Industry News

San Diego economy slips in May [The San Diego Union-Tribune]
Diamond Resorts International, Inc. has entered into an agreement and plan of merger with affiliates of certain funds managed by affiliates of US-based alternative asset manager Apollo Global Management, LLC under which the Apollo Funds will acquire Diamond Resorts for USD 30.25 per share or approximately USD 2.2 bn, the company said. The all-cash offer represents a premium of approximately 26% over Diamond Resorts' closing share price..."/>
Diamond Resorts International Agrees to USD 2.2bn Apollo Buyout
Dick's Sporting Goods Inc. won an auction for rival Sports Authority Holdings Inc.' s brand name and other intellectual property, as well as the right to take over 31 store leases. The Findlay-based sporting goods retailer agreed to pay $15 million for the intellectual property and $8 million for the stores, according to a regulatory filing Thursday. The bids still need to be approved by the U.S."/>
Dick's wins bankruptcy auction for Sports Authority brand, 31 stores [The Pittsburgh Tribune-Review]
AMC Entertainment's $1.1 billion purchase of rival Carmike Cinemas is "now at considerable risk," AMC's chief executive Adam Aron said Thursday. The Leawood-based owner of AMC Theaters said it asked Carmike to adjourn its Thursday shareholders meeting at which shareholders were to vote on the buyout offer until July 15.. Carmike said in a statement that it convened the shareholder meeting and adjourned it until July 15 at AMC's request."/>
AMC says its Carmike deal "now at considerable risk" [The Kansas City Star]
Charter Communications' swallowing of Time Warner Cable, rules outlawing fast-lane internet tollways and a zombie TV show all have in common? They're all landmarks in a constantly consolidating, evermore crucial communications landscape being remade regularly by fast-changing technology. Together, they represent a blending of industries angling for the business of lighting up your TV, your tablet, your phone and the gee-whiz gadget of the near future."/>
Kansas City is a rare market of broadband competition in a fast-consolidating world [The Kansas City Star]
NeuroMama, Ltd., the Internets premier provider of customized search engines to business, think tanks and research facilities, today announced the launch of Vica.Life the world's most technologically advanced and versatile content distribution network. Jeremy Thomas, the company Interim CTO said,“..."/>
NeuroMama, Ltd. Launches Multifaceted SOCIAL NETWORK
Fincera Inc., a leading provider of web-based financing and ecommerce services for small and medium-sized businesses and individuals in China, today reported financial results for the first quarter ended March 31, 2016.. For the Three Months Ended---------------------------------------------------- March 31, December 31, March 31, 2016 2015 2015-----------------------------------------------%% Amount Amount Change Amount Change----------------------------------------------- CeraPay Transaction Volume 4,362.7 4,076.4 7.0% 940.4 363.9%----------------------------------------------- CeraVest Loans Issued 1,109.7 681.8 62.8% 219.6..."/>
Fincera Reports First Quarter 2016 Financial Results, Highlighted by Significant Growth in the Company's Online Lending and Processing Platforms
CalAtlantic Group, Inc. will release its 2016 second quarter results after the market close of the NYSE on Thursday, July 28, 2016. In conjunction with the earnings release, the Company will host a conference call and broadcast a slide show and audio presentation over the internet on Friday, July 29, 2016, at 11:00 a.m. Eastern time. CalAtlantic Group, Inc., a combination of Standard Pacific Corp. and Ryland Group, Inc., two of the nation's..."/>
CalAtlantic Group, Inc. Schedules 2016 Second Quarter Results Conference Call And Webcast
Revolution Bars Group plc is in discussions regarding a proposed acquisition of four bars in Edinburgh for an expected consideration of approximately GBP 16 m, the group said. In the financial year ended 26 April 2015, the target assets reported an aggregate site EBITDA of GBP 3.3 m. The proposed acquisition, should it complete, is expected to be significantly earnings enhancing for the group's financial year ending 30 June 2017, and would..."/>
Revolution Bars in Talks to Acquire Four Bars in Edinburgh in GBP 16m Deal
Outerwall Inc. will report financial results for the 2016 second quarter on Thursday, July 28, 2016, after the market close. Outerwall's earnings press release and prepared remarks reviewing the company's financial results and guidance will be available on the Investor Relations section of Outerwall's website at Also on July 28, 2016, Outerwall's Chief Executive Officer Erik E. Prusch and Chief Financial..."/>
Outerwall Inc. to Report 2016 Second Quarter Financial Results on July 28, 2016
Universal Technical Institute, Inc., today announced that its Board of Directors has adopted a stockholder rights plan. The rights plan, which has a term of 364 days, is designed to protect the interests of the Company's stockholders. The rights plan was adopted following evaluation and consultation with the Company's outside advisors and is similar to plans adopted by numerous publicly traded companies."/>
Universal Technical Institute Adopts Stockholder Rights Plan
DeVry Education Group, a global provider of educational services, today announced that it has appointed Michael W. Malafronte, managing partner of International Value Advisers, LLC and president of the IVA Funds to its board of directors. IVA currently owns 19.5 percent of the shares outstanding at DeVry Group. Malafronte is responsible for overseeing all aspects of IVA, including company strategy and managing resources."/>
DeVry Education Group Appoints Michael Malafronte to Board of Directors
Summer Infant, Inc., a global leader in premium infant and juvenile products, today announced that board member Richard Wenz died earlier this week after a brief, unexpected illness. Wenz, age 66, had been a member of Summer Infant’ s board since 2007 and, most recently, was the Company’ s Lead Independent Director.. “It is with great sorrow that we announce the passing of Dick Wenz,” said Dan Almagor, Chairman of Summer Infant’ s Board of Directors.“ Dick was a kind and..."/>
Summer Infant Announces Passing of Board Member Richard Wenz
China Online Education Group, a leading online education platform in China with core expertise in English education, today announced that the underwriters of its initial public offering had exercised the option to purchase up to an additional 360,000 ADSs to cover over-allotments in full. Including the full exercise of the over-allotment and the private placements completed concurrently with the public offering, 51 Talk offered a total of..."/>
China Online Education Group Announces Exercise of Underwriters' Over-Allotment Option

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