Month: February 2018

Mergers & Acquisitions

Park Lawn Corporation to Acquire CMS Mid-Atlantic

February 28, 2018 0

Park Lawn Corporation to Acquire CMS Mid-Atlantic Canada NewsWire TORONTO, Feb. 28, 2018 Acquisition expands PLC cemetery and mausoleum operations into New Jersey and New York TORONTO , Feb. 28, 2018 /CNW/ – Park Lawn Corporation (TSX: PLC) (” PLC ” or the ” Company “) is pleased to announce that it has entered into a definitive agreement to acquire (the ” Acquisition “) all of the outstanding membership interests of CMS Mid-Atlantic (” CMS Mid-Atlantic “) for a purchase price of approximately US$50 million in cash, subject to customary working capital adjustments. […]

Mergers & Acquisitions

Pure Industrial Real Estate Trust Mails Management Information Circular for Special Unitholder Meeting to Approve Blackstone Acquisition

February 28, 2018 0

Pure Industrial Real Estate Trust Mails Management Information Circular for Special Unitholder Meeting to Approve Blackstone Acquisition PR Newswire VANCOUVER, Feb. 28, 2018 VANCOUVER , Feb. 28, 2018 /PRNewswire/ – Pure Industrial Real Estate Trust (TSX: AAR.UN) (the “Trust”) today announced that it has mailed the management information circular (the “Circular”) and related materials for the special meeting (the “Meeting”) of the unitholders of the Trust (“Unitholders”) to approve the plan of arrangement pursuant to which an affiliate of Blackstone Property Partners, the Core+ real estate investment unit of Blackstone, will acquire all of the issued and outstanding trust units of the Trust (each, a “Unit”) for $8.10 per Unit in cash (the “Transaction”), all as more particularly described in the Circular. […]

Mergers & Acquisitions

Addus HomeCare Increases Presence In New Mexico With Agreement To Purchase Ambercare Corporation

February 28, 2018 0

Addus HomeCare Increases Presence In New Mexico With Agreement To Purchase Ambercare Corporation Business Provides Personal Care, Hospice and Home Health Services through 15 Locations across New Mexico, Producing Revenue of Approximately $57 Million PR Newswire FRISCO, Texas, Feb. 28, 2018 FRISCO, Texas , Feb. 28, 2018 /PRNewswire/ — Addus HomeCare Corporation (NASDAQ: ADUS), a provider of comprehensive home care services, today announced the signing of a definitive agreement to purchase Ambercare Corporation, Inc., a provider of personal care, hospice and home health services, headquartered in Albuquerque , New Mexico […]

Stock Analysts

Toll Brothers (TOL) Q1 Earnings Top, Updates 2018 View

February 28, 2018 0

Shares of Toll Brothers, Inc. TOL declined more than 5% on Feb 27 after it announced first-quarter fiscal 2018 results, despite reporting better-than-expected earnings. The country’s leading luxury homes builder reported adjusted earnings of 63 cents per share in the first quarter of fiscal 2018, beating the Zacks Consensus Estimate of 54 cents […]

Stock Analysts

Is the World Heading Toward an Acute LNG Supply Shortage?

February 28, 2018 0

In its latest liquefied natural gas (or LNG) outlook, Royal Dutch Shell plc RDS.A predicts shortage of the fuel by mid-2020s despite a booming market. Strong Demand Growth Per the Anglo-Dutch energy giant, LNG demand reached 293 million tons last year – up by 29 million tons from 2016 and significantly higher than the 100 million traded in the year 2000. The nearly 300 million tons of LNG trade in 2017 (30% more than previously expected) was enough to power about 575 million homes […]

Technicals

TJX Companies (TJX) Lags Q4 Earnings, Provides FY19 View (revised)

February 28, 2018 0

The TJX Companies, Inc. TJX , a leading off-price retailer, recently came out with its fourth-quarter fiscal 2018 results, with adjusted earnings of $1.19, which excludes an $0.11 benefit from the 53 rd week in the company’s fiscal year, and was above the high end of the company’s guidance for adjusted EPS of $1.16. The Zacks Consensus Estimate of $1.28 does not consider this 53 rd week. […]

Stock Analysts

Airline Stock Roundup: Carriers Gain on Buffett Commentary, CPA in Focus

February 28, 2018 0

It was a week where billionaire investor, Warren Buffett, continued to show his affinity for airline stocks. In an interview to CNBC , the "Oracle of Omaha" did not reject the possibility of eventually owning an airline company, thereby displaying his recent interest in the space once again. Warren Buffett, the world’s third richest man, has stakes in airline heavyweights — Delta Air Lines, Inc. […]

Stock Analysts

Vale’s (VALE) Q4 Earnings Beat Estimates, EPS Improves Y/Y

February 28, 2018 0

Mining giant Vale S.A.’s VALE fourth-quarter 2017 adjusted earnings of 36 cents per share surpassed the Zacks Consensus Estimate of 23 cents. However, the bottom line came in lower than the year-ago tally of 52 cents per share. For 2017, adjusted earnings came in at $1.35 per share, outpacing the Zacks Consensus Estimate of $1.22. […]