Zale Corporation Reports Third Quarter Fiscal 2013 Results
Net earnings of $5 million, or $0.13 per diluted share, compared to a loss of $5 million in the prior year quarter Gross margin of 52.6 percent, up 130 basis points from prior year quarter Operating margin of 2.2 percent, up 80 basis points from prior year quarter Comparable store sales up 1.4 percent; up 2.6 percent on a constant currency basis and excluding February 29, 2012 Zales branded stores up 3.0 percent; up 3.9 percent excluding February 29, 2012 Year-to-date net earnings of $18 million, or $0.45 per diluted share, compared to loss of $8 million, or $0.23 per diluted share, in the prior year
Zale Corporation (ZLC) today reported its financial results for the third quarter ended April 30, 2013.
Thompson Creek Metals Company Reports First Quarter 2013 Financial Results
Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) (the "Company" or "Thompson Creek"), a growing, diversified North American mining company, today announced financial results for the three months ended March 31, 2013, prepared in accordance with United States generally accepted accounting principles ("US GAAP"). All dollar amounts are in United States ("US") dollars unless otherwise indicated. References to C$ refer to Canadian dollars.
Fortuna drills 7.3 m of 1789 g/t Ag and 10 g/t Au on northern extension of the San Jose mine, Mexico
Fortuna Silver Mines Inc. (NYSE: FSM) | (TSX: FVI) | (BVL: FVI) | (Frankfurt: F4S.F) is pleased to report that exploration drilling has successfully extended the Trinidad ore shoot to the north and to depth with mineralization remaining open in both directions. Results are also reported for the initial infill drilling being carried out in the central portion of the Trinidad deposit for purposes of conversion of Inferred Mineral Resources to an Indicated Mineral Resource classification.
Jorge A. Ganoza, President and CEO, commented, "We are excited by the consistency of the discovery holes drilled north of Trinidad, where we are starting to configure a new wide and high grade silver and gold mineralized shoot that remains open on two directions.
Peabody Energy Announces Results For The Quarter Ended March 31, 2013
- First quarter revenues of $1.75 billion drive Adjusted EBITDA of $280 million - Diluted Loss Per Share from Continuing Operations totals ($0.05) - Cost containment initiatives benefit earnings and lead to additional $200 million indebt repayment - U.S. generation on pace to recover up to 75% of lost 2012 demand - China and India expected to import record coal volumes
Peabody Energy (BTU) today reported first quarter 2013 revenues of $1.75 billion, leading to Adjusted EBITDA of $280.1 million. Loss from Continuing Operations totaled ($10.3 million) with Diluted and Adjusted Diluted Loss Per Share from Continuing Operations of ($0.05).
PTGi Sells BLACKIRON Data for CAD$200 Million to Canada's Rogers Communications
Primus Telecommunications Group, Incorporated (PTGi) (NYSE: PTGI), a global facilities-based integrated provider of advanced telecommunications products and services, announced that it has sold BLACKIRON Data ULC (BLACKIRON Data), PTGI's pure data center operations in Canada, to Rogers Communications Inc. (Rogers) for approximately CAD$200 million. The transaction signed and closed on April 17, 2013.
BLACKIRON Data serves approximately 4,000 customers, reported 2012 revenues of US$34 million and owns and operates a total of eight data centers in five major cities in Canada: two data centers in Ottawa, Ontario, three data centers in the Toronto, Ontario area, one data center in London, Ontario, one data center in Edmonton, Alberta, and one data center in Vancouver, British Columbia, through which colocation, cloud computing, managed services, storage, backup, and other value added services are offered.
NFP to be Acquired by Madison Dearborn Partners for $25.35 per Share in Cash
Equity Value of Transaction is Approximately $1.3 Billion Substantial Value for Shareholders; A Strong Financial Partner to Support NFP's Evolution and Growth
National Financial Partners Corp. (NFP), a leading provider of benefits, insurance and wealth management services, today announced that it has entered into a definitive agreement with Madison Dearborn Partners, LLC, a private equity investment firm, under which a controlled affiliate of Madison Dearborn will acquire NFP.
DISH Network Proposes Merger with Sprint Nextel Corporation for $25.5 Billion
U.S. technology leader with track record of disrupting entrenched incumbents presents superior alternative to pending SoftBank proposal – DISH offers more cash and a greater ownership stake Sprint shareholders would receive $7.00 per share, consisting of $4.76 in cash and stock representing approximately 32% in a company with a significantly enhanced strategic position Creates an industry-leading spectrum portfolio and the only company that can offer customers a fully-integrated, nationwide bundle of in- and out-of-home video, broadband and voice services Delivers substantial synergies and growth opportunities estimated at $37 billion in net present value, including an estimated $11 billion in cost savings
Quicksilver Announces Sale to Tokyo Gas of 25% Interest in Barnett Shale Assets
Quicksilver Resources Inc. (KWK) announced today that it has executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd.
Quicksilver will remain as operator of the assets. Future development spending will be shared in proportion to each party's working interest in accordance with applicable operating agreements.
The effective date of the transaction is September 1, 2012. Closing is expected to occur on April 30, 2013 and is subject to customary closing conditions.
Rosetta Resources Inc. Acquires Oil-Rich Assets in Permian's Delaware Basin Adding Significant Capital Project Inventory Provides new basin entry in Permian and access to oil-weighted multi-pay areas Adds 40,200 net acres in Delaware Basin delineated Wolfbone play Expands capital project inventory by approximately 1,300 gross drilling locations Adds 13,100 net acres with multiple exploratory opportunities in Midland Basin Accretive to cash flow per share in 2014
Rosetta Resources Inc. (ROSE) ("Rosetta" or the "Company") today announced it has entered into a definitive agreement to acquire Permian Basin assets from Comstock Resources, Inc. (CRK) ("Comstock") for a purchase price of approximately $768 million, subject to customary closing adjustments.
New York State Supreme Court Upholds MBIA’s Transformation
MBIA Inc. (MBI) (the Company) today announced that the New York State Supreme Court has upheld the New York State Insurance Department’s (now the Department of Financial Services) decision to approve MBIA’s Transformation in February of 2009, which came after the Department’s thorough and careful analysis. Initially, a group of 18 banks challenged the approval in an Article 78 proceeding, although by the commencement of hearings before the Court, just two banks remained. In its 59-page, thorough and well-reasoned decision, the Court rejected each of the banks’ arguments that the Department’s approval of Transformation was either arbitrary and capricious, or contrary to law.
Ferro Confirms Prior Receipt and Rejection of Unsolicited Proposal from A. Schulman
Advises Shareholders to Take No Action at This Time
Ferro Corporation (NYSE: FOE, the “Company”) today confirmed that its Board of Directors had previously received and rejected an unsolicited proposal from A. Schulman, Inc. (SHLM) to acquire all of the outstanding shares of Ferro common stock for $6.50 per share in cash and stock.
Ferro’s Board of Directors, in consultation with financial and legal advisors, unanimously determined that the A. Schulman proposal is not in the best interests of Ferro shareholders and that continued execution of the Company’s value creation strategy will deliver greater value to Ferro shareholders.
H.J. Heinz Company Enters Into Agreement to Be Acquired by Berkshire Hathaway and 3G Capital
H.J. Heinz Company (NYSE: HNZ) (“Heinz”) today announced that it has entered into a definitive merger agreement to be acquired by an investment consortium comprised of Berkshire Hathaway and 3G Capital.
Under the terms of the agreement, which has been unanimously approved by Heinz’s Board of Directors, Heinz shareholders will receive $72.50 in cash for each share of common stock they own, in a transaction valued at $28 billion, including the assumption of Heinz’s outstanding debt. The per share price represents a 20% premium to Heinz’s closing share price of $60.48 on February 13, 2013, a 19% premium to Heinz’s all-time high share price, a 23% premium to the 90-day average Heinz share price and a 30% premium to the one-year average share price.
Nexen Announces All Required Regulatory Approvals Received
Nexen Inc. ("Nexen", TSX, NYSE: NXY) announced today that Nexen has received approval from the Committee on Foreign Investment in the United States (CFIUS) with respect to the proposed acquisition of Nexen by CNOOC Limited, and now has all of the requisite approvals to proceed to close.
The transaction is expected to close the week of February 25, 2013 and remains subject to customary closing conditions.
The letter of transmittal for the acquisition of common shares will be mailed to registered shareholders shortly and is also available on Nexen's website. For more information common shareholders may visit www.nexeninc.cominvestorinfo.
Gilead Sciences to Acquire YM Biosciences
- Adds Selective JAK Inhibitor to Growing Oncology and Inflammation Pipeline -
Gilead Sciences, Inc. (Nasdaq:GILD - News) and YM BioSciences Inc. (NYSE MKT: YMI, TSX: YM) announced today that the companies have signed a definitive agreement under which Gilead will acquire YM for U.S.$2.95 per share in cash. The transaction has received the unanimous approval of YM's Board of Directors, and values YM at approximately U.S.$510 million, with YM reporting C$125.5 million in cash and cash equivalents as of September 30, 2012. Gilead plans to fund the acquisition with cash on hand. The transaction is expected to close in the first quarter of 2013.
IAMGOLD declares semi-annual dividend of $0.125 per common share
All amounts are expressed in US dollars, unless otherwise indicated.
TSX: IMG NYSE: IAG
IAMGOLD Corporation ("IAMGOLD" or the "Company") today declared a semi-annual dividend payment in the amount of $0.125 per common share that will be paid on January 7, 2013, to shareholders of record as of the close of trading on December 21 2012. This represents more than a 2% dividend yield based on the average closing value of the Company's common shares over the last 20 days.
IAMGOLD's President and CEO, Steve Letwin said, "We currently have over $2 billion of liquidity from which to fund our dividend. Maintaining our current level of dividend payout reflects our strong balance sheet and our continued confidence in the long-term value of our core mining assets."
Knight Capital Group Confirms Receipt Of Proposal From Getco
Knight Capital Group, Inc. (NYSE Euronext: KCG) today confirmed that it is in receipt of a proposal letter from Getco.
As a matter of policy, Knight does not comment on interactions with shareholders or shareholder activities including filings.
Harry Winston Diamond Corporation Announces Agreement to Purchase Ekati Diamond Mine
Harry Winston Diamond Corporation (TSX:HW, NYSE:HWD) ("Harry Winston" or the "Company") is pleased to announce that it has entered into share purchase agreements with BHP Billiton Canada Inc., and various affiliates to purchase all of BHP Billiton's diamond assets, including its controlling interest in the Ekati Diamond Mine as well as the associated diamond sorting and sales facilities in Yellowknife, Northwest Territories and Antwerp, Belgium. The Ekati Diamond Mine consists of the Core Zone, which includes the current operating mine and other permitted kimberlite pipes, as well as the Buffer Zone, an adjacent area hosting kimberlite pipes having both development and exploration potential. The agreed purchase price, payable in cash, is US$400 million for the Core Zone interest and US$100 million for the Buffer Zone interest, subject to adjustments in accordance with the terms of the share purchase agreements.
McEwen Mining Provides Third Quarter 2012 Operational and Development Update
(All Amounts in US Dollars Unless Otherwise Stated)
McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to provide a summary of the third quarter, including operational and development updates, for its mines and projects in Argentina, Mexico and Nevada.
THIRD QUARTER 2012 HIGHLIGHTSGold equivalent production during the quarter totaled 25,200 ounces. Year-to-date, 72,530 gold equivalent ounces have been produced. The Company remains on track to produce approximately 105,000 gold equivalent ounces in 2012.
Ocwen Announces Acquisition of Homeward Residential From WL Ross & Co.
Ocwen Financial Corporation (OCN) and private equity firm WL Ross & Co. LLC entered into an agreement today whereby Ocwen will acquire Homeward Residential Holdings, Inc., including its various residential mortgage loan servicing and origination operating subsidiaries, for approximately $588 million in cash and $162 million in Ocwen convertible preferred stock. Homeward services about 422,000 mortgage loans with an aggregate unpaid principal balance of over $77 billion. Its loan origination business includes correspondent and retail lending and is focused solely on high quality Agency-conforming mortgages.
Heckmann Corporation and Power Fuels to Merge Creating a Leading Environmental Services Company Focused on Energy and Industrial End-Markets
Pro-forma Combined Company Generated Trailing 12-month Revenues of $699.1 Million and Adjusted EBITDA of $221.9 Million as of June 30, 20121,2,3,4 Strengthened Capital Structure and Strong Cash Flow Expected to Support Continued Growth and Expansion – Pro-forma Leverage Reduced to 2.6x Trailing 12-month Adjusted EBITDA Substantial Value Creation Opportunities for Both Organizations’ Stakeholders, Customers, and Employees through Transportation, Recycling, Reprocessing, Re-Use & Disposal Capabilities