Mergers & Acquisitions

Carefree Communities, the Nation’s Fifth Largest Manufactured Home and RV Community Owner, Acquires Central Park MH and RV Communities in Florida

Carefree Communities, the Nation’s Fifth Largest Manufactured Home and RV Community Owner, Acquires Central Park MH and RV Communities in Florida PR Newswire SCOTTSDALE, Ariz., April 30, 2015 SCOTTSDALE, Ariz. , April 30, 2015 /PRNewswire/ — Carefree Communities, Inc., owner and operator of over 100 manufactured home communities and RV resorts is further expanding its presence in the Florida market with the acquisition of Central Park, a Polk County manufactured home and RV community in Haines City, Florida . This acquisition is the 40th for Carefree Communities, Inc […]

Stock Analysts

LinkedIn Crashes, Expedia & Skyworks Miss Too

After the closing bell on a down-trading Thursday, three Internet-based stocks — LinkedIn ( LNKD ), Skyworks ( SWKS ) and Expedia ( EXPE ) — reported earnings, and for LinkedIn, at least, the results were not kind. Earnings per share (accounting for stock-based compensation) reached -18 cents, lower than the -$0.03 expected, and revenues of $638 million in the quarter missed expectations of $645 million. Guidance for Q2 was lowered to a range of $670-675 million, far below the $725 million in the Zacks consensus estimate […]

Mergers & Acquisitions

Oceanside signs Business Combination Agreement with Gaming Nation Acquisition Corp.

Oceanside signs Business Combination Agreement with Gaming Nation Acquisition Corp. Canada NewsWire VANCOUVER, April 30, 2015 /NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TSX VENTURE: OCC VANCOUVER , April 30, 2015 /CNW/ – Oceanside Capital Corp. (the “Company” or “Oceanside”) (TSX VENTURE: OCC) is pleased to announce that it has entered into a binding business combination agreement with Gaming Nation Acquisition Corp […]

Mergers & Acquisitions

TransDigm to Acquire the Aerospace Business of Pexco LLC

TransDigm to Acquire the Aerospace Business of Pexco LLC PR Newswire CLEVELAND, April 30, 2015 CLEVELAND , April 30, 2015 /PRNewswire/ — TransDigm Group Incorporated (NYSE: TDG), announced today that it has entered into a definitive agreement to acquire the assets of the aerospace business of Pexco LLC (“Pexco Aerospace”), a portfolio company of Odyssey Investment Partners, LLC, for approximately $496 million in cash. The purchase price includes approximately $160 million of tax benefits to be realized by TransDigm over a 15 year period beginning in 2015. TransDigm expects to finance the acquisition primarily through a combination of cash on hand, existing availability under our revolving credit facility and new debt […]

Mergers & Acquisitions

Addus HomeCare Announces First Quarter 2015 Results

Addus HomeCare Announces First Quarter 2015 Results – Net service revenues increase 14.3% to $81.9 million – Adjusted earnings per diluted share totals $0.24; net income per diluted share totals $0.19 – Adjusted EBITDA grows 21.3% to $5.4 million – Announces purchase agreement for entry into New York market – Hires Don Klink as Chief Financial Officer PR Newswire DOWNERS GROVE, Ill., April 30, 2015 DOWNERS GROVE, Ill. , April 30, 2015 /PRNewswire/ — Addus HomeCare Corporation (NASDAQ: ADUS), a comprehensive provider of home and community-based services that are primarily provided in the home and focused on the dual eligible population, today announced its financial results for the first quarter ended March 31, 2015 . For the quarter, net service revenues increased 14.3% to $81.9 million from $71.7 million for the first quarter of 2014 […]

Mergers & Acquisitions

Competition Bureau challenges a merger between gas retailers Parkland and Pioneer

Competition Bureau challenges a merger between gas retailers Parkland and Pioneer Canada NewsWire OTTAWA, April 30, 2015 OTTAWA , April 30, 2015 /CNW/ – To protect consumers from higher gasoline prices, the Competition Bureau is challenging Parkland’s acquisition of Pioneer gas stations or supply contracts in 14 communities in Ontario and Manitoba . Today, the Bureau filed an application with the Competition Tribunal for an order prohibiting the parties from proceeding with the transaction in the following 14 communities: Aberfoyle, Ont. Kapuskasing, Ont […]

Mergers & Acquisitions

Lenox Corporation Announces Agreement To Purchase Prominent American Brand Reed & Barton

Lenox Corporation Announces Agreement To Purchase Prominent American Brand Reed & Barton PR Newswire BRISTOL, Pa., April 30, 2015 BRISTOL, Pa. , April 30, 2015 /PRNewswire/ — Lenox Corporation, America’s leading tableware, giftware, and home entertaining business, today announced that it was the successful bidder to purchase the operating assets and certain liabilities of Reed & Barton. The purchase, which is expected to close within the next 30 days, will allow the renowned Reed & Barton brand to continue to build on its 190-year-old legacy of superior design and craftsmanship. […]

Stock Analysts

NY Times Q1 Earnings Beat Estimates on Digital Advertising

The New York Times Company NYT delivered better-than-expected first-quarter 2015 bottom-line results. Quarterly earnings came in at 11 cents a share that beat the Zacks Consensus Estimate of 8 cents, and surged 57.1% year over year. The strength witnessed at digital advertising and effective cost management supported the bottom line. […]

Stock Analysts

Beyond Salesforce.com: 3 Other Cloud Computing Stocks to Watch

The ever-evolving technology sector has been seeing a number of new trends over the past couple of years. Of these, the notable ones include cloud computing, Big Data, Bring Your Own Device (BYOD), Internet of Things, flash storage, social networking and 3D printing. These trends have brought about a massive change in the IT sector. […]

Stock Analysts

IMAX Q1 Earnings in Line, Revenues Beat Estimates

IMAX Corp. IMAX reported first-quarter 2015 financial results wherein the bottom line was at par with the Zacks Consensus Estimate while the top line outpaced the same. Quarterly total revenue was $62.2 million, up 29% year over year, which also surpassed the Zacks Consensus Estimate of $56 million […]

Stock Analysts

Allegion (ALLE) Beats Q1 Earnings on Strong Revenues

Allegion plc ALLE , a leading provider of security products and solutions for homes and businesses, reported strong first-quarter 2015 results, as both earnings and revenues beat the respective Zacks Consensus Estimate. Adjusted earnings of 51 cents per share beat the Zacks Consensus Estimate of 47 cents by 8.5%. Earnings also improved 15.9% from the prior-year quarter figure of 44 cents […]

Stock Analysts

Royal Dutch Shell’s Q1 Earnings Beat on Refining Gains

Europe’s largest oil company Royal Dutch Shell plc RDS.A reported better-than-expected first quarter earnings due to strong refining profitability, lower spending and contribution from certain high-margin projects. Hague-based Shell reported earnings per ADR (on a current cost of supplies basis) – excluding one-time items and gains or losses from inventories – of $1.02. This was well above the Zacks Consensus Estimate of 70 cents. […]

Mergers & Acquisitions

NII Holdings Announces Completion of Nextel Mexico Sale to AT&T

NII Holdings Announces Completion of Nextel Mexico Sale to AT&T – NII Holdings completes sale of Nextel Mexico to AT&T for $1.875 billion – Completed transaction represents important step in NII’s U.S. reorganization plan PR Newswire RESTON, Va., April 30, 2015 RESTON, Va. , April 30, 2015 /PRNewswire/ — NII Holdings, Inc […]