Strategic fit that enhances Chevron’s advantaged portfolio Delivers $2 billion in anticipated annual operating cost and capital synergies Accretive to free cash flow and earnings one year after close Share repurchase annual target increases by 25 percent to $5 billionQ1 hedge fund letters, conference, scoops etc By Chevron Corp. (www.chevron.com) [Public domain], via [...]
Transaction on Track to Close in Third Quarter of 2019NEW YORK--(BUSINESS WIRE)--Bristol-Myers Squibb Company (NYSE: BMY) today announced that its shareholders voted to approve the issuance of shares of Bristol-Myers Squibb common stock in connection with the Company’s pending merger with Celgene Corporation (NASDAQ:CELG) at the Special Meeting of [...]
DALLAS--(BUSINESS WIRE)--Breach Inlet Capital, an investment firm focused on underfollowed and misunderstood small cap equities, delivered a letter to the Board of Directors of Aimia Inc. (TSE: AIM) today. The letter outlines Breach Inlet Capital’s concerns with Aimia’s Board, existing operating business, and recently-announced capital allocation strategy. The letter [...]
DENVER--(BUSINESS WIRE)--MNG Enterprises, Inc. (“MNG” or the “Company”) today announced that Oaktree Capital Management, L.P. (“Oaktree”), a subsidiary of Oaktree Capital Group, LLC (NYSE: OAK), delivered a letter stating that Oaktree is highly confident in the Company’s ability to attain a debt financing package in an aggregate principal amount [...]
CHICAGO--(BUSINESS WIRE)--Ariel Investments, adviser to Ariel Investment Trust, announced today that Eric H. Holder, Jr., 82nd Attorney General of the United States, has been appointed to the Trust’s Board of Trustees. Q4 hedge fund letters, conference, scoops etc mohamed_hassan / Pixabay Mr. Holder served as Attorney General from February 2009 to April [...]
All stock acquisition proposed with a negative premium based upon current market prices, conditioned on due diligence Newmont’s pending transaction with Goldcorp offers optimal value with greater certainty and a proven management team and operating modelQ4 hedge fund letters, conference, scoops etc Free-Photos / Pixabay DENVER--(BUSINESS WIRE)--Newmont Mining Corporation (NYSE: NEM) (Newmont [...]
Accelerates GE’s strategy to reduce leverage and strengthen the balance sheet Strong go-forward $17 billion healthcare business Expected to close in the fourth quarter of 2019Q4 hedge fund letters, conference, scoops etc By General Electric Company (w:File:General_Electric_logo.svg) [Public domain], via Wikimedia CommonsBOSTON--(BUSINESS WIRE)--GE (NYSE:GE) announced a definitive agreement to sell its BioPharma [...]
Approvals Include Motions to Continue Employee Wages and Benefits and Procedures for Efficient Large-Scale U.S. Retail Liquidation Process Q4 hedge fund letters, conference, scoops etc BentleyMall [CC BY-SA 3.0], via Wikimedia CommonsStores Across U.S. Remain Open and Continue to Conduct Liquidation Sales Latin American and Franchisee Stores Continue Business as Usual; Not [...]
Operations to continue in the normal course; Sears and Kmart members and customers will continue to have a seamless shopping experience Q4 hedge fund letters, conference, scoops etcBAY HARBOR ISLANDS, Fla.--(BUSINESS WIRE)--ESL Investments, Inc. (“ESL”) today announced that its affiliate, Transform Holdco LLC, has completed its acquisition of substantially all [...]
LONDON & DENVER--(BUSINESS WIRE)--Janus Henderson Investors (NYSE: JHG, ASX: JHG) announced today that William H. Gross (Bill) has decided to retire from the firm and focus on managing his personal assets and private charitable foundation. Q4 hedge fund letters, conference, scoops etcMr. Gross, 74, has been a pioneer in fixed [...]
Proposal Represents Substantial 41% Cash Premium to Gannett’s 2018 Year-End Closing Price Requests that Gannett Immediately Enter into Discussions with MNG about a Strategic Combination Calls for Gannett to Commence Review of Strategic Alternatives to Maximize Value for all Gannett Stockholders Calls for Gannett to Commit to Moratorium on Digital Investments MNG’s 7.5% [...]
Highly Complementary Portfolios with Leading Franchises in Oncology, Immunology and Inflammation and Cardiovascular Disease Significantly Expands Phase III Assets with Six Expected Near-Term Product Launches, Representing Greater Than $15 Billion in Revenue Potential Registrational Trial Opportunities and Early-Stage Pipeline Position Combined Company for Sustained Leadership Underpinned by Cutting-Edge Technologies and Discovery [...]
NEW YORK--(BUSINESS WIRE)--Funds managed by affiliates (the “Apollo Funds”) of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO) and GE Capital (NYSE: GE) today announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately $1 billion portfolio, including assumed [...]
LONDON & PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today published an announcement that Comcast has prevailed with the highest offer price in the auction to acquire the entire issued and to be issued share capital of Sky plc (“Sky”) with an offer price of £17.28 per Sky share (the “UK [...]
NEW YORK--(BUSINESS WIRE)--Regulatory News: Pershing Square, L.P. (“PSLP”) today has established a non-discretionary trading plan to sell a portion of its common stock in The Howard Hughes Corporation (NYSE:HHC) over a period of time that will end no later than November 30, 2018, in accordance with guidelines specified under Rule [...]
LONDON--(BUSINESS WIRE)-- Elliott Advisors (UK) Limited (“Elliott”) notes today’s announcement regarding the proposed sale of Costa to The Coca-Cola Company. Elliott congratulates the Board of Whitbread on this proposed transaction and looks forward to continuing to engage with them to maximise the value of the remaining businesses.Get The Timeless [...]
Bill Ackman and Other Pershing Square Capital Management L.P. Affiliates Have Acquired More Than $100 Million of Additional PSH Public Shares Since July 2018Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your [...]
A Second Leading Independent Proxy Advisory Firm Glass Lewis Recommends Cigna Shareholders Vote "FOR" Acquisition Of Express Scripts Glass Lewis Joins ISS in Recommending Cigna Shareholders Vote for the Express Scripts Acquisition Cigna Reminds Shareholders to Vote “FOR” the Transformative Combination Today [REITs] Q2 hedge fund letters, conference, scoops etcBLOOMFIELD, Conn.--(BUSINESS WIRE)--Cigna Corporation [...]
Cigna Reminds Shareholders to Vote "FOR" the Transformative Combination Today BLOOMFIELD, Conn.--(BUSINESS WIRE)--Cigna Corporation (NYSE: CI) (“Cigna” or the “Company”) announced that leading independent corporate governance and proxy advisory firm Institutional Shareholder Services (“ISS”) has concluded its analysis and today issued a recommendation that Cigna shareholders vote to approve the [...]
BLOOMFIELD, Conn.--(BUSINESS WIRE)--Cigna Corporation (NYSE: CI) (“Cigna” or the “Company”) issued the following letter to stockholders in response to the second letter released by Carl C. Icahn about the Company’s proposed merger with Express Scripts Holding Company (NASDAQ: ESRX) (“Express Scripts”).Get Our Icahn eBook! Get our entire 10-part series on [...]
Combined Company Will Grow Shareholder Value and Transform Healthcare In an Increasingly Demanding Healthcare EnvironmentGet Our Icahn eBook! Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. [...]
BOSTON--(BUSINESS WIRE)--Eze Software, a global provider of investment technology, today announced that SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), has entered into a definitive agreement to acquire the company from its previous owner, TPG Capital – the private equity platform of global alternative asset firm TPG. SS&C, a global provider of [...]
