Mergers & Acquisitions

CDPQ acquires a 44% interest in Australian company Greenstone

CDPQ acquires a 44% interest in Australian company Greenstone Canada NewsWire SYDNEY, AUSTRALIA and MONTRÉAL, June 7, 2016 SYDNEY , AUSTRALIA and MONTRÉAL, June 7, 2016 /CNW Telbec/ – Caisse de d pôt et placement du Qu bec (CDPQ) announced today it is acquiring a 44% interest in Greenstone, one of Australia’s leading insurance distributors. Under the continued leadership of its two founders, Richard Enthoven and Gavin Donnelly , who will remain majority shareholders in the Greenstone business. Since it was established in 2007, Greenstone has focused on developing simple and affordable insurance products for the Australian public. […]

Mergers & Acquisitions

Banco Pan Announces the Early Tender Results of the Tender Offer for its 8.50% Subordinated Notes due 2020

Banco Pan Announces the Early Tender Results of the Tender Offer for its 8.50% Subordinated Notes due 2020 PR Newswire SAO PAULO, June 7, 2016 SAO PAULO , June 7, 2016 /PRNewswire/ — BANCO PAN S.A. (a corporation (companhia aberta de capital autorizado) incorporated under the laws of the Federative Republic of Brazil ) Offer to Purchase for Cash Up to U.S. $100,000,000 in aggregate principal amount of Banco Pan S.A.’s Outstanding 8.50% Subordinated Notes due 2020 (CUSIP: 05965RAB8 and P14996AG0; ISIN: US05965RAB87 and USP14996AG02) (the “Notes”) Banco Pan S.A […]

Mergers & Acquisitions

Rio Tinto launches new cash tender offers for up to $3 billion of its 2018, 2020, 2021 and 2022 notes

Rio Tinto launches new cash tender offers for up to $3 billion of its 2018, 2020, 2021 and 2022 notes PR Newswire LONDON, June 7, 2016 LONDON , June 7, 2016 /PRNewswire/ — Rio Tinto is continuing to use its strong liquidity position to reduce gross debt, by today commencing cash tender offers to purchase up to $3 billion of its 2018, 2020, 2021 and 2022 US dollar -denominated notes. Today’s announcement is part of the Rio Tinto Group’s ongoing capital management and follows the successful completion of cash tender offers launched in April to purchase $1.5 billion of its 2017 and 2018 notes. Rio Tinto Finance ( USA ) plc and Rio Tinto Finance ( USA ) Limited (each a ” Company ” and together, the ” Companies “) are making the offers to purchase the outstanding securities listed in the tables below, each guaranteed by Rio Tinto plc and Rio Tinto Limited (the ” Securities “) […]

Stock Analysts

Affiliated Managers to Buy Minority Stake in 5 Hedge Funds

Affiliated Managers Group Inc. AMG has announced a deal to acquire minority equity stakes in five alternative investment firms from Petershill Fund I. The company will be paying $800 million in cash for the stakes in U.K.-based Winton Capital Group Ltd., Capula Investment Management LLP and CapeView Capital LLP; and U.S.-based Partner Fund Management, L.P […]

Stock Analysts

Host Hotels Closes Sale of 3 Non-Core Hotels for $175M

Host Hotels & Resorts, Inc. HST has made the announcement of closing the sale of three non-core hotels for around $175 million. This sale is in sync with the Bethesda, MD-based lodging real estate investment trust’s (“REIT”) strategy of enhancing its portfolio and creating value for its shareholders In fact, over the past one year, the company profitably divested over $1.2 billion of non-core assets, which raised its portfolio quality. […]

Technicals

Why Tailored Brands (TLRD) Could Be a Top Value Stock Pick

Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends? Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Tailored Brands, Inc. […]

Mergers & Acquisitions

Zimmer Biomet To Acquire LDR To Enhance Innovation And Growth Of Spine Business

Zimmer Biomet To Acquire LDR To Enhance Innovation And Growth Of Spine Business – Significantly Expands Portfolio of Innovative Solutions for $10 Billion Spine Market – Positions Company to Capitalize on Faster Growing Spine Segments, including Cervical Disc Replacement – Companies to Host Conference Call at 8:00 AM ET PR Newswire WARSAW, Ind. and AUSTIN, Texas, June 7, 2016 WARSAW , Ind. and AUSTIN, Texas , June 7, 2016 /PRNewswire/ — Zimmer Biomet Holdings, Inc. […]

Stock Analysts

FEMSA (FMX) Buys Big John, Enhances Operations in Chile

In an attempt to strengthen its portfolio, F omento Económico Mexicano, S.A.B de C.V FMX , also known as FEMSA, acquired a leading convenience store operator, Big John. Based in Santiago, Chile, Big John is a grocery store that operates about 49 outlets, particularly in the Santiago metropolitan region. […]

Mergers & Acquisitions

Walker & Dunlop to Acquire $3.8 Billion HUD Servicing Portfolio

Walker & Dunlop to Acquire $3.8 Billion HUD Servicing Portfolio PR Newswire BETHESDA, Md., June 7, 2016 BETHESDA, Md. , June 7, 2016 /PRNewswire/ — Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that it has agreed to purchase the commercial mortgage servicing rights associated with a $3.8 billion servicing portfolio from Oppenheimer Multifamily Housing & Healthcare Finance, Inc […]

Momentum Stocks

Bull of the Day: Dycom (DY)

Dycom Industries, Inc. ( DY ) is cashing in on the strength in US construction. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by the double digits both this fiscal year and next. […]

Mergers & Acquisitions

Elsevier Acquires Laboratory Data Management Tool Hivebench

Elsevier Acquires Laboratory Data Management Tool Hivebench PR Newswire AMSTERDAM, June 7, 2016 AMSTERDAM , June 7, 2016 /PRNewswire/ — Integration W ith Elsev ier’s Research Data Management Portfolio H elps Researchers Prepare, Conduct and Analyze Experiments, Methods, and Protocols in One Place, Saving Them Valuable T ime Elsevier , a world-leading provider of scientific, technical and medical information products and services, announced today the acquisition of Hivebench , the flagship product of researcher application developer Shazino , based in Lyon, France . This tool will be integrated into Elsevier’s existing Research Data Management portfolio, resulting in the further enhancement of the researcher experience. Hivebench is a digital laboratory notebook that helps researchers prepare, conduct and analyze experiments, methods, and protocols in one place, saving them valuable time. […]