Mergers & Acquisitions

Goodrich Petroleum Announces Results To Date And Extension Of Tender Offer Period

Goodrich Petroleum Announces Results To Date And Extension Of Tender Offer Period PR Newswire HOUSTON, March 31, 2016 HOUSTON , March 31, 2016 /PRNewswire/ — Goodrich Petroleum Corporation (OTC Markets: GDPM) (the “Company”) today announced results to date and that it is extending the expiration date of its previously announced offers to exchange newly issued shares of common stock, par value $0.20 per share (the “Common Stock”), for any and all of its Existing Unsecured Notes (as defined below) (the “Unsecured Notes Exchange Offers”) and for any and all shares of its Existing Preferred Stock (as defined below) (the “Preferred Exchange Offers,” and together with the Unsecured Notes Exchange Offers, the “Exchange Offers”). The Company has amended the expiration of the tender offers until 5:00 p.m. , New York City time, on April 8, 2016 to coincide with the Special Shareholders Meeting scheduled for the same day […]

Mergers & Acquisitions

Marriott and Starwood Both Support and Encourage Shareholders to Vote for Merger on April 8, 2016

Marriott and Starwood Both Support and Encourage Shareholders to Vote for Merger on April 8, 2016 Marriott and Starwood to Host Investor Meeting and Webcast to Discuss Merits of Transaction on Friday, April 1 at 9:00 AM ET PR Newswire BETHESDA, Md., March 31, 2016 BETHESDA, Md. , March 31, 2016 /PRNewswire/ — Marriott International, Inc. (NASDAQ: MAR) and Starwood Hotels & Resorts Worldwide, Inc. […]

Mergers & Acquisitions

Select Medical Holdings Corporation Announces Sale of its Contract Therapy Business

Select Medical Holdings Corporation Announces Sale of its Contract Therapy Business PR Newswire MECHANICSBURG, Pa., March 31, 2016 MECHANICSBURG, Pa. , March 31, 2016 /PRNewswire/ — Select Medical Holdings Corporation (NYSE: SEM) today announced that it, along with its wholly-owned subsidiaries Select Medical Corporation and Select Medical of New York , Inc., have entered into a Stock Purchase Agreement and sold its contract therapy business to an affiliate of Encore Rehabilitation Services, LLC, a portfolio company of Revelstoke Capital Partners LLC, for $65.0 million in cash, subject to certain adjustments in accordance with the terms set forth in the Stock Purchase Agreement. The Stock Purchase Agreement also provides for an earn-out of up to an aggregate of $7.5 million payable to Select Medical Corporation based on the contract therapy business meeting certain revenue thresholds from 2016 to 2018 […]

Stock Analysts

Cummins & Olayan to Form Joint Venture in the Middle East

Share price of Cummins Inc. CMI increased 1.4% to $109.93 on Mar 29 after the company announced a joint venture with The Olayan Group. The companies will form a 50:50 joint venture company, Cummins Arabia, which will consolidate distribution operations in three countries in the Middle East, namely United Arab Emirates (UAE), Saudi Arabia and Kuwait. […]

Stock Analysts

Microsoft Focuses on Conversational Intelligence at Build 2016

Microsoft Corp. MSFT CEO Satya Nadella and executive VP of Windows and Devices Group Terry Myerson announced new updates to Windows 10 on Wednesday, underscoring the company’s aim to combine machine intelligence with human language. They were addressing developers at Build 2016, Microsoft’s annual mega-gathering of developers […]

Mergers & Acquisitions

Blackhawk Network Acquires Extrameasures

Blackhawk Network Acquires Extrameasures Acquisition will expand Blackhawk’s growing incentives portfolio PR Newswire PLEASANTON, Calif., March 31, 2016 PLEASANTON, Calif. , March 31, 2016 /PRNewswire/ — Blackhawk Network , a leading prepaid and payments network, announced today that it has acquired extrameasures , a prepaid consumer promotions and incentives company. Through its customized rebate programs, extrameasures offers Visa prepaid cards and private label merchant-specific reward and gift cards with a proprietary platform to help businesses drive consumer acquisition, engagement and loyalty […]

Stock Analysts

McCormick (MKC) Raises its Offer by 25% for Premier Foods

McCormick & Co., Inc. MKC has announced that it is raising the bid to acquire British food manufacture Premier Foods PLC by 25%, calling on the Premier Foods’ board to engage in talks that could lead to a recommended offer. The U.S.-based spice maker McCormick had approached Premier Foods twice, first in February and then again in March, but the latter rejected the offer and instead joined forces with Japan’s Nissin Foods Holdings Co., which has now become Premier's largest shareholder. […]

Stock Analysts

AptarGroup (ATR) at 52-Week High on Strong Prospects

Shares of AptarGroup, Inc. ATR scaled a new 52-week high of $79.04 on Mar 30, eventually closing at $78.73. The stock price appreciation continues to come on the back of expected benefits from broad product diversification, expansive geographic reach and the company’s focus on reducing costs. […]

Stock Analysts

Jazz’s Hepatic VOD Drug Defitelio Gains FDA Nod, Shares Up

Jazz Pharmaceuticals plc JAZZ announced that the FDA has approved Defitelio (defibrotide sodium) for the treatment of adult and pediatric patients suffering from hepatic veno-occlusive disease (VOD; also known as sinusoidal obstruction syndrome) with renal or pulmonary dysfunction following hematopoietic stem-cell transplantation (HSCT). The company’s shares were up 2.6% on the news. This makes Defitelio the first and only FDA-approved therapy for this rare and life-threatening complication having a mortality rate of 84%. […]

Mergers & Acquisitions

J.F. Lehman & Company Acquires American Scaffold

J.F. Lehman & Company Acquires American Scaffold PR Newswire NEW YORK, March 31, 2016 NEW YORK , March 31, 2016 /PRNewswire/ — J.F. Lehman & Company (“JFLCO”), a leading middle-market private equity firm focused on the defense, aerospace and maritime sectors, announced today that it has acquired American Scaffold in partnership with company management. […]