Industry News

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]
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]
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]
Mint, New Delhi, Monika Halan column [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.]
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..."/>
M and A Navigator: Deal pipeline –29 June
Delavaco Residential Properties Corp. is pleased announce that 96.2% or approximately $11.8 million of the $12.3 million of outstanding 7.5% Senior Secured Notes due June 30, 2016 have tendered to the maturity date extension from June 30, 2016 to December 31, 2017."/>
Delavaco Residential Properties Corp. has over 96% support in favour of the Senior Secured Note Maturity Date Extension
Healthcare Realty Trust Incorporated announced the pricing of its underwritten public offering of 8,000,000 newly issued shares of common stock. The gross proceeds of the offering, before deducting estimated offering expenses and underwriting discounts and before giving effect to the underwriters' option, if exercised, will be $268 million. As part of the offering, the Company has granted the underwriters a 30- day option to purchase up to an..."/>
Healthcare Realty Trust Prices Offering of 8,000,000 Shares of Common Stock
First Midwest Bancorp, Inc., the parent company of First Midwest Bank, today announced that it has entered into a definitive agreement to acquire Standard Bancshares, Inc., the holding company for Standard Bank and Trust Company, headquartered in Hickory Hills, Illinois. Founded in 1947, Standard operates 35 banking offices in the southwest Chicago suburbs and adjacent markets in northwest Indiana. Standard has total assets of approximately $2.5 billion..."/>
First Midwest Bancorp, Inc. to Acquire Standard Bancshares, Inc.
Alaris Royalty Corp. is pleased to announce that it will release earnings results for the three and six months ended June 30, 2016 following the closing of regular trading on the Toronto Stock Exchange Tuesday, July 26, 2016. Alaris management will host a conference call at 9 am MST, Wednesday, July 27, 2016 to discuss the financial..."/>
Alaris Royalty Corp. Announces Q2 2016 Earnings Release Date
American Campus Communities, the largest owner, manager and developer of high-quality student housing communities in the U.S., was recognized Tuesday, June 28 with the Innovation Project Award honoring its“ Transformational Mixed-Use Developments at Drexel University” at the National Council for Public-Private Partnerships’ P3Connect 2016 event in Chicago. The ACC-Drexel University partnership, including Chestnut Square, University Crossings, and The..."/>
American Campus Communities-Drexel University Partnership Earns National Award
Banner Bank executive leadership team is pleased to announce Kayleen Kohler has joined the bank as Executive Vice President of Human Resources, and a member the Executive Management Committee. Kohler plays a key role in driving the company’ s organizational design priorities, including leadership development, talent acquisition, workforce planning, employee relations, compensation, benefits, diversity initiatives, payroll and safety."/>
Banner Bank Hires Kayleen Kohler as Executive Vice President of Human Resources
Jimmy Choo? Instead you bring in more heavy hitters to complement the designer shoe maven. Like eyewear retailer Oliver Peoples, Italian apparel retailer Bottega Veneta, upscale fashion brand Rag& Bone and luxury Italian furniture retailer Calligaris."/>
KOP mall expansion debuts in mid-August with these luxury retailers [The Philadelphia Inquirer]
Polonia Bancorp, Inc.? Did you purchase any of your shares prior to June 2, 2016?"/>
POLONIA BANCORP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
Barclays ETN+ Select MLP ETNs. NEW YORK---- Barclays Bank PLC announced today that following the close of business on Friday, July 8, 2016, there will be no changes to the constituents in the Atlantic Trust Select MLP Index. The Barclays ETN+ Select MLP ETNs are linked to the performance of the Volume-Weighted Average Price of the Index."/>
Barclays announces no changes to the Atlantic Trust Select MLP Index
Gendis Inc. held on June 3, 2016. The Company had 12,800,486 Common Shares, each carrying the right to one vote. The report of voting results is:. 1. Approval of the Report of the Directors, Financial Statements and the Report of the Auditors for the fiscal year ended January 31, 2016:."/>
Gendis Inc. Announces Voting Results at the Annual General Meeting
BlackRock is removing its iShares ETFs from the Bats Competitive Liquidity Program and the NYSE Arca ETP Incentive Program. Both pilot programs are aimed at improving market quality and liquidity in less actively traded products. The decision to withdraw iShares ETFs follows assessments conducted by each of Bats, NYSE and iShares."/>
BlackRock Removes iShares ETFs from Bats and NYSE Arca Pilot Liquidity Incentive Programs

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