Stock Analysts

Broadcom Brings New 5G WiFi and System-On-Chip Devices

Broadcom Corporation ( BRCM ) recently announced new 5G WiFi chips and system-on-chip (SoC) devices for high performance and mass market retail routers, wireless cable and set-top boxes (STBs). The expanded portfolio also includes BCM53573 and BCM47189 SoCs for mid-tier residential routers, wireless repeaters and power line. […]

Stock Analysts

Ingersoll Closes Centrifugal Compression Division Buy

Ingersoll-Rand plc ( IR ) recently completed the acquisition of the assets of Cameron International Corporation’s ( CAM ) Centrifugal Compression division for $850 million. Ingersoll’s compressed air systems and services business provides a wide range of centrifugal, reciprocating and rotary air compressor products and this acquisition will further expand its existing portfolio. Post acquisition, the Turbo-Air and MSG brands of Cameron International’s Centrifugal Compression division will be added to Ingersoll’s line-up and boost its compression unit offerings. […]

Stock Analysts

L Brands Initiatives Reap Results, Drive Sales Momentum

L Brands, Inc. ’s ( LB ) sustained focus on cost containment, inventory management, merchandise and speed-to-market initiatives has helped it to stay afloat in a sluggish consumer environment. Moreover, the company’s foray into international markets is likely to bring long-term growth opportunities as overseas stores continue to perform better and generate increased sales volumes. […]

Stock Analysts

Kite Pharma Up on Amgen Cancer Immunotherapy Tie-Up

Amgen Inc. ( AMGN ) entered into a strategic research collaboration and license agreement with Kite Pharma, Inc. ( KITE ) for the development and commercialization of the next generation of chimeric antigen receptor (CAR) T cell immunotherapies using Kite Pharma’s engineered autologous cell therapy (eACT) platform and Amgen's cancer targets […]

Stock Analysts

Columbus McKinnon (CMCO) Buys Stahlhammer Bommern

Columbus McKinnon Corporation ( CMCO ) announced that it has purchased Stahlhammer Bommern GmbH (STB), the manufacturer of lifting tools and forged parts that are able to withstand heavy static and dynamic loads. STB is a leading European manufacturer of heavy-load single and ramshorn hooks. Columbus McKinnon bought STB for $24.6 million in cash and assumed about $6.6 million of net debt […]

Stock Analysts

Morgan Stanley (MS) to Sell MGT Business to Fiera Axium

Morgan Stanley ’s ( MS ) infrastructure investment unit has decided to vend the Montreal Gateway Terminals (MGT) partnership, the leading cargo container facility at the Port of Montreal – the second largest port in Canada. As reported by the Wall Street Journal , Morgan Stanley is in talks with Fiera Axium Infrastructure Inc. to sell MGT for over $600 million. […]

Mergers & Acquisitions

Acquisition of the Multi-Prêts/Mortgage Alliance Group

Acquisition of the Multi-Prêts/Mortgage Alliance Group Canada NewsWire MONTREAL and TORONTO, Jan. 6, 2015 MONTREAL and TORONTO , Jan. 6, 2015 /CNW/ – A group of private investors led by Luc Bernard have joined with two members of the Multi-Prêts/Mortgage Alliance Group executive team, Pierre Martel and Michael Beckette , to acquire all the Group’s outstanding shares […]

Stock Analysts

Acxiom’s LiveRamp, Datalogix Cement Long-Term Ties

LiveRamp, an operating arm of premium information technology services provider Acxiom Corporation ( ACXM ), and data-driven marketing firm Datalogix recently strengthened their long-term business association by signing an agreement that runs through 2017. The win-win deal is likely to be beneficial for both the companies and is expected to generate additional revenue-generating opportunities. Datalogix will utilize the agreement to better serve its customers by leveraging LiveRamp’s data onboarding services […]

Stock Analysts

Molson Coors Partners CCU to Launch Beer Brands in Chile

Global brewer Molson Coors Brewing Company ( TAP ) has recently entered into a partnership with Chile-based brewer Compañía Cervecerías Unidas ( CCU ) to launch two iconic American beers in Chile. Molson Coors will bring its popular Coors Light brand and the brewer’s newest offering, Coors, to Chile. It will be available at supermarkets, convenience stores and on premise accounts throughout the country by early 2015 […]

Stock Analysts

American Tower to Gain from Tower Acquisitions: Fit to Hold?

American Tower Corporation ( AMT ) is currently poised to gain from increased deployment of 3G/4G networks, aggressive buyouts of towers in emerging markets, and significant margin improvement. In Nov 2014, American Tower decided to acquire over 4,800 mobile phone towers from India’s biggest telecommunications company – Bharti Airtel Ltd. The latter’s Netherlands-based unit has agreed to sell its telecommunications towers in Nigeria to American Tower for approximately $1.05 billion […]