2014, we issued an updated research report on Terex Corp. ( TEX ). This global equipment manufacturer is expected to benefit from internal cost initiatives, capital structure improvements and projected growth in net sales. […]

Stock Analysts

ICICI Bank Touches New 52-Week High

May 23, 2014 0

American Depository Receipts (ADRs) of ICICI Bank Ltd. ( IBN ) achieved a new 52-week high, reaching $52.28 within the first hour of the trading session on May 22. Notably, the stock closed at $52.16, reflecting a solid year-to-date return of 44.9%. […]

Downgrades

XCERRA CORP (XCRA) Downgraded by Zacks to NEUTRAL

May 23, 2014 0

Zacks Investment Research downgraded shares of XCERRA CORP (XCRA) from OUTPERFORM to NEUTRAL on May 23, 2014, with a target price of $11.00. Formed by the 2008 merger of LTX Corporation and Credence Systems Corporation, LTX-Credence is a global provider of focused, cost-optimized ATE solutions designed to enable customers to implement best-in-class test strategies to maximize their profitability. LTX-Credence addresses the broad, divergent test requirements of the wireless, computing, automotive and entertainment market segments, offering a comprehensive portfolio of technologies, the largest installed base in the Asia-Pacific region, and a global network of strategically deployed applications and support resources […]

Upgrades

CHERRY HILL MTG (CHMI) Upgraded by Zacks to OUTPERFORM

May 23, 2014 0

Zacks Investment Research upgraded shares of CHERRY HILL MTG (CHMI) from NEUTRAL to OUTPERFORM on May 23, 2014, with a target price of $20.20. Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. Cherry Hill Mortgage Investment Corporation is based in United States. […]

Mergers & Acquisitions

Gannett Purchases HotelMe

May 23, 2014 0

Gannett Purchases HotelMe PR Newswire MCLEAN, Va., May 23, 2014 MCLEAN, Va. , May 23, 2014 /PRNewswire/ — Gannett Co., Inc. (NYSE: GCI) announced today it has concluded the purchase of HotelMe, a website providing authenticated user-generated hotel reviews […]

Mergers & Acquisitions

Sage Hospitality Adds Two Hotels with RLJ Lodging Trust on the West Coast

May 23, 2014 0

Sage Hospitality Adds Two Hotels with RLJ Lodging Trust on the West Coast The Embassy Suites Irvine – Orange County Airport and Sage’s Courtyard by Marriott Portland City Center Hotels Under New Management Agreement PR Newswire DENVER, May 23, 2014 DENVER , May 23, 2014 /PRNewswire-iReach/ — Sage Hospitality has announced the management contracts of two hotels along the West Coast with RLJ Lodging Trust. Furthering an aggressive growth strategy, this is Sage’s fourteenth new contract in 2014. […]