Industry News

Crypto-currencies: they are such a blur [Mint, New Delhi]
Motilal Oswal Financial Services, started investing in equity almost three decades ago, and has not only seen the domestic equity space move from open outcry cash dealings to sophisticated, regulated digital trades on exchanges but has also been through many market and economic cycles. In all these years, Agrawal says, the most important learning has been that nothing can beat quality and patience. Agrawal spoke to Mint about how markets are..."/>
If large companies don't move, how will the index move ahead' [Mint, New Delhi]
Teva Pharmaceutical Industries Ltd. in the New York court regarding the acquisition of the Mexican firm Rimsa will probably not be the only legal action Teva will have to conduct regarding this acquisition. Yesterday, the Central District Court received a request to file a derivative suit against Teva, company directors and executives, including CEO Erez Vigodman and CFO Eyal Desheh, and against Citigroup, which provided Teva with consultation..."/>
Shareholders sue Teva over Rimsa acquisition [Globes, Tel Aviv, Israel]
IIFL Holdings Ltd.. The anti-trust regulator posted the approval on microblogging site Twitter on Monday evening."/>
BRIEF: CCI clears UK fund group CDC's investment in India Infoline Finance [Mint, New Delhi]
ShopClues plans quiet Diwali in profits push [Mint, New Delhi]
EPaisa starts accepting payments through UPI [Mint, New Delhi]
Satin Creditcare Network Ltd, a Delhi-based microlender, said that it was launching a qualified institutional placement on Monday to raise at least Rs.150 crore. A QIP is a sale of securities to institutional investors by a listed company. SCNL intends to raise Rs.150 crore with the so-called greenshoe option of raising Rs.100 crore more if it receives surplus demand."/>
Satin Creditcare opens Rs250 crore QIP issue [Mint, New Delhi]
PennyMac Mortgage Investment Trust declared a cash dividend of $0.47 per common share of beneficial interest for the third quarter of 2016. This dividend will be paid on October 27, 2016 to common shareholders of record as of October 7, 2016.. About PennyMac Mortgage Investment Trust."/>
PennyMac Mortgage Investment Trust Declares Third Quarter 2016 Dividend
CBOE Holdings Inc.. The deal comes less than four years after Chicago-based CME Group agreed to buy the 156- year-old Kansas City Board of Trade."/>
Lenexa-based Bats Global Markets agrees to $3.2 billion buyout [The Kansas City Star]
UNIFIRST CLOSES USD 122 M ACQUISITION OF ARROW UNIFORM. US-based work uniforms and facility services provider UniFirst Corp. has completed its acquisition of US-based Arrow Uniform for approximately USD 122 m, the company said."/>
M and A Navigator: Deal pipeline –26 September
S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks. Established in 1999 and often described as "the Oscars of the energy industry," the Platts Global Energy Awards..."/>
Finalists from 25 Countries Compete for 2016 Platts Global Energy Awards
BMO Introduces New Logo to Mark Bank's Bicentennial
Genworth MI Canada Inc. announced that on September 23, 2016, the Office of the Superintendent of Financial Institutions released a draft advisory for comment titled " Capital Requirements for Federally Regulated Mortgage Insurers". This draft advisory provides a new standard framework for determining the capital requirements for residential mortgage insurance companies. The proposed framework is more risk sensitive and incorporates..."/>
Genworth MI Canada Inc. Provides Primer on OSFI's Draft Advisory For The New Capital Framework For Mortgage Insurers
Southern Banc Company, Inc., the holding company for The Southern Bank Company, announced preliminary unaudited results of operations for the fourth quarter and year ended June 30, 2016:. For the three months ended June 30, 2016, the Company reported net loss of approximately $1,242,000, or$ per basic and diluted share as compared to a net loss of approximately $57,000, or$ per basic and diluted..."/>
The Southern Banc Company, Inc. Announces Preliminary Fourth Quarter Earnings
Altisource Residential Corporation announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock. Residential will pay this quarterly dividend on October 14, 2016 to all stockholders of record as of the close of business on October 6, 2016.. Residential is focused on providing quality, affordable rental homes to families throughout the United States."/>
Altisource Residential Corporation Announces Quarterly Cash Dividend
Freddie Mac Prices $739 Million STACR Offering
Advanced Disposal Services, a waste-collection company based in suburban Jacksonville, announced the launch of its initial public offering Monday. The company is offering 19,250,000 shares of common stock and has begun meeting with investors. Once the sales close, public grading would begin."/>
Advanced Disposal Services launches IPO, plans to raise $400 million [The Florida Times-Union, Jacksonville]
American Overseas Group Limited today reported consolidated net loss available to common shareholders of $12.1 million, or $273.96 per diluted share, for the six months ended June 30, 2016. This compares to consolidated net income available to common shareholders of $7.0 million, or $165.62 per diluted share, for the six months ended June 30, 2015.. The results for the six months ended June 30, 2016 were impacted by unrealized losses on credit..."/>
Results of Operations for the Six Months Ended June 30, 2016 - American Overseas Group Limited Announces Net Loss Of $12.1 Million and Operating Loss of $5.5 Million For The Six Months Ended June 30, 2016
Newcastle Investment Corp. today announced a new executive leadership team designed to help execute Newcastle’ s strategic priorities in its traditional golf business and Drive Shack, an innovative global golf entertainment company. The Company also announced that, on September 23, 2016, Newcastle received $110 million in repayment of a legacy real estate loan as a result of the closing of the sale of Abercrombie& Kent, the world’ s foremost luxury travel company,..."/>
Newcastle Announces New Executive Leadership Team to Accelerate Growth of Golf Business – Growth Will Be Fueled by Receipt of Approximately $110 Million Legacy Real Estate Debt Repayment
New Mountain Finance Corporation announced today that it intends to commence an underwritten offering, subject to market and other conditions, of $35 million in aggregate principal amount of additional 5.00% unsecured convertible notes due 2019. In addition, the Company expects to grant the underwriters of the Notes an option to purchase up to an additional $5.25 million in aggregate principal amount of the Notes. The Notes constitute a further issuance of, rank..."/>
New Mountain Finance Corporation Announces Offering of Additional 5.00% Convertible Notes due 2019
Assurant, Inc., global provider of risk management solutions, is teaming up with website security company GamaSec to significantly lower the risk of attacks on small and medium business websites. Assurant is providing support for the limited warranty issued by GamaSec with its new GamaCyber website security offering."/>
Assurant Partners with GamaSec to Protect Website Owners from Cyberattack

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