Mergers & Acquisitions

21st Century Fox Sets July 10, 2018 Special Meeting For Vote On Merger Agreement With The Walt Disney Company

21st Century Fox Sets July 10, 2018 Special Meeting For Vote On Merger Agreement With The Walt Disney Company PR Newswire NEW YORK, May 30, 2018 NEW YORK , May 30, 2018 /PRNewswire/ — Twenty-First Century Fox, Inc. (“21CF”) (NASDAQ: FOXA, FOX) announced that it has established a record date of May 29, 2018 and a meeting date of July 10, 2018 , for a special meeting of its stockholders to, among other things, consider and vote on a proposal to adopt the previously announced merger agreement (the “Disney Merger Agreement”) with The Walt Disney Company (“Disney”) and certain of its subsidiaries. 21CF’s board of directors recommends that stockholders vote in favor of the proposal to adopt the Disney Merger Agreement and the other proposals to be voted on at the special meeting. […]

Mergers & Acquisitions

AbbVie Announces Preliminary Results of Tender Offer

AbbVie Announces Preliminary Results of Tender Offer PR Newswire NORTH CHICAGO, Ill., May 30, 2018 NORTH CHICAGO, Ill. , May 30, 2018 /PRNewswire/ — AbbVie (NYSE: ABBV) today announced the preliminary results of its modified Dutch auction tender offer, which expired at 12:00 midnight, New York City time, at the end of May 29, 2018 . Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 75,743,313 shares of AbbVie’s common stock, $0.01 par value per share, were properly tendered and not properly withdrawn at or below the purchase price of $105 per share, including 49,129,844 shares that were tendered by notice of guaranteed delivery […]

Stock Analysts

Smartphone Sales: Xiaomi Gains Most, Apple’s Share Up In Q1

Apple ’s AAPL smartphone market share improved in first-quarter 2018, while Samsung’s SSNLF slowed, per a recent report from research firm Gartner. Chinese handset makers like Huawei and Xiaomi gained most, while OPPO’s share declined. Chinese brands like OPPO and VIVO suffered from a sluggish mobile phone market in the Greater China. […]

Stock Analysts

Uptick in April Retail Sales to Aid Growth in Japan: 4 Picks

Preliminary reports from Ministry of Economy, Trade and Industry (METI), stated that April retail sales in Japan rose sequentially as well as year over year. This is a welcome piece of news after the country’s GDP shrank by 0.2% in the first three months of 2018, due to a decline in capital investment and private consumption. Economists, however, were unmoved by grim first-quarter growth numbers and still are of the opinion that the contraction is temporary and a rebound is in the cards […]

Technicals

Moving Average Crossover Alert: LSC Communications (LKSD)

LSC Communications LKSD could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for LKSD broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. This has already started to take place, as the stock has moved lower by 4.4% in the past four weeks […]

Technicals

Moving Average Crossover Alert: Maximus, Inc. (MMS)

Maximus, Inc. MMS could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for MMS broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness […]

Mergers & Acquisitions

RPX and HGGC Receive US and German Antitrust Clearances

RPX and HGGC Receive US and German Antitrust Clearances PR Newswire SAN FRANCISCO and PALO ALTO, Calif., May 30, 2018 SAN FRANCISCO and PALO ALTO, Calif. , May 30, 2018 /PRNewswire/ — RPX Corporation (NASDAQ: RPXC) (“RPX”) and HGGC, LLC (“HGGC”) today announced that they have received clearance from the German Federal Cartel Office in connection with the previously-announced tender offer by HGGC’s affiliate, Riptide Purchaser, Inc., to purchase all outstanding shares of RPX’s common stock at a purchase price of $10.50 per share, net to the seller in cash, subject to reduction for any applicable withholding taxes in respect thereof, without interest. As previously disclosed, on May 21, 2018 , the United States Federal Trade Commission granted early termination of the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended. […]

Mergers & Acquisitions

Canopy Growth Corporation announces entry into the African market with acquisition of Daddy Cann Lesotho

Canopy Growth Corporation announces entry into the African market with acquisition of Daddy Cann Lesotho Canada NewsWire SMITHS FALLS, ON, May 30, 2018 SMITHS FALLS, ON , May 30, 2018 /CNW/ – Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) (“Canopy Growth” or the “Company”) is pleased to announce that the Company has acquired Daddy Cann Lesotho PTY Ltd., trading as Highlands (“Highlands”). Based in the Kingdom of Lesotho (“Lesotho”), Highlands holds a license to cultivate, manufacture, supply, hold, import, export and transport cannabis and its resin. […]

Mergers & Acquisitions

Premium Brands Holdings Corporation Announces Completion of the Acquisition of Concord Premium Meats

Premium Brands Holdings Corporation Announces Completion of the Acquisition of Concord Premium Meats Canada NewsWire VANCOUVER, May 30, 2018 VANCOUVER , May 30, 2018 /CNW/ – Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce approval by the Competition Bureau and successful completion of the previously announced acquisition of a 100% interest in Concord Premium Meats. Concord is an Ontario based manufacturer of branded and customized protein solutions for retailers and foodservice customers across Canada. Its proprietary brands include MarcAngelo , Skoulakis , Central Park Deli , Black River Angus and Connie’s Kitchen . […]

Mergers & Acquisitions

Bizness Apps Acquired By Think3

Bizness Apps Acquired By Think3 Think3 is excited to build on Bizness Apps’ success as a global leader in small business mobile solutions. PR Newswire SAN DIEGO, May 30, 2018 SAN DIEGO , May 30, 2018 /PRNewswire/ — Bizness Apps, a leader in small business mobile app development, announced that Think3 has acquired the Company to further invest in creating powerful, yet affordable mobile solutions for small business growth. Mobile apps provide a powerful connection between brands and their consumers […]

Mergers & Acquisitions

Iron Mountain Acquires Dutch EvoSwitch Data Center Business for €205 ($235) Million;

Iron Mountain Acquires Dutch EvoSwitch Data Center Business for €205 ($235) Million; — Expands Presence into Amsterdam Area, Second Largest European Data Center Market, Bringing Total Data Center Portfolio Capacity to More than 285 Megawatts — — Continental Europe Location Offers Attractive Connectivity and Power Rates to Customers — PR Newswire BOSTON, May 30, 2018 BOSTON , May 30, 2018 /PRNewswire/ — Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, has acquired EvoSwitch Netherlands B.V and EvoSwitch Global Services B.V. (“EvoSwitch NL”) for €205 ($235) million . The transaction provides 11 megawatts (MW) of existing data center capacity in the Netherlands , which is 100% leased, with expansion capability of an additional 23 MW, for total potential capacity of 34 MW […]

Mergers & Acquisitions

HKBN Acquires ICG to Form Cloud System Integration Powerhouse

HKBN Acquires ICG to Form Cloud System Integration Powerhouse PR Newswire HONG KONG, May 30, 2018 HONG KONG , May 30, 2018 /PRNewswire/ — HKBN Group (“HKBN” or the “Group”) announced today that it has acquired I Consulting Group Limited (“ICG”), a Managed Service Provider (“MSP”) in cloud-powered solutions, for a total consideration of up to HK$200 million . Leveraging ICG’s profound expertise in cloud technology, this acquisition strengthens HKBN’s versatility and competitiveness to help enterprise customers build success with complete end-to-end services that range from network infrastructure and system integration to the future of cloud technology. Central to this transaction is that Andy Lau remains as ICG Chairman and Eric Leung takes on the role of ICG CEO, as to lead the integration into HKBN. […]