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Ingram Micro, Tianjin Tianhai Elect say deal on track to close in second half of 2016

Thursday, 21 Jul 2016 04:03pm EDT

Ingram Micro Inc (IM.N) : Ingram Micro and Tianjin Tianhai Elect to submit joint notification to committee on foreign investment in the United States; acquisition of Ingram Micro remains on track to close in second half of 2016 .Companies continue to expect transaction to close in second half of 2016 as previously announced.

Matson Logistics to buy Span Alaska for $197.6 mln

Monday, 18 Jul 2016 04:05pm EDT

Matson Inc : Transaction valued at $197.6 million . Transaction expected to be $0.10 to $0.12 accretive to annual eps, excluding one-time costs . Transaction expected to be $0.10 to $0.12 accretive to annual eps . Matson says after closings of transaction and notes, we expect our $400 million revolving credit facility to have approximately $345 million of unused capacity . Expects to fund $197.6 million transaction at closing from available borrowings under its $400 million revolving credit facility . In third and fourth quarters of 2016, expects one-time pre-tax transaction closing and integration costs to be about $4.0 to $5.0 million . Matson logistics to acquire span alaska . Matson inc says expects to fund transaction from available borrowings under its revolving credit facility . Says enters Into Agreement For $200 Mln 15-Year senior unsecured notes at 3.14% fixed rate . Proceeds of notes are expected to be used to pay down company's revolving credit facility and for general corporate purposes . Matson will not assume any span alaska debt in transaction. .Expects business integration to be substantially complete by year-end 2016.

Hapag-Lloyd and UASC sign business combination agreement

Monday, 18 Jul 2016 03:00am EDT

Hapag Lloyd AG : Hapag-Lloyd and UASC sign business combination agreement . Combined company will rank among world's five largest liner shipping companies and will operate one of most modern fleets in industry . Merger is expected to be completed by end of 2016 .Some of controlling shareholders of either side have committed, to backstop a cash capital increase in amount of $400 million planned by way of a rights issue within six months after closing of transaction.

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Analyst Research

Report Title Price
Provider : Renaissance Capital
$81.00
Provider : Renaissance Capital
$81.00
Provider : Renaissance Capital
$92.00
Provider : Voyage Research Pte Ltd.
$100.00
Provider : GlobalData
$125.00

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