Industry News

Lithia Motors reported second-quarter revenue and bottom-line gains Thursday while indicating it's on the hunt for new franchises and dealerships. The Medford auto retailer's revenue increased $136.4 million, or 7 percent, to $2.1 billion from $2 billion for the second quarter in 2015. Net income grew to $51.4 million, or $2.01 per share, from $51.2 million, or $1.93 per share, a year ago."/>
Lithia revenue hits $2.1 billion in second quarter [Mail Tribune, Medford, Ore.]
LogMeIn, Inc. and software company Citrix Systems, Inc. have entered into a definitive merger agreement for LogMeIn to combine with Citrix's GoTo business in a Reverse Morris Trust transaction, the companies said. The transaction is valued at approximately USD 1.8 bn based on shares to be issued and LogMeIn's closing price of USD65.31 as of July 25, 2016.. This transaction, which has been unanimously approved by the..."/>
LogMeIn to Merge with Software Firm Citrix’s GoTo Family of Products in USD 1.8bn Stock Deal
Epiq Systems, Inc. has entered into a definitive agreement to be acquired by the private equity arm of the Canadian pension plan OMERS and funds managed by US private equity fund Harvest Partners, LP for USD 16.50 per share in cash, the company said. This transaction, which represents a 42% premium to Epiq's unaffected closing share price of USD 11.63 as of February 19, 2016, the last trading day before a media report..."/>
Epiq Systems Agrees to USD 1bn OMERS Private Equity, Harvest Partners Buyout
CoreLogic reported Thursday. That is down from a high of 12.23 percent in June 2011, and lower than the 2.25 percent recorded one year earlier."/>
Foreclosures rate at 1.42 percent in Sarasota-Manatee area [Sarasota Herald-Tribune, Fla.]
MIDDLEFIELD BANC AND LIBERTY BANK TO MERGE IN USD 40.8 M DEAL Ohio-based bank holding company Middlefield Banc Corp. has entered into an agreement and plan of reorganisation with Ohio-based Liberty Bank, N.A., the company said. Middlefield is the holding company for The Middlefield Banking Co. Under the terms of the agreement, Liberty shareholders will have the option to receive either..."/>
M and A Navigator: Deal pipeline –29 July
Alphabet on Thursday beat Wall Street expectations on several fronts, chalking up $21.5 billion in second-quarter revenue, a 21 percent increase over the same period last year. Analysts had predicted revenue of $20.8 billion for the second quarter of 2016.. "All the trajectories look good," said Forrester Research analyst Frank Gillett."/>
Google parent Alphabet on hiring spree with surging profits [East Bay Times]
East Bay Times Troy Wolverton column [East Bay Times]
East Bay Times Michelle Quinn column [East Bay Times]
Accenture has acquired Spain-based open source technology company Tecnilgica, the company said. Terms of the acquisition were not disclosed. The acquisition brings digital signage capabilities to the Accenture Digital team in Spain."/>
Accenture Acquires Digital Products Provider Tecnilógica
Don't delete your Flash player just yet [Mercury News]
Alphabet on Thursday beat Wall Street expectations on several fronts, chalking up $21.5 billion in second-quarter revenue, a 21 percent increase over the same period last year. Analysts had predicted revenue of $20.8 billion for the second quarter of 2016.. "All the trajectories look good," said Forrester Research analyst Frank Gillett."/>
Google parent Alphabet on hiring spree with surging profits [Mercury News]
SMART Technologies Inc., a leading provider of education and business collaboration solutions, announces that, further to its press release dated July 26, 2016, the Court of Queen's Bench of Alberta has granted a final order approving the proposed arrangement involving Foxconn Technology Group and the Shareholders pursuant to a plan of arrangement under the Business Corporations Act. Under the terms of the Arrangement, Shareholders will receive..."/>
SMART Announces Court Approves Plan of Arrangement
SMART Technologies Inc., a leading provider of education and business collaboration solutions, announces that, further to its press release dated July 26, 2016, the Court of Queen's Bench of Alberta has granted a final order approving the proposed arrangement involving Foxconn Technology Group and the Shareholders pursuant to a plan of arrangement under the Business Corporations Act. Under the terms of the Arrangement, Shareholders will..."/>
SMART Announces Court Approves Plan of Arrangement
Alpha and Omega Semiconductor Limited, a designer, developer and global supplier of a broad range of power semiconductors, today announced the release of the AOZ5166QI-01, the high efficiency power modules which are fully compliant with Intel’ s DrMOS specifications. The AOZ5166QI-01 is housed in a 40- pin 6 mm x 6 mm QFN package that integrates an optimized dual gate driver and two MOSFETs, which together produce a high efficiency DC-DC synchronous..."/>
Alpha and Omega Semiconductor Introduces a High Efficiency DrMOS Power Modules with Optimized Performance
M and A Navigator: Deal pipeline –28 July
BRIEF: DAILY OIL PRICE: July 28 [Odessa American, Texas]
Oracle. The Oracle certification means that firms using Oracle's PeopleSoft systems will now be able to include Time Clock Plus time management products in their suite of services. "PeopleSoft doesn't provide a time collection device, so those companies using it have to find a..."/>
TimeClock Plus announces Oracle certification [San Angelo Standard-Times, Texas]

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