Industry News

Lennar Corp., the No. 2 U.S. homebuilder, agreed to buy luxury homebuilding WCI Communities in a deal that would expand Miami-based Lennar's reach and operations in the state. Lennar will spend $643 million to acquire Bonita Springs-based WCI, a transaction that combines two of the largest home construction companies in Florida. The boards of both publicly traded companies have approved the deal, which must still get the nod from WCI shareholders."/>
Florida homebuilders unite: Lennar to buy WCI for $643 million [The Miami Herald]
Publix Super Markets is now accepting chipped credit card payment, the last major grocer in Central Florida to do so. The Lakeland-based supermarket chain adopted the chip-based debit and credit card payment method in August and is rolling out the technology through the 1,128 store chain. "We have worked diligently to filter through EMV tests and validations to ensure we have the most seamless transition for our associates and customers," said Publix spokesman Dwaine..."/>
Publix finally adopts chipped credit card tech [Orlando Sentinel]
FedEx. The job openings have companies competing for temporary workers during a period of relatively low unemployment; one company specializing in e-commerce announced in mid-July it was hiring for up to 3,000 openings in November and December. But the hiring surge at hubs, warehouses and distribution centers isn't expected to put much..."/>
Low unemployment could make filling 12,000 holiday jobs difficult [The Commercial Appeal, Memphis, Tenn.]
M and A Navigator: Deal pipeline –23 September
Starz, the company said. In July, Lionsgate agreed to buy Starz for a combination of cash and stock totalingUSD 4.4 bn. The combined company will encompass: a 16,000- title film and television library, including 87 original series on 42 US networks; a feature film business that..."/>
Lionsgate Suspends Dividend Ahead of USD 4.4bn Starz Merger
Global Wins Wednesday With a Double Dose of Reality
Sirius XM Canada Holdings Inc., the parent of Sirius XM Canada Inc., announced that the Company is aware of Applications for Authorization to Institute a Class Action that have been filed with the Superior Court. The Applications seek to authorize the bringing of class action litigation against the Company in connection with Quebec's Consumer Protection Act and includes bringing a class action litigation against certain other prominent Canadian..."/>
SiriusXM Canada Aware of Potential Class Action Litigation
Whistler Blackcomb Holdings Inc. today announced that Institutional Shareholder Services Inc. and Glass, Lewis& Co. have each recommended that Whistler Blackcomb shareholders vote in favour of the proposed strategic combination joining Whistler Blackcomb with Vail Resorts. ISS and Glass Lewis are independent proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual..."/>
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Whistler Blackcomb Shareholders Vote FOR Strategic Combination with Vail Resorts
Whistler Blackcomb Holdings Inc. today announced that Institutional Shareholder Services Inc. and Glass, Lewis& Co. have each recommended that Whistler Blackcomb shareholders vote in favour of the proposed strategic combination joining Whistler Blackcomb with Vail Resorts. ISS and Glass Lewis are independent proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers,..."/>
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Whistler Blackcomb Shareholders Vote FOR Strategic Combination with Vail Resorts
WCI Communities Inc., with headquarters in Bonita Springs, has announced the signing of a definitive merger agreement under which the Miami-based Lennar Corp.-- one of the nation's largest homebuilders-- has agreed to acquire all of the outstanding shares of WCI common stock in a cash and stock transaction. This represents an approximate 37 percent premium to WCI's closing share price..."/>
Luxury home developers Bonita-based WCI, Lennar merge [Naples Daily News, Fla.]
Office Depot formally re-opened its newly redesigned store near Royal Palm Beach on Thursday, bringing the company's sleeker and more business-friendly format to Palm Beach County. The Boca Raton-based retailer announced earlier this year that it was testing a plan to make its retail locations smaller and better organized. The company's first "Store of the Future" concept was rolled out in May at the chain's Margate store in Broward County."/>
Office Depot opens "store of the future" in Royal Palm Beach [The Palm Beach Post, Fla.]
4Licensing Corporation Files for Chapter 11 Bankruptcy

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