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ABM Industries to buy GCA Services for about $1.25 bln

Wednesday, 12 Jul 2017 06:30am EDT

July 12 (Reuters) - ABM Industries Inc -:ABM Industries to acquire GCA Services Group, a facility services leader in the education and commercial industries.ABM Industries to acquire GCA Services Group, a facility services leader in the education and commercial industries.Estimated cost synergies of approximately $20 million to $30 million.ABM Industries Inc - ‍estimated cost synergies of approximately $20 million to $30 million from deal​.ABM Industries Inc - deal for ‍approximately $1.25 billion in cash and stock​.ABM Industries Inc - deal increases annual revenues by approximately $1.1 billion and adjusted ebitda by approximately $100 million.ABM Industries Inc says abm plans to fund cash portion of purchase price and transaction expenses via its amended revolving credit facility.ABM Industries Inc - ‍to acquire GCA Services Group from affiliates of Thomas H. Lee Partners, L.P., Goldman Sachs merchant banking division for about $1.25 billion in cash and stock​.ABM Industries Inc says there are no changes to company's fiscal year outlook at this time.ABM Industries Inc - ABM expects to incur approximately $70 million in one-time, transaction, synergy, and integration-related costs.ABM Industries Inc - ‍under terms of agreement, abm will acquire gca for $851 million in cash and $399 million in shares of abm common stock​.ABM Industries Inc - ‍no changes to company's fiscal year outlook at this time​.

CSC Financial updates on dispute with Yu Xiaofeng

Tuesday, 4 Jul 2017 07:25am EDT

July 4 (Reuters) - CSC Financial Co Ltd <6066.HK>::Updates on dispute with Yu Xiaofeng over margin financing and securities lending business.Co recently received a notice of response issued by Beijing Arbitration Commission."Company believes that arbitration application will not have a material impact on its financial position".In arbitration application, Yu Xiaofeng requested for a sum of approximately rmb38.16 million in damages.

TIP, Ampliter to launch sale of Amplifon shares by accelerated bookbuilding

Tuesday, 13 Jun 2017 12:05pm EDT

June 13 (Reuters) - TAMBURI INVESTMENT PARTNERS SPA (TIP) ::TO LAUNCH SALE OF AMPLIFON S.P.A. <<>> SHARES BY ACCELERATED BOOKBUILDING DEDICATED TO QUALIFIED INVESTORS IN ITALY AND ABROAD.INTENDS TO SELL 3.5 MILLION ORDINARY SHARES OF AMPLIFON S.P.A., REPRESENTING 1.55% OF AMPLIFON’S SHARE CAPITAL AND REPRESENTING 1.06% OF THE VOTING RIGHTS.AMPLITER NV AT THE SAME TIME HAS LAUNCHED SALE OF 5.5 MILLION SHARES OF AMPLIFON REPRESENTING 2.43% OF THE SHARE CAPITAL AND 1.66% OF THE VOTING RIGHTS.ACCELERATED BOOKBUILD PROCEDURE TO BE CARRIED OUT BY MORGAN STANLEY AND UNICREDIT BANK AG, MILAN BRANCH (IN COOPERATION WITH KEPLER CHEUVREUX) AS JOINT BOOKRUNNERS.THE ACCELERATED BOOKBUILDING TRANSACTION IN THE CONTEXT OF A FURTHER INVESTMENT OF 50 MILLION EURO BY TIP IN AMPLITER SHARE CAPITAL.

Fiera Capital announces leadership changes to Canadian division

Friday, 9 Jun 2017 09:25am EDT

June 9 (Reuters) - Fiera Capital Corp :Fiera capital- sylvain roy will continue association with co as special advisor to global management team .Fiera capital announces leadership changes to the canadian division.Fiera capital corp says jean-philippe lemay appointed president and coo of fiera capital's canadian division.Fiera capital corp says sylvain roy to remain as special advisor to global management team.

Cash Financial Services announces placing of convertible bonds by CFSG

Friday, 26 May 2017 07:24am EDT

May 26 (Reuters) - Cash Financial Services Group Ltd <0510.HK>:CFSG to place through placing agent convertible bonds with principal amount of up to hk$620 million.Net proceeds from placing (after deducting related expenses) are estimated to be about hk$614.6 million.CFSG place convertible bonds to not less than six placees at initial conversion price of hk$0.31 per cfsg share.Net proceeds will be utilized as to around hk$300 million to further strengthen CFSG Group's financial services business.

X Trade Brokers Dom Maklerski terminates its activity in Turkey

Thursday, 18 May 2017 11:07am EDT

May 18 (Reuters) - X TRADE BROKERS DOM MAKLERSKI SA ::DECIDES TO TERMINATE ITS ACTIVITY ON THE TURKISH MARKET.WITHDRAWAL FROM TURKISH MARKET TO INVOLVE NEED FOR WRITE-OFFS THAT MAY AFFECT CURRENT FINANCIAL RESULT.DUE TO WITHDRAWAL FROM TURKISH MARKET CO TO RECOGNIZE IMPAIRMENT OF ABOUT 5.6 MILLION ZLOTYS IN H1 2017.THE COMPANY TO LIQUIDATE ITS TURKISH-BASED UNIT X TRADE BROKERS MENKUL DEĞERLER A.Ş..

Siebert Financial executes letter of intent with Stockcross Financial Services

Monday, 8 May 2017 10:03am EDT

May 8 (Reuters) - Siebert Financial Corp ::Siebert Financial Corp. executes letter of intent with Stockcross Financial Services.After transaction, Siebert Financial will increase its total customer assets to over $11 billion with 11 retail branches nationwide.Will exchange number of its shares as determined by an outside party, Manorhaven Capital, Llc, according to a fairness opinion.Shares to be issued will be dilutive to all shareholders, including current majority shareholders.To acquire approximately $4 billion in customer assets of its retail securities business and transfer of its sales force.

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