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Lumos Networks Corp. (LMOS) announced it has entered into a definitive agreement to be acquired by the EQT Infrastructure investment strategy for $18.00 per share, resulting in an enterprise value of approximately $950 million. Lumos said the agreement was approved by all members of the board voting...

Forum Energy Technologies, Inc. (FET) announced Monday that its Board of Directors appointed Prady Iyyanki as President and Chief Executive Officer, effective May 16. Iyyanki currently serves as President and Chief Operating Officer. Christopher Gaut, the current Chief Executive Officer, will become...

French resource management firm Veolia Environnement (VE) reported Monday that it has won a 156 million euros contract from the Sri Lankan National Water Supply and Drainage Board. Through its subsidiaries OTV and SADE, Veolia will help provide access to water on a large scale in the Greater Matale...

Steinhoff International Holdings N.V. announced that Steinhoff and Shoprite have decided to terminate their negotiations related to the potential sale of Steinhoff's Africa retail assets to Shoprite as the PIC, Titan and Steinhoff could not reach agreement on the exchange ratio that would apply to...

Consulting firm Accenture (ACN) Monday announced that it has agreed to purchase a 62% majority of SinnerSchrader AG, a digital agency in Germany, from co-founder and CEO Matthias Schrader, CFO Thomas Dyckhoff, and other shareholders at 9 euros per share. Accenture also announced its intention to launch...

AstraZeneca (AZN.L, AZN) announced that it has entered into an agreement with TerSera Therapeutics LLC for the commercial rights to Zoladex in the US and Canada. TerSera will pay AstraZeneca $250 million upon completion. AstraZeneca will also receive sales-related income through milestones totalling...

Royal Bank of Scotland Group PLC (RBS, RBS.L) on Monday issued an update on the company's remaining State Aid obligation. RBS said it has been informed by HM Treasury that the Commissioner responsible for EU competition policy plans to propose to the College of Commissioners to open proceedings to...

Harris Corp. (HRS), a technology innovator, Monday said it has received a two-year, $189 million contract to provide an integrated battle management system or BMS to the United Arab Emirates Armed Forces. The contract was received during the first quarter of Harris' fiscal 2017. Harris said its system...

Swiss banking giant UBS Group AG (UBS) on Monday said it has entered into an agreement, under which Northern Trust Corp. (NTRS) would acquire UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland. The company did not announce the financial terms of the deal. The...

Alibaba Group Holding Ltd. (BABA) announced the formation of a strategic partnership with the Shanghai-based retailer Bailian Group to explore new forms of retail opportunities across each other's ecosystem. The companies will leverage the power of big data to achieve integration between offline stores,...

AT&T (T) said Friday that it has reached a tentative agreement with the Communications Workers of America or CWA in negotiations covering CWA-represented former DIRECTV field services employees in four states. The agreement covers nearly 280 employees in Delaware, Maryland, New Mexico and Oregon,...

Perrigo Company plc (PRGO) today announced it has received final approval from the U.S. Food and Drug Administration for hydrocodone bitartrate and homatropine methylbromide oral solution (syrup), 5 mg/1.5 mg per 5 mL. Hydrocodone bitartrate and homatropine methylbromide oral solution (syrup), 5 mg/1.5...

Packaged food company General Mills (GIS) said that in response to revised second-half growth expectations driven largely by recent sales performance on U.S. yogurt and soup, the company is reducing its sales and earnings outlook for the fiscal year ending May 2017. General Mills said its fiscal...

Fannie Mae (FNMA) reported that its net income attributable to common stockholders for fiscal year 2016 was $77 million or $0.01 per share, compared to a loss of $262 million or $0.05 per share in the prior year. Fannie Mae's 2016 net income of $12.3 billion increased from $11.0 billion in 2015 due...

Moody's Corp. (MCO) Friday said it expects fiscal 2017 earnings per share between $5.15 and $5.30 including the estimated $0.15 per share benefit resulting from the accounting standard update. In the year 2016, the company reported earnings per share of $1.36, while adjusted earnings per share were...

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