On Friday, Stericycle Inc (NASDAQ:SRCL)’s shares declined -1.08% to $136.42.
Stericycle, Inc. (SRCL) declared that it has reached a definitive agreement to acquire privately-held Shred-it International, the global secure information destruction services provider, for $2.3 billion in cash. The acquisition will strengthen Stericycle’s growth opportunities by providing an additional business-to-business compliance solution, leveraging Stericycle’s existing core capabilities, and expanding the company’s global reach.
Shred-it provides secure information destruction services to over 400,000 customer locations in 15 countries. Shred-it’s pro forma revenue for the 12-month period ending March 2015 was $726 million. The transaction has been unanimously approved by the Boards of Directors of both companies. Upon closing, Shred-it will become a wholly-owned partner of Stericycle.
Stericycle, Inc., together with its auxiliaries, provides regulated and compliance solutions to the healthcare and commercial businesses. The company collects and processes specialized waste for disposal services. Its regulated solutions comprise hazardous waste administration, Steri-Safe medical waste and compliance programs, clinical services programs, Bio Systems reusable sharps containers, pharmaceutical waste disposal, medical safety products, and integrated waste stream solutions program. The company’s compliance solutions comprise training, consulting, inbound/outbound communications, data reporting, and other regulatory compliance services.
Enphase Energy Inc (NASDAQ:ENPH)’s shares gained 1.09% to $6.45.
Enphase Energy, Inc. (ENPH), has entered a strategic partnership with Wocozon BV, a Dutch nonprofit service company that provides renewable energy services to social housing projects. Wocozon will install solar photovoltaic (PV) arrays equipped with Enphase® solar energy systems on 2,700 homes in multiple social housing dwellings across the Netherlands.
Wocozon is managing a two-year energy services development program that will provide social housing tenants with Enphase systems to reduce their energy bills and their environmental footprint. The company fully finances and owns the solar PV arrays providing the power, while social housing tenants pay a monthly energy fee that is far lower than their normal utility bills.
Enphase Energy, Inc., together with its auxiliaries, designs, develops, and sells microinverter systems for the solar photovoltaic industry in the United States and internationally. The company’s microinverter systems comprises of an Enphase microinverter and related accessories that convert direct current power to grid-compliant alternating current power; an Envoy communications gateway device that collects and transmits performance information from each solar module to the company’s hosted data center; and an Enlighten Web-based software platform, which collects and processes this information to enable customers to monitor and manage their solar power systems.
At the end of Friday’s trade, Omnicare, Inc. (NYSE:OCR)‘s shares surged dipped -0.13% to $95.57.
Omnicare, Inc. (OCR) will release its financial results for the second quarter of fiscal 2015 before the market opens on Friday, July 24, 2015. Omnicare will not host a conference call to discuss the results. The Company`s full quarterly report will be available on its Investor Relations at ir.omnicare.com.
Contingent cash interest, which Omnicare has determined to be about $0.145 per $50 stated liquidation amount of Trust PIERS for the current interest period, will be payable to holders of the Trust PIERS as of the record date of September 14, 2015. The payment of contingent cash interest is predictable to be made on September 15, 2015. Omnicare, Inc. operates as a healthcare services company that specializes in the administration of pharmaceutical care in the United States. The company’s Long-Term Care Group segment offers pharmaceuticals, and related pharmacy and ancillary services to long-term care facilities; and chronic care facilities and other settings.
Avis Budget Group Inc. (NASDAQ:CAR), ended its Friday’s trading session with 1.84% gain, and closed at $44.20.
Avis Budget Group, Inc. (CAR) declared that it plans to report its second quarter 2015 results after the market close on Monday, August 3, 2015, and to host a conference call to talk about such results on Tuesday, August 4, 2015 at 8:30 a.m. Eastern time.
Avis Budget Group, Inc., together with its auxiliaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. It operates the Avis car rental system with about 5,450 locations, that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with about 3,500 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to about 915,000 members.
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