Stock Analysts

Wells Fargo Discloses Problems in Wealth Management Division

Recently, Wells Fargo and Company WFC in its annual filing, disclosed to have overcharged customers in its investment and fiduciary services business. Also, it said the review process of the bank’s Wealth and Investment Management segment is in “preliminary stages”. After facing inquiries from the financial regulators in late 2017 for forcing customers to buy products and services they did not require, Wells Fargo agreed to do a detailed investigation of the segment […]

Mergers & Acquisitions

Union Partners Acquires Lamination Specialties Corporation

Union Partners Acquires Lamination Specialties Corporation PR Newswire CHICAGO, March 2, 2018 CHICAGO , March 2, 2018 /PRNewswire/ — Chicago-based Union Partners announced that it has acquired Lamination Specialties Corporation (LSC), one of the largest manufacturers of electrical steel laminations in North America . Operating out of three locations throughout the greater Chicagoland area, the company distributes products throughout North America and overseas. In addition to its lamination capabilities, the company also operates a full-service electrical steel service center with value-added capabilities. […]

Mergers & Acquisitions

Centrica Plc Announces Any And All Tender Offer Results

Centrica Plc Announces Any And All Tender Offer Results NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT PR Newswire LONDON, March 2, 2018 LONDON , March 2, 2018 /PRNewswire/ — On 22 February 2018 , Centrica plc (the “Company”) announced 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, and upon the terms and subject to the conditions set forth in an offer to purchase dated 22 February 2018 (as amended or supplemented from time to time, the “Offer to Purchase”). The offer to purchase the Any and All Notes is referred to herein as the “Any and All Tender Offer” and the offer to purchase the Maximum Tender Notes is referred to herein as the “Maximum Tender Offer.” The Any and All Tender Offer and the Maximum Tender Offer are referred to together herein as the “Tender Offers”. Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Offer to Purchase. […]

Mergers & Acquisitions

MassMutual International Enters Agreement to Sell 85.1 Percent of MassMutual Japan to Nippon Life

MassMutual International Enters Agreement to Sell 85.1 Percent of MassMutual Japan to Nippon Life PR Newswire TOKYO and SPRINGFIELD, Mass., March 2, 2018 TOKYO and SPRINGFIELD, Mass. , March 2, 2018 /PRNewswire/ — MassMutual International LLC (MassMutual International)—Massachusetts Mutual Life Insurance Company’s (MassMutual) international insurance holding company—and Nippon Life Insurance Co. (Nippon Life) announced today they have entered into a transaction in which MassMutual International will sell approximately 85.1 percent of MassMutual Japan, its wholly owned life insurance and wealth management affiliate, to Nippon Life, the largest life insurer in Japan. […]

Stock Analysts

Canadian Natural (CNQ) Q4 Earnings Beat on Liquids Strength

Oil and gas finder Canadian Natural Resources Limited CNQ reported robust fourth-quarter results, buoyed by higher liquids prices and production. Earnings per share – excluding one-time and non-cash items – came in at U.S.$444.9, blazing the Zacks Consensus Estimate of 32 U.S. cents and the fourth-quarter 2016 profit of 29 U.S […]