Month: December 2019

Stock Analysts

Barrack Closes Divestiture of 50% Stake in KCGM to Saracen

December 2, 2019 0

Barrick Gold Corporation GOLD reported that it closed the sale of its 50% stake in Kalgoorlie Consolidated Gold Mines (“KCGM”) to Saracen Mineral Holdings Limited for cash consideration of $750 million. With the divestiture, the company marked the first step in the plan to realize more than $1.5 billion from the disposal of non-core assets by the end of 2020. Per Barrick, the Western Australia-based KCGM asset is not relevant to its strategy of operating mines […]

Mergers & Acquisitions

Arcadia Settlements Group and Structured Financial Associates merge to form the nation’s leading provider of structured settlement services

December 2, 2019 0

Arcadia Settlements Group and Structured Financial Associates merge to form the nation’s leading provider of structured settlement services PR Newswire DENVER, Dec. 2, 2019 DENVER , Dec. 2, 2019 /PRNewswire/ — Combining the strength of best-in-class consultants, innovative products and services, and deep industry expertise, Arcadia Settlements Group, Inc. […]

Mergers & Acquisitions

Gowan Company Announces Acquisition of Two New Active Ingredients, Fenamidone and Pencycuron, from Bayer AG

December 2, 2019 0

Gowan Company Announces Acquisition of Two New Active Ingredients, Fenamidone and Pencycuron, from Bayer AG Company Expanding its Global Fungicide Portfolio PR Newswire HARPENDEN, England, Dec. 2, 2019 HARPENDEN, England , Dec. 2, 2019 /PRNewswire/ — Gowan Crop Protection Limited, an affiliate of Gowan Company, L.L.C., announced today that it has entered into agreements with Bayer AG to acquire rights to the active ingredients Fenamidone and Pencycuron […]

Stock Analysts

Petrobras to Divest 30% Stake in Frade Field to PetroRio

December 2, 2019 0

Of late, Petroleo Brasileiro S.A. aka Petrobras PBR entered into an agreement with PetroRio Jaguar Petróleo Ltda wherein the former will sell its 30% stake in Frade concession to the latter. The divestment also included the sale of the complete interest owned by Petrobras Frade Inversiones SA (PFISA), a unit of Petrobras, in the company Frade BV, which operates the offshore assets used in developing the Frade field production […]

Economic Data

Market Waits for U.S. Manufacturing Data

December 2, 2019 0

Don’t look now, but the S&P 500 is up over 25% year to date. With one month left in the calendar trading year, this looks to guarantee a strong showing for full-year 2019 as a whole. However, still fresh in investors’ minds is last December’s 9% drop, which had negative affects not only in overall market growth, but things like consumer confidence and the “wealth effect” during the all-important holiday shopping season, as well […]

Mergers & Acquisitions

DLA Piper advises Seaspan Corporation in its US$750 million acquisition of APR Energy Limited

December 2, 2019 0

DLA Piper advises Seaspan Corporation in its US$750 million acquisition of APR Energy Limited PR Newswire NEW YORK, Dec. 2, 2019 NEW YORK , Dec. 2, 2019 /PRNewswire/ — DLA Piper represented Seaspan Corporation (NYSE: SSW), a leading independent charter owner and operator of containerships, in its acquisition of APR Energy Limited, a global leasing business that owns and operates a fleet of gas turbines and other power generation equipment, in an all-stock transaction valued at US$750 million including the assumption of debt. […]

Mergers & Acquisitions

ISMIE Mutual Announces Completion of SEMPIC Merger

December 2, 2019 0

ISMIE Mutual Announces Completion of SEMPIC Merger ISMIE’s national expansion gains steam through new strategic opportunity PR Newswire CHICAGO, Dec. 2, 2019 CHICAGO , Dec. 2, 2019 /PRNewswire/ — The ISMIE Mutual Insurance Company is pleased to announce the completion of a merger with the Southeast Michigan Physicians’ Insurance Company (SEMPIC) after receiving all required regulatory approvals. […]

Stock Analysts

Should Value Investors Consider Prudential (PUK) Stock Now?

December 2, 2019 0

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process […]