Mergers & Acquisitions

Ritter Technology Acquires Tri-State Hose & Fitting

Ritter Technology Acquires Tri-State Hose & Fitting PR Newswire ZELIENOPLE, Pa., April 3, 2017 ZELIENOPLE, Pa. , April 3, 2017 /PRNewswire/ — Ritter Technology, LLC (Ritter), a leading distributor of industrial motion and control products, announced that it has acquired Tri-State Hose & Fitting (Tri-State) located in Munster , Indiana. This acquisition strengthens Ritter’s commitment to provide fluid power hose and connector products to its customer base in the greater Indiana / Illinois region with a special focus on Northwest Indiana . […]

Mergers & Acquisitions

The Engineering Group Segula Technologies Accelerates Its International Expansion

The Engineering Group Segula Technologies Accelerates Its International Expansion The successive acquisitions of Eicher Engineering Solutions Inc. (EES) and Applied Technology Integration (ATI) reinforce its position as global engineering specialist, particularly in the USA PR Newswire PARIS, April 3, 2017 PARIS , April 3, 2017 /PRNewswire/ — Segula Technologies, global engineering group, continues its international expansion with the conclusion of two major operations in the United States : The acquisition of Eicher Engineering Solutions Inc . (EES Inc.), a wholly owned engineering services subsidiary of VE Commercial Vehicles Ltd, a joint venture between Volvo Group and Eicher Motors Ltd. […]

Stock Analysts

7 Valuable Price-to-Sales Stocks to Pocket

It is essential to determine the value of stocks before investing. Following this principle, investors always compare the value of stocks using various valuation metrics. While Price-to-Earnings is the first to cross one’s mind, Price-to-Sales has also emerged as a useful measure in narrowing down the list of valuable stocks […]

Stock Analysts

Kite Pharma Completes Filing for CAR-T Therapy with FDA

Kite Pharma, Inc. KITE announced that it has completed the filing of a rolling submission of the Biologics License Application (BLA) for its lead pipeline candidate, axicabtagene ciloleucel to the FDA. We note that axicabtagene ciloleucel is Kite Pharma’s anti-CD19 chimeric antigen receptor (CAR) T cell therapy […]

Stock Analysts

AB InBev (BUD) Sells SABMiller Assets to Japan’s Asahi Group

Beer brewing behemoth, Anheuser-Busch InBev SA/NV BUD , alias AB InBev, moves another step closer to fulfilling its requirements for the mega-merger with SABMiller Limited (earlier known as SABMiller Plc). The company closed the previously agreed sale of some of SABMiller’s eastern European businesses to Japan’s Asahi Group Holdings, Ltd. for €7.3 billion (or US$7.8 billion) […]

Stock Analysts

4 FDA Decisions to Watch Out for in Apr 2017

The FDA, which approved 22 treatments last year, has given its approval to 12 drugs so far in 2017 including 7 in March. Key approvals this year include Roche’s RHHBY multiple sclerosis treatment, Ocrevus, Regeneron REGN and Sanofi’s eczema treatment, Dupixent, Tesaro’s TSRO PARP inhibitor, Zejula, and Amgen’s Parsabiv (treatment of secondary hyperparathyroidism in adult patients with chronic kidney disease undergoing dialysis) among others. Some of these drugs have blockbuster potential […]

Mergers & Acquisitions

Pretium Packaging Announces the Acquisition of Patrick Products

Pretium Packaging Announces the Acquisition of Patrick Products PR Newswire CHESTERFIELD, Mo., April 3, 2017 CHESTERFIELD, Mo. , April 3, 2017 /PRNewswire/ — Pretium, a leader in short-to-medium run PET and HDPE rigid plastic blow-molded containers and closures for the Food and Specialty Beverage, Household and Industrial, Health and Beauty, and Sports Nutrition and Dietary Supplements market sectors, is excited to welcome the leadership, employees and expertise of Patrick Products Inc. (“Patrick”) – one of the leading packaging and container producers for the janitorial, automotive, and household chemical market sectors […]

Mergers & Acquisitions

Angelica Corporation Enters into Asset Purchase Agreement with KKR

Angelica Corporation Enters into Asset Purchase Agreement with KKR Operations to Continue as Normal; Company to Continue Delivering the Highest-Quality Linens and Services PR Newswire ALPHARETTA, Ga., April 3, 2017 ALPHARETTA, Ga. , April 3, 2017 /PRNewswire/ — Angelica Corporation (“Angelica” or the “Company”), the leader in healthcare linen and medical laundry services, today announced that it has entered into an asset purchase agreement (“APA”) with an entity affiliated with KKR, under which the KKR affiliate will acquire substantially all of Angelica’s assets as a going concern in a transaction valued at approximately $125 million plus certain assumed liabilities. KKR is a leading global investment firm with substantial resources and a proven record of investing in market-leading businesses. […]

Mergers & Acquisitions

Keylane Acquires Danish Leader Schantz

Keylane Acquires Danish Leader Schantz PR Newswire UTRECHT, The Netherlands, April 3, 2017 UTRECHT, The Netherlands , April 3, 2017 /PRNewswire/ — Faster and easier IT innovation at life and pension providers ‘ fingertips Keylane, supplier of SaaS solutions for the insurance and pension industry has acquire d Schantz , a recognis ed leader of software solutions for financial institutions . Th e combination of resources and capabilit ies will ensure that both Keylane and Schantz clients will benefit from the deliver y of future-proof solutions. Continued market developments in the financial industry, like the need for more customer centricity, cost reduction and digitalisation, requires today a lot more flexibility of core IT-systems. […]

Mergers & Acquisitions

Preferred Apartment Communities, Inc. Announces Acquisition of a 247-Unit Multifamily Community in Williamsburg, Virginia

Preferred Apartment Communities, Inc. Announces Acquisition of a 247-Unit Multifamily Community in Williamsburg, Virginia PR Newswire ATLANTA, April 3, 2017 ATLANTA , April 3, 2017 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced the acquisition on March 31, 2017 of Founders Village, a newly-constructed 247-unit Class A multifamily community in Williamsburg, Virginia […]

Momentum Stocks

Bull of the Day: Huntington Ingalls Industries (HII)

While the Trump Trade has faced a rough patch as of late, investors still appear pretty bullish on the prospects for the defense industry. It doesn’t hurt that this area is a favorite spot for Republicans, and that Trump has already come out with plans to spend an additional $54 billion on the defense budget this year alone. And though there are numerous companies that could benefit from a burst (and elevated amount) of spending in the defense world, it might be best to focus in on a company like Huntington Ingalls Industries ( HII ) for long-term profit potential in this type of environment […]

Mergers & Acquisitions

Cornell Capital to Acquire World Kitchen

Cornell Capital to Acquire World Kitchen Acquisition Brings New Commitment to World Kitchen’s Product Innovation and Growth Strategy for Iconic Brands Including Pyrex, Corelle and CorningWare With a 100-Year Legacy and Broad Household Awareness, World Kitchen’s Partnership with Cornell Capital will Further Advance Brands in Markets Around the Globe PR Newswire NEW YORK and ROSEMONT, Ill., April 3, 2017 NEW YORK and ROSEMONT, Ill. , April 3, 2017 /PRNewswire/ — Cornell Capital LLC (“Cornell Capital”), a private investment firm, and WKI Holding Company, Inc. (“World Kitchen”), a leading multinational manufacturer and marketer of housewares, today announced the signing of a definitive merger agreement under which an affiliate of Cornell Capital will acquire World Kitchen […]