On Monday, Autodesk, Inc. (NASDAQ:ADSK)’s shares inclined 0.66% to $44.29.
Autodesk, Inc. (ADSK) is hosting its annual Investor Day at the Autodesk Gallery in San Francisco. Here, Autodesk will provide an update on its transition to a subscription-based business model and plans for expanding its market opportunity. The company is also reiterating its business outlook for the third quarter and fiscal year 2016.
At recent event Investor Day event, Bass will be joined by other members of the Autodesk leadership team to talk about opportunities in the current market, provide updates on the business model transition, financial metrics, and corporate strategy.
Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.
Newell Rubbermaid Inc. (NYSE:NWL)’s shares gained 2.38% to $41.58.
Newell Rubbermaid (NWL) has reached a definitive agreement to acquire Elmer’s Products, Inc. from an associate of Berwind Corporation, a family-owned investment administration company, for a purchase price of $600 million, subject to customary working capital adjustments. Elmer’s, whose brands comprise Elmer’s®, Krazy Glue®, and X-Acto®, is the leading provider of activity-based adhesive and cutting products that inspire creativity in the classroom, at home, in the office, in the workshop and at the craft table. Elmer’s distributes Krazy Glue, a leading instant adhesive brand in North America, through a joint venture with Toagosei Chemical Co. Ltd.
Elmer’s net sales for calendar year 2015 are projected to be about $240 million. The acquisition is predictable to be accretive to normalized earnings and operating margin in 2016. The attained business will be stated as part of Newell Rubbermaid’s Writing segment with Elmer’s, X-Acto and Krazy Glue joining the company’s Paper Mate®, Sharpie®, Expo® and Mr. Sketch® brands. The company will leverage its brand building, design and innovation capabilities to accelerate Elmer’s growth while simultaneously delivering synergies in distribution, cross-selling and merchandising. The acquisition is predictable to be financed through a combination of accessible liquidity and debt financings. The company anticipates the transaction closing by year end, subject to customary conditions and regulatory approvals.
Newell Rubbermaid Inc. manufactures and markets consumer and commercial products worldwide. It operates through five segments: Writing, Home Solutions, Tools, Commercial Products, and Baby & Parenting.
At the end of Monday’s trade, DDR Corp (NYSE:DDR)‘s shares surged 1.92% to $15.92.
DDR Corp. (DDR) declared that it closed on the disposition of 21 assets totaling $302 million at 100% ownership, $145 million at DDR’s share, during the third quarter of 2015.
During the third quarter, DDR sold 19 operating assets and two land parcels for an aggregate $145 million at the Company’s share. Comprised Of in the third quarter total is the sale of 10 assets from the BRE DDR Retail Holdings III portfolio for $165 million, bringing year-to-date sales in the joint venture to $213 million at a premium to the fourth quarter 2014 acquisition costs. DDR has an additional 10 operating assets and nine land parcels under contract for sale, representing an predictable total price of $268 million at the Company’s share. Year-to-date, the Company has sold $358 million and attained $160 million of assets at DDR’s share.
DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.
AerCap Holdings N.V. (NYSE:AER), ended its Monday’s trading session with 3.33% gain, and closed at $41.84.
AerCap Holdings N.V. (AER) declared that it has signed a contract with Air Astana, Kazakhstan`s flag carrier, for the lease of three Airbus A321neo and one A320neo aircraft. The aircraft will be operated on the airline`s domestic and international route networks.
AerCap CEO Aengus Kelly said: “AerCap is delighted to work with Air Astana to support the carrier`s expanding network in the region, particularly on longer range routes to Asia and Europe, with the most modern, fuel-efficient equipment.”
AerCap holds one of the most attractive order books in the industry, which comprises the largest order position of Airbus A320neo family aircraft among leasing companies.
AerCap Holdings N.V., an independent aircraft leasing company, engages in the leasing, financing, sale, and administration of commercial aircraft and engines.
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