Wall Street rises on hopes of vaccine-fueled recovery
(Reuters) -U.S. stocks rose on Wednesday, led by energy shares, as investors bet on a strong economic recovery in 2021 on the back of COVID-19 vaccine rollouts and hopes of bigger fiscal support. The last few weeks of the year have seen a shift towards undervalued stocks that are primed to benefit from an economic […]
Riverside sells temporary traffic safety management solutions provider AWP
Global private equity firm The Riverside Company has sold Area Wide Protective (AWP). Terms of the transaction have not been disclosed. Headquartered in North Canton, Ohio, AWP is a provider of outsourced temporary traffic safety management (TTSM) solutions supporting infrastructure repair, maintenance and upgrade activities for a broad range of blue-chip utilities, utility contractors and […]
Tiffany shareholders back LVMH takeover, ending long-drawn dispute
(Reuters) – U.S. jeweler Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year. At a virtual special stockholder meeting, more than 99% of votes cast were in favor of the deal. Billionaire Bernard […]
US extends China military investment ban to subsidiaries
Treasury update signals tougher approach in one of Trump’s closing moves against Beijing An executive order issued by Donald Trump banning investments in Chinese companies with suspected military ties will apply to subsidiaries, the US Treasury said on Monday, signalling a tougher interpretation of the crackdown. The clarification followed a heated debate within the Trump […]
Apollo-led group to buy stake in AB InBev’s U.S. can plants for $3 billion
Apollo Global Management Inc said on Wednesday a group of institutional investors led by the private-equity firm would buy a 49.9% stake in Anheuser-Busch InBev’s U.S.-based metal container plants for about $3 billion. AB InBev has been burdened by debt after its 2016 takeover of nearest rival SABMiller and has made deleveraging a priority, selling […]
Analysis-Supply squeeze won’t ease on global stocks and bonds in 2021
An unrelenting squeeze on the supply of global shares and sovereign bonds shows little sign of easing next year, with companies and central banks predicted to be big buyers of these securities in direct competition with investors. The supply mismatch could help to sustain the decade-long bull run in global equities and also keep bond […]
EU and China Seal Investment Agreement to Open Chinese Market
The European Union and China announced the political approval of a long-sought agreement to open the Chinese market further to EU investors, marking an economic victory for both sides. The breakthrough in negotiations on an EU-China investment accord signals the bloc’s determination to focus on economic opportunities in Asia even amid criticism of Beijing’s record […]
Acadia to sell UK unit for $1.47 bln
Acadia Healthcare Company Inc said on Wednesday it would sell its UK business operations to Waterland Private Equity for about 1.08 billion pounds ($1.47 billion). The company expects the sale to result in proceeds of about $1.35 billion, it said. ($1 = 0.7357 pounds). Source: Reuters Image Source: National Real Estate Investor
UGI Corp’s (UGI) Systematic Capital Investments Bode Well
UGI Corporation UGI continues to focus on systematic investments in expanding its existing operations coupled with inorganic growth, which will boost its performance in the long term. Also, the company’s target to build a clean energy portfolio acts as a tailwind. We recently issued an updated research report on UGI Corp. The Zacks Consensus Estimate for fiscal […]
Blackstone Senior Floating Rate Term Fund (BSL) Ex-Dividend Date Scheduled for December 30, 2020
Blackstone Senior Floating Rate Term Fund (BSL) will begin trading ex-dividend on December 30, 2020. A cash dividend payment of $0.103 per share is scheduled to be paid on January 29, 2021. Shareholders who purchased BSL prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $14.34, […]
