Mergers & Acquisitions

Warburg Pincus Announces Sale of INEA to Macquarie European Infrastructure Fund 5

Warburg Pincus Announces Sale of INEA to Macquarie European Infrastructure Fund 5 PR Newswire LONDON, Dec. 5, 2017 LONDON , Dec. 5, 2017 /PRNewswire/ — Warburg Pincus, a global private equity firm focused on growth investing, today announced that funds affiliated with the firm have entered into a definitive agreement to sell their majority stake in INEA (“the Company”), the fibre-to-the-home (FTTH) and cable operator in Western Poland , to Macquarie European Infrastructure Fund 5 (MEIF5), managed by Macquarie Infrastructure and Real Assets (MIRA), the leading global infrastructure investor. […]

Stock Analysts

Sonoco (SON) Maintains 2017 Outlook, Issues 2018 View

Sonoco Products Company SON recently reaffirmed its 2017 EPS guidance as well as issued the 2018 financial guidance and provided updates for strategic priorities. The company is poised to gain from its 20/20 Vision strategy, acquisitions and by developing new products. The details are discussed below. […]

Stock Analysts

Costco’s Solid November Comps Heralds Blissful Holidays

Amid a tough retail landscape Costco Wholesale Corp. COST continued with its solid comparable-store sales (comps) trend in the month of November as well. While major chains are grappling with sluggish store and mall traffic as consumers switch to online shopping, Costco seems somewhat resilient to the challenging retail backdrop. […]

Mergers & Acquisitions

Huntsman Announces Full Repayment of its Senior Term Loan Facility from Proceeds of Venator Secondary Public Offering

Huntsman Announces Full Repayment of its Senior Term Loan Facility from Proceeds of Venator Secondary Public Offering PR Newswire THE WOODLANDS, Texas, Dec. 4, 2017 THE WOODLANDS, Texas , Dec. 4, 2017 /PRNewswire/ — Huntsman Corporation (NYSE: HUN) announced today that it successfully completed its secondary public offering of Venator (NYSE: VNTR) receiving net proceeds of ~$471 million . […]

Stock Analysts

Permian Basin Drilling Continues to Rise on Spike in Oil

In its weekly release, Houston-based oilfield services player Baker Hughes, a GE company, reported an increase in crude and natural gas rig counts in the United States. About the Rig Count Baker Hughes’ data, issued since 1944 at the end of every week, helps energy service providers gauge the overall business environment of the oil and gas industry. […]

Stock Analysts

4 Big U.S. Telecos in Focus After Senate Approves Tax Bill

In the early hours of Dec 2, 2017, Senate Republicans passed a $1.5 trillion tax overhaul package proposed by President Donald Trump in a 51-49 voting. The White House hopes that the bill becomes law by the end of the year. While the tax reform bill has resulted in a series of controversies among several economists and financial experts, we believe the U.S […]

Mergers & Acquisitions

Cansel announces the acquisition of Ernest-Joubert, Inc., GeoShack’s field supply operations in Quebec

Cansel announces the acquisition of Ernest-Joubert, Inc., GeoShack’s field supply operations in Quebec Canada NewsWire VANCOUVER, Dec. 4, 2017 VANCOUVER , Dec. 4, 2017 /CNW/ – Cansel is very pleased to announce today that it has acquired the field supply business from GeoShack in Quebec , formerly operating under the name Ernest-Joubert, Inc […]