Industry News

Punjab National Bank, on Tuesday filed its draft proposal with the market regulator for a Rs.2, 500 crore initial public offering. The company has hired Kotak Mahindra Capital Co. Ltd, DSP Merrill Lynch Ltd, JM Financial Institutional Securities Ltd, JP Morgan India Pvt. Ltd and Morgan Stanley India Co. Pvt."/>
PNB Housing Finance files draft papers for Rs2,500 crore IPO [Mint, New Delhi]
McDonald's has decided it takes a global holding company to sell a Big Mac. After nearly two years of splitting its advertising between Leo Burnett and DDB Chicago, the hamburger giant has enlisted Publicis and Omnicom, the respective parent companies of the Chicago agencies, to compete for the entire portfolio of business. Last week, Paris-based Publicis and New York-based Omnicom did just that, with multiple agencies under each corporate umbrella pitching..."/>
McDonald's close to choosing between 2 advertising powerhouses [Chicago Tribune]
Ventas Inc. said Tuesday will acquire the real estate assets of Wexford Science& Technology, whose properties include the@ 4240 building at Cortex in St. The $1.5 billion cash deal is for substantially all of Wexford's real estate assets from affiliates of Blackstone Real Estate Partners VIII LP, Ventas said. The portfolio of 23 properties totals 4.1 million square feet of space that are 97 percent leased, according to Chicago-based Ventas."/>
BRIEF: Ventas to acquire Wexford's real estate [St. Louis Post-Dispatch]
Azrieli Group Ltd. is nearing the completion of a NIS 2.2 billion bond issue, one of the largest ever carried out on the local corporate bond market. The company today reported that it had ensured NIS 2 billion in the institutional stage of the offering at a low 1.3% interest rate. Azrieli initially planned to raise NIS 900 million, but increased the amount when the offering attracted demand on a much larger scale."/>
Azrieli set for NIS 2b bond issue [Globes, Tel Aviv, Israel]
Harel Insurance Investments and Financial Services Ltd., whose investments are managed by deputy CEO Amir Hessel, and Israel Infrastructure Fund, managed by founder and managing partner Yaron Kestenbaum and partly owned by Harel, have signed an agreement to acquire 3% of the rights in the Tamar natural gas reservoir from US company Noble Energy. The deal signed by the parties reflects a $12.3 billion value for Tamar."/>
Noble Energy sells 3% Tamar stake [Globes, Tel Aviv, Israel]
Gores Group, an asset management firm that owns businesses in several industries. Gores Holdings Inc. has three publicly traded listings on the..."/>
Hostess Twinkies owner enters sales deal with Los Angeles firm [Columbus Ledger-Enquirer, Ga.]
Gores Holdings, Inc. that will introduce Hostess as a publicly listed company, with an anticipated initial enterprise value of approximately USD 2.3 bn, the company said. This valuation represents 10.4 times the company's estimated 2016 Adjusted EBITDA of approximately USD 220 m. Along with the USD 375 m of cash held in Gores Holdings' trust account,..."/>
Gores Holdings to Take Over Twinkie-Maker Hostess Brands in USD 2.3bn Deal
Diaita opens downtown location [The Repository, Canton, Ohio]
Ventas, Inc. today announced the pricing of an underwritten public offering of 9,000,000 shares of its common stock for total estimated gross proceeds of approximately $649 million. The underwriter has a 30- day option to purchase up to an additional 1,350,000 shares from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on July 11, 2016."/>
Ventas Announces Pricing of Common Stock Offering
Douglas Emmett, Inc., a real estate investment trust, announced today that it plans to release its 2016 second quarter earnings results after market close on Tuesday, August 2, 2016. A live conference call is scheduled for the following day, Wednesday, August 3, 2016, at 11:00 a.m. Pacific Time/ 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call along with Mona Gisler, Chief Financial Officer,..."/>
Douglas Emmett Announces Dates for Its 2016 Second Quarter Earnings Results and Live Conference Call
Central Bancshares, corporate parent of CBI Bank& Trust in Muscatine, has completed its purchase of Brimfield Bank in Brimfield, Ill., as it awaits regulatory approval of another acquisition. CBI Bank& Trust, formerly known as Central State Bank, operates branches in Coralville, Kalona, Washington and Wilton. The privately held bank holding company has assets of $787 million."/>
Central Bancshares completes Illinois purchase [The Gazette, Cedar Rapids, Iowa]
Wintrust Financial Corporation today announced it will release its second quarter and year-to-date 2016 earnings after the market closes on Tuesday, July 19, 2016 and host a conference call on Wednesday, July 20, 2016 at 1:00 p.m.. Individuals interested in listening should call 877-363-5049 and enter Conference ID #45959439. A simultaneous audio-only web cast may be accessed via the Company’ s web site at, Investor Relations, Investor News and..."/>
Wintrust Financial Corporation Announces Second Quarter and Year-to-Date 2016 Earnings Release Schedule
MVB Financial Corp. has sold the assets of its wholly owned MVB Insurance, LLC brokerage service subsidiary to US-based local and national insurance brokerage USI Insurance Services LLC, the company said. MVB Insurance will retain the assets related to, and continue to operate, its title insurance business. USI provides property and casualty, employee benefits, personal risk and retirement solutions throughout the..."/>
MVB Financial Sells Brokerage Unit to USI Insurance Services
Fibra Inn Announces Ps. 62.1 Million VAT Reimbursement
Forestar Group Inc. will release its results for second quarter 2016 on July 29, before the market opens. The company will host a conference call on Friday, July 29, 2016 at 10:00 a.m. ET to discuss results of second quarter 2016.. To access the conference call, listeners calling from North America should dial 1-844-634-1445 at least 15 minutes prior to the start of the call."/>
Forestar Group to Release Second Quarter 2016 Results on July 29, 2016

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