Mergers & Acquisitions

Radio Systems Corporation Acquires Piddle Place™

Radio Systems Corporation Acquires Piddle Place™ Leading pet brand expands waste management portfolio with award-winning indoor pet toilet PR Newswire KNOXVILLE, Tenn., May 31, 2016 KNOXVILLE, Tenn. , May 31, 2016 /PRNewswire/ — Radio Systems Corporation (RSC), an industry leader in the development of innovative pet behavioral, containment and lifestyle products through its PetSafe Brand , Invisible Fence Brand and SportDOG Brand , has acquired Piddle Place ™ . […]

Mergers & Acquisitions

Canadian Tire Corporation reports its holdings in CT Real Estate Investment Trust

Canadian Tire Corporation reports its holdings in CT Real Estate Investment Trust Canada NewsWire TORONTO, May 31, 2016 TORONTO , May 31, 2016 /CNW/ – Canadian Tire Corporation, Limited (” CTC “) announces today that since the initial public offering of CT Real Estate Investment Trust (the ” REIT “) on October 23, 2013 (the ” IPO “), it has acquired an additional 2.03% interest in the REIT. On May 31, 2016, CT REIT Limited Partnership (the ” Partnership “), a subsidiary of the REIT, redeemed 200,000 series 2 class C limited partnership units (” Series 2 Class C Units “) of the Partnership, being all of the Series 2 Class C Units, all of which are held by Canadian Tire Holdings IV Limited Partnership (” Holdings IV “), a subsidiary of CTC, for an aggregate redemption price of $200,000,000 (the ” Transaction “). […]

Stock Analysts

Lufthansa, LATAM Airlines to Exit Venezuela, More to Follow?

The Venezuelan economy has been in the doldrums for quite some time with the onslaught not sparing airlines with operations there. The Venezuelan government apparently owes over $3.5 billion in revenues (from ticket sales) to airlines. Naturally, this has compelled many carriers to trim capacity/suspend operations in the country, dealing a heavy blow to the nation’s tourism sector […]

Mergers & Acquisitions

MGM Resorts International And MGM Growth Properties LLC Announce Transactions To Acquire Borgata Hotel Casino & Spa

MGM Resorts International And MGM Growth Properties LLC Announce Transactions To Acquire Borgata Hotel Casino & Spa PR Newswire LAS VEGAS, May 31, 2016 LAS VEGAS , May 31, 2016 /PRNewswire/ — MGM Resorts International (NYSE: MGM) and MGM Growth Properties LLC (NYSE: MGP) today announced that MGM Resorts has entered into a definitive agreement to acquire Boyd Gaming Corporation’s (“Boyd Gaming”) (NYSE:BYD) 50 percent interest in Borgata Hotel Casino & Spa (“Borgata”) in Atlantic City, New Jersey for consideration of $900 million . Further, MGM Resorts and MGP have entered into a definitive agreement whereby, following the completion of the acquisition of Boyd Gaming’s interest, MGP will acquire Borgata’s real property from MGM Resorts and lease back the real property to a subsidiary of MGM Resorts, after which a subsidiary of MGM Resorts will operate Borgata (together, the “Transactions”). MGM Resorts will pay approximately $600 million for Boyd Gaming’s 50 percent interest, subject to customary working capital adjustments, after consideration of Borgata’s outstanding debt of approximately $600 million , which MGM Resorts will assume and refinance. […]

Mergers & Acquisitions

eLong Announces Completion Of Going Private Transaction

eLong Announces Completion Of Going Private Transaction PR Newswire BEIJING, May 31, 2016 BEIJING , May 31, 2016 /PRNewswire/ — eLong, Inc. (“eLong” or the “Company”) (NASDAQ: LONG), a leading mobile and online travel service provider in China , today announced the completion of its merger (the “merger”) with China E-dragon Mergersub Limited (“Merger Sub”), a wholly-owned subsidiary of China E-dragon Holdings Limited (“Parent”), pursuant to the agreement and plan of merger (the “merger agreement”) dated February 4, 2016 and amended on April 1, 2016 by and among Parent, Merger Sub and the Company. […]

Mergers & Acquisitions

Boyd Gaming To Sell Its 50% Interest In Borgata

Boyd Gaming To Sell Its 50% Interest In Borgata PR Newswire LAS VEGAS, May 31, 2016 LAS VEGAS , May 31, 2016 /PRNewswire/ — Boyd Gaming Corporation (“Boyd Gaming”) (NYSE: BYD) today announced that it has entered into a definitive agreement to sell its 50% equity interest in Marina District Development Holding Company, LLC, the parent company of Borgata Hotel Casino & Spa in Atlantic City, New Jersey , to MGM Resorts International (NYSE: MGM)for consideration of $900 million , as well as a 50% share of any future property tax settlement benefits received by Borgata. Boyd Gaming expects to initially receive approximately $600 million in net cash proceeds from the transaction, after deducting its share of Borgata’s currently outstanding debt. These initial proceeds do not include Boyd Gaming’s potential share of future property tax settlement benefits […]

Mergers & Acquisitions

POLYCOM INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Polycom, Inc.

POLYCOM INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Polycom, Inc. PR Newswire NEW ORLEANS, May 31, 2016 NEW ORLEANS , May 31, 2016 /PRNewswire/ — Former Attorney General of Louisiana Charles C. […]

Mergers & Acquisitions

SCIQUEST INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SciQuest, Inc.

SCIQUEST INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SciQuest, Inc. PR Newswire NEW ORLEANS, May 31, 2016 NEW ORLEANS , May 31, 2016 /PRNewswire/ — Former Attorney General of Louisiana Charles C. Foti, Jr., Esq […]

Stock Analysts

Technology Stock Roundup: GOOGL Win, YHOO Sale, AAPL India

Last week, the jury gave Alphabet GOOGL a long-awaited win against Oracle ORCL even as AT&T T started bidding for Yahoo YHOO and Apple AAPL stores in India suffered a slight setback. Here are the top stories- Google Wins in Court Google and Oracle have been fighting it out for six years over Google’s use of Java application programming interfaces (APIs) in Android. […]

Stock Analysts

4 Bank Stocks to Buy on Yellen’s Rate Hike Signal

Rate hike continues to be a topic of much disputation ever since the Federal Reserve hiked the interest rate for the first time in almost a decade last December. As each Fed meeting approaches, the dollar is seen to strengthen, mortgage rates move up and gold falls, only to be later disappointed by the Fed’s cautious stance. However, this time things look quite optimistic […]