On Friday, Buffalo Wild Wings (NASDAQ:BWLD)’s shares inclined 3.18% to $160.92.
Buffalo Wild Wings (BWLD) declared that it has exercised its right of first refusal to acquire substantially all of the assets of Alamowing Development, LLC, B III Wing, LLC, RioWing Development, LLC, AlamoWing NM Partners, LLC, AlamoWing NM Partners II, LLC, Southseas Wings, LLC and certain partner and associated operating entities. The assets to be attained comprise primarily of 38 existing Buffalo Wild Wings® restaurants located in Texas, New Mexico and Hawaii and 3 Buffalo Wild Wings restaurants under development in New Mexico and Hawaii. The total purchase price for the assets is about $160 million.
The acquisition of the restaurants is subject to negotiation and execution of a final purchase agreement and certain regulatory approvals, counting a filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Upon execution of a purchase agreement, the transaction is anticipated to close by the end of the company’s third quarter.
Buffalo Wild Wings, Inc. owns, operates, and franchises restaurants. The company’s restaurants provide various food products, and nonalcoholic and alcoholic beverages. As of December 28, 2014, it owned and operated 491 company-owned restaurants, including 487 restaurants under the Buffalo Wild Wings brand name and 4 restaurants under the PizzaRev and Rusty Taco brand names in the United States and Canada; and franchised 591 restaurants comprising 584 Buffalo Wild Wings restaurants and 7 Rusty Taco restaurants. The company was founded in 1982 and is headquartered in Minneapolis, Minnesota.
Credit Suisse Group AG (ADR) (NYSE:CS)’s shares gained 0.16% to $27.97.
Credit Suisse Group AG (ADR) (CS) driven by supply fundamentals and macroeconomic factors, according to Credit Suisse Asset Management.
The Bloomberg Commodity Index Total Return performance was negative for the month, with 15 out of 22 Index constituents trading lower.
Credit Suisse Asset Administration observed the following:
- Industrial Metals was the worst performing sector, down 7.70%, as a continued weak economic growth outlook for China weighed on demand expectations.
- Agriculture declined 3.50%, led lower by softs, as a weaker Brazilian Real incentivized exports of sugar, coffee and soybeans. In addition, heavy rainfall improved the coffee harvest outlook in Brazil and Colombia, increasing supply expectations.
- Energy finished the month 2.13% lower, led by Natural Gas. Inventories rose more than predictable towards the end of the month, and forecasts for moderate weather across the U.S. reduced cooling demand expectations.
- Livestock gained the most, up 2.34%. In addition to Lean Hogs, Live Cattle also ended the month higher following raised wholesale beef demand. Furthermore, good pasture conditions incentivized producers to hold back cattle, shrinking near term supplies.
Credit Suisse Group AG, together with its auxiliaries, provides various financial services to private, corporate, institutional, government clients, and high-net-worth individuals, in addition to affluent and retail clients worldwide.
At the end of Friday’s trade, Royal Caribbean Cruises Ltd (NYSE:RCL)‘s shares dipped -1.07% to $76.80.
Royal Caribbean Cruises Ltd (RCL) said it raised its rating on the cruise operator based on the company’s valuation and expectations that Royal Caribbean will benefit from new ship introductions, which should drive growth in the China and Asia Pacific regions.
JPMorgan has upped its price target to $90 from $83 on Royal Caribbean stock.
Shares of Royal Caribbean are up by 1.70% to $77.01 at the start of trading this morning.
Miami, FL.-based Royal Caribbean operates cruises using a variety of brand names counting Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisieres de France. The company also has a 50% joint venture with TUI Cruises.
Royal Caribbean Cruises, Ltd. operates as a cruise company. The company operates cruisers under the Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisières de France, and TUI Cruises brand names. The Royal Caribbean International brand provides cruise itineraries ranging from 2 to 18 nights with options for onboard dining, entertainment, and other onboard activities to various destinations.
TE Connectivity Ltd (NYSE:TEL), ended its Friday’s trading session with -0.58% loss, and closed at $68.81.
TE Connectivity Ltd (TEL) declared that it has developed a proof of concept that allows traditional garment manufacturers to develop smart or connected textiles by easily integrating with the workspace and workflow used in traditional garment production. Through this process, garments produced can better survive the harsh conditions of normal wear, machine washing or dry cleaning.
To make it possible, TE closely collaborated with Google Inc. to develop a process using traditional garment manufacturing tools and techniques to create a smart garment.
With 26 million smart garments forecasted to be sold in the U.S. by next year, TE’s work with Google comes at a critical time in the lifecycle of smart garments and textiles as they become more disruptive to the technology and garment ecosystems in the coming years.
TE Connectivity Ltd., together with its auxiliaries, designs and manufactures connectivity and sensors solutions. It operates through four segments: Transportation Solutions, Industrial Solutions, Network Solutions, and Consumer Solutions. The Transportation Solutions segment offers electronic components, counting terminals and connectors, relays, and sensors, in addition to application tooling, wire and heat shrink tubing, and other custom-engineered solutions for the automotive market, such as industrial and commercial vehicle, and hybrid and electric vehicle markets.
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