Mergers and Acquisitions, Annual Meeting Results, and Supplier Policy Clarification - Analyst Notes on MasterCard, Genworth, SunTrust, ARCP and Visa
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NEW YORK, May 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding MasterCard Inc. (NYSE: MA), Genworth Financial Inc. (NYSE: GNW), SunTrust Banks Inc. (NYSE: STI), American Realty Capital Properties Inc. (NASDAQ: ARCP) and Visa Inc. (NYSE: V). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2746-100free.
MasterCard Inc. Analyst Notes
On May 19, 2014, MasterCard Inc. (MasterCard) announced that the Company has entered into an agreement with Opus Software Solutions Pvt. Ltd. to acquire its subsidiary, ElectraCard Services Private Limited, (ECS), a leading global provider of software solutions and processing services for electronic payment and card systems. The Company previously held a minority stake in ECS. The Company expects to close the transaction in Q2 2014. The Company informed that the recent acquisition of ECS will expand its product portfolio and will add up to its existing turnkey issuing processing, acquiring processing and switching solutions. Commenting on the acquisition, Vicky Bindra, President, Asia/Pacific, Middle East and Africa, MasterCard, said, "The acquisition of ECS strengthens our capabilities and enables us to offer a true end-to-end solution for our customers. ECS's expertise complements MasterCard's products and services, making us an even stronger player in the field of processing and switching." The full analyst notes on MasterCard are available to download free of charge at:
http://www.analystsreview.com/2746-MA-21May2014.pdf
Genworth Financial Inc. Analyst Notes
On May 15, 2014, Genworth Financial Inc. (Genworth) announced the results of its 2014 annual meeting of stockholders. According to the Company, all the ten Directors that were nominated in 2014 annual meeting were elected. In addition, the stockholders also approved the advisory vote on named executive officer compensation and ratified the selection of KPMG LLP as Genworth's independent registered public accounting firm for 2014. Further, the stockholders disapproved the proposal advocating increased disclosure of political contributions. The full analyst notes on Genworth are available to download free of charge at:
http://www.analystsreview.com/2746-GNW-21May2014.pdf
SunTrust Banks Inc. Analyst Notes
On May 16, 2014, SunTrust Banks Inc. (SunTrust) issued a release informing that Benham Real Estate's property listings with the Sun Trust Banks have been reinstated, while also clarifying that its business decisions are not influenced by political factors. SunTrust stated that the decision to pull-off ties with Benham Real Estate was not taken by the Bank, but by a third party vendor who has been managing certain of its residential assets since mid-2013. "While we do not publicly comment on specific vendor relationships, we don't make choices on suppliers or base business decisions on political factors, nor do we direct our third party vendors to do so," said the Bank in a statement. "We contacted our third party supplier who works with Benham Real Estate regarding our non-discriminatory policies. As of this afternoon, the issue is resolved and the real estate listings have been reinstated," it added. The full analyst notes on SunTrust are available to download free of charge at:
http://www.analystsreview.com/2746-STI-21May2014.pdf
American Realty Capital Properties Inc. Analyst Notes
On May 16, 2014, American Realty Capital Properties Inc. (ARCP) and Cole Credit Property Trust, Inc. (CCPT) jointly announced that the ARCP has successfully completed its tender offer to purchase all of the outstanding shares of common stock of CCPT. The Company informed that on the expiration of offer on May 16, 2014 at 5:00 p.m. New York City Time, a total of approximately 7,735,068 shares representing approximately 77% of CCPT's outstanding shares of common stock were validly tendered in the offer. ARCP, through its wholly-owned subsidiary, will make payment for the shares tendered in accordance with the terms of the offer. In addition, the Company plans to merge its wholly-owned subsidiary with and into CCPT. In the event of merger, each outstanding share of CCPT not tendered and purchased in the offer will be entitled to receive the same price of $7.25 per share, as paid in offer. The full analyst notes on ARCP are available to download free of charge at:
http://www.analystsreview.com/2746-ARCP-21May2014.pdf
Visa Inc. Analyst Notes
On May 16, 2014, Visa Inc.'s (Visa) stock moved up 1.14% to end the trading session at $209.81. Shares in Visa opened the session at $207.59 and oscillated in the range of $207.59 - $210.09. The stock has a 52-week high of $235.50 and a 52-week low of $170.99. Over the past twelve months, the stock has returned 13.67%, outperforming the Dow Jones Industrial Average that returned 7.40% over the same time period. The full analyst notes on Visa are available to download free of charge at:
http://www.analystsreview.com/2746-V-21May2014.pdf
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