Month: December 2017

On Dec 4, we issued an updated research report on leading comprehensive waste management services provider, Waste Management Inc. WM . Waste Management is successfully executing its initiatives to refocus on core business activities and instill price and cost discipline to achieve better margins. […]

H&R Block Inc. HRB is scheduled to report second-quarter fiscal 2018 results before the market opens on Dec 6. The company has a positive earnings surprise history, beating estimates thrice in the trailing four quarters with an average surprise of 11.4%. […]

Charter Communications Inc CHTR and Altice USA Inc ATUS have reportedly reached an agreement to broadcast their respective regional cable news networks. Charter is the second-largest cable MSO in the United States. Altice USA is one of the largest broadband communications and video services providers, based in Bethpage, NY. […]

Broadcom Limited AVGO is set to release fourth-quarter fiscal 2017 results on Dec 4. The company is benefiting from strong demand for Wi-Fi chips and radio frequency solutions from smartphone original equipment manufacturers (OEMs). Moreover, rapid adoption of connectivity-related products in Internet of Things (IoTs) appliances and automobiles is a growth driver in the soon-to-be-reported quarter. […]

Marriott International, Inc. ’s MAR renowned brand The Luxury Collection Hotels and resorts recently announced the official launch of a hotel — The Whitley. […]

Rockwell Automation Inc. ROK recently acquired Odos Imaging, a Scottish technology company, in order to build a smart sensing and safety products portfolio. Financial terms of the deal remain undisclosed […]

SL Green Realty ’s SLG whole lot of ratings has been upgraded by Fitch Ratings. Notably, SL Green’s Issuer Default Rating (IDR) and senior unsecured notes have been bumped by a notch to “BBB” from “BBB-.” The rating agency also maintained its stable outlook. The rating agency cited the company’s adherence to tighter financial policies and efforts to attain a balanced capital structure by targeting leverage below 7.0x […]

After weeks of speculation, CVS Health CVS announced its decision to acquire Aetna AET , one of the nation's leading diversified health care benefits companies. The cash and stock deal will see Aetna shareholders receive $145 per share in cash and 0.8378 CVS Health shares for each Aetna share with Aetna being valued at approximately $207 per share or about $69 billion ($77 billion including the assumption of Aetna's debt). […]

Aetna Inc. AET will soon be acquired by CVS Health Corp. CVS , per a definitive merger agreement. […]

Deere & Company DE , the world’s largest farm equipment manufacturer, has concluded the previously announced acquisition of world’s leading road-construction equipment maker, Wirtgen, for 4.6 billion euros ($5.2 billion) in cash and debt. The buyout of Germany-based Wirtgen will aid Deere’s North America-centric construction business expand to a global scale and also catapult it to the position of an industry leader in global road construction. This is touted to be its largest deal ever and expected to immediately boost earnings […]

Ringing in good tidings for its shareholders, SL Green Realty SLG announced a 4.8% increase in its fourth-quarter dividend and announced a $500-million increase to its share buyback program. Particularly, this real estate investment trust (REIT) will now pay a dividend of 81.25 cents per share — up from 77.50 cents paid earlier. The raised dividend will be paid on Jan 16, 2018, to shareholders of record as on Jan 2. […]

Industrial tool maker Illinois Tool Works Inc. ITW hosted its Investors Day 2017 on Dec 1. The company focused on its long-term growth targets and also initiated forecast for 2018 […]

Machinery company Actuant Corporation ATU announced that it has successfully divested its Viking SeaTech business to Acteon Group Limited and acquired Mirage Machines, Ltd. from the same. Both these transactions were originally announced on Aug 16 […]

Terreno Realty Corporation TRNO is positioning itself to benefit from the improving fundamentals of the industrial markets by acquiring strategic assets in core markets. Recently, the company added another industrial property to its portfolio through the acquisition of an improved land parcel in Carson, CA. Terreno purchased the 5.4-acre land parcel for approximately $12.9 million. […]

Dave & Buster’s Entertainment, Inc. PLAY is scheduled to report third-quarter fiscal 2017 results on Dec 5, after market close. Last quarter, the company posted a positive earnings surprise of 29.09%. […]