Mergers & Acquisitions

Bank of Portugal Names Lone Star Funds Preferred Bidder For Novo Banco

Bank of Portugal Names Lone Star Funds Preferred Bidder For Novo Banco PR Newswire NEW YORK and LISBON, Portugal, Jan. 5, 2017 NEW YORK and LISBON, Portugal , Jan. 5, 2017 /PRNewswire/ — Lone Star Funds today issued the following statement from Oliver Brahin , president of Lone Star for Europe , on Lone Star’s selection by the Bank of Portugal as the preferred bidder for the acquisition of Novo Banco , S.A.: “We will continue to work tirelessly with the Bank of Portugal , the Resolution Fund, and the Portuguese Government to confirm a final agreement to support Novo Banco for the long-term benefit of its customers, employees, creditors, and the overall Portuguese economy […]

Mergers & Acquisitions

Novanta to Acquire the RFID Assets of Trimble

Novanta to Acquire the RFID Assets of Trimble PR Newswire BEDFORD, Mass., Jan. 5, 2017 – Agrees to acquire leading provider of RFID solutions to Original Equipment Manufacturers – Significantly deepens Novanta’s presence in a fast growing technology within the medical market BEDFORD, Mass. […]

Mergers & Acquisitions

Stanley Black & Decker Reaches Agreement To Purchase Craftsman Brand From Sears Holdings

Stanley Black & Decker Reaches Agreement To Purchase Craftsman Brand From Sears Holdings – Stanley Black & Decker to develop, manufacture and sell Craftsman-branded products in non-Sears Holdings channels – Sears Holdings to continue sourcing and selling Craftsman-branded products in all its retail channels under perpetual license agreement – Agreement consists of $525 million cash payment at closing, $250 million at end of year three, and annual payments to Sears Holdings of between 2.5% and 3.5% on new Stanley Black & Decker sales of Craftsman products through year 15 – Stanley Black & Decker to significantly increase availability and innovation of Craftsman products and add manufacturing jobs in the U.S. to support growth – EPS accretion to Stanley Black & Decker, excluding charges, of approximately $0.10-$0.15 per share in year one, increasing to approximately $0.35-$0.45 by year five and to approximately $0.70-$0.80 by year ten PR Newswire NEW BRITAIN, Conn. and HOFFMAN ESTATES, Ill., Jan […]

Mergers & Acquisitions

Strategas Research Partners, LLC Acquires David Malpass’ Encima Global

Strategas Research Partners, LLC Acquires David Malpass’ Encima Global PR Newswire NEW YORK, Jan. 5, 2017 NEW YORK , Jan. 5, 2017 /PRNewswire/ — Strategas Research Partners, LLC today announced the acquisition of Encima Global, a New York macroeconomic research provider run by former Bear Stearns Chief Economist and appointee to the Reagan and Bush Administrations David Malpass […]

Mergers & Acquisitions

Citizen Watch Company, Ltd., announces newly integrated company – Citizen Watch Company of America, Inc.

Citizen Watch Company, Ltd., announces newly integrated company – Citizen Watch Company of America, Inc. PR Newswire NEW YORK, Jan., 5, 2017 NEW YORK , Jan., 5, 2017 /PRNewswire/ — Citizen Watch Company, Ltd., parent of Bulova Corporation and Citizen Watch Company of America has completed the integration of the two companies into one organization, Citizen Watch Company of America, Inc. The company will do business in the Trade as Citizen Watch America […]

Economic Data

Private Job Data In Focus

Due to the New Year holiday week, the monthly ADP ADP report that usually comes out on Wednesday was released ahead of today’s bell, instead. A total of 153K new private-sector jobs were created in the month of December, far lower than the 168K analysts had expected. November’s big jobs-producing month has been revised down slightly to 215K […]

Mergers & Acquisitions

VStar Entertainment Group Adds Cirque Productions, Famed Cirque Dreams Entertainment Brand to Its Expanding Live Family Entertainment Portfolio

VStar Entertainment Group Adds Cirque Productions, Famed Cirque Dreams Entertainment Brand to Its Expanding Live Family Entertainment Portfolio PR Newswire MINNEAPOLIS, Jan. 5, 2017 MINNEAPOLIS , Jan. 5, 2017 /PRNewswire/ — VStar Entertainment Group (VStar), a leading producer of family-friendly shows, events, experiential installations, mascots and costumes, today announced the acquisition of South Florida -based Cirque Productions, adding the critically acclaimed Cirque Dreams entertainment brand to its portfolio of touring shows and properties […]