Environmental Services
Waterlogic Plc To Acquire Cool Clear Water Group
Waterlogic Plc announced that it has entered into a conditional agreement to acquire the entire share capital of Cool Clear Water Group Ltd (CCW), supplier of POU drinking water purification and dispensing systems in Australia. The acquisition marks Waterlogic's entry into the Australian water cooler market. The consideration will be satisfied by the payment of AUD60.0 million (approximately USD58.5 million) in cash on completion, of which AUD6.1 million (approximately USD6 million) is held in escrow and will be released. The acquisition will be financed through existing cash resources and new debt facilities. The completion is expected to occur in June 2013.
Tox Free Solutions Ltd Announces Completion of Strategic Acquisition
Tox Free Solutions Ltd announced that it has completed the acquisition of the assets and business of Wanless Enviro Services Pty Ltd, Smart Skip Pty Ltd, and Jones Enviro Services Pty Ltd, and certain of the assets of Wanless Enviro Asset Management Pty Ltd. The acquisition of Wanless for AUD85 million.
Hiap Huat Holdings Bhd Enters Into Seven Separate Sale And Purchase Agreements With Sunway Damansara Sdn Bhd And Perbadanan Kemajuan Negeri Selangor
Hiap Huat Holdings Bhd announced that the Company had on May 10, 2013 entered into seven separate Sale and Purchase Agreements (SPAs) with Sunway Damansara Sdn Bhd (SDSB or the Vendor) and Perbadanan Kemajuan Negeri Selangor (the Proprietor) for the acquisition of seven units of office suites within an on-going development project known as Sunway Nexis Soho erected on the land held under Master Title PN 94193, Lot 656570 (formerly known as H.S. (D) No. 145186, PT No. 371) (formerly forming part of land under Master Title H.S (D) 103054, PT No. 33491) in the Mukim Pekan Baru Sungai Buloh, Daerah Petaling, Negeri Selangor (the Land) with the total net floor areas of 1,084 square metres (the Properties) for a total cash consideration of RM11,145,750.00 (Purchase Consideration) (Proposed Acquisition). The Properties are located within Sunway Nexis Soho which is located at Dataran Sunway, Kota Damansara, nearby Sunway Giza mall and other commercial developments such as The Strand. The Purchase Consideration will be satisfied entirely in cash, which will be financed through a combination of internally-generated funds and external bank borrowings.
Global Earth Energy Inc Announces Letter of Intent to Consummate Third Acquisition
Global Earth Energy Inc announced that GLER, through a Letter of Intent, intends to acquire a third income-producing asset, the Sunrise Highway Office Building, located at, 381 Sunrise Highway, Lynbrook, New York 11563. The acquisition will only occur if Global Earth Energy and the seller of the property can execute a binding agreement of sale and purchase. As of this date, no such agreement has been executed. If an agreement is executed, proper notification will be made. Square Footage: 58,491; Acquisition Price: $8,700,000.00; Gross Revenue-$1,600,000.00; Expenses-$520,000.00; Net Operating Income-$1,080,000.00; Assumable Debt Service: $5,000,000.00 @ 3.5% (Monthly Debt Payment: $20,229.00) (Annually: $242,748.00); Net Income Available for Cash Flow: $837,252.00. Through the acquisition, if an agreement can be executed with the seller of the property, Global Earth Energy intends to pay for the property pursuant to the assumption of debt in the amount of $5,000,000.00 and the issuance of a $3,700,000.00 Convertible Promissory Note, yielding 0.575% interest-only against assignment of rental income and leases, convertible into 12,000,000 shares of the common stock of Global Earth Energy. Once an agreement of sale and purchase is executed, the transaction is expected to close within 45 days thereafter pursuant to an escrow settlement procedure between all parties involved.
Global Earth Energy Inc Announces Acquisition Of Income-Producing Asset To Company
Global Earth Energy Inc announced that it will acquire an income-producing asset, the Naylor Apartment Complex, located at, 2585 Naylor Road SE, Washington, DC 20020.
Tox Free Solutions Ltd Announces Strategic Acquisition
Tox Free Solutions Ltd announced that it has signed a binding asset acquisition agreement under which Toxfree will acquire the assets and business of Wanless Enviro Services Pty Ltd, Smart Skip Pty Ltd, and Jones Enviro Services Pty Ltd, and certain of the assets of Wanless Enviro Asset Management Pty Ltd, for AUD 85.0 million. Wanless Enviro Services is a provider of solid waste services to business customers in Queensland, operating a branch network that extends from Cairns to the Gold Coast and Toowoomba. Smart Skip is a construction and demolition waste business servicing the South East Queensland building and construction markets. Jones Enviro Services offers industrial, commercial and municipal waste recovery and recycling services in Tasmania.
Global Vision Holdings, Inc Acquires The Place Media
Global Vision Holdings, Inc announced it has finalized its acquisition of The Place Media, a travel-based publication company whose magazines cover the LA, Orange County and San Diego areas that make up Southern California. Global Vision Holdings, Inc. closed this Asset Purchase Agreement at a price of $1,000,000.00. The Place Media, LLC, will operate as a wholly owned subsidiary of Global Vision Holdings, Inc.
Shintokyo Group Co Ltd to Acquire Yokoyama Corporation; to Start Material Regeneration Business
Shintokyo Group Co Ltd announced that it has decided to acquire 1,000 shares of Yokoyama Corporation, which engages in the material regeneration business, for JPY 59 million in total, effective April 24, 2013. As a result, the Company will hold a 100% stake in Yokoyama Corporation, up from 0%. In addition, the Company will start material regeneration business concentrating on metal scrap through the acquisition of Yokoyama Corporation.
Ceco Environmental Corp To Acquire Met-Pro Corp
Ceco Environmental Corp announced that it has entered into a definitive agreement to acquire Met-Pro Corp. Met-Pro is a global provider of product recovery, pollution control, fluid handling and filtration solutions. Pursuant to the terms of the definitive agreement, CECO will acquire all of the outstanding shares of Met-Pro common stock in a cash and stock transaction valued at a total of approximately $210 million, or $13.75 per share, which represents a 43% premium to Met-Pro's share price as of the close on April 19, 2013. The consideration includes $7.25 per share in cash and $6.50 per share in CECO common stock. The boards of directors of each of CECO and Met-Pro have unanimously approved the transaction.
Ceco Environmental Corp To Acquire Met-Pro Corp
Ceco Environmental Corp announced that it has entered into a definitive agreement to acquire Met-Pro Corp. Met-Pro is a global provider of product recovery, pollution control, fluid handling and filtration solutions. Pursuant to the terms of the definitive agreement, CECO will acquire all of the outstanding shares of Met-Pro common stock in a cash and stock transaction valued at a total of approximately $210 million, or $13.75 per share, which represents a 43% premium to Met-Pro's share price as of the close on April 19, 2013. The consideration includes $7.25 per share in cash and $6.50 per share in CECO common stock. The boards of directors of each of CECO and Met-Pro have unanimously approved the transaction.
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Sector Summary
| Energy |  -0.39% |
| Basic Materials | -0.25% |
| Industrials |  +0.03% |
| Cyclical Goods & Services | +0.06% |
| Non-Cyclical Goods & Services | +0.69% |
| Financials | -0.07% |
| Healthcare | +0.03% |
| Technology | -0.06% |
| Telecoms | -0.14% |
| Utilities | -0.23% |
| DOW | 15,303.10 | +8.60 |
+0.06% |
| S&P 500 | 1,649.60 | -0.91 |
-0.06% |
| NASDAQ | 3,459.14 | -0.27 |
-0.01% |
| TR US Index | 149.51 | -0.14 |
-0.09% |
Analyst Research
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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