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A. Schulman: Substantial Risk Only One Month After Closing $800 Million Deal
2015-07-10 20:45:03| Chemicals - Topix.net
Disappointing Fiscal Q3 results and lower guidance are only the beginning; we expect more challenges ahead particularly related to Citadel acquisition and the highly-leveraged balance sheet. A. Schulman paid $800 million for Citadel Plastics and the transaction is expected to close in the current fiscal year; management expects $25 million in synergies from the deal.
Council asked to spend $5.5 million to preserve Mount Tabor reservoirs
2015-07-10 18:00:20| PortlandOnline
Jim Redden in the Portland Tribune, July 9, 2015
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Challenge for Bush, allies: How to spend $114 million
2015-07-10 15:20:14| Airlines - Topix.net
For the second time this week, a Southwest Airlines plane has aborted a takeoff at Chicago's Midway International Airport because of engine trouble. For the second time this week, a Southwest Airlines plane has aborted a takeoff at Chicago's Midway International Airport because of engine trouble.
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Ashford Prime Completes Acquisition of the Award-Winning Bardessono Hotel and Spa for $85 Million
2015-07-10 11:36:07| Jewelry - Topix.net
HFTP is the premier global professional association serving members in hospitality careers. Since 1952, HFTP's mission has been to provide members with superior networking opportunities, industry-leading events, comprehensive certification programs, unique educational opportunities, and other essential resources for professional growth.
Ashford Prime Completes Acquisition of the Award-Winning Bardessono Hotel and Spa for $85 Million
2015-07-10 11:36:06| Jewelry - Topix.net
The acquisition was funded with proceeds from the Company's recently completed preferred stock offering, cash on hand and $2.0 million in key money provided by Ashford Inc. The property will be managed by Remington Lodging who will work with the existing management team to facilitate a smooth transition to maintain the hotel's highest standards of excellence. The purchase price for the Bardessono Hotel and Spa, after adjusting for the key money, represents an estimated forward 12-month cap rate of 5.2% on net operating income and an estimated forward 12-month EBITDA multiple of 16.5x.
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