Mergers & Acquisitions

General Mills Completes Acquisition of Blue Buffalo Pet Products

General Mills Completes Acquisition of Blue Buffalo Pet Products PR Newswire MINNEAPOLIS, April 24, 2018 MINNEAPOLIS , April 24, 2018 /PRNewswire/ — General Mills, Inc. (NYSE: GIS) today announced it has completed the acquisition of Blue Buffalo Pet Products, Inc. for $40 per share in an all-cash transaction, which represents an enterprise value of approximately $8.0 billion […]

Stock Analysts

3M (MMM) Q1 Earnings In Line, Sales Beat Estimates, Up Y/Y

3M Company MMM reported solid first-quarter 2018 results, with an impressive year-over-year improvement in adjusted earnings and revenues. GAAP earnings came in at 98 cents per share compared with $2.16 per share in the year-earlier quarter. The year-over-year decline in GAAP earnings despite higher sales was largely due to a pre-tax charge of $897 million or $1.16 per share related to a lawsuit, and a tax expense of $217 million or 36 cents per share. […]

Stock Analysts

Media Stocks Earnings Lineup for April 25: VIAB, CMCSA, SIRI

The first-quarter 2018 earnings season has commenced on a better note than the preceding one. Per the latest Earnings Preview , “ the earnings and revenue growth rates and the proportion of positive earnings surprises are tracking materially above historical periods .” As of Apr 20, 87 S&P 500 members have reported quarterly numbers. Total earnings of these companies are up 25% on a year-over-year basis (82.8% of the companies beat EPS estimates) while total revenues are up 10.7% on a year-over-year basis (67.8% of the companies beat top-line estimates) […]

Mergers & Acquisitions

Insolvency Administrator Schmudde (White & Case) Accepts NorthCapital Holding’s Bid for Starz Group

Insolvency Administrator Schmudde (White & Case) Accepts NorthCapital Holding’s Bid for Starz Group PR Newswire SCHWABHAUSEN, Germany, April 24, 2018 SCHWABHAUSEN, Germany , April 24, 2018 /PRNewswire/ — Within the scope of its M&A strategy, NorthCapital Holding ApS today acquired Starz Group, the leading manufacturer of cable sets for special vehicles. In mid-January, the company had to file an insolvency petition due to, among other reasons, investments in China which required high financial advances. Operational activities in Germany are, however, still profitable. […]

Mergers & Acquisitions

Grasshopper Solar closes CAD $270 million financing from Deutsche Bank

Grasshopper Solar closes CAD $270 million financing from Deutsche Bank PR Newswire TORONTO, April 24, 2018 TORONTO , April 24, 2018 /PRNewswire/ – Grasshopper Solar, Canada’s largest fully-integrated solar company announced the successful completion of a CAD $270 million senior debt facility with Deutsche Bank; the largest of its kind in Canada . This facility will be used to drive further growth of Grasshopper’s asset base. Grasshopper Solar currently has CAD $500 million in assets under operation, and in various stages of development globally. […]