New Appointments, Acquisition Agreements, News of Demise, and Technical Updates - Analyst Notes on Prudential Financial, KKR, BofI Holding, Associated Estates Realty and First Bancorp
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NEW YORK, June 6, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Prudential Financial, Inc. (NYSE: PRU), Kohlberg Kravis Roberts & Co. (NYSE: KKR), BofI Holding Inc. (NASDAQ: BOFI), Associated Estates Realty Corp. (NYSE: AEC) and First Bancorp (NYSE: FBP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3423-100free.
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Prudential Financial, Inc. Analyst Notes
On June 3, 2014, Prudential Financial, Inc. (Prudential Financial) announced that Mark Finkelstein will join the Company as its Senior Vice President and assume the position of Head of Investor Relations, in the latter part of 2014, following a transition process. According to the Company, Finkelstein will succeed Eric Durant, who is scheduled to retire at a later date. Prudential Financial Vice Chairman, Mark Grier, commented, "Mark brings broad experience in investor communications and analysis of insurance companies. I know we will benefit greatly from his insights and valuable perspective based on the years he has spent closely analyzing Prudential, other insurers and financial services companies in various capacities." The full analyst notes on Prudential Financial are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/PRU/report.pdf
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Kohlberg Kravis Roberts & Co. Analyst Notes
On June 3, 2014, Kohlberg Kravis Roberts & Co. (KKR) announced that it has signed a definitive agreement for the acquisition of Internet Brands, from Hellman & Friedman and JMI Equity. According to the Company, it is making its investment in partnership with Internet Brands CEO Bob Brisco and the Internet Brands management team, who will hold a minority stake in the company and continue to run the business. Commenting on the deal, Herald Chen, Member of KKR and Co-Head of the Company's Technology Investing Team, stated, "Internet Brands is at an exciting inflection point of growth as the company transitions from a portfolio of web assets to a vertically integrated provider of media and client software solutions. We look forward to partnering with the team and supporting the company in its next phase of growth." The full analyst notes on KKR are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/KKR/report.pdf
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BofI Holding Inc. Analyst Notes
On June 2, 2014, BofI Holding Inc. (BofI) announced the passing of Jerry F. Englert, a Company Founder and member of the Company Board of Directors, on May 28, 2014. According to BofI, Englert served as President and CEO from July 1999 to October 2004, and for a decade (1999 to 2009), he served as Chairman of the Board of Directors. BofI Holding Chairman of the Board, Ted Allrich, along with President and CEO Greg Garrabrants, commented, "Jerry's profound commitment to the Company, his advice and unique style will be greatly missed. We have lost an irreplaceable friend and contributor. Our thoughts and deepest sympathy are with his family." The full analyst notes on BofI Holding are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/BOFI/report.pdf
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Associated Estates Realty Corp. Analyst Notes
On June 3, 2014, Associated Estates Realty Corp.'s (Associated Estates Realty) stock climbed 5.11%, and closed the day at $18.30 per share. Over the past three trading days, the Company's stock has advanced 6.46%, significantly beating the Dow Jones Industrial Average, which has gained 0.14% during the same time period. The full analyst notes on Associated Estates Realty are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/AEC/report.pdf
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First Bancorp Analyst Notes
On June 3, 2014, First Bancorp's stock moved up significantly by 5.88%, ending the day at $5.22 per share. Over the past one month however, the Company's stock has lost 2.43%. In comparison, the broader market index, S&P 500 has gained 2.29% over the same one month trading period. The full analyst notes on First Bancorp are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/FBP/report.pdf
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