Mylan N.V MYL and partner Biocon announced that the FDA has approved Fulphila, a biosimilar of Amgen’s AMGN Neulasta. The news comes as a significant boost for Mylan, given the potential market for Fulphilia. […]
With WWDC announcements making headlines, other news gets pushed to the backburner. So here are the highlights from Apple’s AAPL big event for developers, as well as a brief recap of other events- WWDC Apple’s Worldwide Developers Conference included a number of important announcements- iOS 12 : The new OS focuses on speed improvements (even for 6S owners), probably inspired by the user discontent of slowdown in older iPhones and the growing role of its services business, which will require faster speeds to be effective. […]
It was a week where oil prices tumbled to their lowest levels since April. However, natural gas futures edged closer to the psychologically important $3 level. On the news front, energy biggie Exxon Mobil Corporation XOM outlined plans to double earnings by 2025 in its annual meeting and European peer Royal Dutch Shell plc RDS.A announced early production start-up at the Kaikias subsea development in the Gulf of Mexico. […]
Eastman Chemical Company EMN will increase the selling prices of Plasticizers. The price hike will be effective from Jul 1, 2018 or as contracts permit. […]
Tramec Sloan LLC Diversifies Vehicle Product Portfolio with Fleet Engineers Acquisition PR Newswire HOLLAND, Mich., June 5, 2018 HOLLAND, Mich. , June 5, 2018 /PRNewswire/ — Mark A. Holm, President, Tramec Sloan LLC, subsidiary of Tramec LLC, announced the acquisition of Fleet Engineers, located in Muskegon Michigan , an industrial company that designs, manufacturers and distributes product solutions for aerodynamics, door systems, spray control and parts and accessories for the truck and trailer industry […]
Impax Laboratories, LLC Announces Results of Tender Offer for 2.00% Convertible Senior Notes Due 2022 PR Newswire HAYWARD, Calif., June 5, 2018 HAYWARD, Calif. , June 5, 2018 /PRNewswire/ — Impax Laboratories, LLC (“Impax” or the “Company”), a wholly-owned subsidiary of Amneal Pharmaceuticals, Inc. (NYSE: AMRX), announced today the final results of its previously announced cash tender offer (the “Offer”) to repurchase any and all of its outstanding 2.00% Senior Convertible Notes (the “Notes”) (CUSIP No. […]
Safelite Group Acquires Richardson Auto Glass [Deal Closed June 4, 2018] PR Newswire COLUMBUS, Ohio, June 5, 2018 COLUMBUS, Ohio , June 5, 2018 /PRNewswire/ — Safelite Group, the nation’s leading vehicle glass services company and owner of Safelite Solutions, has reached an agreement to acquire the assets of Richardson Auto Glass. The transaction was completed on June 4 . […]
Lilly Recommends Shareholders Reject Below-Market Mini-Tender Offer by TRC Capital Corp. PR Newswire INDIANAPOLIS, June 5, 2018 INDIANAPOLIS , June 5, 2018 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) has learned of an unsolicited mini-tender offer by TRC Capital Corp. for the purchase of up to 1.5 million shares of Lilly common stock at $81.00 per share […]
Wagz™ Acquires Petzila in Strategic Move to Own Connected Pet Category The acquisition of Petzila and the Petzi Treat Cam™ launches Wagz™ forward in the sprint towards being lead dog for smarter pet living. PR Newswire NEW YORK, June 5, 2018 NEW YORK , June 5, 2018 /PRNewswire/ — Wagz™ Inc . took a huge step today towards its vision of being a completely connected pet lifestyle company with the announcement of its acquisition of Petzila—a founding member in the growing Global Connected Pet market and innovative pet tech brand behind the wildly popular Petzi Treat Cam™ . […]
Welser Profile acquires Superior Roll Forming Welser Profile is a technology leader in producing custom cold roll formed sections and tubes made of steel in Austria and Germany – and now in the United States! PR Newswire CHICAGO, June 5, 2018 CHICAGO , June 5, 2018 /PRNewswire/ — The Welser Profile group has been successfully promoting its custom cold roll formed sections in the North American market. The family-run business continuously drives innovation in the roll forming industry by developing complex cross sections specific to customers’ needs and requirements. Today, Welser Profile is happy to announce that we are taking the next step towards stronger customer service and North American presence through the acquisition of Superior Roll Forming. […]
Flagstar Bank to Acquire 52 Branches and $2.3 Billion in Deposits from Wells Fargo Bank in Indiana, Michigan, Wisconsin and Ohio PR Newswire TROY, Mich., June 5, 2018 TROY, Mich. , June 5, 2018 /PRNewswire/ — Strategic Benefits: Strengthens banking franchise through transformational transaction. Diversifies and expands banking footprint, adding nearly 200,000 new customer relationships […]
Constellation HomeBuilder Systems Acquires CustomerInsight PR Newswire TORONTO, June 5, 2018 TORONTO , June 5, 2018 /PRNewswire/ — Constellation HomeBuilder Systems, the largest provider of home building software solutions and services , has acquired CustomerInsight, a leader in customer experience management, analytics and performance services for home builders and residential developers. With many customers in common, the CustomerInsight team will be joining Constellation HomeBuilder Systems to further expand the business services available to the industry. CustomerInsight is a customer experience research company designed to help residential homebuilding professionals uncover their homebuyer, employee and trade/supply partner experiences; turning insight into profitability. […]
Municode Expands Its Municipal Law Publishing Capability With the Acquisition of Municipal Code Online PR Newswire TALLAHASSEE, Fla., June 5, 2018 TALLAHASSEE, Fla. , June 5, 2018 /PRNewswire/ — Municode, ( www.municode.com ) the nation’s leading legal codifier, announced the acquisition of Municipal Code Online, a cutting-edge software development company headquartered in Utah . […]
The Zacks Property and Casualty industry is currently undervalued compared with the S&P 500 index. The price-to-book (P/B) ratio, the best multiple for valuing insurers because of their unpredictable financial results, is 1.4, less than the broader market’s P/B of 3.9. Such below market positioning hints at room for upside in the coming quarters […]
Online retail sales continue to soar, with bellwether Amazon.com, Inc.’s AMZN market cap topping $800 billion. But, their outsized gains haven’t hampered traditional retailers much. All of retailers have been part of a broad-based rally so far this year but hardly any of them are trading near peak levels. […]
In its weekly release, Baker Hughes (BHGE), a GE company, reported an increase in rig count in the United States. About the Rig Count Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. Change in this Houston-based oilfield services player’s rotary rig count impacts demand for energy services like drilling, completion and production provided by the likes of Halliburton Company HAL , Schlumberger Limited SLB , Diamond Offshore Drilling, Inc. […]
Among the FAANG stocks — Facebook FB , Amazon AMZN , Apple AAPL , Netflix NFLX and Google GOOGL — Amazon has been ruling the roost for quite some time. Be its spectacular quarterly results or its multi-industrial presence, the company has managed to impress investors. […]
Universal Forest Products, Inc. UFPI yesterday announced that one of its subsidiaries has successfully completed the acquisition of majority assets of Marietta, GA-based North American Container Corporation. […]
SL Green Realty SLG is disposing its stake in a joint venture asset and redeeming its investment in a property. These retail transactions are in line with the company’s efforts to improve its overall portfolio mix and enhance shareholders value. Particularly, the company entered into an agreement to sell its ownership stake at 724 Fifth Avenue to its joint venture partner, Jeff Sutton. […]
The British government sold 7.7% stake in Royal Bank of Scotland RBS , in sync with its efforts to return the bank to private ownership. The sale resulted in substantial loss for the taxpayers, owing to a significant drop in the value of the stock since the time government had bailed out the bank during the financial crisis. Following the announcement of the news, the bank’s shares on NYSE have fallen nearly 2% in the pre-market trading. […]
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