Companies : Page 2672

Ocwen Financial Intends to sell $25 billion portfolio to Nationstar

March 25, 2015 Ocwen Financial Corporation announced that its subsidiary Ocwen Loan Servicing and Nationstar Mortgage, a wholly-owned subsidiary of Nationstar Mortgage Holdings, have agreed in principle to the sale by Ocwen of residential mortgage servicing rights.

Newell Rubbermaid to sell Endicia for $215 million

March 25, 2015 Newell Rubbermaid has entered into a definitive agreement to sell Endicia, a developer of global online shipping solutions, to Stamps.com, a provider of online postage solutions based in El Segundo, Ca.

Heinz and Kraft Foods to join in Kraft Heinz Company

March 25, 2015 H.J. Heinz Company and Kraft Foods Group, Inc. have entered into a definitive merger agreement to create The Kraft Heinz Company, forming the third largest food and beverage company in North America.

J.H. Whitney acquires PSA Healthcare

March 25, 2015 J.H. Whitney Capital Partners has acquired Pediatric Services Holding Corporation, the parent company of Pediatric Services of America, Inc., known as PSA Healthcare.

Airbus sells additional 15 percent stake in Dassault Aviation

March 25, 2015 Airbus Group is selling a further 15 percent stake in business and fighter jet maker Dassault Aviation.

Land Securities sells Times Square, London, to Blackstone for £268.4 million

March 25, 2015 Land Securities has exchanged contracts to sell its 95% stake in Times Square, London, EC4, to real estate funds managed by Blackstone for £268.4 million.

InVivo Therapeutics to reverse split stock 1-for-4

March 25, 2015 InVivo Therapeutics Holdings board has approved a 1-for-4 reverse stock split of its issued and outstanding common stock in preparation for its planned uplisting to the NASDAQ Capital Market.

Ross Stores announces two-for-one stock split

March 25, 2015 Ross Stores board has approved a two-for-one stock split to be paid in the form of a 100% stock dividend on June 11, 2015 to stockholders of record as of April 22, 2015.

EnLink Midstream Partners to buy Victoria Express Pipeline for $220 million

March 25, 2015 EnLink Midstream Partners, LP has entered into an agreement to acquire the Victoria Express Pipeline and related truck terminal and storage assets from Devon Energy Corporation.

J. M. Smucker completes $6 billion acquisition of Big Heart Pet Brands

March 25, 2015 The J. M. Smucker Company has completed the acquisition of Big Heart Pet Brands in a cash and stock transaction valued at approximately $6 billion.

The day of food recalls: Carmel Food, Blue Bell, Wegmans Food, and Giant Eagle

March 24, 2015 Hayward, Ca. Carmel Food Group issued a recall of certain Rising Moon Organics frozen Ravioli items, because of possible presence of Listeria monocytogenes.

Lexmark to buy Kofax in $1 billion deal

March 24, 2015 Under the terms of the merger agreement, Lexmark International will acquire all of the outstanding shares of Kofax Limited for $11 per share in cash for a total enterprise value of approximately $1 billion, net of cash acquired.