Company signs global agreement with California-based clean tech company

 

ALAMEDA, Calif., Feb. 9, 2017 -- Johnson Controls (NYSE: JCI), finalized an agreement covering North America, China and Europe for a cutting-edge electrochemical battery recycling technology. Under terms of a multi-faceted deal, the company is investing in Aqua Metals (NASDAQ: AQMS).

 

"Our partnership with Johnson Controls is a tremendous step forward and is an opportunity for us to work with the global leader in automotive battery manufacturing and responsible recycling," said Dr. Stephen Clarke, chairman and CEO of Aqua Metals. "We will build on this exciting relationship in order to enable clean and efficient battery recycling around the world."

All-cash transaction valued at approximately $9.1 billion

VCA shareholders to receive $93 per share of VCA common stock

VCA to be a separate business unit within Mars Petcare

 

MCLEAN, Va. and LOS ANGELES, Jan. 9, 2017  -- Mars, Incorporated and VCA Inc. (NASDAQ:WOOF) today announced that they have entered an agreement under which Mars will acquire all of the outstanding shares of VCA for $93 per share, or a total value of approximately $9.1 billion including $1.4 billion in outstanding debt.  The transaction price represents a premium of approximately 41 percent over VCA's 30-day volume weighted average price on January 6, 2017, and a premium of approximately 31 percent over VCA's closing price on January 6, 2017.  The agreement has been unanimously approved by the boards of directors of both companies.

Reports Record Third Quarter EPS of $0.43; Record Third Quarter Adjusted EPS of $0.52 --- Company Increases Full-Year Earnings Guidance, Expects $1.81 to $1.89 Adjusted EPS

 

EL SEGUNDO, Calif., Oct. 26, 2016 -- PCM, Inc. (PCMI), a leading technology solutions provider, today reported record financial results for the third quarter of 2016.

 

Third Quarter 2016 Highlights (Compared to Third Quarter 2015)

Record net sales of $584.9 million, up 44%

Record third quarter gross profit of $82.7 million, up 37%

Record third quarter operating profit of $10.7 million, up $9.7 million

Transaction Improves Financial Position; Also Positions Company for Expansion of its Financing Services and High End Imported Vehicle Businesses

 

TIANJIN, CHINA  June 7, 2016 / China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ: CALI), a top seller in China of luxury imported automobiles and a leading provider of auto-related services, announced today that effective June 1, 2016, 100% of the equity in its Zhonghe subsidiary -- the owner and operator of the Airport International Auto Mall in Tianjin and 40% owner of Tianjin Car King -- has been sold to Wuxi Huitong Automobile Sales and Service Co., Ltd. (Huitong) for approximately $62.3 million. Approximately $25.8 million of this amount is payable in cash to Shisheng. The remaining amount of approximately $36.5 million is being paid for by Huitong assuming Shisheng's payment obligation to Zhonghe's former owner.