New Leaderships, Statement Release on Rumors, New Hotels, Conversion Rate Update, and Term Loans - Analyst Notes on Charter, Sysco, Marriott, Omnicom and Panera Bread
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NEW YORK, June 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Charter Communications, Inc. (NASDAQ: CHTR), Sysco Corporation (NYSE: SYY), Marriott International Inc. (NASDAQ: MAR), Omnicom Group Inc. (NYSE: OMC) and Panera Bread Company (NASDAQ: PNRA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3993-100free.
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Charter Communications, Inc. Analyst Notes
On June 16, 2014, Charter Communications, Inc. (Charter) and Comcast Corporation (Comcast) announced that Matthew Siegel, current Time Warner Cable SVP and Treasurer, will assume the position of Chief Financial Officer of SpinCo, the new cable company that will be spun off from Comcast upon the completion of the merger between Comcast and Time Warner Cable, and the transactions between Comcast and Charter. The Company stated that Siegel will continue to serve in his current position until the closing of the merger between Comcast and Time Warner Cable. Michael Willner, who will serve as CEO of SpinCo said, "Matt's background, expertise in finance and knowledge of the cable industry make him a natural choice to serve as SpinCo CFO. I have known Matt for many years and he is the ideal leader to oversee the financial operations of the new company. I look forward to working with him again." The full analyst notes on Charter are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/CHTR/report.pdf
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Sysco Corporation Analyst Notes
On June 16, 2014, Sysco Corporation (Sysco) released the statement of its President and CEO, Bill DeLaney, regarding a recent report that contained rumors about the status of the Federal Trade Commission's review of the proposed Sysco-US Foods merger. Mr. DeLaney said, "In light of this recent misleading report, it's important to convey that Sysco continues to cooperate closely with the Federal Trade Commission in its review of the proposed merger of Sysco and US Foods. We are engaged in a productive dialogue with the FTC, and the review is proceeding as expected. We continue to believe that the Commission, once it finishes its investigation, will conclude that our industry is, and will continue to be, fiercely competitive. Our proposed merger will benefit customers and help us become more efficient in this rapidly evolving marketplace." The full analyst notes on Sysco are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/SYY/report.pdf
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Marriott International Inc. Analyst Notes
On June 16, 2014, Marriott Hotels, the signature brand of Marriott International Inc. (Marriott), announced the opening of the Company's second hotel in Siberia and its fifteenth in Russia, the Novosibirsk Marriott Hotel on Lenin Square in Western Siberia. According to the Company, the new hotel features 175 spacious and well-designed rooms equipped with large flat screen televisions and high speed internet. Aside from the extensive leisure facilities including a large indoor pool, fitness centre and Turkish Hammam, the executive guestrooms also have access to the 24/7 executive lounge where breakfast, drinks and snacks will be served throughout the day, while cocktails and canapés will be served in the evening. Marriott added that the hotel houses a variety of bars and restaurants, as well as six meeting rooms with 480-square meter of space to accommodate over 450 people, perfect for events and special occasions. The full analyst notes on Marriott are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/MAR/report.pdf
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Omnicom Group Inc. Analyst Notes
On June 13, 2014, Omnicom Group Inc. (Omnicom) and Omnicom Capital Inc., its wholly owned subsidiary, announced that the conversion rate for both Companies' Zero Coupon Zero Yield Convertible Notes due 2032 was adjusted pursuant to the terms of the indenture that governs the notes. Omnicom reported that beginning on June 13, 2014, the new conversion rate is 18.463 shares of the Company's common stock per $1,000 principal amount of the notes, from the previous conversion rate of 18.373 shares. The Company stated that the notice of the conversion rate adjustment was sent to bondholders and Deutsche Bank Trust Company Americas, the trustee, in accordance with the terms of the indenture. The full analyst notes on Omnicom are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/OMC/report.pdf
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Panera Bread Company Analyst Notes
On June 12, 2014, Panera Bread Company (Panera Bread) announced that it has secured a five-year $100 million term loan from Bank of America, Wells Fargo, and TD Bank, in which proceeds will be used for general corporate purposes, including various growth initiatives such as the rollout of Panera 2.0. Roger Matthews, Chief Financial Officer of Panera Bread said, "This modest amount of debt is the next logical step in the evolution of our thinking around capital structure. As we continue to grow our store base, invest in expanded growth opportunities and return capital to shareholders through consistent share repurchase, we expect this debt should allow us to achieve a range of objectives for shareholders. However, nothing has changed in our commitment to maintain modest leverage on the balance sheet as well as significant financial capacity to be opportunistic." The full analyst notes on Panera Bread are available to download free of charge at:
http://www.analystsreview.com/Jun-23-2014/PNRA/report.pdf
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