Month: June 2015

Stock Analysts

BioMed Sells King of Prussia Property to Penn Medicine

June 1, 2015 0

In a bid to boost its core business, BioMed Realty Trust Inc. BMR closed the divestiture of its property at 45 King of Prussia Road in Radnor, PA to Penn Medicine. This divestiture, valued at $35 million, is in line with the company’s strategies and will likely be accretive, going forward. […]

Stock Analysts

Armada Hoffler Reaps $35.6M from Durham Apartments Sale

June 1, 2015 0

Real estate investment trust (“REIT”) – Armada Hoffler Properties Inc. AHH – has reaped $35.6 million by disposing Whetstone Apartments, located in downtown Durham, North Carolina. This sale is the company’s third one in the past year, as Armada Hoffler strategically sells non-core assets to reap capital and redeploy them for its growth needs. […]

Mergers & Acquisitions

Armtec Announces Closing of Brookfield Transaction

June 1, 2015 0

Armtec Announces Closing of Brookfield Transaction Canada NewsWire CONCORD, ON, June 1, 2015 CONCORD, ON , June 1, 2015 /CNW/ – Armtec Infrastructure Inc. (the “Company”) today announces that it has closed the sale of substantially all of its assets to Armtec LP (“New Armtec”), an affiliate of Brookfield Capital Partners Fund III LP. The principal terms of this transaction (the “Brookfield Transaction”) were previously disclosed in the Company’s news releases dated February 25, 2015 and April 29 , 2015 […]

Mergers & Acquisitions

K-Swiss Global Brands Acquires ONE-Distribution Including SUPRA Footwear And KR3W Denim Co., Announces New Brand President

June 1, 2015 0

K-Swiss Global Brands Acquires ONE-Distribution Including SUPRA Footwear And KR3W Denim Co., Announces New Brand President PR Newswire WESTLAKE VILLAGE, Calif., June 1, 2015 WESTLAKE VILLAGE, Calif. , June 1, 2015 /PRNewswire/ — K-Swiss Global Brands (KSGB), also known as K-Swiss Inc., a division of E.Land Group, is pleased to announce its acquisition of ONE-Distribution, a leading skate-inspired apparel and footwear manufacturer and parent company of KR3W Denim Co. (KR3W) and SUPRA Footwear (SUPRA). […]

Stock Analysts

Gilead Reveals Encouraging Data from Leukemia Study

June 1, 2015 0

Gilead Sciences, Inc. GILD announced positive data from a randomized, controlled, open-label phase III study (Study 119) evaluating the efficacy and safety of Zydelig in combination with Novartis’ (NVS) Arzerra in treatment-experienced patients suffering from chronic lymphocytic leukemia (CLL). […]

Stock Analysts

BofA Fined by OCC for Improper Debt-Collection Practices

June 1, 2015 0

Bank of America Corporation BAC has been penalized by the Office of the Comptroller of the Currency (“OCC”) for violation of consumer protection laws. The bank will pay $30 million and improve compliance practices as well as reimburse excess interest payments and fees to nearly 73,000 affected customers. BofA had been accused of failure to comply with the Servicemembers Civil Relief Act (“SCRA”), due to lack of proper policies and procedures […]