Roku, Inc. ROKU was a big mover last session, as the company saw its shares rise more than 7% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session […]
Investors in Cleveland-Cliffs Inc. CLF need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 15, 2018 $3 Put had some of the highest implied volatility of all equity options today. […]
After declining sharply in 2017, shares of Teva Pharmaceutical Industries Limited TEVA have picked up pace this year so far. The stock has risen 17% against the industry ’s decline of 5.8%. […]
One stock that might be an intriguing choice for investors right now is Rudolph Technologies, Inc. RTEC . […]
Andrew Modlin Acquires Class A Super Voting Shares of and Securities Redeemable for Class B Subordinate Voting Shares of MedMen Enterprises Inc. Canada NewsWire VANCOUVER, May 29, 2018 VANCOUVER , May 29, 2018 /CNW/ – On May 28, 2018 , MedMen Enterprises Inc. […]
MGM Resorts International and MGM Growth Properties LLC Announce Transactions to Acquire Empire City Casino in Yonkers, New York Total Consideration of $850 million for the Real Estate and Operations MGP to Pay Consideration of $625 million to MGM Resorts for Developed Real Estate Assets Transaction Expected to Be Accretive for Both MGM Resorts and MGP Expands Geographic Footprint for MGM Resorts and MGP to High-Density New York Region PR Newswire LAS VEGAS, May 29, 2018 LAS VEGAS , May 29, 2018 /PRNewswire/ — MGM Resorts International (the “Company” or “MGM Resorts”) (NYSE: MGM) and MGM Growth Properties LLC (NYSE: MGP) today announced that MGM Resorts has entered into an agreement to acquire the real property and operations associated with the Empire City Casino’s (“Empire City”) race track and casino for consideration of $850 million . Further, MGM Resorts and MGP have entered into a definitive agreement whereby MGP will acquire the developed real property associated with Empire City from MGM Resorts and lease it back to a subsidiary of MGM Resorts, after which a subsidiary of MGM Resorts will operate the property. […]
Brazos Midstream Completes Sale of Delaware Basin Subsidiaries to Morgan Stanley Infrastructure PR Newswire FORT WORTH, Texas, May 29, 2018 FORT WORTH, Texas , May 29, 2018 /PRNewswire/ — Brazos Midstream Holdings, LLC (” Brazos ” or the “Company”) and Old Ironsides Energy today announced the completion of its previously announced sale of the Company’s Delaware Basin subsidiaries to a subsidiary of North Haven Infrastructure Partners II (“NHIP II”) for $1.75 billion . NHIP II is an investment fund managed by Morgan Stanley Infrastructure (“MSI”). The transaction included committed debt financing of $950 million ( $900 million of term loan and $50 million of revolving credit facility), underwritten and arranged by Jefferies Finance LLC and Royal Bank of Canada . […]
Civica acquires master data management company VisionWare International group strengthens digital transformation capability with acquisition of ‘single customer view’ provider for government and health care in the UK and US PR Newswire GLASGOW, Scotland, May 29, 2018 GLASGOW, Scotland , May 29, 2018 /PRNewswire/ — The Civica Group (“Civica” or “the Group”), an international market leader in business-critical software applications, digital solutions and managed services, has announced that Civica UK Limited, the company’s wholly owned subsidiary, has acquired master data management company VisionWare Limited. Based in Glasgow, Scotland , and with operations in the UK and the US, VisionWare is a provider of innovative master data management (MDM) solutions for local, regional and state government and healthcare. […]
As the Q1 reporting cycle is drawing to a close, investors must be interested in finding out the performance of the Zacks classified 16 sectors of the S&P 500. While such performance evaluation normally drawsattention to the bottom line, sales growth demands equal attention. We’ll tell you why. […]
Investors love stocks with a low price-to-earnings (P/E) ratio. The perception is that the lower the P/E, the higher will be the value of the stock. […]
Redwood Trust, Inc. RWT is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. […]
Madison Dearborn Partners and CoVant Acquire LinQuest Corporation PR Newswire CHICAGO and LOS ANGELES, May 29, 2018 CHICAGO and LOS ANGELES , May 29, 2018 /PRNewswire/ — Madison Dearborn Partners (“MDP”) and CoVant Management (“CoVant”) announced today that they have acquired LinQuest Corporation (“LinQuest” or the “Company”), a leading provider to the U.S. defense and intelligence communities of space systems technology solutions, including large-scale systems engineering & integration, software and cyber systems development, complex systems modeling & simulation, data analytics, and turnkey mission solutions. LinQuest management, including CEO Dr […]
KKR to Acquire BMC Software from Investor Group PR Newswire HOUSTON and NEW YORK, May 29, 2018 HOUSTON and NEW YORK , May 29, 2018 /PRNewswire/ — BMC Software (“BMC”), a global leader in software solutions for the digital enterprise, and KKR , a leading global investment firm, today announced the signing of a definitive agreement under which KKR will acquire BMC. The company is being acquired from a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners and Elliott Management (collectively, the “Investor Group”). Founded in 1980, BMC is a leading systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. […]
Ameris Bancorp Completes Acquisition of Atlantic Coast Financial Corporation PR Newswire MOULTRIE, Ga., May 29, 2018 MOULTRIE, Ga. , May 29, 2018 /PRNewswire/ — Ameris Bancorp (Nasdaq: ABCB) (the “Company”) announced today that it completed the acquisition of Atlantic Coast Financial Corporation (“ACFC”) as of May 25 , 2018. […]
Host Hotels & Resorts, Inc. HST is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for HST broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend […]
Liberty Media Corporation LSXMA is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for LSXMA broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. This has already started to take place, as the stock has moved higher by 2.9% in the past four weeks […]
The inflation talk has grown from non-existent to a murmur recently. Spearheading things over the last few weeks has been the move in crude. Oil has been strong since bottoming out under $28 in February 2016 […]
Kimbell Royalty Partners, LP announces acquisition of mineral and royalty interests held by Haymaker Minerals & Royalties, LLC and Haymaker Resources, LP for $404 million and proposed election to change tax status Acquisition immediately accretive to distributable cash flow, increases production by more than 50% on a per unit basis and generates estimated G&A savings of 50% per Boe on a run-rate basis Pro forma free cash flow yield of 12% on first quarter 2018 basis Kimbell announces proposed election to change tax status from pass-through partnership to a taxable entity PR Newswire FORT WORTH, Texas, May 29, 2018 FORT WORTH, Texas , May 29, 2018 /PRNewswire/ — Kimbell Royalty Partners, LP (NYSE: KRP) (“Kimbell” or the “Company”), a leading owner of oil and gas mineral and royalty interests across 20 states, today announced that it has agreed to acquire the mineral and royalty interests held by Houston -based Haymaker Minerals & Royalties, LLC and Haymaker Resources, LP (collectively, “Haymaker”) in a transaction valued at approximately $404 million . The purchase price for the acquisition is comprised of $210 million in cash and 10 million common units of Kimbell, valued at approximately $194 million . 1 Kimbell will raise the cash portion of the purchase price through a private placement of 7.00% Series A Cumulative Convertible Preferred Units (“Series A Preferred Units”) to an affiliate of Apollo Global Management, LLC (” Apollo “) for gross proceeds of $110 million and through borrowings of $114 2 million under a new $200 million revolving credit facility […]
Investors looking for stocks in the Outsourcing sector might want to consider either Convergys (CVG) or Broadridge Financial Solutions (BR). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. […]
Investors looking for stocks in the REIT and Equity Trust – Other sector might want to consider either CCA (CXW) or Host Hotels (HST). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look […]
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