Mergers, Upcoming Earnings and Conference Calls, Product Rebranding, and Completion of Acquisitions - Analyst Notes on BRE, CME Group, US Bancorp, NASDAQ OMX, and SunTrust
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NEW YORK, April 4, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding BRE Properties Inc. (NYSE: BRE), CME Group Inc. (NASDAQ: CME), US Bancorp (NYSE: USB), NASDAQ OMX Group Inc. (NASDAQ: NDAQ), and SunTrust Banks Inc. (NYSE: STI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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BRE Properties Inc. Analyst Notes
On April 1, 2014, BRE Properties Inc. (BRE) announced the completion of its merger with Essex Property Trust, Inc. (Essex) to form a new entity with equity market capitalization of approximately $11.1 billion and a total market capitalization of approximately $16.2 billion. Following the deal, shares of BRE common stock were delisted after the close of trading on April 1, 2014, while shares of Essex common stock will continue to trade under the existing ticker symbol "ESS" on NYSE. According to the terms of the merger agreement, each share of BRE's common stock has been converted into 0.2971 newly issued shares of Essex common stock plus $7.18 in cash, without interest. The Company informed that its shareholders hold 37% of the combined company, while former Essex stockholders hold the remaining 63%. The full analyst notes on BRE Properties Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04042014/BRE/report.pdf
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CME Group Inc. Analyst Notes
On March 19, 2014, CME Group Inc. (CME Group) announced that the Company plans to release its Q1 2014 results on May 1, 2014, before the market opens. Following the result release, the Company will hold a conference call at 7:30 a.m. CT. The Company informed that the live audio webcast of the conference call will be under the Investor Relations section on its website and a replay of the call will also be available at the same location. According to Zacks Investment Research data, the consensus EPS forecast for Q1 2014 is $0.84. The full analyst notes on CME Group Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04042014/CME/report.pdf
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U.S. Bancorp Analyst Notes
On April 1, 2014, U.S. Bank, the banking subsidiary of financial services giant U.S. Bancorp, announced a new brand name for its small business payment products - U.S. Bank Business Edge™. "Our new brand name reinforces the many ways we're working to give small businesses an advantage," said Cathi Stanton, Senior Vice President of U.S. Bank Retail Payment Solutions. The Bank also announced addition of a new product to the Business Edge family: the U.S. Bank Business Edge Select Rewards card. According to the Company, the new card allows its owners to earn triple points on net spending by choosing one of three categories, which are: day-to-day expenses, automotive, or travel and entertainment, and one point for each dollar in net spending for everything else. In addition, the card provides certain other benefits which include, no annual fee, no cap on points earned and 0% APR for nine statement cycles on purchases. The full analyst notes on U.S. Bancorp are available to download free of charge at:
http://www.AnalystsReview.com/04042014/USB/report.pdf
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NASDAQ OMX Group Inc. Analyst Notes
On March 31, 2014, NASDAQ OMX Group Inc. (NASDAQ OMX) announced that the Company plans to release its Q1 2014 results on April 24, 2014. Following the earnings release, the Company's CEO Robert Greifeld and CFO Lee Shavel will hold a conference call at 8:00 a.m. ET. The Company informed that the webcast of the conference call will be available through the Investor Relations section of the Company's website, while an audio replay will be available later on the same location. According to Zacks Investment Research data, the consensus EPS forecast for Q1 2014 is $0.71. The full analyst notes on NASDAQ OMX Group Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04042014/NDAQ/report.pdf
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SunTrust Banks Inc. Analyst Notes
On April 1, 2014, SunTrust Robinson Humphrey (STRH), the corporate and investment banking division of SunTrust Banks Inc. (SunTrust), announced that it has acquired Houston-based Lantana Oil & Gas Partners, a leading acquisition and divestiture firm in the exploration and production sector. The Company informed that the transaction closed on March 31, 2014. The terms of the transaction were not disclosed by the Company. The Company further informed that the new company will be renamed as Lantana Energy Advisors, to be led by Gerry O'Meara, Head of M&A at STRH. The full analyst notes on SunTrust Banks Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04042014/STI/report.pdf
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