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Centene in $3.4 B Deal with Fidelis Care, Seadrill Files Reorganization Plan

Mukesh Buch
13 Sep, 2017
New York City

A-Mark Precious Metals net soared but revenues declined. Cracker Barrel sales dropped but beat estimates. Centene agreed to buy Fidelis Care for $3.75 billion. Nordstrom family is reportedly in talks to take the retailer private. Seadrill filed for Chapter 11 bankruptcy.

Bayer Lowers Covestro Stake, Richemont Sales Jump 10%

Sarla Buch
13 Sep, 2017
New York City

Balfour Beatty to divest its stake in Blackpool airport. Bayer sells 9.4% stake in plastic materials maker Covestro for

Teva Races to Sell More After $1 B Deal, Limoneira Falls on Weak Outlook

Mukesh Buch
12 Sep, 2017
New York City

Advaxis said net loss in the quarter widened. Investors Real Estate Trust net loss narrowed. Layne Christensen reported stronger-than-expected results. Limoneira declined on weak outlook. Teva Pharmaceuticals agreed to sell its women

Ashtead Demand Set to Rise After Irma and Harvey, Virbac Tumbles

Sarla Buch
12 Sep, 2017
New York City

Ashtead, the construction equipment provider estimated fleet demand may rise in the U.S. after two hurricanes. Credit Agricole agreed to sell 16% stake in Saudi bank. Hastings ends merger talk with AA. JD Sports beats expectations. Virbac tumbled on weak outlook.

GE Sells Penske Truck Leasing Stake, Pilgrim Buys N. Ireland Based Moy Park

Mukesh Buch
11 Sep, 2017
New York City

Electronics For Imaging net plunged but revenues increased. General Electric sells its remaining 15.5% stake in Penske Truck Leasing Co for about $674 million. Pilgrim''s Pride acquired Moy Park from Brazil-based JBS for about $1 billion.

Primark Drives Profit Higher at AB Foods, L'Oreal Sells Body Shop for

Sarla Buch
11 Sep, 2017
New York City

AB Food lifted full-year outlook on stronger sales growth at Primark divison. bet-at-home net and revenues surged. L''Oreal sells The Body Shop to Brazil-based Natura Cosmeticos for

Discounts Hurt Kroger Results, Finisar Falls on Softer Guidance

Mukesh Buch
08 Sep, 2017
New York City

Argan earnings beat estimates. Finisar declined on weak fiscal outlook. Hurco profit jumped on strong demand. Kroger net declined on price cuts. Rev Group jumped after strong results. Tailored Brands beat profit expectation. VeriFone net loss widened.

Air France KLM August Traffic Soars, Nestle to Acquire Sweet Earth

Sarla Buch
08 Sep, 2017
New York City

Air France KLM passenger traffic in August soared. Pub operator Greene King said comparable sales declined on bad weather. Nestle agreed to acquire the U.S.-based Sweet Earth. Imperial Brands sells 10% stake in Spain-based Logista.

Barnes & Noble Woes Deepen, Donaldson Outlook Disappoints

Mukesh Buch
07 Sep, 2017
New York City

Barnes & Noble extended quarterly comparable sales decline continue for the third year in a row. Dell Technologies signed multi-year agreement with GE. Donaldson net soared 15% but outlook disappointed. Hooker Furniture agreed to acquire Shenandoah Furniture. Korn/Ferry net surged.

Emerging Markets Drive Ashmore Results, Go-Ahead Issues Profit Warning

Sarla Buch
07 Sep, 2017
New York City

Ashmore profit surged 31% on 11% jump in revenues. Bovis Homes net tumbled 29%. Go-Ahead said fiscal 2018 profit may be hit after it lost a contract. Redde net dropped 6%. Wendel net swung to profit.

HP Enterprise Beats Expectations, HD Supply Net Jumps

Mukesh Buch
06 Sep, 2017
New York City

Calavo Growers net plunged but revenues jumped 15%. Casey''s General net declined. Dave & Buster''s profit surged. Fred''s and G-III Apparel reported wider net loss. Hewlett Packard Enterprise net tumbled 93%. HD Supply profit soared. Navistar net swung to profit.

UK Home Builders Suffer from Brexit Woes, Sports Direct Reaffirms Outlook

Sarla Buch
06 Sep, 2017
New York City

U.K. based home builder Berkeley said fiscal profit is in line with market expectation. Barratt reported strong results. Sports Direct reaffirmed fiscal 2018 profit forecast. Vectura net loss widened.

4 Deals Including Daily News and Rockwell Collins Dominate Merger Monday

Mukesh Buch
05 Sep, 2017
New York City

HB Fuller agreed to acquire smaller rival Royal Adhesives for $1.6 billion. Nasdaq plans to buy eVestment for $705 million. Tronc agreed to buy the Daily News. Teleflex plan to buy NeoTract for $1.1 billion. United Technologies agreed to buy Rockwell Collins for $23 billion.

Aveva Surges on Schneider Deal, Merck Plans to Sell Consumer Health Unit

Sarla Buch
05 Sep, 2017
New York City

Merck KGaA plans to sell its consumer health business including its unit in India. Lego plans to cut 1,400 positions. Redrow profit and revenues surged on strong housing demand. The Angry Birds game maker Rovio plans to raise

Dechra Lifts Dividend on Profit Surge, EU Approves Air Berlin Aid

Sarla Buch
04 Sep, 2017
New York City

C&C agreed to acquire 47% stake in pub operator Admiral Taverns. Dechra profit more than doubled and the drug maker lifted annual dividend. Johnson Service net soared and the work-wear provider estimated yearly results may slightly ahead of market expectations.

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