Month: March 2015

Mergers & Acquisitions

Board of Directors Unanimously Rejects Revised, Unsolicited Proposal from Simon Property Group

March 31, 2015 0

Board of Directors Unanimously Rejects Revised, Unsolicited Proposal from Simon Property Group PR Newswire SANTA MONICA, Calif., March 31, 2015 SANTA MONICA, Calif. , March 31, 2015 /PRNewswire/ — The Macerich Company (NYSE: MAC) (“Macerich” or “the Company”) today announced that its Board of Directors unanimously rejected Simon Property Group, Inc.’s (NYSE: SPG) (“Simon Property Group”) revised, unsolicited proposal to acquire the Company for $95.50 per share in cash and stock. […]

Mergers & Acquisitions

Murray Energy Corporation Announces Receipt of Requisite Consents in its Consent Solicitations Relating to its 8.625% Senior Secured Notes due 2021 and its 9.50% Senior Secured Notes due 2020

March 31, 2015 0

Murray Energy Corporation Announces Receipt of Requisite Consents in its Consent Solicitations Relating to its 8.625% Senior Secured Notes due 2021 and its 9.50% Senior Secured Notes due 2020 PR Newswire ST. CLAIRSVILLE, Ohio, March 31, 2015 ST. CLAIRSVILLE, Ohio , March 31, 2015 /PRNewswire/ — Murray Energy Corporation (“Murray Energy” or the “Company”) today announced that it has received the requisite consents pursuant to its previously announced solicitations of consents (the “Consent Solicitations”) from holders of its outstanding 8.625% Senior Secured Notes due 2021 (the “2013 Notes”) and its outstanding 9.50% Senior Secured Notes due 2020 (the “2014 Notes” and, together with the 2013 Notes, the “Notes”) to approve amendments (the “Proposed Amendments”) to the indenture relating to the 2013 Notes and the indenture relating to the 2014 Notes (the “Indentures”). […]

Stock Analysts

Archer Daniels (ADM) to Buy European Oil Bottling Company

March 31, 2015 0

Moving ahead with its strategy of enhancing returns by focusing on growing its core business and making strategic acquisitions, Archer Daniels Midland Company ADM penned a deal to buy a privately-owned oil bottling company, AOR N.V. Though the financial terms of the deal were not disclosed, it is subject to regulatory approvals. […]

Stock Analysts

IBM Announces $3B IoT Investment for Enterprise Market

March 31, 2015 0

IBM Corporation IBM has recently announced its investment plans regarding Internet of Things (IoT) for the enterprise market. The company plans to invest $3 billion over the next four years to set up a new IoT unit as well as a cloud-based open platform for clients and ecosystem partners to build IoT solutions. […]

Stock Analysts

Fortune Brands Adds Norcraft to Cabinet Business

March 31, 2015 0

In line with its strategy of achieving growth through acquisitions, Fortune Brands Home & Security, Inc. FBHS announced that it has penned a deal to buy kitchen and bathroom cabinetry producer, Norcraft Companies Inc. Shares of the company jumped 6.1% following the announcement […]

Stock Analysts

Raytheon to Collaborate with Estonia on Cyber Security

March 31, 2015 0

Raytheon Company RTN and the Estonian Ministry of Defense have agreed to collaborate for cyber security. The collaboration took place during the recent visit of Mikk Marran, Permanent Secretary of the Estonian Ministry of Defense, to Washington. Detailed areas for cooperation will be discussed when Raytheon and Estonia Ministry of Defense’s representatives meet in Tallinn. […]

Stock Analysts

Intrexon-Merck KGaA Team Up for CAR-T Cancer Therapies

March 31, 2015 0

Intrexon Corporation XON and Merck KGaA’s MKGAF biopharmaceutical business Merck Serono announced the signing of an exclusive strategic collaboration and license agreement for the development and commercialization of chimeric antigen receptor T-cell (CAR-T) cancer therapies. Terms of the Deal Per the deal, Intrexon will receive research funding from Merck KGaA for the first two targets of interest selected by the latter. Moreover, Intrexon is eligible to receive up to $826 million in development, regulatory and commercial milestones and tiered royalties on product sales, apart from an upfront payment of $115 million. […]

Mergers & Acquisitions

Sustainable Innovations Successfully Completes Acquisition of Assets of Only Competitor, H2Pump LLC

March 31, 2015 0

Sustainable Innovations Successfully Completes Acquisition of Assets of Only Competitor, H2Pump LLC Critical Assets Will Speed Sustainable Innovations’ Entry to Fast Growing Hydrogen Recycling Market PR Newswire EAST HARTFORD, Conn., March 31, 2015 EAST HARTFORD, Conn. , March 31, 2015 /PRNewswire/ — Sustainable Innovations, a world leader in electrochemical hydrogen separation and compression technology, today announced that it has acquired key assets of H2Pump LLC, a company that specialized in the recovery and reuse of industrial waste hydrogen, to become the leading provider of industrial hydrogen recycling systems. The purchase of the H2Pump assets accelerates Sustainable Innovations’ ability to introduce a hydrogen recycling product to the growing industrial hydrogen supply market. […]

Mergers & Acquisitions

Sanchez Energy Announces Sale of Non-Core Producing Assets to Sanchez Production Partners

March 31, 2015 0

Sanchez Energy Announces Sale of Non-Core Producing Assets to Sanchez Production Partners PR Newswire HOUSTON, March 31, 2015 HOUSTON , March 31, 2015 /PRNewswire/ — Sanchez Energy Corporation (NYSE: SN or the “Company”) today announced that it has executed and closed an agreement with Sanchez Production Partners LP (NYSE MKT: SPP) to sell wellbore and certain associated interests in certain producing oil and gas wells to a subsidiary of the SPP for aggregate consideration of approximately $85.0 million to the Company, subject to normal and customary closing and post-closing adjustments. In connection with the transaction, SN novated certain gas and oil hedging transactions related to the production of wellbores to SPP. […]

Stock Analysts

Amgen’s Kyprolis Gets FDA Priority Review for Expanded Use

March 31, 2015 0

Amgen Inc. AMGN received encouraging news with the FDA granting priority review to the company’s supplemental new drug application for its multiple myeloma drug, Kyprolis. Amgen is looking to convert Kyprolis’ accelerated approval to full approval and to expand its label for the treatment of patients with relapsed multiple myeloma who have received at least one prior therapy […]

Stock Analysts

Kimco and RioCan Buy Stake in Each Other’s JVs

March 31, 2015 0

In a significant development, Kimco Realty Corporation KIM , the New Hyde Park, NY-based retail real estate investment trust (“REIT”) and RioCan Real Estate Investment Trust (“RioCan”), the largest REIT in Canada, have inked a mutually beneficial strategic deal. As per the agreement, the Canadian REIT will acquire 50% interest in Kimco through two joint venture (“JV”) Canadian properties, Brentwood Village and Grand Park; while the U.S. REIT will acquire 80% stake of RioCan in the JV shopping center Montgomery Plaza in the Dallas/Fort Worth area. […]

Stock Analysts

Ford (F) to Relaunch Lincoln Continental Luxury Sedan

March 31, 2015 0

Per media reports, Ford Motor Co. F is planning to re-introduce the Lincoln Continental with a 2016 version that will be showcased at the New York International Auto Show. With the re-launch, Ford aims to offer Americans a luxury sedan in addition to capturing the luxury market in China. […]