|
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
Valeant Pharmaceuticals International, Inc. Agrees To Acquire Medicis Pharmaceutical Corporation For $44.00 Per Share In Cash
Combination Creates a Global Leader in Dermatology Transaction Values Medicis at Approximately $2.6 Billion At Least $225 Million Run Rate in Annual Cost Synergies Expected to be Achieved within 6 Months of Closing Transaction Expected to Close in the First Half of 2013 Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) and Medicis Pharmaceutical Corporation (NYSE: MRX) today announced that they have entered into a definitive agreement under which Valeant will acquire all of the outstanding common stock of Medicis for $44.00 per share in cash.
Hertz and Dollar Thrifty Announce Definitive Merger Agreement
Hertz Global Holdings, Inc. (NYSE: HTZ) and Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that they have entered into a definitive merger agreement under which Hertz would acquire Dollar Thrifty for $87.50 per share in cash in a transaction valued at a corporate enterprise value of approximately $2.3 billion.
The combination of Hertz and Dollar Thrifty will create a global, multi-brand rental car leader offering customers a full range of rental options through its strong premium and value brands. The boards of directors of both companies have unanimously approved the transaction.
JinkoSolar Wins Contract to Supply China Guangdong Nuclear with 30 MW of Solar Modules
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company," NYSE: JKS), a fast-growing, vertically integrated solar product manufacturer, today announced that it has won a bid from China Guangdong Nuclear Solar Energy Development Co., Ltd. (China Guangdong Nuclear, of CGN-SEDC) to supply 30 MW of photovoltaic (PV) modules for a PV power plant project planned in Hami city, Xinjiang Province, China. "We are pleased that China Guangdong Nuclear has decided to extend its relationship with us by cooperating on this project in Xinjiang." said Mr. Xiande Li, Chairman of the board of Directors of JinkoSolar. "We believe that this validates our efforts to grow long-term relationship with major players in China's solar power plant industry and that this repeat order is a testament to the quality of our products and services.
JinkoSolar Becomes the First PV Company Passing Anti PID Test by TUV-SUD at 85 Degrees Celsius
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a leading global solar power product manufacturer, today announced that the Company's polycrystalline modules passed PID test at 85 Degrees Celsius/85% relative humidity, following the success of passing potential induced degradation (PID) test at 65 Degrees Celsius weeks ago. This achievement has made JinkoSolar the first company that passed both forward and reverse bias voltage tests under 85 Degrees Celsius/85% relative humidity, and was awarded with "Anti-PID" certificate at this condition by TUV-SUD.
Aetna Enters into Agreement to Acquire Coventry Health Care, Inc.
Aetna (NYSE: AET) and Coventry Health Care, Inc. (NYSE: CVH) today announced that they have entered into a definitive agreement pursuant to which Aetna will acquire Coventry in a transaction valued at $7.3 billion, including the assumption of Coventry debt.(1) Coventry is a diversified managed health care company that offers a full portfolio of risk and fee-based products, including Medicare Advantage and Medicare Part D programs, Medicaid managed care plans, group and individual health insurance, coverage for specialty services such as workers’ compensation, and network rental services. The acquisition is projected to add nearly 4 million medical members and 1.5 million Medicare Part D members to Aetna’s membership. On a pro forma basis, the transaction increases Aetna’s share of revenues from Government business to over 30 percent from 23 percent currently.
Venoco, Inc. Announces Advanced Financing Discussions
Venoco, Inc. (VQ) announced today that it has been informed by Denver Parent Corporation ("DPC"), an affiliate of Timothy Marquez, Venoco's Executive Chairman, that DPC is engaged in advanced discussions regarding the financing of the merger contemplated by the merger agreement among Venoco, Mr. Marquez, DPC and another affiliate of Mr. Marquez (the "Merger Agreement"). DPC has advised Venoco that it expects the $436.5 million financing package to consist of a $21.5 million initial draw on a new first lien revolving credit facility with an initial borrowing base of $125 million, a $175 million second lien term loan at Venoco, an asset sale from Venoco to DPC in the amount of $210 million and capital raises by DPC in the amount of $240 million, including a volumetric production payment on the assets sold to DPC by Venoco.
ViSalus Names Tyler P. Schuessler Chief Administrative Officer
Senior Executive Joins Management Team from Majority-Owner Blyth ViSalus today announced the appointment of Tyler P. Schuessler as Chief Administrative Officer. Ms. Schuessler will join ViSalus on September 1st from her position as Vice President, Organizational Development & Investor Relations at Blyth, Inc., a New York Stock Exchange listed company, where she reports to the Chairman & Chief Executive Officer and is a member of the Office of the Chairman. Ms. Schuessler will be a member of ViSalus' senior executive team and will report directly to Ryan Blair, Co-Founder and Chief Executive Officer of ViSalus.
CNOOC Limited Enters Into Definitive Agreement to Acquire Nexen Inc.
HIGHLIGHTS All-cash price of US$27.50 per Nexen common share The price represents a premium of 61% to the closing price of Nexen's common shares on the NYSE on July 20, 2012, and a premium of 66% to Nexen's 20 trading-day volume-weighted average share price Delivers significant and immediate value to Nexen shareholders The transaction has received the unanimous approval of Nexen's and CNOOC Limited's Boards of Directors
3D Systems' Cube(R) Home 3D Printer Named Cool by Stuff Magazine
3D Systems Corporation (DDD) announced today that its Cube(R) home 3D printer made Stuff Magazine's 2012 Cool List, ranking in the top five out of 19 hottest products for the year. Known for heralding what's new and breakthrough in gadgets, gear and technology, Stuff Magazine refers to this list as 'The Most Awesome Stuff of Now.' The 19 gadgets, trends, apps and items of intrigue that follow aren't just cool -- they're bona-fide tech milestones. See complete information on Cube at http://cool-list.stuff.tv/.
ShangPharma Announces Receipt of "Going Private" Proposal at $8.50 to $9.50 Per ADS
ShangPharma Corporation (SHP) ("ShangPharma" or the "Company"), a leading China-based pharmaceutical and biotechnology research and development outsourcing company, today announced that its Board of Directors has received a non-binding proposal letter dated July 6, 2012 from its Chairman and Chief Executive Officer, Mr. Michael Xin Hui, and entities affiliated with him (collectively, "Founder"), and TPG Star Charisma Limited and its affiliates (collectively, "TPG") to acquire all of the outstanding shares of ShangPharma not currently owned by Founder or TPG in a going private transaction for between $8.50 and $9.50 per American Depositary Share ("ADS", each ADS representing 18 ordinary shares of the Company) in cash, subject to certain conditions.
FDA Panel Recommends Approval of Edwards Transcatheter Valve for High-Risk Patients
Edwards Lifesciences Corporation (NYSE: EW), the global leader in the science of heart valves and hemodynamic monitoring, announced today that a U.S. Food and Drug Administration (FDA) Advisory Panel voted in favor of recommending approval of the Edwards SAPIEN transcatheter heart valve via transfemoral and transapical delivery for the treatment of high-risk patients with severe, symptomatic aortic stenosis. The panel voted 11 to 0, with one abstention, that the benefits of the heart valve outweighed the risks for these patients.
IGT Announces New $1 billion Share Repurchase Authorization and $400 million Accelerated Stock Buyback
International Game Technology (NYSE: IGT), a global leader in driving technology innovations in the gaming industry, today announced that its Board of Directors has authorized a new share repurchase program of up to $1 billion of the Company's outstanding common stock. Additionally, the Company has entered into an accelerated stock buyback agreement with Goldman, Sachs & Co., under which it will repurchase approximately $400 million of its common stock. The accelerated stock buyback will be conducted as the first part of the Company's new $1 billion share repurchase authorization. The remaining $600 million is currently anticipated to be utilized over the next 3 to 4 years.
Barnes & Noble and Microsoft Form Strategic Partnership to Advance World-Class Digital Reading Experiences for Consumers
Newly Formed Subsidiary to Include NOOK® Digital and College Businesses Barnes & Noble Inc. (NYSE: BKS - News) and Microsoft (NASDAQ: MSFT - News) today announced the formation of a strategic partnership in a new Barnes & Noble subsidiary, which will build upon the history of strong innovation in digital reading technologies from both companies. The partnership will accelerate the transition to e-reading, which is revolutionizing the way people consume, create, share and enjoy digital content.
Fusion-io Brings the Power of ioMemory to the Workstation with Fusion ioFX
Based on Fusion ioMemory Technology Used in Projects Including Oscar®-Winning VFX for 'Hugo,' New Fusion ioFX Accelerates Performance for Graphics-Intensive Applications Including 3D, Video Editing, Compositing and Motion Graphics Fusion-io (NYSE: FIO - News) today announced that it is bringing the power of its ioMemory technology to visual effects professionals with the Fusion ioFX. Designed to eliminate data bottlenecks that slow the creative production process for digital artists, the Fusion ioFX enables creative professionals to meet deadlines while exploring more artistic possibilities by bridging the performance gap between workstations and today's powerful digital content creation applications.
McEwen Mining Announces New Silver Discovery at the El Gallo Complex in Mexico
McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce new exploration drill results from its El Gallo Complex in Sinaloa State, Mexico. Highlights include a new discovery called CSX, which returned an impressive 629.4 gpt silver over 6.1 meters and from Palmarito, which returned 240.7 gpt silver over 8.6 meters. Mineralization in both areas starts from surface. In addition, reconnaissance work in Nayarit State, which is located south of Sinaloa, has discovered an exciting silver prospect, which is showing good potential for size and grade (Exhibit 1 & 4). CSX - NEW SILVER DISCOVERY 629.4 gpt Silver over 6.1 Meters
Magnum Hunter Resources Raises Production Guidance
2011 Production Exit Rate to Exceed 12,500 Boe per Day Magnum Hunter Resources Corporation (NYSE: MHR - News) (AMEX: MHR-PC - News) (AMEX: MHR-PrD) (the "Company" or "Magnum Hunter") announced today that it has raised the Company's production guidance for 2011 and 2012 due to higher production levels being experienced from new well completions. The Company's three operating divisions are currently producing at a combined production base in excess of 12,500 Boe per day, significantly above previous company guidance of 10,000 Boe per day as a projected 2011 exit rate. This represents a 455% increase from our daily production rate of 2,750 Boe per day at the beginning of this year.
Endeavour Announces Acquisition of U.K. Producing Assets
-- Acquired assets have current daily production of approximately 10,000 barrels of oil equivalent per day (boepd) -- 2P reserve additions in excess of 33 million barrels of oil equivalent (mmboe) Endeavour International Corporation (NYSE: END - News) (LSE: ENDV.L - News) today announced that its subsidiary, Endeavour Energy UK Limited, has entered into a purchase and sale agreement to acquire ConocoPhillips' interest in three producing U.K. oil fields in the Central North Sea for $330 million , including approximately $94 million of tax attributes.
TI to acquire National Semiconductor
--Complementary portfolios are foundation for growth --Conference call on TI and National websites at 4:30 p.m. CDT / 2:30 p.m. PDT today --www.ti.com/ir and www.national.com/invest Texas Instruments Incorporated (TI) (NYSE: TXN) and National Semiconductor (NYSE: NSM) today announced they have signed a definitive agreement under which TI will acquire National for $25 per share in an all-cash transaction of about $6.5 billion. The acquisition combines two industry leaders in analog semiconductors, each with unique strengths in delivering products to improve performance and efficiency and convert real-world signals in electronic systems. The boards of directors of both companies have unanimously approved the transaction.
New Copper-Molybdenum-Gold Zone Discovered on Ivanhoe Mines-BHP Billiton Joint Venture Licence Approximately 10 Kilometres North of Oyu Tolgoi
Discovery Extends the Known Strike Length of the Oyu Tolgoi Mineralized System to 23 Kilometres Pre-Mining Agreement Concluded With Government of Mongolia Robert Friedland, Executive Chairman and Chief Executive Officer of Ivanhoe Mines Ltd. (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN), and Richard Gosse, Vice-President, Exploration, announced today that Ivanhoe and BHP Billiton Ltd. have discovered a new zone of shallow copper-molybdenum-gold mineralization approximately 10 kilometres north of the Ivanhoe Mines Oyu Tolgoi copper-gold mining complex currently under construction in southern Mongolia. The discovery, known as Ulaan Khud North, extends the known strike length of the Oyu Tolgoi mineralized system by an additional three kilometres to the north, to more than 23 kilometres. |
|
|
Search




