Industry News

IC Group A/S has reported the following transactions carried out by Alexander..."/>
Report on transactions in the Company's shares made by officers of IC Group
Magna International Inc revealed on Monday that it has signed a purchase agreement for the BCO Group of Companies, an automotive supplier of latches, hinges and strikers. Subject to regulatory approval, the transaction will close in the third quarter of 2016 and is expected to enhance the company's product portfolio and engineering capabilities, as well as strengthening its position in the closure systems market. However, financial details of the deal were not disclosed."/>
Magna signs purchase agreement BÖCO Group of Companies for undisclosed amount
Icahn Enterprises LP has begun a tender offer through its wholly owned subsidiary, IEH FM Holdings LLC for all of the outstanding shares of common stock of Federal-Mogul Holdings Corporation that are not already owned by IEH, the company declared on Monday. Also, the company said that IEH owns about 82% of the outstanding shares at present and that the tendering stockholders will be paid USD9.25 per share in cash. This offer is being made under the Agreement and Plan of Merger dated..."/>
Icahn Enterprises begins tender offer for Federal-Mogul Holdings' common stock at USD9.25 per share cash
Yum! Brands, which is currently expected to occur after the close of business on 31 October 2016.. Under this separation plan, the Yum!"/>
Yum! Brands’ board approves separation of Yum China; Declares increased dividend of USD0.51 per share
Cracker Barrel Old Country Store Inc reported on Monday that its board of directors approved a regular common shares dividend of USD1.15 per share. The dividend will be paid on 7 November 2016 to shareholders of record on 14 October 2016.. Also, the board authorised a new share buy back programme for up to USD25m of the company's outstanding common stock, which will be effective immediately and replace the earlier programme, it said."/>
Cracker Barrel announces dividend of USD1.15 per share for quarter and buy back of USD25m common stock
Yum! Brands' board will now consist of 12 directors, 11 of whom will be independent."/>
Yum! Brands names Paget Alves to board
Inox Leisure Ltd, The Times of India reported on Tuesday. It was built in 1934 by Metro-Goldwyn-Mayer, a Beverly Hills-based American production company to promote their films in Kolkata, which at that time was among the important cities of the British Empire with a large English-speaking population of Britishers. Opened in 1935, the theatre was designed..."/>
Metro Cinema to turn into retail-cum-entertainment zone, Inox bags lease [Mint, New Delhi]
Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. and its Chapter 11 debtor subsidiaries today announced that they have received confirmation from representatives of CEOC's major creditor groups of those groups' support for a term sheet that describes the key economic terms of a proposed consensual chapter 11 plan for the Debtors. Based on discussions with these representatives, Caesars..."/>
Caesars Entertainment, Caesars Entertainment Operating Co. Announce Key Economic Terms Of Proposed Consensual Restructuring Plan for CEOC
Cnova N.V. Publishes its 2015 Dutch Annual Financial Report
Hero MotoCorp is working on self-driving motorcycles that can make two-wheeler rides safer; at present, 25% of road accidents in India involve two-wheeler riders, according to government data. "By nature, bikes are unstable..."/>
Up next: Smart bikes that can see around corners, from Hero [Hindustan Times, New Delhi]
Staples removes interim tag, names Goodman CEO. Staples Inc. named interim Chief Executive Officer Shira Goodman to the position on a permanent basis, betting on a company veteran as the office-supply retailer works to move forward from its failed merger with Office Depot Inc.. Goodman also will join the board, the Framingham-based company said yesterday in a statement."/>
Boston Herald The Ticker column [Boston Herald]
Hindustan Unilever Ltd, India's largest consumer packaged goods company by sales, has decided to shutter its coffee retail chain Bru World Cafés five years after launching it. "We have decided to close our Bru World Cafés," a company spokesperson confirmed in an email on Monday, adding that the cafe chain was launched to enable the brand to have a deeper consumer engagement. "These learnings have helped us to bring more consumer-relevant innovations, which has..."/>
Five years after launch, HUL shuts down Bru World Cafe chain [Mint, New Delhi]

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