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The Ropes Recap: Mergers & Acquisitions Law News - Third Quarter 2015

2015-12-19 01:29:22| Agriculture - Topix.net

Delaware Court Awards $148 Million in Damages, as Fiduciaries' Bad Faith Conduct Prevented Stockholders from Obtaining a "Fairer Price" in Take-Private Transaction In a recent post-trial opinion, Vice Chancellor Laster of the Delaware Court of Chancery held David Murdock, the Chief Executive Officer and 40% stockholder of Dole Food Company, Inc. , and Michael Carter, a Dole director who also served as Dole's President, Chief Operating Officer, and General Counsel, liable for $148 million in damages for their conduct relating to the November 2013 transaction in which Murdock took Dole private for $13.50 per share.

Tags: news law third quarter

 

FedEx - Strong Upside This Quarter And More Upside Next Quarter

2015-12-18 04:50:43| Air Courier - Topix.net

FedEx Corp. reported $2.58 adjusted EPS versus our estimate of $2.59, as we wrote in our last piece , and versus the street's estimate of $2.51. The reason we had higher numbers than the street for Q2 was that we somewhat added back the one-time 50bp drag that hit the company in the previous quarter.

Tags: next strong quarter upside

 
 

AK Steel Provides Fourth Quarter 2015 Earnings Guidance

2015-12-18 03:11:28| Steel - Topix.net

AK Steel said that it expects to report a net loss of per diluted share for charges related to the previously announced temporary idling of the blast furnace and related steelmaking operations at its Works facility and an impairment charge on its investment in its discontinued insurance operations . The company said that it expects lower shipments in the fourth quarter compared to the third quarter principally due to the ongoing effects in the carbon steel spot market from what the company believes are unfairly traded steel imports.

Tags: steel fourth quarter guidance

 

Historic Stag Brewery closes to make way for new "riverside quarter"...

2015-12-17 05:24:33| Real Estate - Topix.net

Mortlake's historic Stag Brewery site has finally closed after centuries of producing beer, with a "new riverside quarter" set to be developed. Production has now ended and the 21-acre site, near Chiswick Bridge, has been sold to Reselton Properties, a subsidiary of City Developments of Singapore.

Tags: make quarter historic closes

 

Here's another sign that the iPhone could have a weak quarter...

2015-12-17 04:40:12| Electronics - Topix.net

According to market-research firm Stifel, Apple supplier Jabil Circuit has lowered its guidance for its current quarter, which ends in February 2016. According to the note, Jabil's revenue forecast implies a 23% sequential decline in its Diversified Manufacturing Services segment, the unit that's largely responsible for making the iPhone's casings.

Tags: sign quarter weak iphone

 

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