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Responding to press speculation, Innovation Group (TIG.L) confirmed that it is in advanced discussions with The Carlyle Group (CG), at 40 pence per share in cash, which may or may not lead to an offer being made for Innovation Group. As per the U.K. rule, Carlyle must, by not later than 5.00 p.m....

Reliance Steel & Aluminum Co. (RS) responded to the proposed penalties of $367,500 and related commentary issued by the United States Environmental Protection Agency or "EPA" against Reliance's Earle M. Jorgensen Company or "EMJ" subsidiary. The proposed penalties relate to EMJ's participation in...

Perrigo Company plc (PRGO) announced that it has completed the acquisition of leading OTC brands from GSK in an all cash transaction valued at 200 million euros. Perrigo noted that it continues to expect the acquisition to be immediately accretive to Perrigo's calendar 2015 adjusted earnings per...

Perrigo Company plc (PRGO) said the company is confident that the majority of its shareholders will not tender their shares to Mylan's unsolicited offer. Perrigo said the company remains focused on its 'Base Plus Plus Plus' growth strategy - realizing an organic net sales CAGR goal of 5-10% over the...

Ashford Hospitality Prime, Inc. (AHP) announced the Independent Directors of the Board have decided to explore a full range of strategic alternatives, including a possible sale of the company. The Independent Directors have retained Deutsche Bank Securities Inc. as their financial advisor to assist in...

Bob Evans Farms Inc. (BOBE) announced that it has appointed Douglas Benham, former President and Chief Executive Officer of Arby's Restaurant Group, Inc., and a Director of Bob Evans since August 2014, to the new position of Executive Chair. It further announced that Mark Hood, Chief Financial Officer,...

Payroll processor Automatic Data Processing Inc. (ADP) said it intends to initiate a public offering of $2.0 billion in debt securities at a future date. ADP filed a registration statement on Form S-3 with the Securities and Exchange Commission in anticipation of this debt offering. Contingent...

Mylan N.V. (MYL) announced that its shareholders have approved Mylan's proposed acquisition of Perrigo Company plc (PRGO) and the related issuance of Mylan ordinary shares to Perrigo's shareholders at an extraordinary general meeting of shareholders held today. Mylan looks forward to launching its formal...

Nokia and China Huaxin Post & Telecommunication Economy Development Center have signed a MoU, confirming their intention to combine Nokia's telecommunications infrastructure businesses in China, or Nokia China, and Alcatel-Lucent Shanghai Bell, or ASB, into a new joint venture. Nokia China provides...

Transport operator FirstGroup plc (FGROY.PK, FGROF.PK, FGP.L) Friday announced the appointment of Matthew Gregory as a board member and chief financial officer with effect from 1 December 2015. Matthew was recently with FTSE 250 constituent Essentra plc.

Big Lots Inc. (BIG) Friday announced a second quarter net income of $17.64 million, down from $19.94 million in the prior year. Earnings per share also declined to $0.34, from $0.36 last year. On an adjusted basis, earnings was $20.4 million, while earnings per share increased 29 percent to $0.40...

Canadian financial services provider Bank of Nova Scotia (BNS, BNS.TO) or Scotiabank reported third-quarter net income attributable to equity holders of C$1.8 billion, down from C$2.3 billion last year. Quarterly earnings per share were C$1.45, compared with C$1.85 in the same period a year ago. Adjusted...

Hon Hai Precision Industry Co., Ltd. and Siliconware Precision Industries Co., Ltd. (SPIL) signed a Letter of Intent, whereby the companies will form a strategic alliance through the exchange of shares. After the exchange of shares, Hon Hai will hold 840.6 million SPIL shares, accounting for 21.24% shares...

Air China (AIRC.L, AIRYY.PK) reported that its profit attributable to equity shareholders of the Company for the six months ended 30 June 2015 surged to RMB 4.19 billion and 34.09 cents per share from RMB 510.37 million and 4.15 cents per share in the same period last year. The company recorded an...

Basilea Pharmaceutica Ltd. (BPMUF.PK) said that its Chief Technology Officer Ingrid Heinze-Krauss will retire after 15 years with the company. The company appointed Günter Ditzinger, currently Head of Pharmaceutics, to succeed Heinze-Krauss in the role of Chief Technology Officer and as a member of...

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