New Restaurants, Merger Agreements, Contract Ratifications, Conference Calls, and New Services - Analyst Notes on Yum! Brands, Vitacost.com, Alaska Air Group, United Rentals and Avis Budget Group
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NEW YORK, July 7, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Yum! Brands, Inc. (NYSE: YUM), Vitacost.com, Inc. (NASDAQ: VITC), Alaska Air Group, Inc. (NYSE: ALK), United Rentals, Inc. (NYSE: URI) and Avis Budget Group, Inc. (NASDAQ: CAR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4493-100free.
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Yum! Brands, Inc. Analyst Notes
On July 1, 2014, Yum! Brands, Inc. (Yum! Brands) announced the opening of the first KFC in Bolivia with Franchise partner, DELOSUR, reflecting the Company's expansion in emerging markets. According to the Company, the new KFC restaurant is located in the popular Ventura Mall in Santa Cruz, and its menu features Original Recipe and Extra Crispy chicken, Hot Wings, the Original Recipe sandwich, Twisters, salads, sides, and many more. Yum! Brands stated that the restaurant features a contemporary, youthful design and seating for over 200 people. According to the Company, DELOSUR plans to open a second location in Santa Cruz later in summer of 2014, which will serve as the flagship KFC in Bolivia. Micky Pant, CEO, KFC said, "We're delighted to work with our franchisee to bring the delicious taste of KFC to consumers in Bolivia." The full analyst notes on Yum! Brands are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/YUM/report.pdf
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Vitacost.com, Inc. Analyst Notes
On July 2, 2014, Vitacost.com, Inc. (Vitacost.com) and Kroger Co. announced their definitive merger agreement, under which Kroger will purchase all outstanding shares of Vitacost.com for $8.00 per share in cash (or approximately $280 million), which represents a premium of 51% to Vitacost.com's closing share price on February 19, 2014. Under the terms of the agreement, which were unanimously approved by the Boards of Directors of both companies, Kroger will commence a tender offer for all of the outstanding shares of Vitacost.com common stock. The Company stated that any shares of Vitacost.com common stock not acquired in the tender offer promptly will be acquired by Kroger in a following merger. The Company informed the transaction, is expected to close in Q3 2014. The full analyst notes on Vitacost.com are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/VITC/report.pdf
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Alaska Air Group, Inc. Analyst Notes
On June 27, 2014, Horizon Air, a subsidiary of Alaska Air Group, Inc. (Alaska Air Group), and the International Brotherhood of Teamsters (IBT) announced that the airline's aircraft technicians and fleet service agents have ratified a new six-year contract. According to the Company, the contract, which has been ratified ahead of the amendable date of December 16, 2014, includes a ratification bonus, annual wage increases, and contract language enhancements. The Company stated that Horizon Air and IBT reached tentative agreement on the new contract in May 2014 and the ratified agreement for Horizon's technicians becomes amendable in 2020. The full analyst notes on Alaska Air Group are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/ALK/report.pdf
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United Rentals, Inc. Analyst Notes
On July 2, 2014, United Rentals, Inc. (United Rentals) announced that it will conduct its Q2 2014 conference call on Thursday, July 17, 2014, at 11:00 a.m. ET with CEO Michael Kneeland, CEO William Plummer, and Chief Operating Officer Matt Flannery. The Company added that the Q2 2014 earnings press release will be issued and posted on the website, following market close on Wednesday, July 16, 2014. United Rentals stated that the audio webcast of the call which will be available on the Company's website. The full analyst notes on United Rentals are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/URI/report.pdf
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Avis Budget Group, Inc. Analyst Notes
On June 30, 2014, Avis Budget Group, Inc. (Avis Budget Group) announced that customers of Avis Car Rental and Budget Car Rental can now rent portable Wi-Fi devices in twelve European countries including Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, Spain, Switzerland, and the United Kingdom. According to the Company, this service provides customers with access to 1GB of data per day, with a download speed of 21.6 Mbps, without fear of incurring roaming charges when traveling across Europe. The Company added that with the new service, customers can connect up to five devices at the same time. Avis Budget Group informed that the service can be rented by requesting it at the counter. The full analyst notes on Avis Budget Group are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/CAR/report.pdf
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