Mergers & Acquisitions

Baffinland Announces Offer To Purchase For Cash And Consent Solicitation For Its 12.00% Senior Secured Notes Due 2022

Baffinland Announces Offer To Purchase For Cash And Consent Solicitation For Its 12.00% Senior Secured Notes Due 2022 PR Newswire IQALUIT, Nunavut, June 6, 2018 IQALUIT, Nunavut , June 6, 2018 /PRNewswire/ — Baffinland Iron Mines Corporation (the “Company”) and Baffinland Iron Mines LP (together with the Company, the “Issuers”) announced today that they have commenced a cash tender offer to purchase any and all of the Issuers’ 12.00% Senior Secured Notes due 2022 (the “Notes”), having an aggregate outstanding principal amount of $350.0 million (the “Tender Offer”). In conjunction with the Tender Offer, the Issuers are also soliciting consents from the holders (the “Holders”) of the Notes (the “Consent Solicitation”) to amend the indenture governing the Notes to, among other things, (i) eliminate substantially all of the restrictive covenants, certain events of default and related provisions contained in the indenture governing the Notes (the “Proposed Covenant Amendments”) and (ii) release all of the collateral securing the Notes (the “Proposed Collateral Amendments”). The complete terms of the Tender Offer and Consent Solicitation are set forth in an Offer to Purchase and Consent Solicitation Statement, dated as of today (the “Statement”) and the related Consent and Letter of Transmittal (the “Consent and Letter of Transmittal”). […]

Stock Analysts

Airline Stock Roundup: IATA Slashes ’18 Profit View, LUV, DAL & More in Focus

The past week was dominated by updates from the International Air Transport Association (“IATA”). The monthly data released by the IATA showcased a 6.2% year-over-year increase in demand for air travel across the globe for April 2018. Another significant update from the trade association emerged recently, when it trimmed its 2018 profitability outlook for the airline industry to $33.8 billion from $38.4 billion anticipated earlier. […]

Stock Analysts

Sprouts Farmers Loses 12% Since Q1 Earnings: Here’s Why

Shares of Sprouts Farmers Market, Inc. SFM have plunged roughly 11.7% since its earnings release and 14.6% in three months, underperforming the industry ’s gain of 3.9%. This is primarily because of lower-than-expected first-quarter 2018 net sales as well as trimmed sales and comps guidance for the full year. […]

Stock Analysts

Yum China’s Shares Gain 0.3% in 6 Months: More Room to Run?

Yum China Holdings, Inc. YUMC , the largest restaurant company in China, is gaining solid momentum backed by a strong brand recognition. Following the separation from its parent company, Yum! Brands YUM , Yum China has been leveraging the power of its two most important brands — KFC and Pizza Hut — to drive long-term growth. […]

Stock Analysts

Jones Lang LaSalle’s JLL Spark Starts $100M Venture Fund

JLL Spark, a new division of Jones Lang LaSalle JLL , has launched JLL Spark Global Venture Fund. The venture fund will be investing about $100 million in startups which focus on improving and developing the real estate sector. The move is in sync with Jones Lang LaSalle, popularly known as JLL’s efforts to invest in technology and innovation […]

Mergers & Acquisitions

Johnson & Johnson Announces Binding Offer from Fortive Corporation to Acquire Advanced Sterilization Products (ASP)

Johnson & Johnson Announces Binding Offer from Fortive Corporation to Acquire Advanced Sterilization Products (ASP) PR Newswire NEW BRUNSWICK, N.J., June 6, 2018 NEW BRUNSWICK, N.J. , June 6, 2018 /PRNewswire/ — Johnson & Johnson (NYSE: JNJ) today announced that it has received a binding offer from Fortive Corporation (NYSE: FTV) to acquire its Advanced Sterilization Products (ASP) business, a division of Ethicon, Inc.*, for an aggregate value of approximately $2.8 billion, consisting of $2.7 billion of cash proceeds from Fortive and $0.1 billion of retained net receivables. ASP is a global leader in innovative infection prevention solutions with 2017 net revenue of approximately $775 million […]

Mergers & Acquisitions

Westgate Resorts Acquires Midtown Manhattan Hotel and Rebrands it Westgate New York City

Westgate Resorts Acquires Midtown Manhattan Hotel and Rebrands it Westgate New York City Acquisition marks the continued growth of the hotel division of this major hospitality brand PR Newswire ORLANDO, Fla., June 6, 2018 ORLANDO, Fla. , June 6, 2018 /PRNewswire/ — Westgate Resorts announced today the acquisition of the former Hilton New York Grand Central, a 23-floor, 300-room, two-tower hotel located in the historic Tudor City neighborhood within the heart of Midtown Manhattan’s East Side that has been rebranded Westgate New York City . […]

Stock Analysts

Here’s Why Investors May Find Domino’s (DPZ) Appetizing Now

Domino's Pizza, Inc. DPZ is currently one of the world's largest fast-food chains, with more than 14,800 stores in over 85 international markets. The company’s operational advantages, given its market share and scale, along with consistent focus on innovation, execution of growth strategy and digital initiatives should help the stock maintain its solid performance in the quarters ahead. […]

Stock Analysts

Varian to Demonstrate Brachytherapy Solutions Portfolio

In a bid to strengthen the Oncology Systems segment, Varian Medical Systems VAR recently announced its plans to demonstrate its comprehensive portfolio of advanced brachytherapy solutions. The company will exhibit the product line in the American Brachytherapy Society Annual Meeting from Jun 7-9 in San Francisco. […]

Stock Analysts

Gilead Collaborates with Hookipa for HBV and HIV Therapies

Gilead Sciences GILD entered into a research collaboration and license agreement with Hookipa Biotech AG. Per the agreement, Gilead will own exclusive rights to Hookipa's TheraT and Vaxwave arenavirus vector-based immunization technologies for two major chronic infectious disease indications, hepatitis B virus (HBV) and human immunodeficiency virus (HIV). […]