Industry News

TERADATA DIVISION WITH EMAIL MARKETING SOFTWARE FIRM BLUEHORNET US-based private equity firmMarlin Equity Partners has merged its existing portfolio company, US-based SaaS email marketing software and services provider BlueHornet, with the marketing execution business of the Marketing Applications division itrecently acquiredfrom Teradata Corp., the..."/>
M and A Navigator: Deal pipeline –25 July
Liberty Property Trust is under agreement to sell much of its holdings in the Great Valley Corporate Center, the pioneering Chester County business park that transformed Malvern and made the developer into a major regional office landlord. The company is selling 26 Great Valley properties, accounting for over a million square feet of office and light-industrial space, to Horsham-based Workspace Property Trust, Liberty announced Monday. The properties are part of a..."/>
Liberty Property Trust to sell most Great Valley Corporate Center holdings in milestone for company [The Philadelphia Inquirer]
ITC Ltd, Larsen and Toubro Ltd and Axis Bank Ltd in the first phase of divesting minority stakes it owns in 51 companies. The government, which detailed the sale strategy on Monday, also eased a conflict-of-interest clause for investment bankers to attract more bankers to the proposed sale. SUUTI, an offshoot of the erstwhile state-run investment firm Unit Trust of India, has shares in 43..."/>
SUUTI to pare Axis Bank, ITC, L&T stakes in first phase [Mint, New Delhi]
Bank of Baroda, Rs.3 crore on Punjab National Bank and Rs.2 crore on HDFC Bank. The penalties were levied for "weaknesses and failures in internal control mechanisms in respect of certain AML provisions such as monitoring of transactions, timely reporting to FIU, and assigning of UCIC..."/>
RBI penalizes three banks in forex scam [Mint, New Delhi]
Vedanta Ltd to Cairn India Ltd shareholders is still a negative for them, believe analysts, but enough to help the merger sail through. "We do see some risk that the proposed merger may increase the uncertainty over the long-term growth outlook for Cairn India's exploration and production business, which would then have to compete with the other businesses of Vedanta for capital," said Goldman Sachs in its report dated 25 July."/>
Cairn's loss is Vedanta's gain in sweetened merger deal [Mint, New Delhi]
Triangle Capital plans to raise additional cash to invest in mid-sized businesses by selling 6.25 million shares of common stock in a secondary offering. The Raleigh company, which announced the offering after the markets closed on Monday, hasn't yet priced the shares. Earlier Monday, its shares closed at $20.52, down 3 cents."/>
BRIEF: Raleigh's Triangle Capital plans to sell 6 million shares [The News & Observer (Raleigh, N.C.)]
First Republic Bank sued Hambrecht Wine Group, owned by investor Bill Hambrecht, for failing to pay the required payments on a $7.8 million loan for the property,..."/>
Napa-based Huneeus Vintners to buy VML Winery in Healdsburg [The Press Democrat, Santa Rosa, Calif.]
Aetna Inc. is pushing back against the Obama administration's opposition to its proposed $37 billion purchase of Humana Inc.. CEO Mark Bertolini took to Aetna's website to address the U.S. Justice Department's criticism of the deal and a $54 billion proposal by Anthem Inc. to buy Cigna Corp. U.S. officials characterized the transactions as threats to competition, consumer choice and health care quality."/>
Aetna CEO Pushes Back Against Feds' Opposition To Humana Deal [The Hartford Courant]
Sierra Bancorp, the Porterville-based holding company of Bank of the Sierra, reported its earnings were down 10 percent in the second quarter of 2016 from the same time frame last year. It reported $4.1 million in earnings, or 31 cents per share, for 2016' s second quarter, down from $4.6 million, or 34 cents per share, in the same quarter of 2015.. The company said income was $8.1 million, or 61 cents per share, for the first half of 2016, which is down 2 percent from the first six months..."/>
Bank of the Sierra parent reports 10% earnings drop in 2Q [The Fresno Bee]
Apple delivers its next business update Tuesday, there's a sense that just hanging in there might be enough to call the last three months a success. That's saying something, especially when talking about the world's most valuable company in terms of market capitalization-- and which reported $50.6 billion in sales during the first three months of the year. "Expectations are low for iPhone and the overall business," Piper Jaffray analyst Gene Munster said in a..."/>
Apple's best hope may be to hold steady as iPhone sales weaken [East Bay Times]
McDonald's rebound to slow? Analysts are predicting that the world's largest burger chain, which has enjoyed earnings growth and larger-than-expected sales in recent quarters, will report Tuesday morning that growth slowed in the second quarter. That's due to a mix of factors both within and outside of the Golden Arches."/>
After record run, analysts expect McDonald's to report slower sales [Chicago Tribune]
EverBank Financial Corp. may be working on a deal to sell the company, according to a Bloomberg financial news report Monday. Company officials declined to even discuss the possibility of a sale. Bloomberg reported Monday morning that the largest bank in the state of Florida is angling to sell the company."/>
Report: Jacksonville-based EverBank may be up for sale; company officials mum [The Florida Times-Union, Jacksonville]
Apple delivers its next business update Tuesday, there's a sense that just hanging in there might be enough to call the last three months a success. That's saying something, especially when talking about the world's most valuable company in terms of market capitalization-- and which reported $50.6 billion in sales during the first three months of the year. "Expectations are low for iPhone and the overall business," Piper Jaffray analyst Gene Munster said in a..."/>
Apple's best hope may be to hold steady as iPhone sales weaken [Mercury News]
Farmers Capital Bank Corporation announced today that its Board of Directors approved a quarterly cash dividend on the Company’ s common stock of $0.07 per share. The quarterly $0.07 per share dividend represents an annualized yield of 0.95% based on the closing price of $29.57 on July 22, 2016. The dividend is payable on October 1, 2016 to shareholders of record at the close of business on September 1, 2016."/>
Farmers Capital Bank Corporation Announces Common Dividend
Omega Healthcare Investors, Inc. today announced that it is scheduled to release its earnings results for the quarter ended June 30, 2016, on Tuesday, August 2, 2016, after market close. In conjunction with its release, Omega will be conducting a conference call on Wednesday, August 3, 2016 at 10 a.m. Eastern Time to review its 2016 second quarter results and current developments."/>
Omega Announces Release Date of Second Quarter Earnings and Conference Call
First National Bank Alaska’ s net income for second quarter was $10.1 million or $31.93 per share. This compares to $9.1 million or $28.41 per share for the same quarter in 2015. Net interest and loan fee income, after provision for loan losses, increased 6.4% on volume growth and yield improvements in earning assets."/>
First National Bank Alaska Releases Unaudited Results for 2nd Quarter 2016

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