Industry News

Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today provided further information to investors on its acquisition of Trayport following the UK’ s Competition and Markets Authority’ s announcement of its provisional findings on August 16, 2016.. The CMA’ s provisional findings identified areas of concern. ICE does not agree with the findings which do not align with ICE’ s vision for..."/>
Intercontinental Exchange Statement on Trayport Acquisition
Granite Real Estate Investment Trust approved a stapled units distribution of CAD0.203 per unit, the company revealed on Wednesday. With an ex-dividend date of 29 August 2016 on the Toronto and New York Stock Exchanges, the distribution to unit holders of record at the close of trading on 31 August 2016 will be paid on 15 September 2016.. Granite is a real estate investment trust that owns, manages and rents industrial, warehouse and logistics properties in..."/>
Granite REIT announces distribution of CAD0.203 per stapled unit fir August 2016
Ujjivan Financial Services Ltd.. The stocks of Equitas and Ujjivan have moved up by a mouth-watering 59% and 108%, respectively, from their issue prices."/>
RBL Bank IPO: Slimmer chances of a listing pop [Mint, New Delhi]
Power Grid Corporation of India Ltd recouped the losses it made after the June quarter results announcement. Despite reporting strong performance-revenues, Ebitda, net profit increased in the range of 30-33%- the stock lost 2% on Tuesday and Wednesday. Ebidta is earnings before interest depreciation and tax."/>
Power Grid: Strong guidance help investors overcome capitalization miss [Mint, New Delhi]
Cisco plans to lay off 7 percent of its staff. Cisco Systems is laying off 5,500 employees as the internet gear maker scrambles to adapt to a technology upheaval that has triggered similar cutbacks to other storied tech companies. The shake-up announced yesterday means about 7 percent of Cisco's roughly 74,000 workers will lose their jobs beginning this summer."/>
Boston Herald The Ticker column [Boston Herald]
State Bank of India announced the merger of its five associate banks with itself, investors who took a large helping of their shares seem to have celebrated too soon. The SBI stock itself has gained 39%, while shares of its listed associates have surged 26-43% ever since the merger was announced. On the face of it, the merger looks sound."/>
SBI-associates' merger: the case of united we fall [Mint, New Delhi]
Crisil Ratings to come up with a broker certification system."/>
Real estate portals looking at ratings brokers for more customer satisfaction [Mint, New Delhi]
Unitech Ltd to refund Rs.15 crore to a group of buyers who bought apartments in its Noida and Gurgaon projects that have been delayed. The company and buyers have agreed that Rs.15 crore is roughly the principal amount the buyers had paid. A bench headed by justice Dipak Misra asked the company to deposit Rs.5 crore in two weeks in an account with the Supreme Court registry, to begin with."/>
BRIEF: SC asks Unitech to refund Rs15 crore to buyers of apartments in Noida, Gurgaon [Mint, New Delhi]
State Bank of India is buying into their bond issuances. In the April-June quarter, SBI moved Rs.25, 000 crore worth of exposure to high-rated corporates from its loan book to its investment book. "A bond issuance is always a cheaper source of funding than a loan for a company."/>
SBI picks up bonds to retain high-rated corporate customers [Mint, New Delhi]
Amazon.com to move into one of its warehouses along Route 33 in Northampton County said Wednesday that construction is set to begin on a nearly 630,000- square-foot industrial facility in the same vicinity. Duke Realty Corp. of Indianapolis said construction of 33 Logistics Park 1611-- Duke's second of three planned for 33 Logistics Park-- is scheduled to begin next month and be completed in June. The warehouses either built or..."/>
Construction set for next Route 33 warehouse [The Morning Call (Allentown, Pa.)]
Target's shelves are better stocked than ever before. It has added thousands of new grocery items. And it has rolled out new offerings such as the jazzy in-house Cat& Jack kids clothing line."/>
First sales drop in two years sends Target execs scrambling for answers [Star Tribune (Minneapolis)]
Synovus Financial Corp. has inked a definitive agreement to acquire Atlanta-based specialty financial services company Entaire Global Companies, Inc., Synovus said on Friday. Under the terms of the agreement, Synovus will acquire Entaire for an up-front payment of USD 30 m in common stock and cash, with additional payments to Entaire's stockholders over the next three to five years based on Entaire's earnings."/>
Synovus to Acquire Life Insurance Premium Finance Lender Entaire Global
United Bankshares, Inc. has inked a definitive agreement to acquire Virginia, US-based Cardinal Financial Corp., the company said. This will mark United's tenth acquisition for United in the DC Metro region, one of the most attractive financial markets in the country. Cardinal, with USD 4.2 bn in assets, provides banking services through its subsidiary bank, Cardinal Bank, which has a network of 30 branches throughout Virginia,..."/>
United Bankshares to Acquire Virginia, US-based Cardinal Financial for USD 912m of Stock
Gramercy Property Trust has closed two separate transactions to acquire single tenant industrial properties in the Boston MSA and the Memphis MSA aggregating USD 67.8 m, the company said on Thursday. Gramercy said that the first transaction was a newly constructed 448,470 square foot distribution center leased to a multi-brand retailer located in Littleton, Massachusetts. The second transaction was a 677,160 square foot distribution..."/>
US REIT Gramercy Property Trust Closes Two Acquisitions for USD 67.8m
United Bankshares, Inc. has inked a definitive agreement to acquire Virginia, US-based Cardinal Financial Corp., the company said. This will mark United's tenth acquisition for United in the DC Metro region, one of the most attractive financial markets in the country. Cardinal, with USD 4.2 bn in assets, provides banking services through its subsidiary bank, Cardinal Bank, which has a network of 30 branches throughout Virginia,..."/>
United Bankshares to Acquire Virginia, US-based Cardinal Financial for USD 912m of Stock
Gramercy Property Trust has closed two separate transactions to acquire single tenant industrial properties in the Boston MSA and the Memphis MSA aggregating USD 67.8 m, the company said on Thursday. Gramercy said that the first transaction was a newly constructed 448,470 square foot distribution center leased to a multi-brand retailer located in Littleton, Massachusetts. The second transaction was a 677,160 square foot distribution..."/>
US REIT Gramercy Property Trust Closes Two Acquisitions for USD 67.8m

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