Industry News

Crisil Ltd, for example, says that revenue growth will hit a two-year high and operating profit growth will hit 13.5%. A good part of this jump comes simply because of a low base of the previous year."/>
How earnings expectations have been dashed in the last two years [Mint, New Delhi]
Coal Asia Holdings Inc., has completed a further 1,000 metric tons of coal shipment to Sarangani Energy Corp. in Maasim, Sarangani Province. In a disclosure to the Philippine Stock Exchange, Coal Asia said it and its subsidiary Titan Mining are prepared to help cushion the impact of the shortfall in coal imports by making available their equivalent local resources given Indonesia's coal embargo to the..."/>
Coal Asia sends 1K MT shipment to Sarangani [The Manila Times, Philippines]
Legg Mason announced Thursday that it acquired an 82 percent stake in Financial Guard LLC, an online investment advisory platform. Salt Lake City-based Financial Guard offers clients customized financial advice through on online portal based on aggregated information. It offers its services to individuals, employers, brokers and other investment advisers."/>
Legg Mason acquires stake in online investment advisory [The Baltimore Sun]
Wintrust Financial will become a bigger player in Elgin through its planned purchase of First Community Financial. Wintrust, which has about $24 billion in assets and more than 150 branches in the Chicago area and southern Wisconsin, announced the proposed $30.3 million deal late Wednesday. First Community Bank has two locations in Elgin and about $155 million in deposits."/>
BRIEF: Wintrust to buy Elgin bank in $30.3 million deal [Chicago Tribune]
M and A Navigator: Deal pipeline –8 July
Mosaic Capital Corporation is pleased to announce the appointment of Mark Gardhouse as its new Chief Executive Officer effective July 11, 2016. John Mackay, Mosaic's Co-founder and current CEO will continue to serve as Executive Chairman of Mosaic's Board of Directors. "Mark has over 30 years' experience in private equity and merchant banking in both Canada and the United States. We've selected a strong, experienced leader at a time when Mosaic is in a..."/>
Mosaic Capital Corporation Building on Success: Mosaic Appoints Mark Gardhouse as New CEO. John Mackay Continues as Executive Chairman
Gramercy Property Trust has closed four separate transactions of four single-tenant industrial properties in the Miami MSA, Atlanta MSA and Chicago MSA for a total cost of USD 60.4 m, the company said. The first transaction was a sale and lease back of a 123,100 square foot warehouse and headquarters facility leased to an automobile parts distributor located in Miami, Florida. Gramercy Property said that the second..."/>
Gramercy Property Trust Spends USD 60.4m on 4 US Acquisitions
Gramercy Property Trust's subsidiary sponsored, Europe-focused Gramercy Property Europe plc fund has acquired a 244,200 square foot portfolio of five car dealerships via a sale and lease back transaction in locations across the Netherlands for USD 30.27 m, the company said. The properties range in size from 18,100 to 106,200 square feet and are all leased for an initial term of 17 years to the second largest automotive..."/>
Gramercy Europe Buys 5 Dutch Car Dealerships for USD 30.27m
Assurant, Inc. has acquired US-based title and valuation services provider American Title, Inc., the company said. The company was acquired for USD 45 m in cash, with a potential earnout based on future performance. Assurant expects the transaction to be modestly accretive to earnings in 2017.."/>
US Insurer Assurant Acquires American Title for USD 45m in Cash
Apple Hospitality REIT, Inc. has closed on its acquisition of a 128- room Home2 Suites by Hilton in Atlanta, Georgia for a purchase price of USD 24.6 m, or approximately USD 192,000 per key the company said. Apple Hospitality said that the Home2 Suites by Hilton Atlanta Downtown is convenient to a range of demand generators including Centennial Olympic Park, the CNN Center, the College Football Hall of Fame, and..."/>
Apple Hospitality REIT Buys Atlanta Home2 Suites Hotel for USD 24.6m
Easterly Government Properties, Inc. has completed the acquisition of three properties totaling 203,873 square feet, the company said. The acquisitions include a 96,278 square foot Federal Bureau of Investigation property in Birmingham, Alabama, a 35,616 square foot Drug Enforcement Administration property in Birmingham, Alabama, and a 71,979 square foot Environmental Protection Agency laboratory in Kansas..."/>
Easterly Government Properties Acquires Properties in Alabama, Kansas
LendingClub Corporation concerning possible violations of federal securities laws on behalf of investors who purchased or otherwise acquired shares of the Company in connection to the Initial Public Offering on or about December 11, 2014, or between December 11, 2014 and May 6, 2016. Investors who purchased or otherwise acquired shares on or about the IPO, or during the Class Period should..."/>
JULY 15, 2016 DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit Against LendingClub Corporation and Reminds Investors With Losses to Contact the Firm
CVB Financial Corp., the holding company for Citizens Business Bank, is pleased to announce that David F. Farnsworth has been hired as the new Chief Credit Officer for CVBF and CBB. Farnsworth will replace James F. Dowd, the Company’ s previous Chief Credit Officer, who retired from the Company, effective on July 1, 2016. Dowd’ s retirement was previously disclosed by the Company in a Form 8- K dated April 12, 2016."/>
CVB Financial Corp. Announces Hiring of David F. Farnsworth as Chief Credit Officer
Care Capital Properties, Inc. today announced that it has priced its previously announced private offering of $500 million aggregate principal amount of 5.125% Senior Notes due 2026. The sale of the Notes is expected to close on July 14, 2016, subject to customary closing conditions. The Notes are being issued by CCP’ s wholly owned operating partnership, Care Capital Properties, LP at a price of 100% of the principal amount thereof and will be fully and unconditionally..."/>
Care Capital Properties Prices $500 Million of Senior Notes Due 2026

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