On Tuesday, Perrigo Company plc Ordinary Shares(NYSE:PRGO)’s shares declined -0.77% to $195.54.
On behalf of funds that it manages, Paulson & Co. recently voted all of its 21.9 million Mylan (MYL) shares in support of the projected merger with Perrigo (PRGO).
John Paulson, President of Paulson & Co., said “The combination of Mylan’s unparalleled generic capabilities with Perrigo’s attractive OTC platform would create a global pharmaceutical powerhouse. The combined company will benefit from the growth in generics and OTC plus the migration of generics to OTC for many years to come. Mylan administration has a successful track record of integrating acquisitions. The transaction is predictable to be accretive based on cost synergies alone and likely meaningfully accretive when revenue synergies are taken into account.”
Perrigo Company plc, through its auxiliaries, develops, manufactures, and markets over-the-counter (OTC) consumer goods and pharmaceutical products worldwide. The company operates through Consumer Healthcare (CHC), Branded Consumer Healthcare (BCH), Prescription Pharmaceuticals (Rx Pharmaceuticals), Specialty Sciences, and Other segments. The CHC segment offers OTC products, counting analgesics, cough/cold/allergy/sinus, gastrointestinal, infant nutritional, smoking cessation, animal health, feminine hygiene, diabetes and dermatological care, diagnostic, and other healthcare products, in addition to vitamins, minerals, and dietary supplements; and contract manufacturing services. It serves retail drug, supermarket, mass merchandise chains, and wholesalers through sales force and industry brokers.
Werner Enterprises, Inc. (NASDAQ:WERN)’s shares gained 1.51% to $28.90.
Werner Enterprises, Inc. (WERN), one of the nation’s largest transportation and logistics companies, declared recently that its Board of Directors declared a regular quarterly cash dividend of $.060 (6.0 cents) per common share payable to stockholders of record at the close of business on October 5, 2015. This dividend is a $.010 per share enhance (or 20%) contrast to the Company’s previous quarterly dividend rate of $.050 per share. This dividend will be paid on October 20, 2015.
Werner Enterprises has paid a quarterly cash dividend to its stockholders every quarter since July 1987.
Werner Enterprises, Inc., a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce. The company operates in two segments, Truckload Transportation Services and Value Added Services. The Truckload Transportation Services segment operates regional short-haul fleet, which transports various consumer nondurable products and other commodities in truckload quantities using dry van trailers; medium-to-long-haul van fleet that provides comparable truckload van service over irregular routes; and the expedited fleet, which offers time-sensitive truckload services.
At the end of Tuesday’s trade, Xenia Hotels & Resorts Inc (NYSE:XHR)‘s shares surged 1.60% to $20.32.
Xenia Hotels & Resorts, Inc. (XHR) (“Xenia” or the “Company”) recently declared results for the second quarter ended June 30, 2015. The Company’s results comprise the following:
Second Quarter 2015 Highlights
- Same-Property RevPAR:Same-Property RevPAR, as adjusted by our operators for USALI, raised 4.7% from the second quarter of 2014 to $150.19, driven by a 5.2% ADR enhance slightly offset by a 0.5% decrease in occupancy. Unadjusted Same-Property RevPAR raised 3.9%. The Company estimates that RevPAR growth was negatively influenced by about 60 bps year-over-year due to the renovation disruption at the Marriott San Francisco Airport Waterfront.
- Same-Property Hotel EBITDA Margin:Same-Property Hotel EBITDA margin was 34.1%, an enhance of 70 basis points from the same period in 2014.
- Adjusted EBITDA:Adjusted EBITDA grew $7.7 million to $80.2 million, an enhance of 10.6% over the second quarter of 2014.
- Adjusted FFO:Adjusted FFO accessible to common stockholders raised to $0.57 per diluted share contrast to $0.50 per diluted share for the second quarter of 2014, representing an enhance of 14.0%.
Xenia Hotels & Resorts, Inc. operates as a self-advised and self-administered REIT that invests in full service hotels in the United States. As of December 31, 2014, it owned 46 hotels comprising 12,636 rooms across 19 states and the District of Columbia. The company is based in Orlando, Florida.
AMC Netoperates Inc (NASDAQ:AMCX), ended its Tuesday’s trading session with -3.62% loss, and closed at $73.78.
AMC Netoperates Inc. (“AMC Netoperates” or the “Company”) (AMCX) recently stated financial results for the second quarter ended June 30, 2015.
Second quarter net revenues raised 15.1%, or $79 million, to $601 million over the second quarter of 2014, led by 22.8% growth at National Netoperates which was partially offset by a decrease of $12 million at International and Other. Adjusted Operating Cash Flow (“AOCF”)2 totaled $191 million, an enhance of 21.9%, or $34 million, as compared to the preceding year period. National Netoperates AOCF raised 33.3% and International and Other AOCF reduced $11 million as compared to the preceding year period. Operating income was $159 million, an enhance of 22.7%, or $29 million, as compared to the preceding year period. The operating income enhance resulted from 33.9% growth at National Netoperates partially offset by an enhance of $13 million in operating loss at International and Other. As talk abouted in the “Other Matters” section of this release, results reflected the impact of the BBC AMERICA acquisition.
For the six months ended June 30, 2015, net revenues raised $223 million, or 21.3%, to $1.270 billion, AOCF raised $127 million, or 39.0%, to $451 million, and operating income raised $112 million, or 40.6%, to $390 million.
AMC Netoperates Inc. owns and operates various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Netoperates, and International and Other. The National Netoperates segment operates five distributed entertainment programming netoperates under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high-definition and standard-definition formats. This segment distributes its netoperates in the United States through cable and other multichannel video programming distribution platforms, counting direct broadcast satellite and platforms operated by telecommunications providers.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
