Industry News

Global Net Lease Inc on Tuesday declared monthly dividends at an annual rate of USD0.71 per share or USD0.1775 per share for the third quarter, as approved earlier by its board of directors. Therefore, the monthly dividend is USD0.059166667 per share. Accordingly, the dividends will be paid on 15 July 2016, 15 August 2016 and 15 September 2016 to stockholders of record at the close of business on 8 July 2016, 8 August 2016 and 8 September 2016, respectively."/>
Global Net Lease declares Q3 2016 dividend of USD0.1775 per share
Suffolk Bancorp and Suffolk County National Bank subsidiary in a 100% stock transaction valued at approximatelyUSD 402 m, the company said. People's United Financial is the holding company for People's United Bank, N.A. Completion of the transaction is subject to customary closing conditions,..."/>
People's United Financial to Acquire Long Island-based Suffolk Bancorp in USD 402m Deal
Assurant, Inc., a global provider of risk management solutions, today announced that three executives have been recognized by Profiles in Diversity Journal with "Women Worth Watching" awards. Rebekah Biondo, vice president of mergers and acquisition and strategy, Ana Paula Almeida Santos, legal director, and Tammy Schultz, global president of preneed, were recognized for demonstrating outstanding achievement and leadership in their careers. Profiles in Diversity..."/>
Assurant Executives Named 2016 Women Worth Watching
Empire State Realty Trust announces that Frederic Fekkai, the premier luxury salon brand, has signed a long-term lease for its New York City offices at One Grand Central Place. After creating hairstyles for celebrities and models on both catwalks and magazine covers, Frederic Fekkai opened salons across the United States and went on to launch his own line of hair care products. "Fekkai is a strong global brand and we are delighted to welcome the company to One Grand..."/>
Empire State Realty Trust Welcomes Frederic Fekkai to One Grand Central Place | Empire State Realty Trust
Berkshire Hills Bancorp, Inc. and New Jersey-based First Choice Bank have signed a definitive merger agreement under which First Choice Bank will merge into Berkshire Bank and its subsidiary, First Choice Loan Services Inc., will become a subsidiary of Berkshire Bank in an all-stock transaction valued at approximatelyUSD 111.7 m, the companies said. Berkshire'stotal assets will increase toUSD 8.9 bnincluding..."/>
Berkshire Hills to Acquire New Jersey, US-based First Choice Bank in USD 111.7m
New York REIT Inc approved a dividend of USD0.038333333 per share for July 2016, the company disclosed on Tuesday. All stockholders of record at the close of business on 8 July 2016 will be paid the dividend on 15 July 2016.. New York REIT acquires commercial real estate and together with acquiring, it makes other real estate investments that relate to office, retail, multi-family residential, industrial and hotel property types, primarily in New York City."/>
New York REIT declares dividend of USD0.038333333 per share for July 2016
Camden National Corporation reported on Tuesday that the company will pay a dividend of USD0.30 per share, as authorised by its board of directors. The dividend will be paid to shareholders of record on 15 July 2016, on 29 July 2016.. Camden is the parent of Camden National Bank and Acadia Trust NA."/>
Camden National's board approves dividend of USD0.30 per share for quarter
Starwood Property Trust Inc stated on Tuesday that the conversion rate applicable to its outstanding 4.55% and 4.00% convertible senior notes due 2018 and 2019, has been adjusted to 46.7513 and 49.4927, respectively, in each case effective 28 June 2016 and subject to further adjustment as provided in the applicable governing indenture. Further, the company said that these adjustments have been made under the terms of the notes as a result of the cash dividend paid on 15 April..."/>
Starwood Property Trust adjusts conversion rates for 4.55% and 4.00% senior notes due 2018 and 2019
MetLife, Inc., today announced the launch of Rememory Stories, a free platform that allows users to capture and share their family history. The interactive platform is free to use online and on mobile devices and is designed to make it fun and easy to uncover, record, and share family histories."/>
LumenLab Launches “Rememory Stories” Platform
Religare Enterprises Ltd, has acquired 1.32 million pledged shares of India's largest private shipbuilder ABG Shipyard Ltd to take a 24.49% stake in the debt-laden company. In its filing to BSE, ABG Shipyard said Religare Finvest has acquired 1.32 million shares, representing 24.49% stake in the shipbuilder, by invoking the' encumbrance' clause. This acquisition will, under the rules, not trigger an open offer to ABG Shipyard's..."/>
Religare Finvest acquires 24.49% stake in ABG Shipyard [Mint, New Delhi]
Is 2016 the year of gold and silver? [Mint, New Delhi]
Mint, New Delhi, Monika Halan column [Mint, New Delhi]
State Bank of India since 1984. In November 2013, he was deputed to SBI Funds Management Pvt. Ltd as its managing director and chief executive officer."/>
Blend of digital and physical matters most [Mint, New Delhi]
ICICI Bank Ltd and Prudential Corporation Holdings Ltd. The company began operations in 2000.."/>
ICICI Prudential Life Insurance to launch IPO by September [Mint, New Delhi]
Indraprastha Gas Ltd closed at an annual high of Rs.620 apiece in mid-June. Since then, the stock has declined marginally."/>
Mahanagar Gas share sale buzz boosts Indraprastha Gas stock [Mint, New Delhi]
Goldman Sachs Group Inc. to set up his own private equity business called Avatar Growth Capital Partners, two people aware of the development said. Avatar Growth Capital is a mid-market private equity firm that will look at investing in high-growth companies, one of them said. The size of the fund could not be immediately ascertained."/>
Vishal Bakshi quits Goldman Sachs to set up private equity business [Mint, New Delhi]
Religare Enterprises Ltd, has acquired 1.32 million pledged shares of India's largest private shipbuilder ABG Shipyard Ltd to take a 24.49% stake in the debt-laden company. In its filing to BSE, ABG Shipyard said Religare Finvest has acquired 1.32 million shares, representing 24.49% stake in the shipbuilder, by invoking the' encumbrance' clause. This acquisition will, under the rules, now trigger an open offer to ABG Shipyard's..."/>
Religare Finvest acquires 24.49% stake in ABG Shipyard [Mint, New Delhi]
United Bank of India is expecting a capital infusion of Rs.500-600 crore from the Centre this year, over and above a Rs.1, 000- crore share sale for which it obtained shareholders' approval on Tuesday. Last year, the Centre had provided Rs.480 crore to Kolkata-based United Bank to shore up its equity capital, and this year, too, the Centre may inject Rs.500-600 crore more, said executive director Sanjay Arya. The Centre has proposed to spend up to Rs.25, 000 crore in the..."/>
United Bank expects capital infusion of Rs500-600 crore this year [Mint, New Delhi]
JSW Steel Ltd on Tuesday said it will seek shareholders' approval to raise as much as $2 billion by selling non-convertible foreign currency denominated bonds to fund its long-term capital expenditure plans. In addition, the company will also seek approval from shareholders to raise up to Rs.4, 000 crore by selling shares and debentures to institutional investors through the qualified institutional placement route. JSW Steel will seek shareholders' approval..."/>
JSW Steel seeks to raise up to $2 billion via foreign currency bonds [Mint, New Delhi]
Synovus Financial Corp., the parent company of Columbus Bank and Trust, has been named one of the "most reputable" banks in the U.S. by American Banker magazine and the Reputation Institute. The Columbus-based bankholding firm is No. 2 out of 33 financial institutions on the annual 2015 list, with it in the top 10 among customers and non-customers surveyed by the institute. The recognition appears in the July edition of American Banker, a trade periodical for top banking and..."/>
Synovus is among 'most reputable' banks in the U.S. [Columbus Ledger-Enquirer, Ga.]

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