Month: February 2018

Mergers & Acquisitions

Bon Secours Health System and Mercy Health Announce Intent to Merge: A Common Mission of Bringing Compassion to Health Care and Creating Healthier Communities

February 21, 2018 0

Bon Secours Health System and Mercy Health Announce Intent to Merge: A Common Mission of Bringing Compassion to Health Care and Creating Healthier Communities Serving Communities Across 7 States; 43 Hospitals with more than 1,000 Sites of Care Providing $640 million annually in Community Benefit PR Newswire MARRIOTTSVILLE, Md. and CINCINNATI, Feb. […]

Mergers & Acquisitions

Fortescue Announces Offer To Purchase For Cash Certain Of Its Debt Securities

February 21, 2018 0

Fortescue Announces Offer To Purchase For Cash Certain Of Its Debt Securities PR Newswire PERTH, Australia, Feb. 21, 2018 PERTH, Australia , Feb. 21, 2018 /PRNewswire/ — FMG Resources ( August 2006 ) Pty Ltd (the “Company”), an Australian corporation and a direct wholly-owned subsidiary of Fortescue Metals Group Ltd (“Fortescue”) (ASX: FMG), an Australian corporation, announced today that it is offering to purchase for cash up to US$1,400,000,000 (the “Tender Cap”) in aggregate principal amount of its 9.750% Senior Secured Notes due 2022 (the “Notes”) […]

Mergers & Acquisitions

Qualcomm Issues Statement On Reduced Broadcom Proposal

February 21, 2018 0

Qualcomm Issues Statement On Reduced Broadcom Proposal PR Newswire SAN DIEGO, Feb. 21, 2018 SAN DIEGO , Feb. 21, 2018 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today issued the following statement in response to today’s reduced proposal by Broadcom Limited (NASDAQ: AVGO) to acquire all outstanding shares of Qualcomm for $79.00 per share ( $57.00 in cash and $22.00 in Broadcom stock): “Broadcom’s reduced proposal has made an inadequate offer even worse despite the clear increase in value to Qualcomm stockholders from providing certainty around the NXP acquisition […]

Stock Analysts

General Motors (GM) Plans to Invest $2.8B in South Korea

February 21, 2018 0

Per Reuters, General Motors Company GM has presented a plan to invest $2.8 billion over a period of 10 years to restructure its stressed South Korean operations. Additionally, the company has requested the South Korean government to inject funds for the investment through its state-run Korea Development Bank ("KDB"), which already holds a 17% stake in GM Korea. The proposal is in addition to the company’s offer to convert around $2.2 billion of debt into equity, owed by its Korean operations, in exchange for financial support and tax benefits from the government. […]

Stock Analysts

Public Storage (PSA) Q4 FFO Beats Estimates, Revenues Up Y/Y

February 21, 2018 0

Public Storage ’s PSA fourth-quarter 2017 core funds from operations (FFO) per share of $2.75 marked 3.8% growth from the prior-year quarter figure of $2.65 and also surpassed the Zacks Consensus Estimate of $2.72. Results mirror an improvement in net operating income (NOI) from both same-store and non-same store facilities. […]

Stock Analysts

Is Container Store (TCS) a Great Stock for Value Investors?

February 21, 2018 0

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. […]

Stock Analysts

Travelers Unveils Insurance Product, Enhances Portfolio

February 21, 2018 0

The Travelers Companies, Inc. TRV recently unveiled Quantum Home 2.0, which will help the company offer its clients a much more efficient and simplified way of communication. The product introduced of late will enable the property and casualty (P&C) insurer to improve services and also bring in new business […]