Mergers & Acquisitions

Benevolentai Acquires Advanced Cambridge Research Facility to Accelerate Its AI-Enabled Drug Development

Benevolentai Acquires Advanced Cambridge Research Facility to Accelerate Its AI-Enabled Drug Development Acquisition creates first AI company capable of covering entire drug development process from drug discovery to clinical development PR Newswire LONDON, February 22, 2018 LONDON , February 22, 2018 /PRNewswire/ — Cambrid ge research facility will advance BenevolentAI drug programmes into the clinic more quickly and at a much larger scale BenevolentAI, one of the world’s largest private AI companies, today announced that it has acquired a state-of-the-art drug discovery and development facility on the Babraham Research Campus in Cambridge (UK) for an undisclosed sum. The acquisition creates a unique AI-enabled research centre that can radically reduce the time it takes for drug candidates to enter clinical testing and deliver significantly higher success rates in treating or curing disease. The acquisition marks the first time an AI company will be able to work across the entire drug development process ‘end-to-end’ from drug discovery to late stage clinical development […]

Mergers & Acquisitions

Evoke Group Acquires AboveNation Media, LLC

Evoke Group Acquires AboveNation Media, LLC Ad Tech & Media Firm AboveNation Expands Integrated Health, Wellness & Lifestyle Offering PR Newswire NEW YORK, Feb. 22, 2018 NEW YORK , Feb. 22, 2018 /PRNewswire/ — Huntsworth plc (HNT: LSE) today announces the acquisition of New York -based AboveNation Media adding to its collection of leading health, wellness and lifestyle marketing companies under Evoke Group ( www.evokegroup.com ) […]

Mergers & Acquisitions

Centrica plc Announces Cash Tender Offer For Any And All Of Its 4.000% Senior Notes Due 2023 And Up To US$250,000,000 In Aggregate Principal Amount Of Its 5.375% Senior Notes Due 2043

Centrica plc Announces Cash Tender Offer For Any And All Of Its 4.000% Senior Notes Due 2023 And Up To US$250,000,000 In Aggregate Principal Amount Of Its 5.375% Senior Notes Due 2043 PR Newswire LONDON, Feb. 22, 2018 LONDON , Feb. 22, 2018 /PRNewswire/ — Centrica plc (the “Company”) today announces offers to purchase for cash any and all of its 4.000% senior notes due 2023 (the “Any and All Notes”) and up to US$250,000,000 in aggregate principal amount of its 5.375% senior notes due 2043 (the “Maximum Tender Notes” and together with the Any and All Notes, the “Securities”), subject to the offer and distribution restrictions below, and upon the terms and subject to the conditions set forth in an offer to purchase dated 22 February 2018 (as it may be amended or supplemented from time to time, the “Offer to Purchase”) […]

Stock Analysts

Q4 Earnings Roundup: ROKU, JACK, WEN & More

Entertainment platform Roku ROKU swung to a big positive earnings surprise from what was supposed to be a bottom-line miss — 6 cents per share earned versus and expected -11 cents per share. The company also surpassed expectations in quarterly sales — $188.3 million vs. $183.2 million expected. […]

Stock Analysts

BD (BDX) Launches PAXgene in Europe for Advanced DNA Testing

Becton, Dickinson and Company BDX , popularly known as BD, has recently announced the commercial availability of the CE-IVD marked PAXgene Blood circulating cell-free DNA (ccfDNA) tube within the European Economic Area and Switzerland (Western Europe). The plastic tube, used for blood collection, was developed by PreAnalytiX GmbH, a joint venture between BD and Netherlands-based provider of Sample to Insight solutions, QIAGEN N.V. […]

Mergers & Acquisitions

LinkTrust Acquired by Utah-based Loyal Companies

LinkTrust Acquired by Utah-based Loyal Companies With acquisition, leading provider of affiliate and performance marketing software poised for substantial growth PR Newswire PROVO, Utah, Feb. 21, 2018 PROVO, Utah , Feb. 21, 2018 /PRNewswire/ — LinkTrust, a leading provider of Saas-based affiliate and performance marketing software announced today that it has been acquired by Utah -based private equity group Loyal Companies with plans for advanced growth strategy […]

Stock Analysts

FirstEnergy (FE) Beats Q4 Earnings Estimates, Lags Sales

FirstEnergy Corporation FE reported fourth-quarter 2017 operating earnings of 71 cents per share, beating the Zacks Consensus Estimate of 69 cents by 2.9%. Quarterly earnings improved 86.8% year over year. On a GAAP basis, the company reported loss of $5.62 per share compared with a loss of $13.44 in the prior-year quarter due to impairments & plant exit costs for the company's competitive generation fleet and charges related to the Tax Cuts and Jobs Act […]

Stock Analysts

Retail Sales Helps Southern Company (SO) Top Q4 Earnings

Power supplier Southern Company SO reported fourth-quarter 2017 earnings per share (excluding certain one-time items) of 51 cents, above the Zacks Consensus Estimate of 46 cents and the year-ago profit of 30 cents. The outperformance stemmed from strength of its retail unit and lower operations and maintenance costs. The Atlanta-based utility’s quarterly revenue – at $5,629 million – came higher than the fourth-quarter 2016 sales of $5,181 million and also beat the Zacks Consensus Estimate of $5,408 million […]

Mergers & Acquisitions

Height Securities Advises Phillips 66 (PSX) on its Lubricants Facility Divestiture in Waukesha, WI

Height Securities Advises Phillips 66 (PSX) on its Lubricants Facility Divestiture in Waukesha, WI PR Newswire WASHINGTON, Feb. 21, 2018 WASHINGTON , Feb. 21, 2018 /PRNewswire/ — Height Securities, LLC (“Height”) served as sole financial advisor to Phillips 66 (NYSE: PSX) and its wholly-owned division Phillips 66 Spectrum Corporation, on the sale of its lubricants and packaging facility in Waukesha, WI […]

Mergers & Acquisitions

After Four Years, Starboard Commercial Real Estate Closes Deal on 1601 Mission Street for $28.5M

After Four Years, Starboard Commercial Real Estate Closes Deal on 1601 Mission Street for $28.5M Site to Be Developed Into 220-unit Condominium Complex, Replacing Tower Car Wash and Chevron Gas Station PR Newswire SAN FRANCISCO, Feb. 21, 2018 SAN FRANCISCO , Feb. 21, 2018 /PRNewswire/ — Starboard Commercial Real Estate , privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the sale closing of 1601 Mission Street […]