Month: July 2017

Fir Tree Partners Completes Sale of sPower, the Largest US Independent Solar Developer, to AES and AIMCo for $1.6 Billion Watershed event in the renewable energy sector demonstrates the profit, job creation, and economic activity potential from rapid clean energy deployment PR Newswire NEW YORK, July 31, 2017 NEW YORK , July 31, 2017 /PRNewswire/ — Fir Tree Partners (Fir Tree) announced today that it has completed the sale of FTP Power LLC (sPower), the largest independent owner, operator and developer of utility-scale solar assets in the United States , to a joint venture co-controlled by The AES Corporation (NYSE: AES) and Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, for approximately $1.6 billion in cash and assumed non-recourse debt. Since its formation by Fir Tree in early 2014, sPower has grown from virtually no operating projects to the nation’s largest independent utility-scale solar business, with an operating portfolio of approximately 1.3 GW and a development portfolio of more than 10 GW. […]

Verizon announces tender offers for 29 series of notes of Verizon and certain of its subsidiaries PR Newswire NEW YORK, July 31, 2017 NEW YORK , July 31, 2017 /PRNewswire/ — Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced the commencement of 29 separate offers, for its own account and on behalf of certain of its wholly-owned subsidiaries, to purchase for cash (the “Offers”) up to $1 .5 billion aggregate purchase price of the outstanding series of notes listed below (collectively, the “Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase dated July 31, 2017 (the “Offer to Purchase” and, together with the accompanying letter of transmittal, the “Offer Documents”). Verizon today also announced the commencement of separate tender and exchange offers, for its own account and on behalf of GTE LLC, to purchase 17 other series of their outstanding notes. […]

MedEquities Realty Trust Completes Acquisition Of Two Skilled Nursing Facilities From Magnolia Health Systems For $15 Million PR Newswire NASHVILLE, Tenn., July 31, 2017 NASHVILLE, Tenn. , July 31, 2017 /PRNewswire/ — MedEquities Realty Trust, Inc. (NYSE: MRT) announced it has completed the previously announced acquisition of two skilled nursing facilities totaling 160 licensed beds in Indiana from Magnolia Health Systems for an aggregate purchase price of $15.0 million in cash. […]

Verizon announces private tender and exchange offers for 17 series of notes open to certain investors PR Newswire NEW YORK, July 31, 2017 NEW YORK , July 31, 2017 /PRNewswire/ — Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced the commencement of offers, for its own account and on behalf of its wholly-owned subsidiary, GTE LLC, to purchase the outstanding series of notes listed below (the “Old Notes”) for (i) cash (the “Cash Offers”) or (ii) newly issued debt securities of Verizon (the “New Notes”) (and additional cash amounts for specified series of Old Notes) (the “Exchange Offers” and, together with the Cash Offers, the “Offers”), in each case on the terms and subject to the conditions set forth in the Tender and Exchange Offer Statement dated July 31, 2017 (the “Tender and Exchange Offer Statement” and, together with the accompanying letter of transmittal and eligibility letter, the “Offer Documents”). […]

Safeguard Scientifics Partner Company Good Start Genetics To Be Acquired By Invitae Corporation PR Newswire RADNOR, Pa., July 31, 2017 RADNOR, Pa. , July 31, 2017 /PRNewswire/ — Safeguard Scientifics, Inc. (NYSE:SFE) today announced that its partner company, Good Start Genetics, Inc […]

Concentrix Closes Acquisition of Tigerspike PR Newswire FREMONT, Calif., July 31, 2017 FREMONT, Calif. , July 31, 2017 /PRNewswire/ — Concentrix Corporation, a wholly owned subsidiary of SYNNEX Corporation (NYSE: SNX), announced today it has closed its recently announced acquisition of Tigerspike. Tigerspike is a high-value digital products and strategy company founded in 2003 […]

Invitae Acquiring Good Start Genetics and CombiMatrix, Adding Comprehensive Reproductive Health Capabilities to Serve Every Stage of Life — Good Start Genetics Provides Best-in-Class Carrier and NGS Preimplantation Screening to Leading IVF Centers — — CombiMatrix Trusted for Advanced DNA Diagnostics by Reproductive Health and Pediatric Specialists — — Invitae to Host Webcast for Investors on August 1 at 8 am ET / 5 am PT — PR Newswire SAN FRANCISCO, July 31, 2017 SAN FRANCISCO , July 31, 2017 /PRNewswire/ — Invitae Corporation (NYSE: NVTA), one of the fastest growing genetic information companies, today announced two acquisitions to establish a leading position in family health genetic information services. Invitae has entered into a definitive agreement to acquire privately held Good Start Genetics, a molecular diagnostics company focused on preimplantation and carrier screening for inherited disorders. Invitae also has entered into a definitive agreement to acquire CombiMatrix (NASDAQ: CBMX), a company which specializes in prenatal diagnosis, miscarriage analysis and pediatric developmental disorders. […]

Tribune Media Sells Majority of Its Ownership Stake in CareerBuilder Company to receive approximately $158 million in cash PR Newswire CHICAGO, July 31, 2017 CHICAGO , July 31, 2017 /PRNewswire/ — Tribune Media Company (NYSE: TRCO) today announced that it has sold the majority of its ownership stake in CareerBuilder, as TEGNA completed the sale of CareerBuilder to an investor group led by investment funds managed by affiliates of Apollo Global Management (NYSE: APO), a leading global alternative investment manager, and the Ontario Teachers’ Pension Plan Board. As a participant in the sale, Tribune Media will receive approximately $158 million in cash and will retain an approximate 7 percent ownership stake in CareerBuilder on a fully-diluted basis. […]

Berry Petroleum Closes on Sale, Purchase of Assets PR Newswire BAKERSFIELD, Calif., July 31, 2017 BAKERSFIELD, Calif. , July 31, 2017 /PRNewswire/ — Berry Petroleum Company, LLC (the “Company” or “Berry”) today announced that the Company closed on the sale of its interests in the Hugoton natural gas field, located primarily in Kansas , effective July 31, 2017 . The sale was to an undisclosed buyer. […]

IBERIABANK Corporation Completes Acquisition of Sabadell United Bank, N.A. PR Newswire LAFAYETTE, La., July 31, 2017 LAFAYETTE, La. , July 31, 2017 /PRNewswire/ — IBERIABANK Corporation (NASDAQ: IBKC), the holding company of the 130-year-old IBERIABANK ( www.iberiabank.com ), announced the completion of the acquisition of Sabadell United Bank, N.A […]

RCI Expands Offerings for Global Travelers with the Acquisition of Love Home Swap The addition bolsters RCI’s product portfolio within the global exchange market PR Newswire PARSIPPANY, N.J., July 31, 2017 PARSIPPANY, N.J. , July 31, 2017 /PRNewswire/ — RCI, part of the Wyndham Worldwide family of brands (NYSE: WYN), has acquired London -based Love Home Swap, one of the world’s largest home exchange programs. Through the acquisition, RCI adds a company that complements its existing business, broadens its appeal to a new base of holidaymakers and strengthens its position as a leader within the global alternative holiday accommodation sector. […]

MSA Completes Acquisition of Globe Manufacturing New Hampshire Company Strengthens MSA’s Position as a Leader in North American Firefighter Protective Equipment Market PR Newswire PITTSBURGH, July 31, 2017 PITTSBURGH , July 31, 2017 /PRNewswire/ — MSA Safety Incorporated (NYSE: MSA) today announced it has completed its acquisition of Globe Holding Company, LLC (“Globe”) of Pittsfield, New Hampshire , in an all-cash transaction valued at $215 million , or approximately 2 times revenue and 9 times EBITDA on a trailing 12 month basis. Globe is a leading innovator and manufacturer of firefighter protective clothing and boots, with approximately 420 employees across four U.S. locations […]

People’s United Bank Completes Acquisition of LEAF Commercial Capital, Inc. PR Newswire BRIDGEPORT, Conn., July 31, 2017 BRIDGEPORT, Conn. , July 31, 2017 /PRNewswire/ — People’s United Bank, N.A […]

JBT Corporation Acquires PLF International Limited PR Newswire CHICAGO, July 31, 2017 CHICAGO , July 31, 2017 /PRNewswire/ — JBT Corporation (NYSE: JBT), a global technology solutions provider to high-value segments of the food & beverage industry, announced today it has purchased PLF International Limited (PLF), a provider of powder filling systems for the global food and beverage markets. The purchase price is £28 million, before customary post-closing adjustments. Privately held PLF is headquartered in Harwich ( Essex ), England . […]

Provisur Acquires Lutetia PR Newswire CHICAGO, July 31, 2017 CHICAGO , July 31, 2017 /PRNewswire/ — Provisur Technologies, Inc., a global leader in innovative food processing technologies and systems, announces the acquisition of Lutetia. Based close to Paris in Plailly, France Lutetia is a leading manufacturer of equipment for the food industry. […]