The Dow Chemical Company DOW successfully completed the restructuring of Dow Corning, increasing its 50% stake to 100% in the company’s silicone business. The business was previously owned equally by Dow Chemical and Corning Inc. […]
In line with its endeavors to strengthen its whisky portfolio, Brown-Forman Corporation BF.B concluded its previously announced buyout of The BenRiach Distillery Company Limited, for a price of £281 million. This acquisition, which was first announced in Apr 2016, has added superior Single Malt Scotch Whisky names, including The GlenDronach, BenRiach and Glenglassaugh, to Brown-Forman’s kitty. In fact, this buyout has also solidified Brown-Forman’s position with brand trademarks, a bottling plant, three malt distilleries, and the Scottish headquarters of the acquired company […]
PG&E Corporation PCG scaled a new 52-week high of $60.32 during yesterday’s trading session, before closing a tad lower at $60.31. This San Francisco, CA-based company engages in the generation, procurement and distribution of electricity and natural gas. […]
Brazil-based Embraer SA ERJ announced that it will close its business jet production factory in Harbin, China, citing low demand for private jets in the country due to a lack of government incentives as the primary reason. The company’s shares hit a new 52-week low of $20.56 yesterday, before closing at $20.79, down 0.14% from the closing price of Tuesday’s trading session. With the shutdown of this facility, Embraer ended the joint venture with Chinese partner Aviation Industry Corp’s subsidiaries – Harbin Aviation Industry (Group) Co., Ltd. […]
Jones Lang LaSalle Inc. JLL – which shortened its name to “JLL” – disclosed the acquisition of Procofin Oy, a Finnish professional project development and architectural services company. The move expands the company’s footprint in Finland […]
Interactive Brokers Group, Inc. ’s IBKR Electronic Brokerage segment reported a rise in its brokerage metrics for May 2016 on a year-over-year basis. The segment deals with clearance and settling of trades for both individual and institutional clients on a global basis […]
Ally Financial Inc. ALLY closed the deal to acquire TradeKing Group Inc., a digital wealth management firm. The transaction cost the company approximately $275 million […]
Investors want their portfolio to have stocks with a track record of better-than-expected results, surging share price and a favorable recommendation. However, Tiffany & Co. […]
We had learnt in school that “A stitch in time saves nine.” The saying simply means that a timely action can prevent some serious loss later on. How about applying the same principle to your portfolio? Exiting an underperforming stock at the right time helps maximize your portfolio’s returns […]
Johnson & Johnson Announces Agreement to Acquire Vogue International Acquisition Strengthens Position in Hair Care PR Newswire NEW BRUNSWICK, N.J., June 2, 2016 NEW BRUNSWICK, N.J. , June 2, 2016 /PRNewswire/ — Johnson & Johnson (NYSE: JNJ) today announced that Johnson & Johnson Consumer Inc. […]
Noble Acquires 1,396-Room Marriott Hotel Portfolio Select Service and Extended Stay Assets To Receive Product Enhancements PR Newswire ATLANTA, June 2, 2016 ATLANTA , June 2, 2016 /PRNewswire/ — Noble Investment Group (” Noble “) today announced that it has closed on the acquisition of a 1,396-room portfolio of Marriott branded select-service and extended stay hotels from Ashford Hospitality Trust (NYSE:AHT). Noble intends to make experience enhancing product investments throughout the portfolio to further augment revenue and market position. The hotel portfolio includes the 150-room Residence Inn Atlanta Buckhead/Lenox Park; the 146-room Courtyard Edison Woodbridge; the 312-room Courtyard Orlando Lake Buena Vista; the 388-room Fairfield Inn and Suites Orlando Lake Buena Vista; and, the 400-suite Springhill Suites Orlando Lake Buena Vista […]
Luminex Corporation Announces Commencement of Tender Offer for All Outstanding Shares of Nanosphere, Inc. Common Stock PR Newswire AUSTIN, Texas, June 2, 2016 AUSTIN, Texas , June 2, 2016 /PRNewswire/ — Luminex Corporation (NASDAQ: LMNX) announced today that its wholly-owned subsidiary Commodore Acquisition, Inc. has commenced its previously announced tender offer to purchase all outstanding shares of common stock of Nanosphere, Inc […]
SurePath Financial Solutions Announces Merger with Money Management International PR Newswire HOUSTON, June 2, 2016 HOUSTON , June 2, 2016 /PRNewswire-USNewswire/ — SurePath Financial Solutions (SurePath), a nonprofit credit counseling agency headquartered in Camarillo, CA , has announced its decision to join Money Management International (MMI), the nation’s largest nonprofit, full-service credit counseling agency. Formed in 1966, SurePath has proudly provided consumers in Ventura , Santa Cruz , and Santa Clara counties with financial education programs, debt management assistance, budget counseling, housing solutions, bankruptcy education, and financial coaching for 50 years. “We are very excited about the possibilities this merger represents,” said Brenda Lopez , CEO of SurePath. […]
Integrity Digital Solutions Terminates Intent to Be Acquired by Alphaeon Corporation Integrity Digital Solutions, LLC, developer of the Integrity EMR for Eyes solution for ophthalmology practices, has terminated its intent to be acquired by ALPHAEON Corporation. PR Newswire TEMPLE, Texas, June 2, 2016 TEMPLE, Texas , June 2, 2016 /PRNewswire/ — Integrity Digital Solutions, LLC, developer of the Integrity EMR for Eyes solution for ophthalmology practices, has terminated its intent to be acquired by ALPHAEON Corporation. Logo – http://photos.prnewswire.com/prnh/20160531/373897LOGO “We are confirming that we no longer intend to be acquired by ALPHAEON […]
Royal Caribbean to Sell Legend of the Seas PR Newswire MIAMI, June 2, 2016 MIAMI , June 2, 2016 /PRNewswire/ — Royal Caribbean Cruises Ltd. (NYSE: RCL) announced today that it has entered into an agreement to sell its cruise ship Legend of the Seas to Thomson Cruises in the spring of 2017. […]
TechInsights and Chipworks combine to become a global leader in technical intelligence and patent advisory services PR Newswire OTTAWA, Ontario, June 2, 2016 OTTAWA, Ontario , June 2, 2016 /PRNewswire/ — TechInsights and Chipworks announce the combination of their businesses creating a global leader in advanced technology intelligence and technology founded patent advisory services. Ownership interests are being pooled and the new company, operating under the TechInsights name, offers: – the most extensive database of technology intelligence of electronics and, especially, of integrated circuits at micro level of detail; – leading reverse engineering and analysis laboratories, staffed by scientists and equipped with patented techniques and sophisticated instruments capable of analyzing state of the art semiconductor, microelectronic, and software technologies; – An unmatched team of experts in key technology disciplines and in patent licensing and patent litigation best practices. Experts who monitor the latest developments in their areas of specialization, analyze technology, and identify trends supporting innovation creation, protection and licensing […]
Weatherford Prices Upsized Public Offering of $1.1 Billion of Exchangeable Senior Notes and Increases Aggregate Purchase Price of Cash Tender Offers PR Newswire BAAR, Switzerland, June 1, 2016 BAAR, Switzerland , June 1, 2016 /PRNewswire/ — Weatherford International plc (NYSE: WFT) (the “Company” or “Weatherford”) announced today the pricing of an upsized underwritten public offering (the “Offering”) of $1.1 billion aggregate principal amount of exchangeable senior notes due 2021 (the “Notes”) by Weatherford International Ltd., a Bermuda exempted company and indirect, wholly owned subsidiary of the Company (“Weatherford Bermuda”). The underwriters have an option for 30 days to purchase up to an additional $165 million aggregate principal amount of Notes. […]
Jeppesen Completes Sale Of Its Marine Business To Digital Marine Solutions PR Newswire ENGLEWOOD, Colo., June 1, 2016 ENGLEWOOD, Colo. , June 1, 2016 /PRNewswire/ — Jeppesen, a subsidiary of The Boeing Company, today announced that it has completed the sale of its marine business to Digital Marine Solutions. Under Digital Marine Solutions, the former Jeppesen Marine will trade under the C-Map brand name […]
Concordia Healthcare Completes Acquisition of Four Generic Products PR Newswire OAKVILLE, ON, June 1, 2016 OAKVILLE, ON , June 1, 2016 /PRNewswire/ – Concordia Healthcare Corp. (“Concordia” or the “Company”) (NASDAQ: CXRX) (TSX: CXR), an international pharmaceutical company focused on legacy pharmaceutical products and orphan drugs, announced today that it has completed the acquisition of the global rights to four generic products, as previously announced on May 13, 2016 . These products include Sodium Feredetate oral solution for the treatment of anemia, Trazadone oral solution for the treatment of depression, as well as two additional pipeline products […]
“I Know What You Did Last Summer”. Reminded of the famous 1997 slasher movie? We are not going to talk about it here of course […]
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