Industry News

Starz, a leading integrated media and entertainment company, today announced an agreement under which Lionsgate will acquire Starz for a combination of cash and stock totaling $4.4 billion, creating a global content..."/>
Lionsgate to Acquire Starz for $4.4 Billion in Cash and Stock
SONIC ® Drive-In, the nation’ s largest chain of drive-in restaurants, announced the impact of the brand’ s inaugural# ThanksTeach campaign in partnership with Julianne Hough during Teacher Appreciation Month to fund essential learning and innovative teaching resources requested by teachers. SONIC pledged to contribute up to $1 million to DonorsChoose.org through its Limeades for Learning..."/>
Julianne Hough and SONIC Drive-In Mobilize Fans to Fund 623 Public Schools Through Inaugural #ThanksTeach Campaign During Teacher Appreciation Month
Wayfair, one of the world’ s largest online destinations for home furnishings and décor, today announced the top 20 U.S. neighborhoods 1 most likely to host the best backyard party this summer. The ranking is based on Wayfair.com sales data by region of outdoor summer goods across 15 popular categories including grills, meat smokers, outdoor dining sets, outdoor bars, chaise lounges, hammocks, pool floats and..."/>
Wayfair Announces Top 20 U.S. Neighborhoods Most Likely to Throw the Best Backyard Bash
Darden Restaurants, Inc., today reported its financial results for the fourth quarter and fiscal year ended May 29, 2016. The fourth quarter of last year included an extra week of operations resulting in a 53 week fiscal 2015.. Fourth Quarter 2016 Financial Highlights Versus Same Fiscal Quarter Last Year."/>
Darden Restaurants Reports Fiscal 2016 Fourth Quarter And Full Year Results; Reports Positive Same-Restaurant Sales For All Brands; Increases Quarterly Dividend; And Provides Fiscal 2017 Outlook
Nebraska Book Holdings, Inc.* today announced that it has extended its offer to exchange 2.0% Convertible Senior PIK Notes due 2026 for any and all outstanding 15.0% Senior Secured Notes due 2016. Extension of Exchange Offer The Exchange Offer was previously scheduled to expire at 12:00 midnight, New York City time, on June 29, 2016, unless extended. As of the close of business on June 29, 2016, approximately $83.1 million in principal amount, or 75.5%, of the..."/>
Nebraska Book Holdings, Inc. Announces Extension of Exchange Offer
Six Flags Entertainment Corporation, the world’ s largest regional theme park company, and The Coca-Cola Company are once again teaming up to celebrate the Red, White and Blue with a three-day extravaganza— the annual Coca-Cola July 4 th Fest at Six Flags taking place at all U.S. theme parks, July 2– 4. This three-day patriotic festival is included with park admission and offers..."/>
Coca-Cola July 4th Fest at Six Flags July 2–4
Garmin ® updates popular series of handhelds with redesigned antenna, Active Weather and Geocaching Live. OLATHE, Kan.---- Garmin International Inc., a unit of Garmin Ltd., today announced the Oregon 700, 750 and 750 t, an update to its popular series of touchscreen outdoor handhelds. Featuring high-sensitivity GPS and GLONASS support, the new Oregon 700 series has a redesigned GPS antenna for better reception and performance."/>
Introducing the Oregon® 700 series of handheld GPS units
VF Corporation for an undisclosed value. Through this acquisition, Delta Galil Industries expects additinal USD300m in top line annual sales and as well as be accretive to its earnings in 2017.. The newly acquired brands join Delta Galil's..."/>
Delta Galil to buy Contemporary Premium Brands from VF Corp for undisclosed amount
Perry Ellis International reported on Wednesday the launch of a license agreement for its Original Penguin's lifestyle products to expand its global reach in international markets via Chun Yuan International Company. This license agreement grants Chun Yuan International Company with the rights to design and distribute Original Penguin by Munsingwear fashion bedding and home products in the Philippines. Under the terms of the license agreement, Chun..."/>
Perry Ellis International signs licensing agreement for Original Penguin
Volkswagen AG over deceptive advertising and diesel car sales won't be affected by a $15.3 billion settlement announced by federal agencies, Oklahoma Attorney General Scott Pruitt said. Pruitt filed a lawsuit June 15 against the German automaker in Oklahoma County district court, alleging it misled consumers over the attributes of its "clean diesel" line of engines. The lawsuit came after Pruitt decided in..."/>
Oklahoma's lawsuit against VW to continue, state attorney general says [The Oklahoman, Oklahoma City]
Hilton Worldwide’ s hotel brand that redefines the lifestyle hotel category, and The Buccini/Pollin Group, unveiled plans for Canopy’ s first hotel in Portland, Oregon. Residing in the world famous Pearl District on Portland’ s Gallery Row, among cobblestone streets and stylish upscale boutiques and restaurants, Canopy by Hilton Portland Pearl District is a new-build..."/>
Canopy by Hilton Says Hello to Oregon
Del Frisco's Restaurant Group, Inc. is pleased to announce the opening of a new Del Frisco's Grille on Friday, June 24 in Huntington Station, NY. The new Del Frisco’ s Grille located at the prominent Simon’ s Walt Whitman Shops marks the first Long Island location for the concept and the first new Grille to open in 2016. With this opening, there are currently 21 Grille restaurants with two new Del Frisco’ s Grille locations slated to open in Nashville as..."/>
Del Frisco’s Restaurant Group Announces Opening of Del Frisco’s Grille in Long Island, New York
Johnson Controls in Plymouth studied dogs of various breeds and sizes and how they travel in cars-- and brainstormed ideas about how they could engineer seats and devices to protect pets and their human owners. For the moment, the engineers are using their own dogs as subjects."/>
Dogs in a car crash? Groups studying canine car safety [Detroit Free Press]
Staples Canada today released its Q1 sustainability update. Highlights include the launch of an in-store Keurig ® brewer recycling program, a 32 percent increase in battery recycling and a 161.8 percent increase in writing instrument recycling."/>
Staples Canada Releases Q1 2016 Sustainability Achievements
Skullcandy, Inc. and US-based consumer technology solutions platform provider Incipio LLC have entered into a merger agreement for Incipio to acquire Skullcandy, the companies said. Under the terms of the definitive merger agreement, Incipio will pay USD 5.75 per share in cash, or a total of approximately USD 177 m. The purchase price represents approximately a 29% premium over Skullcandy's closing share price on June 22, 2016, and..."/>
Incipio Group to Acquire Audio Device Maker Skullcandy for USD 177m
Gannett Co., Inc. has executed a merger agreement to acquire the outstanding shares of US-based digital services provider ReachLocal, Inc. for USD 4.60 per share in cash, via a tender offer, the company said. The offer represents a 188% premium to the unaffected closing price on Friday, June 24, 2016, and a total enterprise value of approximately USD 156 m. The transaction has both companies' boards' approvals and is..."/>
Gannett to Acquire US Digital Services Firm ReachLocal for in USD 156m Deal
VF Corporation signed a definitive agreement to sell its Contemporary Brands businesses to Delta Galil Industries Ltd, the company revealed on Thursday. Subject to various working capital adjustments, the selling price is USD120m. The transaction, which includes brands such as 7 for All Mankind, Splendid and Ella Moss, is expected to close in the third quarter of this year, subject to regulatory approvals and other customary closing conditions."/>
VF signs definitive sale agreement with Delta Galil Industries Ltd for its Contemporary Brands businesses for USD120m
Facebook, using the company's popular product feature--Facebook Live. The cricket league announced on Thursday that all 34 matches of the ongoing Twenty20 tournament will be broadcast on Facebook Live across 40 countries, including India. "CPL will become the first sports league to supplement its existing broadcast deals and use the Facebook Live..."/>
In a first, Caribbean Premier League to broadcast matches using Facebook Live [Mint, New Delhi]

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