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Chambers Street Properties (CSG) and Gramercy Property Trust Inc. (GPT) announced that they have entered into a definitive agreement to merge, creating the largest industrial and office net lease real estate investment trust or REIT, with an expected enterprise value of approximately $5.7 billion. The...

Carey Watermark Investors Incorporated announced it has acquired a majority interest in The Ritz-Carlton, Fort Lauderdale property in a joint venture with RCFL Holdco, LLC, an affiliate of Gencom. Located on Fort Lauderdale Beach, the hotel is within proximity to leisure demand generators, including...

Allegheny Technologies Inc. (ATI) announced that the company and the United Steelworkers or USW are continuing to operate under the terms and conditions of the collective bargaining agreements that expired at 11:59 PM on June 30, 2015. ATI remains hopeful that progress can be made toward new agreements,...

Fiat Chrysler Automobiles N.V. (FCAU) said that it plans to invest about $280 million in its manufacturing joint venture, Fiat India Automobiles Private Limited, with Tata Motors Limited. The investment in the manufacturing facility in Ranjangaon, India, will support the production of a new Jeep vehicle...

RedHill Biopharma Ltd. (RDHL) said it has received two notices of allowance from the United States Patent and Trademark Office or USPTO regarding its patent application numbers 13/722,395 and 14/271,758 covering RHB-104. RHB-104 is a proprietary and potentially groundbreaking antibiotic combination...

General Mills (GIS) reported fourth-quarter net income to company of $186.8 million or $0.30 per share, compared to $404.6 million or $0.65 per share, prior year. The company noted that it recorded an intangible asset impairment charge of $260 million, a $79 million charge related to the repatriation...

ACE Limited (ACE) and The Chubb Corporation (CB) announced that both companies have unanimously approved a definitive agreement under which ACE will acquire Chubb. Under the terms of the transaction, Chubb shareholders will receive $62.93 per share in cash and 0.6019 shares of ACE stock. Based on...

McCormick & Company, Incorporated (MKC), a global leader in flavor, reported second-quarter net income of $84.3 million or $0.65 per share, compared to $84.5 million or $0.64 per share, prior year. The company noted that its earnings per share in the second quarter of 2015 included an unfavorable impact...

Nanoco Group Plc's (NANO.L) shares gained around 3 percent in London trading after the maker of semiconductor materials used in LCD displays confirmed Wednesday that commissioning of the Cheonan, Korea, quantum dot facility being built by The Dow Chemical Co. (DOW) is under way and customer sampling...

Chemicals giant EI DuPont De Nemours & Co (DD) or DuPont Wednesday said it has completed the separation of its Performance Chemicals segment through the spin-off of The Chemours Company. Chemours begins "regular way" trading today on the New York Stock Exchange under the symbol "CC". Today DuPont...

China Information Technology Inc. (CNIT) announced its board has formed a special committee to consider the non-binding "going private" proposal that the Board received from the company's Chairman and CEO, Jianghuai Lin and three other individuals. Under the proposed deal, the buyer Group intends to...

South Korean automaker Hyundai Motor Co. (HYMLF.OB, HYMTF.OB) Tuesday reported that vehicle sales for the month of June declined 1.2 percent to 408,026 units from last year's 412,835 units. Domestic sales grew 4.8 percent year-over-year to 62,802 units, while overseas sales decreased 2.2 percent to...

Spanish lender Banco Santander SA (BNC.L, BSBR, SAN) and Monitise plc (MONI.L) announced a joint venture agreement to launch a fintech venture builder later this year. The 50:50 joint venture will be aimed at investing in, building and scaling fintech businesses with the potential to redefine and...

Alecto Minerals Plc. (ALO.L) said Mark Wellesley-Wood, Non-Executive Chairman, has resigned with immediate effect. He is leaving the Board to focus on new work commitments following his recent reappointment to the board of Mwana Africa Plc. Following this change, the Board will consist of three...

U.S. fertilizer group CF Industries Holdings, Inc. (CF) agreed Wednesday to acquire the remaining 50 percent equity interest in GrowHow UK Ltd. From Norwegian peer Yara International ASA (YARIY) for total cash consideration of $580 million. CF Industries has now agreed to buy out Yara's interest in...

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