|Bid||53.44 x 1200|
|Ask||53.45 x 1400|
|Day's Range||53.32 - 53.69|
|52 Week Range||38.70 - 53.69|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||17.79|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||4.20 (7.87%)|
|1y Target Est||47.63|
Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A, Euronext: BAMA) and Oaktree Capital Group, LLC (OAK) (“Oaktree”) today announced the immediate commencement of the election period and the commencement of the mailing of forms of election to registered holders of Oaktree Class A common units (“Class A units”) and holders of limited partnership units in Oaktree Capital Group Holdings L.P. whose units will be exchanged for equity interests in Oslo Holdings LLC (“SellerCo units”). At least five business days prior to the Election Deadline, Brookfield and Oaktree will issue another joint press release announcing the exact date of the Election Deadline. Brookfield and Oaktree continue to expect that the transactions contemplated by the merger agreement will close during the third quarter of 2019, subject to receipt of all required governmental approvals and other conditions necessary to complete the mergers.
New brand management platform WHP Global has acquired classic American clothing label Anne Klein from Premier Brands Group as its first asset. Premier will continue to act as a “long-term licensee” for some Anne Klein categories, per Retail Dive. The Anne Klein brand currently generates more than $700 million in global retail sales, per a news release.
Moody's Investors Service ("Moody's") downgraded Dayco Products, LLC's ("Dayco") Corporate Family Rating (CFR) to B3 from B2, its Probability of Default Rating (PDR) to B3-PD from B2-PD and the senior secured term loan rating to B3 from B2. The downgrade reflects Moody's expectations that the pressures in the aftermarket from select retailers along with a potential softer automotive and industrial OE environment will continue to keep Dayco's debt-to-EBITDA leverage elevated in the 6.0x range and will result in weak free cash flow in the next 12 to 18 months.
Zacks.com featured highlights include: Guess?, Denny's, FTI Consulting, Oaktree Capital and RenaissanceRe
During the next three years, IMC will spend $280 million on its markets, which includes Atlanta's AmericasMart.
Moody's Investors Service, ("Moody's") has assigned a B2 rating to Star West Generation LLC's (Star West or Project or Borrower) new senior secured credit facilities, which consists of an approximately $64.5 million term loan B due in September 2020 and a $50 million revolving credit facility also due in September 2020. The outlook is stable.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of March 31. In this […]