Month: August 2015

Mergers & Acquisitions

Red Eagle Mining Extends Offer to Acquire CB Gold

August 4, 2015 0

Red Eagle Mining Extends Offer to Acquire CB Gold PR Newswire VANCOUVER, August 4, 2015 VANCOUVER , August 4, 2015 /PRNewswire/ – Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) announces that it is extending the expiry of its share exchange takeover bid (the ” Offer “) to acquire all of the issued and outstanding common shares (” Shares “) of CB Gold Inc. (” CB Gold “) from August 5, 2015 to August 31 , 2015. This will make the Offer a ‘permitted bid’ under CB Gold’s shareholder rights plan […]

Mergers & Acquisitions

Keating Muething & Klekamp Represents Cintas In Acquisition Of Zee Medical From McKesson Corp For Approximately $130 Million

August 3, 2015 0

Keating Muething & Klekamp Represents Cintas In Acquisition Of Zee Medical From McKesson Corp For Approximately $130 Million PR Newswire CINCINNATI, Aug. 3, 2015 CINCINNATI , Aug. 3, 2015 /PRNewswire/ — The Cincinnati law firm of Keating Muething & Klekamp PLL (KMK Law ) represented Cintas Corporation in connection with its purchase of ZEE Medical from McKesson Corporation for consideration of approximately $130 million […]

Stock Analysts

Cintas (CTAS) Acquires ZEE Medical for $130M

August 3, 2015 0

Cintas Corporation CTAS recently acquired ZEE Medical — a van-based provider of occupational first aid and safety products, training and services, for approximately $130 million in cash. The strategic move by the company is aimed to expand its presence in North America in the first aid, safety, training and emergency products. This acquisition is expected to be accretive to future earnings and also likely to generate annual revenue of $110 million to $120 million […]

Stock Analysts

Goldman (GS) May Shell Out $270M to Settle MBS Suit

August 3, 2015 0

Putting an end to a legal tussle, The Goldman Sachs Group, Inc. GS is likely to pay around $270 million to settle claims of misguiding investors about the risks related to multi billion dollars worth of residential mortgage-backed securities (MBS). The news was first reported by Bloomberg on Friday, citing two people familiar with the matter. […]

Stock Analysts

150 Layoffs at Barclays: Will Cost Savings Boost Growth?

August 3, 2015 0

Barclays PLC BCS apparently made its first round of job cuts under the direction of the new chairman John McFarlane. The British bank is said to have slashed 150 jobs from the investment banking business as part of its plan to speed up the cost-cutting initiative undertaken by former Chief Executive Antony Jenkins. Senior employees such as the London-based global head of asset allocation research and a managing director for interest rate sales in New York were among those who were shown the door, as reported by Bloomberg . […]

Stock Analysts

Google Offering Enterprise Edition of Glass?

August 3, 2015 0

Per reports, Google GOOGL is secretly distributing the new enterprise model of the Glass headset to businesses manufacturing, energy and health care fields. Earlier this year, the company decided to discontinue the sale of the first version of Glass and closed the Explorer program. […]

Stock Analysts

Is It Prudent to Continue Holding Atmel (ATML) Stock?

August 3, 2015 0

On Aug 3, 2015, Zacks Investment Research downgraded touchscreen chipmaker Atmel Corporation ATML to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold), primarily on the back of disappointing second-quarter 2015 results. Despite the relative weakness, the stock is currently trading at a forward P/E of 24.1x with long-term earnings growth expectation of 20.0%, which signify its inherent long-term growth potential. Why the Downgrade? […]