POST Online Media Lite Edition



 

Highlights: April 4 - April 11, 2015

Staff writer |
The summary of the last week's key headlines and the most interesting stories.

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Ventas to buy Ardent Health Services for $1.75 billion
Tuesday April 7, 2015 2:28AM
Ventas has signed a definitive agreement to acquire privately-owned Ardent Medical Services, with its affiliates Ardent Health Services, for $1.75 billion in cash....

FedEx to buy Dutch logistics group TNT Express for €bn
Tuesday April 7, 2015 3:47AM
FedEx Corporation and TNT Express N.V. reached conditional agreement on recommended all-cash public offer of €8 per ordinary TNT Express share....

Starbucks and ASU offer 4 years of college paid in full
Tuesday April 7, 2015 4:47AM
Starbucks Corporation and Arizona State University (ASU) announced that Starbucks College Achievement Plan will now offer 100% tuition coverage for every eligible U.S. Starbucks partner (employee)....

Informatica goes private in $5.3 billion buyout
Tuesday April 7, 2015 4:07PM
Business software maker Informatica said it would be bought for about $5.3 billion by private equity firms Permira Funds and Canada Pension Plan Investment Board (CPPIB)....

Royal Dutch Shell in talks to buy $46 billion BG Group
Tuesday April 7, 2015 4:47PM
Royal Dutch Shell is in talks to acquire BG Group, the company with the market capitalization of £31 billion ($46 billion)....

CareView Communications Q4 net revenues up 52%
Wednesday April 8, 2015 6:52AM
CareView Communications announced its financial results for the fourth quarter and year ended December 31, 2014. CareView ended 2014 on a positive note showing significant improvements in net revenue growth and reduction of EBITDA losses....

Shell buying BG Group for $70 billion
Wednesday April 8, 2015 7:29AM
Royal Dutch Shell agreed to buy BG Group for $70 billion. Shell will pay a mix of cash and shares that values each BG share at around 1,350 pence ($20), both companies said....

Singtel to give $810 million for Trustwave
Wednesday April 8, 2015 7:47AM
Singapore Telecommunications (Singtel) is buying U.S.-based cyber-security firm Trustwave for $810 million....

Manulife, DBS in $1.2 billion insurance deal
Wednesday April 8, 2015 9:50AM
Manulife Financial of Canada is paying $1.2 billion to Singapore's DBS Group Holdings for a 15-year partnership....

Mylan proposes to acquire Perrigo for $30 billion
Wednesday April 8, 2015 2:18PM
Mylan N.V. has made a proposal to acquire Perrigo Company plc in a cash-and-stock transaction. The transaction is worth $30 billion in cash and stock....

Cleaning products maker Zep to be sold for $692 million
Thursday April 9, 2015 4:52AM
Zep and New Mountain Capital have entered into a definitive merger agreement under which a fund managed by New Mountain Capital will acquire all outstanding shares of Zep common stock for $20.05 per share in cash....

ConocoPhillips plans to reduce operating costs by $1 billion
Thursday April 9, 2015 6:32AM
ConocoPhillips confiredm its priorities of a compelling dividend and cash flow neutrality in 2017 and beyond....

American Capital sold Mirion Technologies for $750 million
Thursday April 9, 2015 6:48AM
American Capital announced that Mirion Technologies was sold to Charterhouse Capital Partners for $750 million....

Huge oilfield near Gatwick airport confirmed
Thursday April 9, 2015 7:32AM
An oilfield near Gatwick airport could hold up to 100 billion barrels of oil, according to UK Oil and Gas Investments....

Apache to sell Australian operations for $2.1 billion
Thursday April 9, 2015 9:47AM
Apache Corporation will sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Capital Group and Brookfield Asset Management for $2.1 billion in cash....

Walgreens Boots Alliance Q2 net earnings up 185.2 percent
Thursday April 9, 2015 2:42PM
Walgreens Boots Alliance (WBA) announced financial results for the second quarter and first six months of fiscal year 2015 ending February 28, 2015....

Paragon Commercial Q1 earnings 49% better
Friday April 10, 2015 2:28AM
Paragon Commercial Corporation reported that earnings for the first quarter of 2015 increased approximately 49 percent to $2.3 million, compared to $1.6 million for the same period in 2014....

PG&E to pay $1.6 billion after California blast
Friday April 10, 2015 4:24AM
The California Public Utilities Commission ordered Pacific Gas & Electric (PG&E) to pay a record $1.6 billion penalty for unsafe operation of its gas transmission system, including the pipeline rupture that killed eight people in San Bruno in September 2010....

Weatherford cuts 5,000 jobs, 3,000 more in danger
Friday April 10, 2015 4:42AM
Weatherford said it will eliminate 5,000 jobs by the end of March and it intend to save about $70,000 annually....

Eisai to send 25 percent of US workers home
Friday April 10, 2015 5:52AM
Eisai Inc., a U.S. subsidiary of Eisai Co., Ltd., announced plans to realign its operations in the United States....

Constellation Brands net sales 24% better
Friday April 10, 2015 7:27AM
Constellation Brands reported its fiscal 2015 results. The 24 percent increase in consolidated net sales for the year was driven primarily by $941 million of incremental net sales due to the timing of the beer business acquisition....

GE to sell bulk of GE Capital real-estate assets for $26.5 billion
Friday April 10, 2015 1:42PM
GE will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets....

Excel Trust to be acquired by Blackstone for $2 billion
Friday April 10, 2015 2:54PM
Blackstone will acquire all outstanding shares of common stock of Excel Trust for $15.85 per share in an all-cash transaction valued at approximately $2 billion....

Panama orders Boeing airplanes for $6.6 billion
Friday April 10, 2015 3:10PM
Panama President Juan Carlos Varela Rodriguez and U.S. President Barack Obama witnessed a historic agreement in which Copa Airlines and Boeing announced an order for 61 737 MAX 8 and MAX 9 airplanes....

China spends $150 billion on environment protection
Saturday April 11, 2015 8:55AM
More than 920 billion yuan ($150 billion) has been channeled to support the renovation of land, air pollution control and clean water projects since last year, China's top planner said....


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