Mergers & Acquisitions

Wendel grants exclusivity to Aptar Group for the sale of CSP Technologies for $555 million

Wendel grants exclusivity to Aptar Group for the sale of CSP Technologies for $555 million PR Newswire NEW YORK, July 30, 2018 NEW YORK , July 30, 2018 /PRNewswire/ — Wendel today announced it has received from Aptar Group a firm offer to acquire all share capital of CSP Technologies (“CSP” or the “Company”), a global provider of custom polymeric solutions and specialty protective packaging, for an enterprise value of $555 million or approximately 13 times Adjusted EBITDA. Subsequently, Wendel entered into an exclusivity period with Aptar Group to finalize the transaction, which should close in the fourth quarter of 2018, subject to customary information procedure and conditions including regulatory approvals. […]

Mergers & Acquisitions

Cision Acquires ShareIQ Visual Recognition Technology

Cision Acquires ShareIQ Visual Recognition Technology PR Newswire CHICAGO, July 30, 2018 Cision Communications Cloud Becomes First Earned Media Platform to Measure, Analyze and Optimize Performance of Visual Content Across All Channels CHICAGO , July 30, 2018 /PRNewswire/ — Cision (NYSE: CISN) today announced it has acquired the technical assets of Berlin -based ShareIQ. The ShareIQ platform is based on patent-pending technology that discovers, analyzes and indexes original pieces of visual content, as well as shared and republished copies of specific images. With the addition of ShareIQ technology to the Cision Communications Cloud, Cision becomes the first earned media platform in the industry to monitor, analyze and attribute value to both text and visual content […]

Technicals

New Strong Sell Stocks for July 30th

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Ardagh Group S.A. ARD is a supplier of rigid packaging solutions. The Zacks Consensus Estimate for its current year earnings has been revised 6.3% downward over the last 30 days. […]

Mergers & Acquisitions

Ruder Finn Acquires RLA Collective to Expand Integrated Marketing and Analytics Expertise

Ruder Finn Acquires RLA Collective to Expand Integrated Marketing and Analytics Expertise PR Newswire NEW YORK, July 30, 2018 NEW YORK , July 30, 2018 /PRNewswire/ — Ruder Finn announced today that it has acquired RLA Collective , a sales-driven integrated marketing agency specializing in health and wellness, including over-the-counter (OTC), nutritional supplement and medical device brands in North America. With more than two decades in the consumer and pet health sectors, RLA has developed and executed customized marketing campaigns – that blend the latest in digital advertising technologies with traditional tactics – for new and heritage brands sold at major drug, mass market and online retailers, including Amazon and brand-owned e-commerce. […]

Mergers & Acquisitions

GenNx360 Capital Partners Announces Acquisition of Precision Aviation Group, Inc.

GenNx360 Capital Partners Announces Acquisition of Precision Aviation Group, Inc. PR Newswire NEW YORK, July 30, 2018 NEW YORK , July 30, 2018 /PRNewswire/ — GenNx360 Capital Partners (“GenNx360”), a New York -based private equity firm which invests in middle market business services and industrial companies is pleased to announce its acquisition of Precision Aviation Group, Inc. (“PAG” or the “Company”), effective July 26, 2018 . […]

Stock Analysts

ON Semiconductor (ON) Tops Q2 Earnings & Revenue Estimates

ON Semiconductor Corporation ON delivered second-quarter 2018 non-GAAP earnings of 46 cents per share beating the Zacks Consensus Estimate by a penny. Further, the figure increased 27.8% year over year and 15% sequentially. The company reported revenues of $1.46 billion, which increased 9% year over year from the year-ago quarter’s level of $1.34 billion and also surpassed the Zacks Consensus Estimate of $1.43 billion. […]

Stock Analysts

Telecom Stocks Earnings Roster for Jul 31: HRS, COMM & More

The earnings season is past the halfway mark with 265 S&P 500 members having reported results till Jul 27, 2018. Sustained momentum reinforces expectations that second-quarter 2018 is likely to replicate the performance of the prior quarter, which proved to be one of the strongest in the past seven years. Total earnings for the S&P 500 companies that have already reported are up 23.6% year over year on 10.1% higher revenues with 80.8% beating earnings estimates and 72.1% surpassing top-line expectations […]

Mergers & Acquisitions

Premium Brands Holdings Corporation Announces Investment in Yorkshire Valley Farms

Premium Brands Holdings Corporation Announces Investment in Yorkshire Valley Farms Canada NewsWire VANCOUVER, July 30, 2018 VANCOUVER , July 30, 2018 /CNW/ – Premium Brands Holdings Corporation (TSX:PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce that it has acquired a 62.6% interest in Yorkshire Valley Farms Ltd., an Ontario based processor and marketer of organic chicken products. Yorkshire, which has annualized sales of approximately $65 million , operates a modern 40,000 square foot processing facility located in Harriston , Ontario. […]

Technicals

Halliburton (HAL): Moving Average Crossover Alert

Halliburton Company HAL 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 HAL 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 8.4% in the past four weeks […]