New Credit Facility, Appointments, Agreements, Asset Sales and Merger Deals -
Research Report on Genworth Financial, MAA, CoStar Group, Colonial Property
Trust and Grupo Financiero
NEW YORK, October 1, 2013
NEW YORK, October 1, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Genworth
Financial Inc. (NYSE: GNW), Mid-America Apartment Communities Inc. (NYSE:
MAA), CoStar Group Inc. (NASDAQ: CSGP), Colonial Properties Trust (NYSE: CLP),
and Grupo Financiero Galicia S.A. (NASDAQ: GGAL). Today's readers may access
these reports free of charge - including full price targets, industry analysis
and analyst ratings - via the links below.
Genworth Financial Inc. Research Report
On September 26, 2013, Genworth Financial Inc. (Genworth Financial) and its
wholly owned subsidiary, Genworth Holdings, Inc. announced that it has entered
into a credit agreement that provides the subsidiary with a three-year $300
million, multicurrency revolving credit facility, with a $100 million sublimit
for letters of credit. According to the Company, the proceeds of the loans may
be used for working capital and general corporate purposes. Commenting on the
agreement, Martin P. Klein, Executive Vice President and CFO of the Company
said, "We are pleased to have entered into this credit agreement as it
represents another milestone in our plan to turn the company around. With
access to the credit facility, we have further strengthened our balance sheet
and enhanced our financial flexibility." The Full Research Report on Genworth
Financial Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
Mid-America Apartment Communities Inc. Research Report
On September 3, 2013, Mid-America Apartment Communities Inc. (MAA) announced
the appointment of Robert J. DelPriore as Executive Vice-President and General
Counsel of the Company. According to MAA, in his new role, Mr. DelPriore will
be responsible for overseeing legal and regulatory matters for the Company,
besides, coordinating corporate governance and enterprise risk management
activities. Commenting on the appointment, MAA's Chairman and CEO, Eric Bolton
said, "We are thrilled to have Rob join our executive management team. Our
board and management team have worked with him in his capacity as our outside
securities counsel for a number of years. Rob brings a wealth of knowledge and
experience, in a wide range of legal and compliance matters, to our company.
In joining our management staff he will be in a position to have a more active
and hands-on involvement with our expanding operation and strategy
development." The Full Research Report on Mid-America Apartment Communities
Inc. - including full detailed breakdown, analyst ratings and price targets -
is available to download free of charge at:
CoStar Group Inc. Research Report
On September 10, 2013, CoStar Group Inc. (CoStar) announced that Transwestern-
one of its largest clients, has signed a new national agreement with the
Company's information services. According to the Company, the multi-year
agreement provides more than 600 Transwestern users in 32 of the CoStar's
offices with expanded access to the Company's services and consolidates dozens
of separate subscription agreements. The Company further added that some of
Transwestern's offices have contracted to upgrade their subscription to
CoStar's full suite of information services, including CoStarGo, CoStar's
innovative mobile app for the iPad. CoStar Group Founder and CEO, Andrew C.
Florence said, "We are extremely pleased and gratified that industry-leading
companies such as Transwestern continue to choose CoStar as their primary
information partner. We take great pride in supporting our longtime clients'
continued growth and success." The Full Research Report on CoStar Group Inc. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
Colonial Properties Trust Research Report
On September 18, 2013, Colonial Properties Trust (Colonial Properties Trust)
announced that it has settled the sale of its Colonial Promenade Tannehill
retail asset in Birmingham, Alabama, for a total sale price of $38.5 million.
According to the Company, the Colonial Promenade Tannehill property was
unencumbered and sales proceeds of the same were used to repay a portion of
the outstanding balance of the Company's unsecured credit facility. The Full
Research Report on Colonial Properties Trust - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.investorsreports.com/report/2013-09-26/CLP]
Grupo Financiero Galicia S.A. Research Report
On September 10, 2013, Grupo Financiero Galicia S.A. (Grupo Financiero)
announced that it has entered into a preliminary merger agreement to implement
the merger of Lagarcué S.A. and Theseus S.A. with Grupo Financiero being the
surviving company of the merger. According to the Company, once committed, the
merger will consolidate to Grupo Financiero´s ownership interest in its
principal subsidiary Banco de Galicia y Buenos Aires S.A. (Banco Galicia) by
adding c.25.5 million of Class "B" shares of Banco Galicia, representing 4.5%
of the total capital stock of Banco Galicia, which are currently owned by
Lagarcué S.A. and Theseus S.A. The Company informed that, post the merger,
Grupo Financiero stake in Banco Galicia will reach 99.5%. The Full Research
Report on Grupo Financiero Galicia S.A. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
1.This is not company news. We are an independent source and our views do
not reflect the companies mentioned.
2.Information in this release is fact checked and produced on a best efforts
basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we
are only human and are prone to make mistakes. If you notice any errors or
omissions, please notify us below.
3.This information is submitted as a net-positive to companies mentioned, to
increase awareness for mentioned companies to our subscriber base and the
4.If you wish to have your company covered in more detail by our team, or
wish to learn more about our services, please contact us at
5.For any urgent concerns or inquiries, please contact us at
6.Are you a public company? Would you like to see similar coverage on your
company? Send us a full investors' package to
research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider represented by Namrata Maheshwari,
CFA, has only reviewed the information provided by Equity News Network in this
article or report according to the Procedures outlined by Equity News Network.
Equity News Network is not entitled to veto or interfere in the application of
such procedures by the outsourced provider to the articles, documents or
reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA
SOURCE Investors' Reports
Contact: Kristi Saunders : +1-315-982-6420 (North America)
Press spacebar to pause and continue. Press esc to stop.