Month: January 2015

Mergers & Acquisitions

Radiant Logistics To Acquire Canada-Based Wheels Group Inc.

January 20, 2015 0

Radiant Logistics To Acquire Canada-Based Wheels Group Inc. – Wheels provides intermodal and truck brokerage operations in the United States and Canada; – Cash and stock transaction valued at CAD$95 million expected to be accretive to earnings, as adjusted for amortization of acquired intangibles; – Geographic and service offering expansion expected to enhance customer relationships and facilitate cross-selling opportunities across the combined Radiant-Wheels Network; – Transaction expected to increase Radiant’s preliminary estimate for FYE June 30, 2016 revenue to USD $750 million; – Conference call scheduled for Thursday, January 22, 2015 at 4:00pm eastern PR Newswire BELLEVUE, Wash., Jan. 20, 2015 BELLEVUE, Wash. […]

Downgrades

DANAOS CORP (DAC) Downgraded by Zacks to NEUTRAL

January 20, 2015 0

Zacks Investment Research downgraded shares of DANAOS CORP (DAC) from OUTPERFORM to NEUTRAL on January 20, 2015, with a target price of $6.40. Danaos Corporation is a leading international owner of containerships, chartering vessels to many of the world's largest liner companies. Danaos was set up by Dimitri Coustas, an experienced shipping investor who had been active in the industry […]

Downgrades

CONCORD MED-ADR (CCM) Downgraded by Zacks to NEUTRAL

January 20, 2015 0

Zacks Investment Research downgraded shares of CONCORD MED-ADR (CCM) from OUTPERFORM to NEUTRAL on January 20, 2015, with a target price of $8.20. Concord Medical Services Holdings Limited operates a large network of radiotherapy and diagnostic imaging centers in China. Most of the centers in their network are established through long-term lease and management services arrangements entered into with their hospital partners […]

Downgrades

COLONY FINL INC (CLNY) Downgraded by Zacks to NEUTRAL

January 20, 2015 0

Zacks Investment Research downgraded shares of COLONY FINL INC (CLNY) from OUTPERFORM to NEUTRAL on January 20, 2015, with a target price of $26.50. Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day . To get a free copy of the research report on COLONY FINL INC (CLNY), click here . […]

Mergers & Acquisitions

Northern Star Capital Holdings Acquires Capital Guardian

January 20, 2015 0

Northern Star Capital Holdings Acquires Capital Guardian New Executive Leadership Named to Wealth Manager & Registered Investment Advisor PR Newswire NEW YORK, Jan. 20, 2015 NEW YORK , Jan. 20, 2015 /PRNewswire/ — New York -based asset management firm Northern Star Capital Holdings (or ‘Northern Star’) today announced the acquisition of Capital Guardian Holdings (or ‘CGH’), and the appointment of Richard Moran as President & Chief Operating Officer. […]

Mergers & Acquisitions

BGC Announces Increase Of All-Cash Tender Offer To Acquire GFI Group To $6.10 Per Share

January 20, 2015 0

BGC Announces Increase Of All-Cash Tender Offer To Acquire GFI Group To $6.10 Per Share Offers Additional Consideration of $0.10 per Share Contingent Upon Determination of Superiority by GFI Special Committee and Board BGC Extends Tender Offer Deadline to February 3, 2015 BGC Urges GFI Shareholders to Vote AGAINST the Inferior CME/GFI Management Transaction and Tender Their Shares to BGC PR Newswire NEW YORK, Jan. 20, 2015 NEW YORK , Jan. 20, 2015 /PRNewswire/ — BGC Partners, Inc. […]

Stock Analysts

M&T Bank Q4 Earnings Beat on Lower Expenses, Profits Up

January 20, 2015 0

Driven by lower expenses M&T Bank Corporation ( MTB ) delivered a positive earnings surprise in fourth-quarter 2014. Net operating earnings of $1.95 per share marginally beat the Zacks Consensus Estimate of $1.94. Moreover, this compared favorably with $1.61 per share reported in the prior-year quarter. […]

Stock Analysts

Regions Q4 Earnings Lag Estimates, Revenues Slump

January 20, 2015 0

Impacted by lower revenues, Regions Financial Corporation ’s ( RF ) fourth-quarter 2014 earnings from continuing operations came in at 14 cents per share, missing the Zacks Consensus Estimate by 7 cents. Moreover, results compared unfavorably with the prior-year quarter earnings of 17 cents per share. Lower-than-expected results were driven by higher non-interest expenses and lower top-line. […]