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Newtek Business Services Corp acquires Premier Payments LLC

9:00am EDT

Newtek Business Services Corp:Acquires premier payments llc.Deal for about $16.5 million.$14.0 million of deal was paid in cash and remainder was paid in newly issued restricted shares of Newtek common stock.Acquisition is expected to be accretive to earnings beginning in the third quarter of 2015.Says has acquired premier payments llc, as a new wholly owned portfolio company.

Funai Soken Holdings raises consolidated mid-year outlook for FY 2015

3:30am EDT

Funai Soken Holdings Incorporated:Says the company increased the consolidated mid-year outlook for revenue to 6,893 mln yen from 6,500 mln yen, for the fiscal year ending Dec. 2015.Operating profit forecast increased to 1,889 mln yen from 1,700 mln yen.Ordinary profit forecast increased to 1,994 mln yen from 1,700 mln yen.Net profit forecast increased to 1,284 mln yen from 1,000 mln yen.Earnings per share increased to 45.59 yen from 35.34 yen.Comments the improvement in core business, cost reduction and decreased corporation tax burden are the main reasons for the forecast.

Servizi Italia SpA to buy 40 percent stake in Ankateks in Turkey

2:24am EDT

Servizi Italia SpA:Signs agreement to acquire 40 percent stake in Ankateks Turizm Insaat Tekstil Temizleme San Ve Tic Ltd Sti (Ankateks) in Turkey for preliminary amount of 16.5 million liras.Stake price to be recalculated and to become definitive based on a multiplier of the 2016 net results of Ankateks and of the controlled entity Ergulteks.Immediately after the approval of 2016 results, Servizi Italia will also have the right of acquiring the control of the Group through the purchase of an additional 15.0 percent of Ankateks share capital (totaling 55.0 percent of the share capital) based on the same pricing criteria.

INET-SCHOOL to set up joint venture with Line

2:07am EDT

INET-SCHOOL Inc:To set up joint venture in Hong Kong, namely LANTU GAMES, with Line Corporation.The company and Line will respectively invest 11,704 mln won into the joint venture, to hold an equal 50 pct stake.The joint venture will be engaged in mobile game business.The joint venture with a registration capital of 23,408 mln won.Expected transaction settlement date of Sep. 30.

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Analyst Research

Report Title Price
Provider: Edison Investment Research
$10.00
Provider: Edison Investment Research
$10.00
Provider: Edison Investment Research
$10.00
Provider: Edison Investment Research
$10.00
Provider: Edison Investment Research
$10.00

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