Notes Issue, Trading Hours Revision, Investments, Divestiture, and Earnings Release Schedule - Research Reports on Simon, CME, Blackstone, ARCP and Invesco
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NEW YORK, October 13, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Simon Property Group Inc. (NYSE: SPG), CME Group Inc. (NASDAQ: CME), The Blackstone Group L.P. (NYSE: BX), American Realty Capital Properties, Inc. (NASDAQ: ARCP) and Invesco Ltd. (NYSE: IVZ). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7114-100free.
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Simon Property Group Inc. Research Reports
On October 7, 2014, Simon Property Group Inc. (Simon) announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has become the first U.S. Real Estate Investment Trust (REIT) to initiate a global unsecured commercial paper note program. As per the terms of the program, the Operating Partnership may issue these notes, denominated in U.S. dollars, Euros and other currencies, as and when necessary. These notes can be issued for a maximum aggregate amount outstanding at any time of $500 million, or the non-U.S. equivalent thereof. According to Simon, the Operating Partnership will use the issue proceeds for general corporate purposes. The full research reports on Simon are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/SPG/report.pdf
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CME Group Inc. Research Reports
On October 3, 2014, CME Group Inc. (CME), announced that it will reduce electronic trading hours of CME Livestock futures and options products in response to the customer feedback. The new timings are scheduled to take effect from October 27, 2014, subject to the approval from U.S. Commodity Futures Trading Commission. As per the revised timings, trading hours for the CME Lean Hogs, Live Cattle and Feeder Cattle futures and options will run from 9:05 a.m. to 4:00 p.m. CT on Mondays, 8:00 a.m. to 4:00 p.m. CT from Tuesdays to Thursdays, and 8:00 a.m. to 1:55 p.m. CT on Fridays. "Over the past several months, we have been engaging with a broad cross section of customers and industry participants, including a formal survey in August, and based on that feedback we have determined we should reduce electronic trading hours for our livestock products," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME. The full research reports on CME are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/CME/report.pdf
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The Blackstone Group L.P. Research Reports
On October 6, 2014, The Blackstone Group L.P. (Blackstone) announced the formation of Windy Cove Energy, LLC (Windy Cove) and a concurrent commitment to invest up to $700 million of equity in it to acquire and develop Carbon Dioxide Enhanced Oil Recovery (CO2 EOR) assets in the U.S. The Houston, Texas-based, Windy Cove intends to be a leading producer of oil generated from CO2 EOR, a proven technology for recovering oil reserves from mature oil fields. Blackstone informed that Chuck Fox, who previously served as Vice President of Kinder Morgan CO2 Company, is the Founder, President and CEO of Windy Cove. Angelo Acconcia, a Managing Director of Blackstone Energy Partners who oversees their oil and gas investments said, "We are very excited to partner with Chuck and his team in this investment. The Windy Cove management team has a very strong technical and operational track record of managing large and complicated projects to optimize the long-term production and return on capital for their partners." The full research reports on Blackstone are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/BX/report.pdf
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American Realty Capital Properties, Inc. Research Reports
On October 1, 2014, American Realty Capital Properties, Inc. (ARCP) announced an agreement to sell its private capital management business, Cole Capital, to RCS Capital Corp. (RCAP) for at least $700 million. Through this deal, ARCP expects to substantially reduce its general and administrative costs, while maintaining a long-term steady stream of fee income from its role as sub-advisor to the Managed Funds. As per the agreement, ARCP will receive $200 million in cash, which it plans to use to repay outstanding indebtedness, 8.39 million shares of RCAP's Class A common stock or $200 million in cash at the election of RCAP, and $300 million of unsecured debt. In addition, ARCP could earn up to an additional $130 million from the transaction based upon Cole Capital's 2015 EBITDA. Also, in light of the transaction, ARCP has revised its 2014 Adjusted Funds from Operations (AFFO) guidance to a range of $1.06 to $1.08 per share. The transaction is expected to close during Q4 2014. The full research reports on ARCP are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/ARCP/report.pdf
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Invesco Ltd. Research Reports
According to Invesco Ltd.'s (Invesco) Investor Relations website, the Company plans to release its Q3 2014 financial results on October 30, 2014 at 09:00 a.m. EST. On average, analysts polled by Bloomberg Businessweek expect the Company's EPS to rise to $0.63 in Q3 2014 from $0.55 in Q3 2013. Analyst estimates typically exclude one-time items. The full research reports on Invesco are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/IVZ/report.pdf
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