Mergers & Acquisitions

Loblaw Companies Limited supports Choice Properties REIT’s acquisition of Canadian Real Estate Investment Trust

Loblaw Companies Limited supports Choice Properties REIT’s acquisition of Canadian Real Estate Investment Trust Canada NewsWire TORONTO, Feb. 15, 2018 TORONTO , Feb. 15, 2018 /CNW/ – Loblaw Companies Limited (TSX:L, “Loblaw” or the “Company”) announced today that Choice Properties Real Estate Investment Trust (TSX:CHP.UN, “Choice Properties”), an entity controlled by Loblaw, has entered into an agreement pursuant to which Choice Properties will acquire all of Canadian Real Estate Investment Trust’s (TSX:REF.UN, “CREIT”) assets and assume all of its liabilities, including long-term debt and all residual liabilities. […]

Mergers & Acquisitions

Choice Properties and Canadian Real Estate Investment Trust Combine to Form Canada’s Largest REIT in a $6.0 Billion Transaction

Choice Properties and Canadian Real Estate Investment Trust Combine to Form Canada’s Largest REIT in a $6.0 Billion Transaction Canada NewsWire TORONTO, Feb. 15, 2018 Transformational combination creates the preeminent diversified REIT in Canada focused on stability, growth of cash flows and value creation through owning, developing and managing one of Canada ‘ s largest real estate portfolios Significant Portfolio of Size, Scale and Reach: Expanded portfolio of 752 properties comprising 69 million square feet of gross leasable area (“GLA”) Improved Stability Through Enhanced Diversification: Consolidated portfolio offers asset class, geographic and tenant diversification providing balance and stability as well as greater exposure to key urban markets in Canada Expanded Value-Creation Opportunities: Combined portfolios create one of Canada’s largest development pipelines offering long-term value creation and growth potential Continued Strategic Relationship: Committed and long-term support from Loblaw Companies Limited (“Loblaw”) and George Weston Limited (“GWL”) with proforma combined ownership of 65% Best-In-Class Operating Platform: Integrated national leasing, property and asset management capability with a proven track record in all key real estate sectors better positions the combined entity to take advantage of future opportunities and changing market trends TORONTO , Feb. […]

Momentum Stocks

Bear of the Day: Mattel Inc. (MAT)

Mattel Inc. ( MAT ), a Zacks Rank #5 (Strong Sell) is the worldwide leader in the design, manufacture and marketing of toys and family products. The Mattel family is comprised of such best-selling brands as Barbie, the most popular fashion doll ever introduced, Hot Wheels, Matchbox, American Girl, Radica and Hot Wheels RC, as well as Fisher-Price brands, including Thomas & Friends, Little People, Power Wheels and a wide array of entertainment-inspired toy lines. […]

Momentum Stocks

Bull of the Day: Pioneer Natural Resources (PXD)

Pioneer Natural Resources ( PXD ), a Zacks Rank #1 (Strong Buy) is a large, Texas-based independent exploration and production company that is focused on helping to meet the world's energy needs. Pioneer Natural Resources deliver industry-leading production and reserve growth through onshore, unconventional, oil and gas resource development in the United States, while providing opportunities for growth and enrichment for business partners, employees and the communities in which operate. The company provides administrative, financial and management support to United States and foreign subsidiaries that explore for, develop and produce oil, natural gas liquid and natural gas reserves […]

Mergers & Acquisitions

Vistra Solidifies Presence in Ireland With Acquisition of Squires Gilbride Chartered Accountants & Advisors

Vistra Solidifies Presence in Ireland With Acquisition of Squires Gilbride Chartered Accountants & Advisors PR Newswire HONG KONG, February 15, 2018 HONG KONG , February 15, 2018 /PRNewswire/ — Dublin -based Squires Gilbride Chartered Accountants & Advisors has been acquired by Vistra, one of the world’s leading corporate service providers of international incorporations, trust, fiduciary, private office, and fund administration services. (Logo: https://mma.prnewswire.com/media/631530/Vistra_Logo.jpg ) Providing accounting, tax, company secretarial, payroll, auditing & advisory services, Squires Gilbride has a young and innovative team of professionals serving local companies as well as international firms looking to locate an office in Ireland . […]

Mergers & Acquisitions

AND Agency LLC Announces Its Recent Acquisition of Greenwich Associates ULC, Canadian Customer Experience Management (CXM) Company

AND Agency LLC Announces Its Recent Acquisition of Greenwich Associates ULC, Canadian Customer Experience Management (CXM) Company PR Newswire CHICAGO, Feb. 14, 2018 CHICAGO , Feb. 14, 2018 /PRNewswire/ — AND Agency LLC, a North American leader in innovative marketing solutions, announced that it has acquired the Canadian Customer Experience Management (CXM) Division of Stamford, Connecticut -based Greenwich Associates, a global leader in market intelligence and advisory services […]

Stock Analysts

Airline Stock Roundup: January Traffic Reports from UAL, JBLU, UAL & Others

With the Q4 earnings season at the tail end, January traffic reports for airline companies have been dominating the headlines over the past five trading days. In fact, key airline players like United Continental Holdings UAL , Southwest Airlines LUV , JetBlue Airways JBLU and GOL Linhas Aereas Inteligentes S.A. GOL unveiled their respective traffic reports for the first month of 2018 […]

Stock Analysts

AVEO (AVEO) to Get $2 Million from EUSA Pharma for Fotivda

AVEO Oncology AVEO is due to receive $2 million from its partner EUSA Pharmaas the latter has been granted positive NICE recommendationfor Fotivda (tivozanib) for the first line treatment of adult patients with advanced renal cell carcinoma (aRCC). EUSA Pharma is the licensee for tivozanib in Europe, North and South Africa, Latin America and Australia. […]

Stock Analysts

Roche’s Rituxan Gets Priority Review for Label Expansion

Roche Group ’s RHHBY member Genentech announced that the FDA accepted Supplemental Biologics License Application (sBLA) and granted Priority Review for the label expansion of the company’s leukemia drug Rituxan (rituximab). The company is seeking to get Rituxan approved for the treatment of pemphigus vulgaris , which is a life-threatening condition characterized by progressive painful blistering of the skin and mucous membranes. Rituxan is already approved for treating blood cancers including non-Hodgkin's lymphoma (follicular lymphoma and diffuse large B-cell lymphoma) and chronic lymphocytic leukemia as well as immunological diseases like rheumatoid arthritis. […]

Stock Analysts

Daimler AG Signals Supply Chain Risks with Shift to EVs

Daimler AG DDAIF has rung the warning bell that its shifting focus to electric vehicles (EVs) could compel it to support its supply chain, per a Reuters report. In fact, many automakers, including Daimler, have scaled up production of EVs and are also updating the engine management software to keep a lid on pollution level. In fact, due to a shift in customer demand, from diesel to gasoline engines and planned electrification of new model series, there will be a huge change in the supply components, particularly for the Mercedes-Benz Cars segment […]

Stock Analysts

Big Oil Firms Finish 2017 on a High Note: What’s Ahead?

2017 turned out to be a banner year for the Big Oil companies as they benefited from their scale and diversification, resulting in the strongest returns on capital in the industry. More importantly, the companies were able to cover their investment and payouts with cash from operations — something investors really want right now. In fact, riding on improving commodity prices, stronger production outlook and healthier cash flows, the companies look poised to continue the momentum in the coming years. […]

Stock Analysts

Louisiana-Pacific (LPX) Q4 Earnings, Sales Top Estimates

Louisiana-Pacific Corporation LPX posted better-than-expected earnings and revenues in the fourth quarter of 2017. Meanwhile, 2017 was a strong year for Louisiana-Pacific, with double-digit growth across all of its business segments and expects housing demand to remain strong in 2018. The company reported adjusted earnings per share of 73 cents in fourth-quarter 2017, beating the Zacks Consensus Estimate of 58 cents by 25.9%. […]