During Wednesday’s Current trade, Shares of Marriott International Inc (NASDAQ:MAR), gain 0.39% to $76.89.
Marriott International Inc (MAR) the world’s favorite travel company, and Universal Music Group (UMG), the global music leader, have created a first-of-its-kind global marketing partnership that will comprise exclusive performances by established and emerging recording artists, branded video series, social content, music downloads, ticket offers and more. The partnership joins Marriott International’s 19 brands, counting The Ritz-Carlton, EDITION, JW Marriott, Renaissance and Marriott Hotels, with illustrious UMG music labels such as Capitol Music Group, Def Jam Recordings, Interscope Geffen A&M, Island Records, Republic Records and UMG Nashville.
Marriott and UMG are setting out to engage a new generation of experience-seekers, travelers and music fans to deliver unique #WithTheBand experiences. Starting this summer, the partnership will premiere live performances for hotel guests at select properties across Marriott International’s portfolio of brands around the globe. On June 30, 2015, the St. Pancras Renaissance London Hotel will feature a live performance by pop sensation and ‘The Voice Australia’ judge, Jessie J, kicking off a series of exclusive, on-property performances on five different continents.
Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. It operates through three segments: North American Full-Service, North American Limited-Service, and International. The company also licenses the development, operation, marketing, sale, and administration of vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club, and The Ritz-Carlton Residences brands to the Marriott Vacations Worldwide Corporation.
Shares of Jarden Corp(NYSE:JAH), declined -0.34% to $55.50, during its current trading session.
Jarden Corporation (JAH), a leading global consumer products company, declared recently that it has reached a definitive purchase agreement to acquire Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets, from an investment fund managed by Olympus Partners, a private equity firm, and other stockholders for about $1.35 billion, subject to working capital and other adjustments.
The transaction provides a meaningful addition to Jarden’s portfolio while creating opportunities in cross-selling, broadening the distribution platform particularly in the B2B category, and deepening Jarden’s talent bench. Waddington, which is predictable to contribute about $800 million to 2016 revenues, will be stated as part of Jarden’s Branded Consumables segment. The transaction is predictable to be funded through a combination of cash on hand, common equity and a mix of bank debt and bonds.
Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment; fishing and team sports equipment; alpine and nordic skiing, snowboarding, snowshoeing, and in-line skating products; technical and outdoor apparel and equipment; personal flotation devices, water sports equipment, and all-terrain vehicle gears; and inflatable air beds and accessories.
EP Energy Corp (NYSE:EPE), during its Wednesday’s current trading session decreased -4.78% to $8.37.
EP Energy Corporation (EPE) has planned a webcast at 10:00 a.m. Eastern Time, 9:00 a.m. Central Time, on Thursday, July 30, 2015 to talk about its second quarter 2015 financial and operational results. The company’s second quarter earnings press release is planned to be issued after the New York Stock Exchange closes trading on Wednesday, July 29, 2015.
EP Energy Corporation, an independent exploration and production company, acquires and develops unconventional onshore oil and natural gas properties in the United States. The company primarily holds interests in various properties covering about 440,000 net acres that are located in various areas comprising Eagle Ford Shale, South Texas; Wolfcamp Shale, the Permian Basin, West Texas; the Altamont field in the Uinta Basin, northeastern Utah; and Haynesville Shale, North Louisiana.
Finally, Fortune Brands Home & Security Inc (NYSE:FBHS), gained 0.54%, to $44.35.
Fortune Brands Home & Security Inc (FBHS) revealed that it has closed an all-cash tender offer to buy all shares of the kitchen and bathroom cabinetry producer, Norcraft Companies Inc., for about $25.50 per share.
Fortune Brands had agreed to acquire Norcraft on Mar 30, 2015, following which it launched this tender offer on Apr 14. Norcraft will form part of Fortune Brands’ cabinet segment post the completion of the deal, complementing the latter well with its solid operational administration, robust dealer network and commendable experience.
On the other hand, Norcraft will leverage Fortune Brands’ strong resources and scale of operations. Overall, both the companies complement each other, which will likely drive results and boost shareholder value.
Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, security applications, and storage. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, in addition to vanities for the kitchen, bath, and other parts of the home under various brand names, counting Aristokraft, Kitchen Craft, Kitchen Classics, Omega, Schrock, Homecrest, Decorá, Diamond, St. Paul, Kemper, Thomasville, and Martha Stewart Living in North America.
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