Significantly Accretive to Free Cash Flow with Multiple Opportunities for Growth: CenturyLink expects the transaction to be accretive to free cash flow in the first full year following the close of the transaction and significantly accretive on an annual run-rate basis thereafter.
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"The transaction is expected to be accretive to the two companies' combined adjusted earnings per share in 2017 and double-digit accretive in 2018," they said.
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And it will be accretive to earnings within three years.
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WE ARE GROWING AN ACCRETIVE, PROFIT ACCRETIVE, DOLLARS PER SALES FOOT AND WE THINK THAT WE'RE HEADED IN THE RIGHT DIRECTION AND WE THINK THIS IS A CUSTOMER THAT WILL SHOP IN OTHER AREAS.
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The deal would expand Dialog's potential market by more than $1.4 billion, and the company said it expected the transaction to be accretive to its earnings per share in 2018 and accretive to gross margins.
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That means the additional hours were not accretive to their sales.
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How accretive that will be to those people is an unknown.
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The company said the consolidation would be "slightly accretive" this year.
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AIG said the deal would be immediately accretive to its earnings.
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Any acquisition that we do obviously has to be accretive and strategic.
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The company received "sufficient commitments to make this project accretive," Long said.
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Its ARPUs should continue growing, and strong cable wholesale growth is accretive.
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The transaction is expected to immediately be accretive to Vodafone's cash flow.
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We would like to do deals that are accretive to our shareholders.
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Sainsbury's said the transaction will be immediately cash positive and earnings accretive.
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Sanofi expects the acquisition, which brings it established hemophilia products Eloctate and Alprolix, to be immediately accretive to its business earnings per share in the full 2018 financial year and up to 5 percent accretive for the following year.
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The acquisition once approved, is expected to be accretive to Ebix earnings immediately.
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Lions Gate expects the deal to be "highly accretive," it said on Thursday.
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Fitch attributes forecasted near-term margin enhancement to the recent acquisitions becoming accretive.
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Symantec said it expects the purchase to be accretive to earnings in 2019.
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It's dramatically accretive, so their stocks shoot up the minute a deal closes.
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That will factor in to the financials and is accretive to our margins.
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"It's accretive to our shareholders, the returns are solid," Corbat said in July.
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LabCorp expects the deal to be accretive to earnings in the first year.
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THIS IS STILL VALUE ACCRETIVE TO BOTH INVESTORS IN A TOUGH OIL PRICE ENVIRONMENT.
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"It is not a given that the markets will be return accretive," Nomura said.
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It's expected to be accretive to PayPal's non-GAAP earnings per share in 2021.
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"All the new tenants will be absolutely accretive for the neighborhood," Mr. Greenberg said.
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It expects the investment to be accretive to earnings over the next two years.
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Thor said it expected the transaction to be accretive to earnings in the first year.
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And we are a bank, so we can do it — and we can get accretive returns.
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He added that Thanksgiving Day openings were not accretive to sales, and simply spread them out.
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The St. Jude acquisition is expected to be very accretive to 2018 earnings per share (EPS).
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"A deal would be seen as earnings accretive in the near-term," a Reuters source said.
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Aristocrat Leisure expects the acquisition to be earnings accretive in the first full year of ownership.
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Winnebago said the acquisition was expected to be immediately accretive to profit margins and earnings per share.
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She called the tie-up with Amazon "economically accretive," but didn't quantify how the initiative has performed.
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Analysts believe Baxter's strong cash flow generation boosts its ability to actively seek accretive mergers and acquisitions.
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Mallinckrodt said its purchase of the Maryland-based drug maker will be immediately accretive to its earnings.
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He said the deal, which is expected to close in the third quarter, would be accretive immediately.
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" "It's extremely hard to find acquisitions that would be accretive to Apple (in) the $250-$100 billion range.
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Mr. Bronfman, now a managing partner at the investment firm Accretive, is no stranger to the media business.
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Nielsen said it expects the acquisition to be neutral to 2017 GAAP earnings and slightly accretive in 2018.
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The firm says Constellation's expectation for the deal to be accretive by fiscal year 2021 is also encouraging.
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Such buybacks would be strongly value-accretive at this level but I'm not sure I'm winning the argument.
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RBC analyst Amit Daryanani said the potential deal would be accretive to Qualcomm, which could also use offshore cash.
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Ocado expects the agreement to be earnings neutral in the current and 2018 financial years, and increasingly accretive thereafter.
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In fact, readers might recall that Accretive, along with Access Industries, made a spurned offer to buy Time Inc.
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"If a company is acquired in cash, it is almost always accretive because of cheap capital today," he said.
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CONSTELLATION BRANDS INC CFO - WE BELIEVE THAT CANOPY WILL BE ACCRETIVE TO OUR EARNINGS IN FISCAL '21- CAGNY CONF.
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Analysts at Credit Suisse said the deal was highly accretive for IOOF, the largest independent financial network in Australia.
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Multimedia Polska Acquisition, Ratings Accretive: The MMP acquisition announced in 2016 has yet to be completed, following regulatory delays.
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TO ENHANCE THEIR GLOBAL FOOTPRINT * DEAL WILL IMMEDIATELY BE ACCRETIVE TO EARNINGS Source text for Eikon: Further company coverage:
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NXP is a market leader in hot areas like automotive, growth that could be quite accretive to its acquirer.
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The merger is expected to be earnings-neutral to Gama Aviation in 2017 and 2018, and earnings-accretive thereafter.
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|
Adecco says General Assembly will be "modestly dilutive" to its earnings this year but "modestly accretive" starting next year.
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The transaction is capital accretive for the group, strengthening its core equity tier-1 capital ratio by 22 basis points.
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"Strong volume growth from accretive barrels and seamless execution remains underappreciated," Bernstein which has an "outperform" recommendation on the stock.
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Represents a premium of 20 pct over closing price of Reynolds common stock * Deal earnings accretive in first full year.
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"(The deal) was already earnings accretive (for IOOF) but this adds a bit more cream on the cake," said McGlew.
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The company said the transaction would be slightly dilutive to earnings per share in 2017 and accretive the following year.
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In previous interviews, Mr. Dorsey has said many of these tweaks are long overdue and accretive to overall user growth.
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"The transaction is expected to be marginally accretive to Scentre Group's earnings from 2020," the company said in a statement.
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UBS analysts cautioned that Baxalta could actually dilute Shire earnings from 2019 to 803 before being accretive again from 2024.
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Mylan said the acquisition was immediately accretive to its earnings, increasing to 35 cents to 40 cents a share in 2017.
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"Strong volume growth from accretive barrels and seamless execution remains underappreciated," said Bernstein, which has an "outperform" recommendation on the stock.
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|
The company anticipated the deal to be neutral to adjusted earnings in fiscal 2018 and accretive in fiscal 2019 and beyond.
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He expects the deal to be immaterial to Target's near-term results and modestly accretive to earnings per share in 2018.
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Burberry said the deal would be broadly neutral to adjusted profit before tax in 2017/18 and accretive the following year.
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"Proposed US Tax Reform could be very accretive for Apple," Bernstein analyst Toni Sacconaghi wrote in a note to clients Friday.
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|
He'd ask me what method of valuation could be best massaged to show an earnings-accretive merger in a financial model.
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Diploma was the stand out mid-cap gainer after an earnings-accretive acquisition of fluid sealing products supplier Virginia Sealing Products.
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"Such an acquisition could be highly accretive," the analysts wrote, estimating that a deal could add 30 percent to Qualcomm's earnings.
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"To go and acquire something has to make a huge amount of sense, it has to be value-accretive," she said.
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"Throughout the downturn, Murray has capitalized on opportunities to make value-accretive asset acquisitions," the company said in its bankruptcy documents.
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Importantly for public radio, which is funded by listeners, this listening is accretive, as NPR hasn't seen declines on other platforms.
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The deal, which is expected to be accretive to earnings per share, will nearly double Virtus' assets under management to $86.8 billion.
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The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.
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Drexel Hamilton analyst Cody Acree said South Korea's Dongbu could be a target as it would be immediately accretive to TowerJazz's earnings.
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"With lower discounts on higher value items, the program should be margin accretive — assuming no change to customer habits," the note said.
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|
When its deal to acquire the Oncor stake was announced, NextEra said it expected it would be meaningfully accretive to its earnings.
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DHX Media said the deal would be 6 percent to 10 percent accretive to earnings per share, on a pro forma basis.
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"The bigger deal is if they're going to be paying mostly cash it would be much more accretive to CVS," he said.
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Acquires wireless access assets from microsemi corporation * Expects transaction to be accretive to gaap and non-gaap earnings per share in 2017.
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"AMD's accretive share gains could extend given main rival's Intel's manufacturing challenges," analyst Vivek Arya said in a note to clients Tuesday.
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"We are feeling very good about our commercial profile at the moment... We do see continued opportunities for accretive acquisitions," Rolet said.
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|
The potential inquirers include the Meredith Corporation and a group led by Edgar Bronfman Jr, managing partner at the investment firm Accretive.
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|
Each financing event is more of a check-in point on the value of the company than a true dilutive or accretive event.
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Value-Accretive Acquisitions: Fitch expects Accor will remain very active in small-sized strategic acquisitions in digital, alternative accommodation and premium service businesses.
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Minali said any deal would have to be "value accretive" for Cattolica and based on a reasonable financial valuation of UBI's business business.
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Fitch expects Quironsalud to be cash-generative and earnings-accretive for Fresenius, supporting a smooth deleveraging path over the four-year rating horizon.
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The good news now is that, with a ¥400 million ($4 million) profit, Sony's mobile division is actually accretive to the company's fortunes.
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The transaction will be immediately accretive to earnings, the companies said, and is expected to close during the second half of the year.
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The lender said the deal would be immediately accretive, boosting group net revenues by 1 percent and net profit by around 2 percent.
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Breedon said on Wednesday it expects the acquisition to be accretive to underlying earnings per share in the first full year following completion.
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It's the time between the financings, when the company was burning cash to build additional value, that was truly the accretive or dilutive journey.
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They added that the deal gave Ingenico an implied equity value of 7.8 billion euros and would be immediately accretive to earnings per share.
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"Given lack of excess capital at Aegon we believe (it would) not be value accretive overall from Aegon's perspective," he said in a note.
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|
IBS also said it intends to use the proceeds to strengthen and expand its business through both internal development and value-accretive M&A.
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|
Deutsche Bank, which expects Andritz's EBITDA to stay flat this year, calculates the deal to be 17 percent accretive on the expected EBITDA level.
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|
"This strategic combination advances our strategy and is immediately accretive to our five-year plan," Chief Executive Officer Doug Suttles said in a statement.
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|
Amundi's majority shareholder Credit Agricole said that it expected the deal to have an accretive impact on its earnings by more than five percent.
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|
Fitch views favourably the diversification benefits of Saham's holding; however, it is not clear if the transaction will prove earnings-accretive to the group.
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|
The company said the purchase was expected to be accretive to earnings, particularly as Airbus ramps up production of A320neos, increasing economies of scale.
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"It's accretive to yield and their exposure is likely not big enough across portfolios to make a dent if it goes bad," Schawel said.
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|
Tata and Bharti Airtel will work together to further explore other mutual areas of cooperation, that will be value accretive for both the Groups.
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The Western Australia-based company said the acquisition would be accretive to its earnings per share in the first full financial year of ownership.
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The Western Australia-based company said the acquisition would be accretive to its earnings per share in the first full financial year of ownership.
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The deal is expected to close by December and is expected to be "significantly accretive" to PBF's earnings and cash flow, the company said.
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|
J&J said it expected the transaction to be immediately accretive to its adjusted earnings per share and accelerate its revenue and earnings growth rates.
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"This acquisition will be value accretive in its own right, strategically important and company making," said Bega Cheese's executive chairman, Barry Irvin, in a statement.
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|
Accretive bolt-on acquisitions and recent restructuring efforts have supported this growth, and benefits from this type of activity could continue over the rating horizon.
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Which, if you're a smart guy who wants to run an accretive campaign with nongrievance politics, is waking up in the middle of a nightmare.
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"We need to do a lot more work really into the fundamentals to see how this will be accretive to the bottom line," said Tatro.
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"Investors are just as likely to criticize or punish companies for unfocused acquisitions where they have overpaid for unproven, non-earnings accretive benefits," she said.
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|
"This is not a bad deal - it does not stress Singtel's balance sheet and at the same time is earnings and dividends accretive," Nomura said.
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|
The deal is expected to be dilutive to Stryker's 2018 adjusted net earnings by about 4 cents per share, but accretive thereafter, the company said.
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|
The deal, which includes debt of about $53 million, is expected to be immediately accretive to adjusted net income per share, UK-domiciled Cardtronics said.
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|
Leverage could migrate lower depending upon acquisition volumes and funding mix, though Fitch expects the issuer's primary focus will be demonstrating accretive growth to shareholders.
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Shell predicts the tie-up will be earnings-accretive at an average crude price of $60 a barrel over a 20-30 year time horizon.
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"The projects that we put into the portfolio have very good returns, are accretive and are advantaged versus the rest of the competition," Woods said.
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|
"We think an $870 price would be accretive to EPS but dilutive to gross margin, a dynamic Apple has said it would accept," UBS noted.
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|
Gartner said the deal would immediately add to adjusted earnings per share on completion, and be "double-digit percentage accretive" to adjusted EPS in 2018.
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|
Painted wet-on-wet in a single day, each canvas contains accretive layers of lush, oily color, hiding — and revealing, in glimpses — their bottommost layers.
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From a user's point of view, every share, like or comment is both an act of speech and an accretive piece of a public identity.
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The 2Q17 loss included a high charge relating to the capital-accretive sale of BAGL and additional UK customer redress provisions (PPI) of GBP700 million.
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"That would be around 6% accretive for our earning per share in 2021, while a 1 billion euro right issue would be dilutive," he said.
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|
Our time on earth is finite, and the most value-accretive firms and offerings in the future will be those that extend or enhance time.
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Financial details were not disclosed but the deal, if finalised, would have an accretive impact on Plastic Omnium's profitability, Plastic Omnium added in a statement.
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Such combination would be structured in a way to be value accretive to all parties involved, Vodafone and Telecom Italia (TIM) said in a joint statement.
|
|
When we did Red Hat it will be 200 basis points to our revenue growth, as we talked about, that's right, accretive in the second year.
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"We see the deal as a major positive for Informa, being earnings accretive and increasing its exposure to geographically and divisionally attractive areas," Liberum analysts said.
|
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Oncor will diversify Sempra's business away from California and enhance its growth prospects, though it is only modestly accretive to earnings in the first four years.
|
|
The company expects the XL takeover to be cash accretive, and result in cost synergies of around $400 million per year, based on pre-tax earnings.
|
|
It also said it expected the deal to be "earnings accretive in the first full year of consolidation" and would be financed from existing balance resources.
|
|
The RoTE for 9M17 was a low 4.5%, excluding a pre-tax loss of GBP2.5 billion relating to the capital- accretive sale of the African operations.
|
|
Hydro predicted it would see annual synergies of 200 million crowns, and that the deal would immediately be accretive to earnings and secure strong cash generation.
|
|
"This M&A has to be clearly accretive and we want to do M&A where the execution risk is manageable," Pottmeyer told CNBC on Thursday.
|
|
Nice expects to close the deal before the end of 2016 and expects the acquisition will be accretive to earnings on an adjusted basis in 2017.
|
|
Most of all, it adds to the already-positive 2018 outlook for industrials like his, with potential infrastructure and tax legislation being fundamentally accretive, Kneeland said.
|
|
MYOB said it would fund the deal by debt and that it expected the purchase to be earnings per share accretive on an underlying basis immediately.
|
|
The joys were accretive and personal; the mind selected and inventoried some subset of these items and slowly fashioned a voice and a narrative around them.
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The combination should be "immediately accretive to earnings per share," said the statement, noting the bid for Moy Park values the entire company at $1.3 billion.
|
|
Altran said the acquisition, which is expected to close in the first quarter of 2018, would be accretive to earnings per share from the first year.
|
|
Most of Deutsche's prized assets are not going to be value accretive in a divestment until bank shares recover, making large-scale transactions unlikely before 20.8928.
|
|
Deutsche Bank analysts said in a note that a takeover of Bombardier's rail division would be accretive to Alstom's earnings per share by around 17 percent.
|
|
Performance Food expects the deal to be low-single digit accretive to adjusted earnings in the first year, rising to double-digit in the third year.
|
|
Amadeus sees combined core earnings of 2.02 billion euros and revenue above 5.06 billion euros after it closes the deal, which it expects to be immediately accretive.
|
|
We expect management to now focus its attention and bandwidth on other less onerous deal prospects, which would potentially be accretive to its current 2019 guidance framework.
|
|
The deal, which implies a value of A$2.46 per Integral Daignostics share, is expected to be earnings per share accretive, Capitol Health said in a statement.
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|
AGL said its proposal, which is below a A$3.3 billion bid withdrawn by Swedish private equity firm EQT Infrastructure last week, would be accretive to earnings.
|
|
Jude medical * Transaction expected to be accretive to abbott's adjusted earnings per share(1) in first full year after closing and increasing thereafter * Abbott laboratories says st.
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"Berkshire now has over $100 bn of immediately deployable cash for accretive acquisitions to supplement organic growth as well as for investments and share buybacks," he added.
|
|
"We will continue to evaluate these opportunities but are only interested in transactions that will be financially accretive and that will add strategic digital sockets," he said.
|
|
Boston Scientific said it expects the deal to be immaterial to 2017 results, on an adjusted basis, slightly boost results in 2018, and be increasingly accretive thereafter.
|
|
The company expects the deal to be accretive to earnings in 2019 excluding potential revenue synergies and assuming fully phased-in cost saves of $65 million annually.
|
|
So when I look at a market like Korea which was the biggest drag on our returns three years ago, it's now solidly accretive to our overall performance.
|
|
We have "increased comfort around return on invested capital on recent initiatives, which we believe are accretive, opportunistic, and conducted from a position of strength," Credit Suisse said.
|
|
MiMedx said it expects the transaction to be accretive to full year adjusted EPS in 2016, and it revised its expected annual revenue to $260 to $270 million.
|
|
As we've noted in prior reports, the planned acquisition looks free cash flow accretive to OXY, but it also pushes leverage to among the highest in our coverage.
|
|
Traffic also accelerated sequentially, and digital sales increased +219% in the quarter and now represent ~230% of sales (recall that digital sales are also margin accretive to Chipotle).
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I spoke with some people at NPR and they were saying that, thanks to smart speakers, [they] have seen such growth in listenership and all of it's accretive.
|
|
It was there, we get along well, there's a lot of accretive synergies and they were in a position where they really could have benefited it as well.
|
|
If confirmed the approval would remove the last major obstacle to the deal, which Baader Helvea analyst Markus Mayer said would be highly accretive for the German group.
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|
Silego is expected to grow its top line by at least 15 percent from this year's $80 million, and will be accretive to earnings in 2018, Bagherli said.
|
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The deal is expected to close in the first quarter of 2016 and Nice said the acquisition would be accretive to earnings on an adjusted basis this year.
|
|
"Strauss Coffee gives us more operational flexibility by being 100 percent owners of the company," Strauss CEO Gadi Lesin told Reuters, noting the deal was accretive to earnings.
|
|
"This investment is expected to be immediately accretive and provide our shareholders with gold price optionality over multiple cycles and potential further exploration and expansion upside," he said.
|
|
AGL initially said its second proposal, which was pitched below a A$3.3 billion bid withdrawn by Swedish private equity firm EQT Infrastructure, would be accretive to earnings.
|
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I would encourage startup founders, employees and investors to stop viewing up-round financings as dilutive and recognize that they are accretive (except when they incentivize future wasteful spend).
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The deal is expected "to be accretive" to Hershey's financial targets as the company delves into the more than $2.5 billion cheese puffs market, Hershey said in a statement.
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|
The deal is projected to be accretive to earnings in its first year and generate $75 million in synergies by the end of its third year, the companies said.
|
|
Paul Sankey, Mizuho energy analyst, said he believes both companies could bid into the low $80s per share if they wanted to, and the deal would still be accretive.
|
|
The deal, which is expected to close in the first quarter of 2017, will be "modestly accretive immediately to adjusted earnings per share," Johnson & Johnson said in its statement.
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"I look at it as a failure on our behalf to not go and get additional accretive growth," said Liu of Airtable's lax approach to proactively upselling existing customers.
|
|
Indicated 21 percent lower The financial technology group said it plans to acquire FCB Firmen-Credit Bank GmbH (FCB), which it expects to be significantly earnings accretive by 20.9234.
|
|
WHEN WE CLOSE THE TEVA DEAL, TALKING ABOUT HOW TO DEPLOY THAT CAPITAL IN THE MOST ACCRETIVE WAY FOR OUR SHAREHOLDERS AND SUSTAIN THE GROWTH PROFILE OF OUR BUSINESS.
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"The GE Transportation exit (to be merged with Wabtec) appears accretive and is a strategic plus for GE," Cowen analyst Gautam Khanna said in a note to clients Monday.
|
|
Ellwanger said TowerJazz was "actively pursuing" partnerships in China, including plants that get funding from municipalities so that TowerJazz's investment is minimal and where the deal is accretive immediately.
|
|
"This transaction is immediately accretive to both cash flow and earnings per share and delivers further growth over coming years," said Total Chief Executive Patrick Pouyanne in a statement.
|
|
He reiterated the firm was pursuing multiple opportunities in China, where TowerJazz would buy a factory with a minimal investment and where it would be accretive to earnings right away.
|
|
GSK said buying Tesaro would weigh on adjusted earnings for the first two years by mid to high single digit percentage rates, but the acquisition should be accretive by 2022.
|
|
The deal, which also includes a $400 million milestone payment upon completion of the gathering pipeline in the second half of 2020, is immediately accretive to DTE Midstream, DTE said.
|
|
The transaction is expected to be accretive to adjusted earnings per share in the first full year, and will increase annual revenue by 27 percent to more than $7 billion.
|
|
The deal is expected to be about 10 percent accretive to Huntington's earnings per share in 2018, the first full year after all expected synergies are implemented, the company said.
|
|
Among technology stocks, Bravura Solutions Ltd was the best performer, adding as much as 1.63% after saying it would buy of domestic software maker FinoComp in an earnings-accretive deal.
|
|
The deal, worth $13.44 per share as of Thursday, represents a premium of 9.5 percent to Polycom's last close and is expected to be accretive to Mitel's shareholders next year.
|
|
The Pennsylvania-based company said it expected the deal to be neutral to earnings per share in fiscal year 2020 and accretive starting fiscal year 2021, according to a statement.
|
|
Pfizer, which already has a long-standing HIV medicines joint venture with GSK, said the transaction would be slightly accretive in each of the first three years after it closed.
|
|
Many companies with shale assets are trading at depressed prices and would "be accretive to the larger caps or majors," said Geoffrey King, a portfolio manager at investment firm Macquarie Group.
|
|
The company said it expects the Anadarko acquisition to be accretive to free cash flow and earnings one year after closing, with a $60 price for Brent, the international oil standard.
|
|
Even while serving as chairman and CEO of Warner Music, he served as the managing partner at Accretive, an 18-year-old private equity and venture firm based in New York.
|
|
Nomura's Curtis said privately held casinos in regional markets outside the U.S. could be targets for acquisition, but that there aren't many left that could be sold at an accretive price.
|
|
FTN has also been accretive to earnings even as average daily revenue (ADR) for the line has remained well below management's stated long-term target of $1.0 million to $49473 million.
|
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M&A-induced leverage would be considered in the context of how accretive a deal is likely to be and the timeframe set by management to deleverage to more conservative levels.
|
|
However, investors will soon capitulate on their expectation of upside to 2017 EPS forecasts as they face the reality that the accretive impact from tax reform will not occur until 2018.
|
|
"We continue to believe that the market underappreciates the accretive impact of AIG's elevated buybacks as it continues to trade at a significant discount to P&C [property and casualty] peers."
|
|
Thor said it expected the transaction to be accretive to earnings in the first year, and Chief Executive Bob Martin stressed that the investment case was not a cost-cutting story.
|
|
The deal, which is expected to be accretive to Hershey's financial targets, values Amplify at roughly 14.8-times 2017 adjusted earnings before interest, tax, depreciation and amortization, including the synergy savings.
|
|
Now, as tenants have started to realize that Thanksgiving Day openings simply spread out their sales — and were not accretive to their top lines — they've become more receptive to the initiative.
|
|
The deal, which is expected to close by mid-August, will add to RPC's earnings per share within the first financial year and be "materially accretive" within the second, it said.
|
|
"Partnerships, a merger, spin-offs and other value accretive deals make up more than 40 percent of the FCA investment case," said Michele Pedroni, a fund manager at Decalia Asset Management.
|
|
MVNO Platform: T0003R's willingness to open the company's network to mobile virtual network operators (MVNOs) is likely to be margin-accretive as it helps the company to better utilise its infrastructure.
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But don't think that we're dragging ourselves into the wrong part of the financial world; Accolade is backed by Andreessen Horowitz (a16z), Comcast Ventures, Carrick Capital, and New York-based Accretive.
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Current owner AMP Capital Diversified Property Fund will now become a 50% joint venture partner, Scentre said, adding that the transaction is expected to be marginally accretive to earnings from 2020.
|
|
Gap has not broken out sales figures for Athleta, which opened its first flagship store in 2011, but CEO Art Peck has said the brand is "highly accretive" to overall earnings.
|
|
THINK OF THIS, WHEN YOU DO SOMETHING STANDARD VERSUS CUSTOM, THERE'S MORE MARGIN IN IT. SO THE MORE WE SHIFT TO THE CLOUD WITH US IS ACTUALLY ACCRETIVE TO OUR MARGINS.
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The Pennsylvania-based company said in a statement that it expected the deal to be neutral to earnings per share in the 2020 fiscal year and accretive from the following year.
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Appropriate Leverage Fitch expects leverage to sustain in the mid-5x range as the company funds accretive acquisitions and build-to-suit development projects with proceeds from dispositions on lower yielding assets.
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Furthermore, the transaction will be accretive to CenturyLink's existing growth profile with additional upside opportunities, including the ability to deploy CenturyLink's and Level 22016's product portfolio across the combined customer bases.
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"Going forward, Altice will continue to assess the use of excess cash for either significantly accretive M&A (mergers and acquisitions) opportunities or further shareholder returns," the company said in a statement.
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"This trend should not only differentiate Amazon's offering, improve the user experience and help grow retention, but also prove accretive to margins, which through reinvestment, should reinforce Amazon's moat," the note said.
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The deal is expected to increase annual revenues by approximately $115 million in the first 12 months after the acquisition and be accretive to non-GAAP earnings in its first full quarter.
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ALLERGAN STANDS FOR ALL THOSE THINGS AS WELL BUT HAS A MORE EFFICIENT TAX STRUCTURE, HAS A STRONG BALANCE SHEET AND I THINK A REALLY STRONG SKILL AT BUYING ACCRETIVE GROWTH ASSETS.
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The deal will be accretive to CBU's earnings in 2018 and synergies from the transaction are expected to fully absorb the costs CBU will incur by crossing over $10 billion in assets.
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For Bunge to drive EBITDA growth beyond the current $3371908 billion range, the company will need to improve its execution on improving asset returns and may need to consider additional accretive acquisitions.
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St. Jude's acquisition is expected to be accretive to Abbott's adjusted earnings per share in the first year after the deal closes, which should be during the fourth quarter, the statement said.
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The deal, which is expected to be accretive to adjusted profit from the second full year of ownership, comprises $65 million paid on closing and up to $15 million in potential milestones.
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The acquisition of Aurora is expected to be about three percent EPS accretive post-placement on a pro-forma FY2019 basis before expected revenue and cost synergies, Sonic said in a statement.
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"The transaction is expected to be highly accretive to free cash flow and brings consolidated net leverage to 4.7x and 5.1x through the preferred financing," said Sinclair Chief Executive Officer Chris Ripley.
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The acquisition is accretive to Funds From Operations (FFO) per share, with a full year impact on revenues of eur 26.25 million euros and FFO of around eur 21 million euros expected.
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In summary, we believe Nike will drive growth across geographies, categories and channels, where benefits of scale and scaled omnichannel infrastructure will become key drivers of margin accretive and capital light growth.
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Instead, they should obsess about the burn rate and ensure that the capital being burned is invested in high-confidence opportunities that yield true value that will be reflected in accretive future financings.
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He said that even though Google is paying a 63% premium to Looker's valuation from six months ago, he wouldn't have done the deal if he didn't see it as accretive to Google.
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"As these businesses scale over the coming years, this drag should not only reverse but become an accretive contributor to the firm's ROE," Scherr said about the businesses on a call with analysts.
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"There is market skepticism that this purchase will be earnings accretive considering Coffee Bean's 2018 loss is about 12% of Jollibee's profit last year," Rachelle Cruz, an analyst at AP Securities, told Bloomberg.
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"We continue to like Activision's lineup for 2016 (even without a new 'Destiny' game), its overall portfolio depth and believe the acquisition of King Digital will prove more accretive than planned, " he said.
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Over the medium-term, we expect the announced disposals to be accretive to Barclays' capital ratios, but only once regulatory deconsolidation is achieved, which for most of BNC assets should happen by 2033.
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"(We) Aim at superior execution of existing projects and continuous improvement of operations (in Brazil) ... also open to consolidation and value accretive growth opportunities", EDP's Chief Financial Officer Miguel Stilwell said about Brazil.
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The deal is expected to reduce net debt and be accretive to WorleyParsons' earnings per share in the first year of ownership, and is expected to be completed by the end of October.
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The partnership will be accretive to Coty's net revenue growth of its core fragrance, cosmetics and skin care business by more than 1% per year over the next three years, the company said.
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"We believe this is a very attractive use of our cash given the value of our assets and the highly accretive nature of this program," Chief Executive Al Walker said in a statement.
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So, we think we can build a nice business and it doesn't even have to be 5% share and we would have an excellent business that would be very accretive for Goldman Sachs.
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The deal, which takes Royal Mail into Canada, was funded through existing borrowing facilities and will be earnings and cash flow accretive in the financial year ending March 31, 2019, the company said.
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I'm just curious how you view the opportunity in video, and I guess assuming you can just leverage the costs that you've made already, it should be accretive to margin I would think.
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The theory basically suggests that if your product or service is anyway threatening or accretive to one of these incumbents, they will either force-buy your company or clone it and destroy your market.
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As a result of the deal, which the company said was accretive, Stryker raised its full-year 2016 adjusted earnings guidance by $0.05 a share to a range of $5.55 to $5.75 a share.
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Paradoxically, given the same stage of growth, the $5 million financing for 20 percent of the company is often more likely to be long-term accretive than the $20 million financing for 20 percent.
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The French company said it would cancel a previously announced share buyback and finance the Epsilon deal with debt, adding that the acquisition would be earnings- and cash flow-accretive from next year onwards.
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Our in-depth analysis tells a different story with TV+ accelerating Services growth to 20% in FY20 and becoming accretive to EPS in FY21, assuming just 1 in 10 AAPL users subscribe by FY25.
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I also think there's this idea of media companies at the time, and probably still, when you make an acquisition like that, it has to be accretive in three years or some ridiculous number.
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"This transaction is positive for Newmont, because it establishes it as the world's leading gold producer with a deal that is accretive on nearly all key metrics," analysts at Scotiabank wrote in a note.
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"This may excite some: an acquisition of the stake by L'Oreal, part-funded by a sale of its own Sanofi stake would be circa 10 percent accretive," Investec Securities analysts said in a note.
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Fitch projects that GPT's fixed-charge coverage ratio will sustain at the high-3.0x level through 2019, driven by accretive acquisitions and developments, and partially offset by increased interest expense from unsecured bond issuances.
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The deal is expected to enhance Euromoney's revenue growth and be earnings accretive in its current financial year as Wealth-X generates a steady revenue flow from selling subscriptions which have high renewal rates.
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Chief Executive Officer Devin Wenig on a post-earnings call reiterated that the company was reducing third-party ads that are not accretive and remained on track toward a $1 billion advertising revenue opportunity.
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"The return of capital comes from the fact that the business is very accretive, very profitable ... the dividend is 220 cents for the foreseeable future," HSBC Finance Director Iain Mackay told Reuters on Monday.
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ACQUIRES 30 PROPERTIES FOR $52 MILLION * GETTY REALTY - FUNDED DEAL THROUGH FUNDS AVAILABLE UNDER REVOLVING CREDIT FACILITY AND EXPECTS TRANSACTION TO BE IMMEDIATELY ACCRETIVE TO NET EARNINGS Source text for Eikon: Further company coverage:
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The deal is expected to be about 40% accretive to Oriental Bank parent OFG Bancorp's earnings per share in 2020, and the lender will have a loan portfolio totaling $7.2 billion and about 500,000 customers.
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Aside from further diversifying the company's end market portfolio, Brocade's more profitable revenue will be accretive to Broadcom, which resulted in the company recently increasingly its long-term operating margin targets to 45% from 40%.
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The merger is capital and earnings accretive with fully loaded Core equity Tier-1 (CET1) rising to 13.8 percent and pre-provision income to 0.28 euros per share, the two companies said in a statement.
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"It is unfathomable that Campbell management could improperly represent to shareholders that the largest acquisition in the company's history would be accretive and just five months later admit that they blew it," the letter said.
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HICL said the deal was in line with its strategy to buy low-risk infrastructure investment assets that produce long-term income and would be accretive to its existing portfolio in terms of total returns.
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J&J said it expected the transaction to be immediately accretive to its adjusted earnings per share and accelerate its revenue and earnings growth rates although synergies were set to play just a small role.
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The tie-up was expected to be immediately accretive to both sets of shareholders, "increasing to mid- to high-single digit accretion in earnings per share over the next couple of years", the statement said.
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Coach — The handbag and accessories maker was upgraded to "buy" from "neutral" at Goldman, which is upbeat about Coach's planned acquisition of Kate Spade and its overall willingness to deploy capital to make accretive acquisitions.
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"The deal may be earnings accretive, but Mylan is paying a huge premium in a deteriorating market," Clinical Assistant Professor Erik Gordon, from the Ross School of Business at the University of Michigan, told Reuters.
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Credit Suisse analysts said in a note in September that a debt-funded acquisition by Euronext would be about 10-15 percent accretive before synergies, depending on the business that it acquired from LSE Group.
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Xerox, however, said in its disclosures Visentin told Weisler that an acquisition of HP would be highly accretive for Xerox shareholders, despite the fact that a transaction in the opposite direction would be more straightforward.
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Xerox, however, said in its disclosures Visentin told Weisler that an acquisition of HP would be highly accretive for Xerox shareholders, despite the fact that a transaction in the opposite direction would be more straightforward.
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"In addition to fitting in exceptionally well strategically, we get a well run profitable business that is immediately accretive to our earnings," Canadian Tire Chief Financial Officer Dean McCann told analysts on a conference call.
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GOGO PENGUIN With the lineup of a standard piano-bass-drums jazz trio, GoGo Penguin made a different kind of music: repetitive and accretive like dance music, richly chorded over ceaseless ostinatos, reveling in permutations.
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DHX Media, which owns rights to popular children's television shows including "Bob the Builder" and "Teletubbies", said the deal would be 6 percent to 10 percent accretive to earnings per share, on a pro forma basis.
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However, as the transaction is initially dilutive on an earnings basis, the issuer has some incentive to maintain or increase leverage to reduce the amount of dilution and the time frame for it to turn accretive.
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The company said the acquisition, which is expected to close in the first quarter of 2018, would be accretive to earnings per share from the first year and will generate 150 million euros of additional revenues.
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"It is tough to find things which are value accretive in the current market and there are lots of assets out there right now," he said in a call to analysts following BP's first quarter results.
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In the work that we've done in the last several weeks to date, Takada equity at 12 times year one earnings, the deal is 35% accretive to them, looks quite attractive as a longer term investment.
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The firm's clients at the time under potential attorney general scrutiny included Accretive Health, a Chicago-based health care company; Bridgeport Education, a for-profit college; and Herbalife, a nutritional beverage company, the Florida investigation confirmed.
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Aqua is buying Peoples from SteelRiver Infrastructure Partners, with the deal anticipated to be immediately accretive to Aqua's earnings in the first full year after its close - anticipated by the middle of 2019, the statement said.
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Seagate's up to $1.25 billion participation in the Bain-led consortium's acquisition should be accretive to earnings and the long-term NAND supply agreement should enable Seagate to grow its SSD business faster and more profitably.
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The bank did not disclose financial details but said the deal would soak up about 30 basis points of its Common Equity Tier 1 capital ratio and would be slightly accretive on its earnings per share.
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"The investment from new long-term shareholders in Ubisoft demonstrates their trust in our future value creation potential, and Ubisoft's share buy-back will be accretive to all shareholders," said CEO Yves Guillemot in a statement.
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Buffett also noted it is very hard for a company of Apple's size to find an acquisition that would be accretive to earnings, probably in the $53 billion to $100 billion, or even $200 billion range.
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The transaction will be accretive to Abbott's earnings per share when the deal closes, and is expected to add about 12 to 13 cents a share in 2017 and more than 20 cents a share in 2018.
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Catholic health system Ascension and private equity firm TowerBrook hold a majority stake in R1 RCM, which used to be named Accretive Health and was prohibited from doing business in Minnesota due to its aggressive collections practices.
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"The shares have done well since Q3 but, with Tesla having demonstrated its profit and self-funding potential, its growth becomes value-accretive just as peers are engaging in a mostly negative EV sum game," Houchois said.
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Bronfman, who is a managing partner of private equity firm Accretive LLC, made the bid along with Russian-born billionaire Leonard Blavatnik, the founder of holding company Access Industries, and Israeli businessman Ynon Kreiz, the Post reported.
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"Management is appraising the most effective model for balanced capital allocation in order to take advantage of growth opportunities, make value accretive additions to the portfolio, and pave the way to returning capital to shareholders," it said.
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Plank divisions generated 2015 revenue of $18.5 million, and are expected to be immediately accretive * Xerium technologies inc says deal valued at $18 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 646 8780)
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Cowen & Co analyst Lance Vitanza said in a research note that New York City was an "obvious gap in Tronc's footprint" and said it would accretive to Tronc's earnings and free cash flow within 12-18 months.
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The company, owned 40 percent by Norway's Aker ASA and 30 percent by BP, prefers oil-related assets rather than gas, and wants acquisitions to be accretive to its earnings, he added, without naming any potential targets.
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"The deal, if approved, could be accretive for Azul," wrote analysts at Brazil bank BTG Pactual in a note to clients, highlighting the profitability of operations at Congonhas and the possibility of acquiring Avianca Brasil's loyalty program.
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Analysts at Itau BBA point out in a report to clients that if the price is 2 billion reais, the deal is "accretive to YDUQs shareholders," with a lower price per student than YDUQ share price implies.
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"BCO is now at the midpoint of its three-year strategic plan and remains on track to continue generating organic growth and complete accretive acquisitions," SunTrust Robinson Humphrey analyst Tobey Sommer wrote in a post-earnings recap.
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"The time, resources and capital invested to pursue a transaction with a high likelihood of failure, rather than accretive and value creating opportunities, is not in the best interests of Sina shareholders," Sina said in a statement.
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ANNOUNCES ACQUISITION OF GOMEDIGAP TO FURTHER ACCELERATE EXPANSION OF MEDICARE SUPPLEMENT STRATEGY * EHEALTH INC - DEAL FOR $20 MILLION IN CASH AND EHEALTH COMMON STOCK * EHEALTH INC - EHEALTH EXPECTS ACQUISITION OF GOMEDIGAP TO BE ACCRETIVE TO COMBINED COMPANY'S EARNINGS * EHEALTH INC - EXPECTS ACQUISITION OF GOMEDIGAP TO BE ACCRETIVE TO COMBINED COMPANY'S EARNINGS * EHEALTH INC - EHEALTH EXPECTS TO FUND PURCHASE PRICE THROUGH EXISTING CASH BALANCES * EHEALTH INC - GOMEDIGAP'S CO-CEOS WILL JOIN EHEALTH EXECUTIVE TEAM AND WILL CONTINUE TO MANAGE GOMEDIGAP'S MEDICARE SUPPLEMENT BUSINESS Source text for Eikon: Further company coverage:
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The world's top maker of automotive electronics had earlier said it expected Freescale to be accretive to earnings this year with cost savings of $200 million, resulting in annual cost savings of $500 million in the mid-term.
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Bank of America Merrill Lynch said in a recent report that despite high multiples, an Eletropaulo deal could be 1 percent accretive for Enel by 2021 but 2.4 percent for Iberdrola due to the geographical proximity of assets.
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Credit Protection Measures Strengthening: Fitch expects incremental profitability growth from higher revenue levels, the realization of annual Broadcom deal-related cost synergies, accretive profit margins from the Brocade acquisition and divestiture proceeds from the IP networking business sale.
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"This transaction will unlock significant value for shareholders, generating anticipated annual run-rate synergies of approximately $2 billion, and will be accretive to free cash flow and earnings one year after close," Wirth said in the company's release.
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He added there "may be some disappointment" on Wall Street that FedEx did not provide much commentary on TNT's likely impact on earnings in fiscal 2017, saying merely that it would be accretive to earnings in fiscal 2018.
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Culp, who is coming in, is actually very well known as ... a guy who brings in very accretive kind of deals, so he's both a good trader and a very good manager," Schlossberg said Monday on "Trading Nation.
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DP World said it would offer $502 million for 100 percent equity ownership and that it expected the deal to be "earnings accretive in the first full year of consolidation" and would be financed from existing balance resources.
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The deal, expected to close in 6-9 months, is projected to be neutral to adjusted cash earnings per share in the first year and double-digit accretive to adjusted cash earnings per share in the second year.
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The sale of the Leadenhall Building, known as the Cheesegrater because of its wedge shape, will be slightly dilutive to British Land's earnings per share but accretive to its net asset value per share, the property company said.
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Morningstar analyst Michael Wong said for Schwab shareholders the deal probably would have been more accretive if it was cash financed, but he does think that TD Ameritrade would have balked at a $230 billion valuation in cash.
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"We view this deal as positive for the company as JCDecaux tends to get better yields in more consolidated markets and the deal should be largely accretive," said Liberum analysts, who kept a "buy" rating on JCDecaux shares.
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"Delivery Hero continues to see an increased level of attractive M&A opportunities and, in line with its strategy, looks to further consolidate its market leadership positions and pursue value accretive M&A," it said in a statement.
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The acquisition is expected to be core EPS accretive from 2024 onwards, both companies said on Tuesday in a joint statement, adding they expect to close the deal by the end of the first quarter of next year.
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COM BUSINESS AND BE HIGHLY ACCRETIVE TO COSTAR EARNINGS ONCE FULLY INTEGRATED * REVENUE AND EARNINGS GUIDANCE RELATED TO TRANSACTION IS NOT EXPECTED TO BE AVAILABLE UNTIL LATER IN YEAR * EXPECT THAT RENTPATH'S OPERATIONS WILL CONTINUE IN ORDINARY COURSE.
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So, this is good progress, but none of those markets are yet accretive to our overall returns Bill: Exactly the kind of work that we're doing and that we will be prepared to share with the market in February.
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The Stable Outlook is based on Fitch's expectation that the BNC targets will be achieved in a capital-accretive way and in a sufficient quantity to allow the group to achieve its stated capital trajectory over the medium-term.
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"With the measures we are now undertaking, Aker BP is well prepared to face the challenging market situation, and we have the financial resources to pursue value accretive growth opportunities ahead," Aker BP's Chief Executive Karl Johnny Hersvik said.
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WH Smith said in a statement announcing the purchase that it expects the deal to be cash flow accretive and will have no impact on plans announced earlier this month to buy back 50 million pounds worth of shares.
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Walmart would recognize economies of scale (accretive), buttress their grocery offering (the gangster unlock of the last five years in business), burnish their data set, and go Yoda on Amazon&aposs a-- — old, but not to be trifled with.
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The firm is bullish on "Apple stock ahead of the iPhone 8 super-cycle, growth in margin accretive services, opportunity for growth in major countries like India, and potential tax reform," analyst Jim Suva wrote in a note to clients Friday.
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Among the things Loeb wants to find out is how the company went from saying that its $6 billion acquisition of Snyder's-Lance would be accretive to earnings only to reverse itself and say it would be modestly dilutive to earnings.
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"We have a great partner who has an interest in anything that will accelerate growth and that will be accretive and valuable and so if those opportunities come about we will have the capability of moving on them," he said.
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"H&M's commercial initiative of incentivizing customers to switch to its online offering - given free deliveries and returns - should be inherently growth-accretive, but at the same time heavily margin-dilutive," said Jefferies analysts with a "hold" rating on the stock.
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"The transaction is expected to deliver approximately A$35 million in annual synergies and be strongly accretive for earnings per share and free cash flow per share when integration is complete," said Cleanaway Chief Executive Officer and Managing Director Vik Bansal.
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"H&M's commercial initiative of incentivising customers to switch to its online offering - given free deliveries and returns - should be inherently growth-accretive, but at the same time heavily margin-dilutive," said Jefferies analysts with a "hold" rating on the stock.
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"While we agree that share repurchase is likely more accretive to 2018 EPS, [Express Scripts'] more pressing challenge is business growth, making deals like eviCore a necessity," said RBC's Hill, who has a sector perform rating on Express Scripts shares.
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John Janedis, an analyst at Jefferies, said in a note that buying Fox would be "immediately accretive" to Comcast's free cash flow and earnings per share, noting it would boost both metrics by mid-to-high single-digit percentage points.
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A flywheel that includes cruise ships, Chewbacca dolls, and a Galaxy&aposs Edge theme area make Disney+ the most shareholder accretive of the SVOD efforts, as evidenced by the 9% increase in DIS stock ($21 billion) the week of the launch.
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"We estimate that tax reform could be 14 percent accretive to ADP's calendar year 2019 earnings per share, assuming a 20 percent corporate tax rate and the repeal of certain corporate tax deductions," Goldman analyst James Schneider wrote on Monday.
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"This transaction, which will be immediately accretive to GLP, demonstrates our ability to leverage our existing platform to pursue enhanced network benefits in the strongest U.S. markets," said Chuck Sullivan, president and chief operating officer of GLP US in a statement.
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"American is in the midst of several revenue accretive initiatives including an expansion of Basic Economy and higher paid load factors in the domestic premium cabin, and we believe these initiatives will drive higher returns and stronger unit revenue," he wrote.
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AND SOUTH SOUND BANK SIGN DEFINITIVE MERGER AGREEMENT FOR ACQUISITION OF SOUTH SOUND BANK * TIMBERLAND BANCORP INC - SOUTH SOUND BANK SHAREHOLDERS WILL RECEIVE 904,918 SHARES OF TIMBERLAND COMMON STOCK AND $6.9 MILLION IN CASH * TIMBERLAND BANCORP INC - PROPOSED TRANSACTION IS EXPECTED TO BE ACCRETIVE TO TIMBERLAND'S EARNINGS WITHIN FIRST YEAR FOLLOWING CLOSE * TIMBERLAND BANCORP INC - PROPOSED TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO TANGIBLE BOOK VALUE PER SHARE AT CLOSE * TIMBERLAND BANCORP - ANNOUNCED AGREEMENT AND PLAN OF MERGER PURSUANT TO WHICH SOUTH SOUND BANK WILL MERGE WITH & INTO CO'S SUBSIDIARY, TIMBERLAND BANK Source text for Eikon: Further company coverage:
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Brocade should be immediately accretive to Broadcom's profitability, given Brocade's more than 70% gross profit margins, versus Fitch's estimate of gross profit margins (adjusted for the impact of purchase price accounting, restructuring and stock-based compensation) in the mid-50s for Broadcom.
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The company, which is the world's top maker of automotive electronics, had earlier said it expects Freescale to be accretive to NXP's earnings this year with cost savings of $200 million, resulting in annual cost savings of $500 million in the mid-term.
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"A deal would be seen as earnings accretive in the near-term," added the source, who declined to be named due to the confidentiality of the matter.. A third source added SGX was working with investment bank Jefferies on the potential deal.
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The zinc miner is owned by Bermuda-based fund Orion Co-Investments III L.P. and Swiss PE firm Fusion Capital AG. The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.
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The deal is expected to be marginally accretive to earnings per share in the first full year following completion, and will boost EPS by 8 percent in the third full year with a return on investment of 13 percent by then, Rathbone said.
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For $41 million * Acquisition will combine FLIR's existing lines of personal vision systems,thermal weapon sights with Armasight's products * FLIR anticipates this transaction will be neutral to 2016 net earnings and accretive thereafter Source text for Eikon: Further company coverage: (Bengaluru Newsroom)
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But it's hardly exclusive, and in the past six months General Motors has made a series of bold, future-facing moves to cash in on what Barra calls "an accretive opportunity"—a chance to add some apple flesh around the steady core.
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AX * Agreed to purchase about 30% in daily edited for $4.5 million comprising a combination of cash and Orotongroup shares * "The investment is expected to be immediately accretive with double-digit eps accretion forecast for FY18" Source text for Eikon: Further company coverage:
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"We have previously flagged the Waterworks transaction as a positive catalyst since it re-focused the portfolio on two end markets, is margin accretive, reduces leverage to sector norms and introduces a capital return deployment strategy," Morgan Stanley analyst Nigel Coe said in a note.
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"The services business tends to be accretive to margin, but this does give us the flexibility of where we drive margin in the business with the idea of raising the bar overall," he said when asked if bundling services could lead to bigger jet discounts.
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In our view, this "sum-of-the-parts" analysis shows that at the current price, the risk/reward is highly skewed to the upside and you are getting a nearly free call option on the company's robust new game slate and likely accretive M&A.
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So we think the company is a great financial investment, but we also like that what they are doing could be accretive for our LP. [Local Motors] has already begun talking with Airbus about advancing its product development and how to speed product introductions.
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"China, the recent growth engine for demand, remains underpenetrated, and should remain accretive, and the North American consumer remains healthy thanks to the wealth effect (equity markets and home prices remain elevated supporting consumer willingness to spend)," she said in an email to CNBC.
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S. PRODUCT RIGHTS AND EXISTING ROYALTY STREAMS TO RESULTZ® FROM PIEDMONT PHARMACEUTICALS LLC * NUVO PHARMACEUTICALS INC - UNDER TERMS OF AGREEMENT, NUVO HAS PAID US$7.0 MILLION ON CLOSE TO PIEDMONT * NUVO PHARMACEUTICALS INC - IMMEDIATELY ACCRETIVE ACQUISITION Source text for Eikon: Further company coverage:
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ANNOUNCES SIGNING OF A MERGER AGREEMENT TO ACQUIRE FGL HOLDINGS FOR $12.50 PER SHARE IN COMBINATION OF CASH AND FNF COMMON STOCK * FIDELITY NATIONAL FINANCIAL INC - TRANSACTION IS EXPECTED TO BE MORE THAN 20% ACCRETIVE TO 2021 EARNINGS PER SHARE * FIDELITY NATIONAL FINANCIAL - TRANSACTION IS EXPECTED TO BE MORE THAN 10% ACCRETIVE (ON A PRO-FORMA BASIS) TO FNF'S 2020 EARNINGS PER SHARE * FIDELITY NATIONAL FINANCIAL INC - FNF'S CURRENT DIVIDEND AND BUYBACK POLICY WILL REMAIN UNALTERED AS A RESULT OF PROPOSED TRANSACTION * FIDELITY NATIONAL FINANCIAL INC - FNF'S PRO FORMA DEBT TO TOTAL CAPITAL IS EXPECTED TO BE APPROXIMATELY 26% AT CLOSE OF TRANSACTION Source text for Eikon: Further company coverage:
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Enters into definitive agreement to acquire 49 properties for $123 million * Getty realty corp - company expects transaction to be immediately accretive to net earnings * Getty realty corp - company plans to fund transaction through funds available under its credit agreement Source text for Eikon: Further company coverage:
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"Amazon's initial investment in countries such as India is already bearing fruit, and the launch of Amazon Prime in China could be a meaningful tailwind going forward if Amazon can scale their efforts in the region through accretive investment," Benchmark analyst Daniel Kurnos said in a note.
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The conceptual one was accretive: layers piled on or slung over each other, shirts used to cinch overcoats, bandannas knotted on everything, including the tidily rolled up blankets that the models carried and that were a long way from the average dirt-encrusted "crustys" sleeping bag.
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"Penn National's accretive acquisition of Rocket highlights our ongoing strategic initiative to acquire emerging growth platforms that complement, and allow us to leverage, our core regional gaming operations and database of over three million active customers," said Penn National Gaming President and CEO, Timothy J. Wilmott, in a statement.
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"Nickel production in Weda Bay, Indonesia, should start in H2 2020, ahead of schedule, and our highly value accretive projects to expand manganese production in Gabon and develop lithium in Argentina have taken a key step forward with their internal validation and active search for financing," she added.
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"From a long term trend, we've been investing heavily, and I do think that we've positioned now with a great portfolio, a mix of things that are high-value, things that are accretive and good scale and things that are starting to build like blockchain," the CFO said.
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To ensure that its e-commerce ambitions have support from the top, Bowerman said she established business-growth metrics that Kellogg's leaders would understand and care about, like accretive economics and whether the company is making more money than it does offline; category leadership; brand health; and channel growth.
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This was achieved through a combination of margin-accretive innovations and acquisitions and the benefits of Unilever's cost rationalisation programmes, including efficiencies in advertising and promotions through more extensive use of digital media, and reductions in overheads and, in the lower-margin home-care business, of stock keeping units.
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"We remain confident in the strategic and financial benefits of our combination with Carrizo, which will create a leading oil and gas company with scaled development operations focused on the Permian Basin in a transaction that is accretive on all per share metrics," Callon said in a statement.
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"We remain confident in the strategic and financial benefits of our combination with Carrizo, which will create a leading oil and gas company with scaled development operations focused on the Permian Basin in a transaction that is accretive on all per share metrics," Callon said in a statement.
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"Under his leadership, AIA has achieved impressive growth via steady topline expansion, ongoing product mix improvement, expansion in distribution channels, accretive acquisitions, as well as expansion into new markets," analysts at Citi wrote on Monday, noting the company was still well-positioned with an experienced senior management team.
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The amended transaction is expected to be accretive to Disney earnings per share before the impact of purchase accounting for the second fiscal year after the close of the transaction, and to yield at least $2 billion in cost synergies by 2021 from operating efficiencies realized through the combination of businesses.
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While it plans to continue to redomicile to the U.S., which should allow it to get back into the acquisition game in America, Broadcom may struggle in the coming years to find the kinds of accretive acquisitions that can keep its growth on the trajectory it has been on over the past few years.
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"The financials will work in time, admittedly perhaps not as originally hoped, but we still see this deal as accretive within a two- to three-year timeframe," said Jason Kenney, analyst at Grupo Santander, who estimates the acquisition will increase Shell's oil and gas production to around 4.7 million barrels of oil equivalent by 2020.
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Alexander's senior leadership team will continue to manage combined company following closing of transaction * J Alexanders Holdings Inc - believe transaction will be significantly accretive to earnings in 2018 * J Alexanders Holdings Inc - in connection with deal, William P. Foley, II is expected to join J. Alexander's board of directors Source text for Eikon: Further company coverage:
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To the closing price of 725.0 pence per BPI share on 8 june 2016 * Acquisition of BPI is expected to be accretive to rpc's earnings per share within the first full financial year * Offer is expected to become effective by mid-August 2016 * Proposed placing of new ordinary shares Source text for Eikon: Further company coverage:
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Post transaction, pro forma FY17 ebitda would increase to $11.8m * Transaction funded via $10.7 mln of cash and bank debt and $2.7 mln of zenitas scrip * Deal highly accretive to zenitas eps, with pro forma fy17 eps accretion of 22% after non- controlling interests and pre-synergy benefit Source text for Eikon: Further company coverage: (Reporting by Sumeet Gaikwad)
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A well disposal business situated in the montney resource play * Mullen Group Ltd - expect Envolve 1 will generate annual revenue of $8.0 million, a roce of about 25.0 percent and be immediately accretive to Mullen Group * Mullen Group Ltd - will use balance sheet to fund additional facilities, built under new build strategy Source text for Eikon: Further company coverage:
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If Accor pursues a conservative financial structure post-split, and uses the proceeds from the sale of its majority stake in HI for debt servicing or for value-accretive acquisitions to solidify its already solid business risk profile and enable leverage to trend to 3.0- 3.5x by end-2020, this will lead to at least one-notch upgrade to 'BBB'.
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"As SoftBank looks to strengthen its own balance sheet, Alibaba determined that it was the best use of our capital to reinvest in our own business through an efficient buyback of a large number of shares in our own company that is accretive to our stockholders," Jack Ma, one of Alibaba's founders and its executive chairman, said in a statement.
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AX * Growthpoint Properties has acquired an 18.2% interest in industria reit for approximately $68.1 million * Acquisition is forecast to be accretive to Growthpoint's projected FY18 FFO * Acquisition is not material to FY18 guidance provided to market, nor gearing * Based on IDR management guidance provided on 13 June 2017, investment in IDR reflects FY17 FFO yield of 7.9% for co Source text for Eikon: Further company coverage:
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ANNOUNCES EXECUTION OF DEFINITIVE AGREEMENT TO ACQUIRE HOME CARE SERVICES BUSINESS IN NEW ENGLAND, U.S. * NOVA LEAP HEALTH CORP - ACQUISITION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE * NOVA LEAP HEALTH CORP - ACQUISITION IS TO BE MADE FOR TOTAL CONSIDERATION OF $1.2 MILLION * NOVA LEAP HEALTH CORP - EXPECTS TO RAISE A COMBINATION OF DEBT AND EQUITY TO FUND TRANSACTION Source text for Eikon: Further company coverage:
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For an aggregate purchase price of $23.175 million * Transaction is expected to be immediately accretive to non-gaap earnings per share following close of deal * Maxwell technologies - launched a global restructuring plan which includes a reduction-in-force as well as a manufacturing and supply chain consolidation * Expects to achieve approximately $6 million in annualized savings through global restructuring plan Source text for Eikon: Further company coverage:
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Kbr Inc: * KBR STEPS UP EXPANSION INTO HIGH END GOVERNMENT SERVICES WITH ACQUISITION OF SGT * KBR INC - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO ADJUSTED EARNINGS PER SHARE IN FIRST FULL YEAR AFTER CLOSING * KBR INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY KBR BOARD OF DIRECTORS * KBR INC - EXPECTS SGT TO BECOME A BUSINESS UNIT WITHIN KBRWYLE AND WILL MAINTAIN SGT'S CURRENT MANAGEMENT STRUCTURE Source text for Eikon: Further company coverage:
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SO THERE'S A FINAL DETERMINATION OF WHAT GETS INCLUDED IN THAT I WILL SAY IN GENERAL, THESE ARE MUCH SMALLER ASSETS WITH THE EXCEPTION MAYBE OF TRANSPORTATION, THESE ARE SMALLER ASSETS, MANY OF THEM HAVE VERY SMALL CASH FLOWS, SOME HAD NEGATIVE CASH FLOWS, SO I EXPECT THE PACKAGE OF THE WHOLE TRANSACTION AS WE COMPLETE IT TO BASICALLY BE ACCRETIVE TO THE OVERALL ECONOMICS AND CASH FLOW OF THE COMPANY.
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FOR APPROXIMATELY $775 MILLION IN CASH FROM AFFILIATES OF VERITAS CAPITAL * ANAREN WILL BE PURCHASED IN DEBT FREE, CASH FREE TRANSACTION FOR $775 MILLION IN CASH, SUBJECT TO WORKING CAPITAL ADJUSTMENTS AT CLOSING * IN 12 MONTHS ENDED SEPT 30, 2017, COMBINED CO WOULD HAVE GENERATED PRO FORMA REVENUE OF $2.8 BILLION; PRO-FORMA ADJUSTED EBITDA OF $450 MILLION * EXPECTS TO FINANCE PURCHASE WITH A $700 MILLION ADD ON TO ITS EXISTING TERM LOAN B AND CASH ON HAND * TTM HAS RECEIVED A FULLY-UNDERWRITTEN COMMITMENT FROM BARCLAYS TO FINANCE TRANSACTION * DEAL ACCRETIVE TO NON-GAAP OPERATING MARGINS, ADJUSTED EBITDA MARGINS, NON-GAAP EPS AND FREE CASH FLOW * IDENTIFIED $15 MILLION IN PRE-TAX, RUN RATE, COST SYNERGIES WHICH ARE EXPECTED TO BE REALIZED WITHIN FIRST TWO YEARS AFTER CLOSING * TRANSACTION IS EXPECTED TO BE ACCRETIVE TO NON-GAAP EARNINGS * BARCLAYS ACTED AS FINANCIAL ADVISOR FOR TTM, AND HOULIHAN LOKEY AND EVERCORE ACTED AS FINANCIAL ADVISORS FOR ANAREN Source text for Eikon: Further company coverage:
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"Over the full year, the sale of The Body Shop, and the accretive effect this has on profitability, means that we will be able to strongly increase our profitability, which for the first time could reach 18 percent of sales, and also to take the opportunity to strengthen our business drivers in order to accelerate our market share gains and thus our future growth," said L'Oreal Chairman and Chief Executive Jean-Paul Agon.
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To acquire 42 properties for $70 million * Getty Realty Corp says upon closing, company expects transaction to be immediately accretive to net earnings * Getty realty-will receive initial annual rent of $5.0 million from fee simple properties, positive rent spread of $0.2 million on leasehold interests being acquired * Getty Realty Corp says unitary lease to be effective at closing provides for an initial term of 15 years, with four five-year renewal options Source text for Eikon: Further company coverage:
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East coast * Amended contract in gulf of mexico has potential for increase to continue for remainder of five-year term of coa * Pangaea logistics solutions provides business update * Expects two new vessels to be accretive to earnings * Logistics based coa will commence in september and is expected to generate approximately $29 million in gross revenue over 14 months * Gulf of mexico coa will contribute approximately $20 million in gross revenue over five-year period Source text for Eikon: Further company coverage:
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EXPANDS INTO FLORIDA THROUGH ACQUISITION OF GHO HOMES * GREEN BRICK PARTNERS INC - TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO EARNINGS PER SHARE * GREEN BRICK PARTNERS INC - PURCHASED ALL OF ASSETS OF GHO HOMES AND AFFILIATES * GREEN BRICK PARTNERS INC - ACQUIRED 80% CONTROLLING OWNERSHIP OF GHO HOMES THROUGH INVESTMENT IN NEWLY FORMED ENTITY, GRBK GHO HOMES * GREEN BRICK PARTNERS INC - BILL HANDLER WILL CONTINUE SERVING AS PRESIDENT AND WILL BE A 20% PARTNER IN GRBK GHO HOMES Source text for Eikon: Further company coverage:
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ANNOUNCE AGREEMENT TO MERGE * MID PENN BANCORP INC - MID PENN WILL ACQUIRE FIRST PRIORITY IN AN ALL-STOCK TRANSACTION VALUED AT APPROXIMATELY $82 MILLION * MID PENN BANCORP - TRANSACTION EXPECTED TO BE ACCRETIVE TO EARNINGS PER SHARE WITH A TANGIBLE BOOK VALUE DILUTION EARN BACK IN UNDER 3 YEARS * MID PENN- UNDER TERMS FIRST PRIORITY COMMON STOCK SHAREHOLDERS TO RECEIVE 0.3481 SHARES OF CO FOR EACH SHARE OF FIRST PRIORITY COMMON STOCK THEY OWN Source text for Eikon: Further company coverage:
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ANNOUNCES ACCRETIVE ACQUISITION IN THE CORE OF THE WILLISTON BASIN * NORTHERN OIL AND GAS INC - DEAL FOR $40 MILLION IN CASH * NORTHERN OIL AND GAS INC - DEAL ALSO INCLUDES 6 MILLION SHARES OF NORTHERN COMMON STOCK * NORTHERN OIL AND GAS - EXPECTS ACQUIRED PROPERTIES TO GENERATE ABOUT $19 MILLION OF CASH FLOW FROM OPERATIONS IN 2018 * NORTHERN OIL AND GAS - POTENTIAL FOR ADDITIONAL CASH CONSIDERATION PAID AT END OF 6-MONTH LOCKUP PERIOD IF CO'S STOCK TRADING BELOW $2/SHARE Source text for Eikon: Further company coverage:
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Livanova Plc: * LIVANOVA PLC - LIVANOVA HAS AGREED TO PAY UP TO $250 MILLION FOR TANDEMLIFE * LIVANOVA PLC - DEAL IS PROJECTED TO BE MODESTLY ACCRETIVE IN 2018 AND IS EXPECTED TO CLOSE IN FIRST HALF OF 2018 * LIVANOVA PLC - UPFRONT COSTS FOR DEAL TOTAL $200 MILLION, WITH UP TO $50 MILLION IN CONTINGENT CONSIDERATIONS BASED ON REGULATORY MILESTONES * LIVANOVA PLC - UPFRONT COSTS RELATED TO DEAL TOTAL $200 MILLION, WITH UP TO $50 MILLION IN CONTINGENT CONSIDERATIONS BASED ON REGULATORY MILESTONES Source text for Eikon: Further company coverage:
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Brands * Deal for consideration of EUR 62.3 million * Acquisition and associated equity raising costs will be funded via a fully underwritten A$54.5 million placement * Mark Van 't Loo has been appointed as CEO Europe * Acquisition is expected to be mid single digit EPS accretive for Collins Foods shareholders in first full financial year of ownership * For period ending 30 sept 2016, Netherlands acquisition generated revenue of EUR 46.6 million and EBITDA of EUR 7.3 million on a pro forma basis * Development agreement was entered into with unit of Yum!
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Auctioneers Inc * Will acquire Ironplanet for approximately $758.5 million, subject to customary closing adjustments * Intends to finance transaction through a combination of cash on hand and new debt * Has bridge financing commitments from Goldman Sachs Bank USA * Transaction is expected to be accretive to earnings within first year * Following close and required financing, Ritchie Bros is expected to have a net debt to EBITDA ratio of no more than 3.0x * Gregory Owens has agreed to join combined company's executive committee upon closing Source text for Eikon: Further company coverage:
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Institutional market with acquisition of Apex Capital Management * Total consideration for Apex will be US$145 million * Deal expected to be immediately accretive, adding 10% to 15% accretion to adjusted earnings per share within first full year post closing * $88 million of purchase price will be paid in cash financed through new $125 million term loan and issuance of $57 million in class a subordinate voting shares * Term loan will mature three years from closing * Apex will become part of Fiera Capital's U.S. division * Agreement to acquire, via its wholly-owned subsidiary Fiera US Holding inc.
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EBITDA of $600 million to $630 million, posted core profit in line at $610 million in 2018 ** Co committed to raise the dividend by 10 percent annually, Investec assumed an 8 percent annual dividend growth ** Investec: "A solid set of results, largely in line, with major developments taking place through new assets being developed and acquired, and management demonstrating value through accretive sell downs of stakes to appropriate partners" ** "The dividend commitment and re-affirmation of long term growth targets demonstrates management confidence in delivering both yield and growth to shareholders" - Investec (Reporting By Justin George Varghese in Bengaluru)
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Wintrust Financial Corp: * WINTRUST ANNOUNCES VETERANS FIRST MORTGAGE ACQUISITION AGREEMENT * SAYS CO'S UNIT HAS NEGOTIATED TERMS TO PURCHASE CERTAIN ASSETS AND ASSUME CERTAIN LIABILITIES OF IFREEDOM DIRECT CORPORATION * TERMS OF THIS CASH TRANSACTION ARE NOT BEING DISCLOSED BY PARTIES * VETERANS FIRST MORTGAGE IS PROJECTED TO ORIGINATE IN EXCESS OF $800 MILLION IN LOANS IN 2017 AND EMPLOY ABOUT 400 EMPLOYEES * TRANSACTION IS EXPECTED TO BE SLIGHTLY ACCRETIVE TO WINTRUST'S 2018 EARNINGS PER SHARE * WINTRUST FINANCIAL-AGREEMENT EXPECTED TO INCLUDE SERVICING RIGHTS FROM VETERANS FIRST MORTGAGE ON ABOUT 9,000 LOANS, OF ESTIMATED $1.4 BILLION IN PRINCIPAL BALANCE Source text for Eikon: Further company coverage:
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Superior Uniform Group Inc: * SUPERIOR UNIFORM GROUP, THROUGH ITS BAMKO DIVISION, ANNOUNCES THE ACQUISITION OF TANGERINE PROMOTIONS * SUPERIOR UNIFORM GROUP INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO SUPERIOR'S OPERATING RESULTS IN 2018 * SUPERIOR UNIFORM - PURCHASE PRICE CONSISTS OF ABOUT $7.2 MILLION IN CASH, ISSUANCE OF ABOUT $2.0 MILLION OF CO'S STOCK THAT WILL VEST OVER 4 YEARS * SUPERIOR UNIFORM GROUP INC - BAMKO ACQUIRED TANGERINE PROMOTIONS &TANGERINE PROMOTIONS WEST INCLUDING ASSUMPTION OF CERTAIN LIABILITIES * SUPERIOR UNIFORM - DEAL INCLUDES POTENTIAL PAYMENT OF $5.5 MILLION IN CONTINGENT CONSIDERATION THROUGH 2021 & ASSUMPTION OF SOME LIABILITIES OF TANGERINE Source text for Eikon: Further company coverage:
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ANNOUNCES REPURCHASE AND SETTLEMENT AGREEMENT WITH FREESTONE CAPITAL MANAGEMENT * OWENS REALTY MORTGAGE INC - AGREED TO REPURCHASE SHARES FOR $19.25 PER SHARE IN A PRIVATE, ACCRETIVE TRANSACTION * OWENS REALTY MORTGAGE INC - DEAL FOR AGGREGATE PURCHASE PRICE WAS $15.6 MILLION * OWENS REALTY MORTGAGE-ENTERED INTO AN AGREEMENT WITH FREESTONE TO REPURCHASE 810,937 SHARES OF COMPANY'S COMMON STOCK BENEFICIALLY OWNED BY FREESTONE * OWENS REALTY MORTGAGE INC - COMPANY AGREED TO REPURCHASE SHARES FOR $19.25 PER SHARE IN A PRIVATE * OWENS REALTY MORTGAGE INC - COMPANY'S REPURCHASE PLAN, WHICH HAD BEEN SET TO EXPIRE ON JANUARY 15, 2018, HAS BEEN TERMINATED Source text for Eikon: Further company coverage:
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For $23.00 per share in a combination of cash and BPY units * Brookfield Property - each GGP shareholder can elect to get consideration per GGP share of either $23.00 in cash or 0.9656 of limited partnership unit of co * Brookfield Property Partners Lp - combined company will be owned approximately 30% by existing GGP shareholders * Brookfield Property Partners LP - transaction is expected to be immediately accretive to BPY's FFO per unit * Brookfield Property - deal subject to pro-ration based on maximum cash consideration of about $7.4 billion, maximum of about 309 million bpy units valued at about $7.4 billion Source text for Eikon: Further company coverage:
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Lee partners will remain investors in combined company upon closing of merger * Inc research holdings inc - following close of transaction, alistair macdonald will serve as chief executive officer of combined company * Inc research holdings inc - transaction is projected to be accretive by more than 20 percent to inc research's adjusted earnings per share in 2019 * Inc research - following close of deal, greg rush will serve as chief financial officer and michael bell serving as executive chairman of combined co * Inc research holdings inc - board of directors of combined company will consist of 10 directors * Inc research holdings inc - co, inventiv health's businesses would combine in an all-stock transaction Source text for Eikon: Further company coverage:
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ANNOUNCES ACQUISITION OF OIL ASSETS IN SOUTHEAST SASKATCHEWAN AND SOUTHWEST MANITOBA * VERMILION ENERGY INC - ENTERED ARRANGEMENT AGREEMENT TO ACQUIRE PRIVATE SOUTHEAST SASKATCHEWAN PRODUCER FOR TOTAL CASH CONSIDERATION OF $90.8 MILLION * VERMILION ENERGY INC - PURCHASE PRICE WILL BE FUNDED FROM VERMILION'S EXISTING CREDIT FACILITIES * VERMILION ENERGY - DEAL IS ACCRETIVE ON FULLY-DILUTED PER SHARE BASIS FOR METRICS INCLUDING PRODUCTION, FUND FLOWS FROM OPERATIONS, RESERVES,NAV * VERMILION ENERGY INC - AS RESULT OF DEAL, BASED ON MID-FEB CLOSING DATE, REVISING 2018 PRODUCTION GUIDANCE TO BETWEEN 75,000 AND 77,500 BOE/D * VERMILION ENERGY - ALSO INCREASING 2018 CAPITAL BUDGET TO $325 MILLION TO REFLECT ADDITIONAL CAPITAL ACTIVITY ON THE ASSETS PLANNED FOR H2 OF YEAR Source text for Eikon: Further company coverage:
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AND ANNOUNCES THE APPOINTMENT OF TODD HUDSON AS CEO * AXIS AUTO FINANCE INC - ACQUISITION OF TREND FINANCIAL ROUGHLY DOUBLES AXIS' PORTFOLIO OF NET FINANCE ASSETS TO ABOUT $110 MILLION * AXIS AUTO FINANCE INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO AXIS' ADJUSTED EARNINGS AND BOOK VALUE * AXIS AUTO FINANCE INC - ILJA TROITSCHANSKI TO REMAIN AS PRESIDENT OF AS AXIS * AXIS AUTO FINANCE INC - DEAL FOR CONSIDERATION OF APPROXIMATELY $29.3 MILLION * AXIS AUTO FINANCE - PLANS TO FUND DEAL THROUGH PRIVATE PLACEMENT OFFERING OF SUBSCRIPTION RECEIPTS, EXTENDIBLE CONVERTIBLE DEBENTURES * AXIS AUTO FINANCE- DEAL PURCHASE PRICE TO BE SATISFIED BY ABOUT $23.9 MILLION CASH, ISSUANCE OF ABOUT 6.95 MILLION SHARES, 6.6 MILLION SHARE PURCHASE WARRANTS Source text for Eikon: Further company coverage:
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They're porous, riven with gaps and fragmentation; at the same time, they're unquestionably "lyrical" in their concision and fluidity — to say nothing of the formal vigilance with which Kahn transforms couplets into tercets, constructing sometimes larger and sometimes more miniscule stanzaic units: When it is so hot I lie on the floor When I think of what i have to give Life has it's good points And the fat, white thigh-bones of a tourist ("Women in Public") The way meaning gathers here in an accretive way, which uses both the isolating space of the poetic line and the capitalized "And" to connect and dissociate the semantic content of each line, is typical of Kahn's style, and resonates throughout the collection.
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Morgan securities, ubs securities and wells fargo securities * Newly formed unit of co will acquire reorganized energy future holdings including efh's 80 percent interest in oncor electric delivery co * Nextera energy reaches definitive agreement to acquire energy future holdings' interest in oncor electric delivery company * Transaction expected to be meaningfully accretive to nextera energy earnings * Definitive agreement is part of an overall plan of reorganization that is designed to allow efh to emerge from chapter 11 bankruptcy * Transaction will extinguish all efh and efih debt that currently exists above oncor * Sees accretion from deal to enable it to grow at or near top end of its 6 to 8 percent per year adjusted eps growth rate through 2018, off 2014 base Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-646-8780)
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"We expect accretive deployment of Fox's prodigious FCF (15 year tax shield, low capex, low working capital), primarily via share repurchases and TV station M&A... Despite a slow CY19 for Cable Network affiliate revenue growth (CSe +3.5%), we expect Fox will post the fastest revenue and EBITDA growth in Media the next few years, due to having pricing power over distributors and ~50% of its renewals the next two years, pus continued rapid Broadcast retransmission growth (~16% 3-year CAGR), the 2020 election cycle and potential cost efficiencies as they right size this new company... Of note, Fox's focus on news and sports moderates secular challenges, Fox has long-term sports contracts and is well-positioned for its NFL renewal, and is the least complex media company... "
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Announces accretive entry into the delaware basin, increases 2016 production outlook and provides operational update * Diamondback energy inc says deal valued at $560 million * Diamondback is increasing its 2016 production guidance to a range of 6463 to 40.0 mboe/d * To acquire leasehold interests and related assets in southern delaware basin * Increasing its 2016 capital expenditure guidance to $350 to $425 million * Company is decreasing its full year 2016 lease operating expense ("loe") guidance to $5.50 to $6.25 per boe * If commodity prices continue to strengthen, diamondback could add a fifth rig in q4 of 2016 * Intends to finance acquisitions through combination of cash on hand and proceeds from one or more capital markets transactions Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-646-8780)
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RATING SENSITIVITIES Future Developments That May, Individually or Collectively, Lead to Positive Rating Action - Positive and sustained post-dividend FCF generation supported by steadily improving profitability and the earnings accretive expansion programme - Decline in FFO adjusted leverage to 6.0x or below on a sustained basis - FFO fixed charge cover of 0003x or higher on a sustained basis Future Developments That May, Individually or Collectively, Lead to Negative Rating Action - Weak implementation of the capital expansion programme leading to steady EBITDA weakening to below GBP100 million on a sustained basis - An increasingly aggressive financial policy translating into FFO adjusted gross leverage of above 7.0x on a sustained basis - FFO fixed charge cover weakening to below 1.5x on a sustained basis LIQUIDITY Satisfactory Liquidity: Organic pre-dividend cash generation is projected to be positive, at about GBP25 million per year.
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ANNOUNCE DEFINITIVE MERGER AGREEMENT * SAYS TRANSACTION CURRENTLY VALUED AT APPROXIMATELY $452.9 MILLION * SAYS PROPOSED MERGER HAS BEEN APPROVED UNANIMOUSLY BY EACH COMPANY'S BOARD * SAYS BRAND SHAREHOLDERS WILL RECEIVE 32.87 SHARES OF RENASANT COMMON STOCK AND $77.50 IN CASH FOR EACH SHARE OF BRAND COMMON STOCK * SAYS ADDITIONALLY, ALL BRAND OPTIONS WILL BE CASHED OUT AT $1,550 PER SHARE * SAYS EXCLUDING ONE-TIME TRANSACTION COSTS, MERGER IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO RENASANT'S ESTIMATED EARNINGS * SAYS TRANSACTION'S FINAL PRICING IS CONTINGENT (AND SUBJECT TO REDUCTION ONLY) UPON BRAND'S DIVESTITURE OF CERTAIN ASSETS * SAYS MERGER EXPECTED TO HAVE A SUBSTANTIAL POSITIVE LONG-TERM IMPACT ON RENASANT * SAYS BARTOW MORGAN JR, CEO OF BRANDBANK, WILL JOIN RENASANT BANK'S BOARD * SAYS ONE INDEPENDENT BRAND DIRECTOR WILL BE APPOINTED TO BOTH RENASANT CORPORATION AND RENASANT BANK BOARDS Source text for Eikon: Further company coverage:
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TO ACQUIRE UNITED COMMUNITY BANCORP * CIVISTA BANCSHARES INC - DEAL VALUE PER SHARE OF $26.22 OR APPROXIMATELY $114.4 MILLION * CIVISTA BANCSHARES - CONSIDERATION UNITED TO RECEIVE IS EQUIVALENT TO 1.027 SHARES OF CIVISTA COMMON STOCK & $2.54 IN CASH/SHARE OF UNITED STOCK * CIVISTA BANCSHARES - CO, UNITED ANTICIPATE DEAL WILL QUALIFY AS TAX-FREE REORGANIZATION TO EXTENT THAT UNITED SHAREHOLDERS RECEIVE CO STOCK IN DEAL * CIVISTA BANCSHARES - DIRECTORS OF CO, DIRECTORS & EXECUTIVE OFFICERS OF UNITED AGREED TO VOTE ALL SHARES OWNED IN RESPECTIVE COS IN FAVOR OF MERGER * CIVISTA BANCSHARES- TOTAL OF THREE EXISTING UNITED DIRECTORS TO JOIN CO'S BOARD & 2 OF THOSE DIRECTORS WILL JOIN CIVISTA BANCSHARES BOARD AFTER DEAL * CIVISTA BANCSHARES INC - ACQUISITION OF UNITED IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CIVISTA'S EARNINGS IN 2018 AND THEREAFTER * CIVISTA BANCSHARES INC - POST-CLOSING OF DEAL, CIVISTA'S CAPITAL RATIOS ARE EXPECTED TO CONTINUE TO EXCEED "WELL-CAPITALIZED" REGULATORY STANDARDS Source text for Eikon: Further company coverage:
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For more click * Temenos Group AG says digital bank of Santander group selects Temenos Core Banking * Cembra Money Bank AG says acquires EFL Autoleasing AG with receivables of circa 280 million Swiss francs; transaction expected to be EPS accretive as of 2018 * Conzzeta AG says qualitatively deficient raw material delivery leads to partial production and delivery suspension at Foampartner, financial impact cannot yet be estimated but should be largely covered by supplier or insurance policies * Wisekey says collaborates with Microsoft to help Rwandan government make secure transactions using blockchain technology * Kuehne + Nagel said Federal-Mogul LLC signed a multi-year contract to let the Swiss company operate a new automotive replacement parts distribution centre near Budapest, Hungary * Actium unit Talbot Holding controls nearly 93 percent of ImmoMentum after tender offer * Dufry prices 800 million euros of senior notes Results of monthly government bond auction due around 0900 GMT Reporting by Zurich newsroom
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Business development companies * Oaktree capital group llc - oaktree will pay $320 million in cash to fifth street management llc upon close of transaction * Oaktree capital group llc - ocg expects transaction to be immediately accretive to its adjusted net income * Oaktree capital group llc - new advisory agreements, have been unanimously approved by independent directors of boards of directors of fsc and fsfr * Oaktree capital group - following deal closing current fsc board members except richard dutkiewicz, current fsfr board members except richard cohen agreed to resign * Oaktree capital group - executive officers of fsc and fsfr will resign, will be replaced with individuals affiliated with oaktree at closing of deal * Oaktree capital group llc - fsc will change its name to oaktree specialty lending corporation, and will trade under ticker symbol ocsl * Oaktree capital group llc - fsfr will change its name to oaktree strategic income corporation, and will trade under ticker symbol ocsi Source text for Eikon: Further company coverage:
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ANNOUNCE DEFINITIVE MERGER AGREEMENT * GERMAN AMERICAN BANCORP - FIRST SECURITY COMMON SHAREHOLDERS WILL RECEIVE A CASH PAYMENT OF $12.00 PER FIRST SECURITY SHARE * GERMAN AMERICAN BANCORP - AFTER DEAL COMPLETION, ANTICIPATED THAT A BOARD MEMBER OF FIRST SECURITY WILL BE JOINING BOARD OF GERMAN AMERICAN * GERMAN AMERICAN BANCORP - FIRST SECURITY SHAREHOLDERS TO GET FIXED EXCHANGE RATIO 0.7982 SHARES OF CO'S STOCK PER SHARE & CASH PAYMENT OF $12.00/SHARE * GERMAN AMERICAN - MICHAEL BECKWITH, PRESIDENT & CEO OF FIRST SECURITY, WILL ASSUME NEWLY ESTABLISHED ROLE OF KENTUCKY DIVISIONAL PRESIDENT * GERMAN AMERICAN BANCORP INC - TRANSACTION HAS A VALUE OF $40.00 PER FIRST SECURITY COMMON SHARE * GERMAN AMERICAN BANCORP INC - TRANSACTION HAS AN AGGREGATE INDICATED VALUE OF APPROXIMATELY $101.0 MILLION * GERMAN AMERICAN - EXPECTS TO ISSUE ABOUT 2.0 MILLION SHARES AND PAY ABOUT $31 MILLION CASH FOR ALL SHARES AND OPTIONS OF FIRST SECURITY * GERMAN AMERICAN BANCORP - EXPECT DEAL TO BE ACCRETIVE TO GERMAN AMERICAN'S EPS DURING 12 MONTHS FOLLOWING COMPLETION Source text for Eikon: Further company coverage:
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Consumer segment to be slightly down from last year * Sees fy 2017 adjusted earnings per share $4.00 to $4.20 * Scotts miracle-gro says increased share repurchase activity in recent weeks, expects to repurchase $250 to $20173 million of its shares on a full-year basis * Scotts miracle-gro - now expects adjusted earnings for fiscal 2017 to range from $4.00 to $4.20 per share compared to an original range of $4.10 to $4.30 per share * Scotts miracle-gro co - momentum in co's hawthorne gardening business remains "strong" with sales up 17 percent on a year-over-year basis entering june * Scotts miracle-gro - expected company-wide sales growth of 3 to 4 percent in fy * Scotts miracle-gro - completion of 2 small acquisitions expected to be immediately accretive to earnings, adding $0.05 to $0.07 to eps on annualized basis * Scotts miracle-gro co - lowering its full year guidance due to an "anticipated shortfall in sales" * Fy2017 earnings per share view $4.19 — Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:
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For $6463 million * Combined company will remain externally managed by Ares Capital Management Llc * All current Ares Capital officers and directors will remain in their current roles * Combined company would have on a pro forma basis more than $13 billion of investments at fair value as of march 31, 2016 * As part of aggregate consideration, Ares Management, L.P. Will provide financial support to transaction * Boards of directors of both companies have unanimously approved transaction * Ares Capital Corp says deal is immediately accretive to core earnings per share, with potential for increased dividends over time * Ares Management L.P. Through unit will provide $275 million of cash, or $1.20 per fully diluted share, to American Capital shareholders * Elliott Management, holder of 14.4% interest in American Capital, supports deals and will vote shares in favor at special meeting * Wells Fargo Securities, Llc and Bank Of America Merrill Lynch served as financial advisors to Ares Capital * Ares Management to waive up to $100 million in part I income based fees payable for 10 calendar quarters beginning first quarter after closing * Ares Capital Corporation to acquire American Capital Ltd.
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