On Wednesday, New Media Investment Group Inc (NYSE:NEWM)’s shares declined -3.35% to $17.58.
New Media Investment Group Inc (NEWM) declared that it has reached a contract to purchase all of the publishing operations and assets of The Columbus Dispatch. The Columbus Dispatch has an extensive history serving Central Ohio, and presently has a daily and Sunday circulation of over 130,000 and 235,000, respectively.
Michael E. Reed, New Media’s President and CEO commented, “We are very excited to declare the projected transaction to acquire The Columbus Dispatch, together with its weekly newspapers, magazines and distribution company. The newspaper, first published in 1871, is the sole daily newspaper in its market, and is the trusted source for comprehensive local news, politics, sports and entertainment coverage across Central Ohio. The newspaper has a deep rooted history providing quality journalism and has been named Best Daily Newspaper in Ohio by the Society of Professional Journalists multiple times, counting in three of the last four years.
New Media intends to fund the acquisition with a combination of cash on the balance sheet and an incremental $25.0 million on the Company’s existing term loan. New Media anticipates the deal will close in the second quarter of 2015 subject to customary closing conditions; however, there can be no assurance as to the timing or the occurrence of the closing. Terms of the deal were not revealed.
New Media Investment Group Inc. owns, operates, and invests in local media assets in the United States. The company’s principal products comprise 93 daily newspapers with total paid circulation of about 842,000; 256 weekly newspapers with total paid circulation of about 297,000 and total free circulation of about 741,000; 103 shoppers with total circulation of about 2.6 million; 379 locally focused Websites and 360 mobile sites with about 119 million page views per month; 6 yellow page directories with a distribution of about 430,000 that covers a population of about 1.1 million people; and propel digital marketing services.
Unilife Corp (NASDAQ:UNIS)’s shares dropped -1.89% to $2.08.
Unilife Corp (UNIS) a developer, manufacturer and supplier of injectable drug delivery systems, declared that its Chairman and CEO, Mr. Alan Shortall, has been named the Ernst and Young (“EY”) Entrepreneur Of The Year 2015 in Greater Philadelphia for Manufacturing and Transport.
The national and regional awards program, now in its 29th year, recognizes entrepreneurs who demonstrate excellence and extraordinary success with their vision, leadership and personal commitment to their businesses and communities. Mr. Shortall is now eligible for the EY Entrepreneur of the Year Overall National Award winner for within the same category, as well as the World Entrepreneur of the Year Award in 2016.
Unilife Corporation designs, manufactures, and supplies injectable drug delivery systems in the United States and internationally. The company offers Unifill, a pre-filled syringe with integrated, automatic, and user-controlled retraction; Unifill Finesse, an integrated, automatic, and user-controlled retraction with standard plunger seal and plunger rod; Unifill Select, which allows an end-user to select and attach a needle at the time of injection; Unifill Nexus that is equipped with an integrated luer adapter to provide connectivity with needleless luer access devices; and Unifill Allure, which combines universal luer connectivity with automatic, user-controlled needle retraction.
At the end of Wednesday’s trade, Hasbro, Inc. (NASDAQ:HAS)‘s shares dipped -0.79% to $78.07.
Hasbro, Inc. (HAS) declared that it will webcast its second quarter 2015 earnings conference call on Monday, July 20, 2015 at 8:30 a.m. Eastern Time, following the release of Hasbro’s financial results.
Hasbro, Inc., together with its auxiliaries, provides children’s and family leisure time products and services worldwide. The company’s product offerings comprise various toys comprising boys action figures, vehicles and playsets, girls toys, electronic toys and games, plush products, preschool toys and infant products, electronic interactive products, creative play, and toy-related specialty products.
Molina Healthcare, Inc. (NYSE:MOH), ended its Wednesday’s trading session with 1.70% gain, and closed at $73.13.
Molina Healthcare, Inc. (MOH) and Accountable Care Chicago, LLC, also known as MyCare Chicago, jointly declared recently that Molina Healthcare of Illinois, Inc., a wholly owned partner of Molina Healthcare, Inc., has reached a definitive agreement to acquire certain assets of the Medicaid business of MyCare Chicago. As a part of the transaction, Molina Healthcare of Illinois will receive the right to assume MyCare Chicago’s Medicaid members in Cook County, Illinois, as well as certain assets related to the operation of the Medicaid business. Molina Healthcare of Illinois will fund the transaction with accessible cash on hand. Subject to regulatory approvals and the satisfaction of other closing conditions, the closing of the transaction is predictable to occur during the fourth quarter of 2015.
Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program. The company operates through two segments, Health Plans and Molina Medicaid Solutions. The Health Plans segment operates health plans in 11 states. As of December 31, 2014, this segment served about 2.6 million members who were eligible for Medicaid, Medicare, and other government-sponsored health care programs.
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