Month: September 2016

Mergers & Acquisitions

Evercore Completes Transfer of Ownership and Control of its Mexican Private Equity Business to its Principals

September 30, 2016 0

Evercore Completes Transfer of Ownership and Control of its Mexican Private Equity Business to its Principals PR Newswire NEW YORK, Sept. 30, 2016 NEW YORK , Sept. 30, 2016 /PRNewswire/ — Evercore (NYSE: EVR) and the principals of its Mexican private equity business, Evercore Mexico Capital Partners (“EMCP”), today announced the completion of the transfer of control of the business to Glisco Partners Inc. […]

Mergers & Acquisitions

Sony Corporation and Jackson Estate Announce Closing of Sony’s Purchase of Remaining 50% Interest in Sony/ATV Music Publishing

September 30, 2016 0

Sony Corporation and Jackson Estate Announce Closing of Sony’s Purchase of Remaining 50% Interest in Sony/ATV Music Publishing PR Newswire NEW YORK, Sept. 30, 2016 NEW YORK , Sept. 30, 2016 /PRNewswire/ — Sony Corporation (“Sony”) and the Estate of Michael Jackson (“the Estate”), today announced that following the satisfaction of applicable closing conditions, including the receipt of regulatory approvals, Sony Corporation of America (“SCA”), Sony’s wholly owned subsidiary, has closed on the purchase of the remaining 50% interest in Sony/ATV Music Publishing LLC (“Sony/ATV”) from the Estate. […]

Mergers & Acquisitions

Monster Worldwide Recommends Stockholders Tender Into Randstad Offer

September 30, 2016 0

Monster Worldwide Recommends Stockholders Tender Into Randstad Offer PR Newswire WESTON, Mass., Sept. 30, 2016 MNG’s Consent Solicitation is an Attempt to Derail the Randstad Offer and Take Control of the Company Without Paying a Control Premium MNG has Not Made an Offer to Acquire Monster – the Randstad Transaction is the Single Best Offer on the Table MNG has No Plan to Maximize Value for Stockholders; MNG’s Tactics Undermine the Deal and are Likely to Destroy Value Monster Board of Directors Unanimously Recommends that Stockholders Tender into Randstad Offer, Which Offers Immediate and Certain Cash Value WESTON, Mass. , Sept. […]

Stock Analysts

Aon Unveils Cyber Liability Insurance to Protect Businesses

September 30, 2016 0

Aon Risk Solutions, the global risk management business of Aon plc AON , has launched an insurance policy aimed at protecting businesses from cyber risk. The product – Aon Cyber Enterprise Solution – is the first-of-its-kind insurance policy for property/casualty and Internet of Things. This product will provide cyber solution for property, products liability, supply chain risk, technology platforms and information/physical assets. […]

Stock Analysts

Moody’s (MCO) Ups Guidance on Higher Issuance Activity

September 30, 2016 0

Moody’s Corporation MCO has upgraded some aspects of its outlook for 2016 driven by its cost-cutting efforts as well as an increase in issuance activity. Moody’s now expects GAAP earnings per share to be in the range of $4.70 to $4.80 compared with $4.55 to $4.65 projected earlier. Excluding one-time items, earnings are expected to be in the range of $4.55 to $4.65 […]

Stock Analysts

TriMas’ (TRS) Facility Consolidation to Boost Performance

September 30, 2016 0

TriMas Corporation TRS , a manufacturer and distributor of engineered and applied products has initiated facility consolidation actions to more efficiently utilize existing locations and better serve its customers. Consolidation Details The actions are incremental to certain facility closure and consolidation efforts completed over the past year as part of TriMas’ Financial Improvement Plan (FIP). […]

Stock Analysts

Student REITs 2016-2017 Leasing Term: How Has it Been?

September 30, 2016 0

Recently, American Campus Communities, Inc. ACC and EdR EDR , the reputed student housing REITs, have come up with their leasing updates for academic year 2016-2017. American Campus Communities announced that the company’s 2017 same-store wholly owned portfolio was 97.3% leased as of Sep 26, 2016, as against 97.0% leased as of Sep 30, 2015 […]

Stock Analysts

Ford (F) Announces Two Separate Recalls in North America

September 30, 2016 0

Ford Motor Co. F has issued two recalls related to safety and safety compliance in North America. The safety recall is for certain 2014 Ford Transit Connect vehicles to reinstall their panoramic roofs, while the safety compliance recall is for certain 2013−2017 Ford Focus hatchback and Ford Focus RS vehicles with manual transmissions which require updates to the hatchback interior release software. […]

Stock Analysts

KB Home’s Inorganic Plans Drive Growth, Macro Woes Stay

September 30, 2016 0

On Sep 29, we issued an updated research report on Los Angeles, CA-based homebuilder KB Home KBH . KB Home operates through its operational business model – KBnxt – which initiates construction work only after the signing of a purchase agreement. Hence, the company’s built-to-order approach gives competitive advantage […]