Month: December 2015

Shares of integrated energy company, EQT Corporation EQT touched a 52-week low of $56.93 per share on Nov 30, to finally close a tad higher at $57.22. Volume was also upsized with about 1.5 million shares changing hands. What Led to the Share Price Decline? […]

Leading manufacturer of analytical instruments and software Waters Corp. WAT recently opened an office in Kuala Lumpur, Malaysia, to better serve its customers in the country. Water Corp.’s long-term partner, Research Instruments Sdn. […]

Koninklijke Philips N.V. PHG recently introduced ScanWise Implant, a Magnetic Resonance Imaging (MRI)-guided user interface and automatic scan parameter selection device, at the ongoing 100th annual meeting of the Radiological Society of North America (“RSNA”) in Chicago. The first-of-its kind device is the latest addition to the company’s diagnostic imaging solutions portfolio. […]

Royal Dutch Shell plc RDS.A will likely get approvals from the regulators of China and Australia before Christmas to proceed with the acquisition of BG Group plc − a leading upstream energy player in the UK – going by The Telegraph. The prospects of the BG buyout will rest on shareholders once the Chinese and Australian regulators give the green signal. […]

We issued an updated research report on DaVita HealthCare Partners Inc. DVA on Dec 1, 2015. Last month, the company reported third-quarter 2015 earnings that surpassed the Zacks Consensus Estimate and improved year over year on improved top line, which in turn was attributable to rise in patient service revenues and capitated revenues. […]

On Nov 28, Zacks Investment Research downgraded Enerplus Corporation ERF – an upstream energy player – to a Zacks Rank #5 (Strong Sell). Why the Downgrade? Being an exploration and production company, Enerplus generates cash flows by selling oil and natural gas it produces. […]

On Dec 1, we uploaded our updated research report on the health insurer Aetna Inc. AET . Aetna is due to acquire another major player in the industry – Humana Inc. […]

The Blackstone Group L.P. BX recently announced its acquisition of Armacell, a Germany-based producer of flexible insulation foams, from European private equity investment firm, Charterhouse Capital Partners. According to sources, Armacell had attracted interest from The Carlyle Group LP CG and KKR & Co […]

The Macerich Company MAC recently announced that Tysons Corner Center has grabbed the 2015 Award of Excellence for “Best Building Mixed-Use Project” from the Northern Virginia Chapter of NAIOP, the association of owners, developers and investors in commercial real estate. In fact, with the latest honor, the first phase of the mixed-use expansion at Tysons Corner Center received five major industry awards. […]

Express Scripts Holding Company ESRX announced that it has entered into a partnership with Imprimis Pharmaceuticals IMMY to provide a low-cost formulation of Daraprim. We note that Daraprim is approved for the treatment of toxoplasmosis. Earlier, Daraprim had been priced at $13.50 per pill. […]

Lear Corp. LEA announced the acquisition of automotive technology company, Arada Systems. Based in Troy, MI, Arada Systems focuses on Vehicle-to-Vehicle and Vehicle-to-Infrastructure (V2X) communications […]

Ford Motor Co. F announced that it will invest $1.3 billion in its Kentucky Truck Plant for the production of the 2017 Ford F-Series Super Duty truck that will be sold from late 2016. […]

In a bid to boost its balance sheet strength, Chatham Lodging Trust CLDT has closed a new $250-million senior unsecured revolving credit facility, replacing the prior $175-million secured credit facility scheduled to mature in 2016. The new credit facility, slated to mature in Nov 2020, has an extension option of one year. This facility not only lowers the Palm Beach, FL-based hotel real estate investment trust’s (“REIT”) annual interest expenses, but also enhances its capacity to raise shareholders’ value […]

Pioneer Natural Resources Company PXD announced that it has priced an offering of a billion dollar worth of Senior Notes in two tranches. Of this, $500 million of 3.45% Senior Notes will mature on Jan 15, 2021, and $500 million of 4.45% Senior Notes will mature on Jan 15, 2026. The price to the public for the 2021 Notes was settled at 99.750% of the principal amount, and the price to the public for the 2026 Notes was settled at 99.889% of the principal amount. […]

Frontier Communications Corporation FTR , primarily serving wireline telephone communication in the rural regions of the U.S., announced a credit of up to $10 in the first month for customers availing services from its select range of security products. The discount will be available on Frontier’s Computer Security, Content Anywhere, Identity Protection, Equipment Protection Plans, and Premium Technical Support services. […]

BP plc BP announced the completion of the transaction to farm in a stake of 20% of Taas-Yuryakh Neftegazodobycha LLC from Rosneft. The deal was inked in Jun 2015. […]