Pricing of Public Offerings, Mergers, Development Agreements, Exceptional Ratings, and Conferences - Research Report on Kilroy Realty, Sterling Financial, Prologis, M&T, and Assured Guaranty

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Sep 17, 2013, 08:00 ET

NEW YORK, September 17, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Kilroy Realty Corp. (NYSE: KRC), Sterling Financial Corp. (NASDAQ: STSA), Prologis, Inc. (NYSE: PLD), M&T Bank Corporation (NYSE: MTB), and Assured Guaranty Ltd. (NYSE: AGO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Kilroy Realty Corp. Research Report

On September 12, 2013, Kilroy Realty Corp. (Kilroy Realty) announced that it has priced its public offering of 5.5 million shares of its common stock at $50.00 per share, and the underwriters for the public offering have been granted a 30-day option to purchase up to an additional 825,000 shares of common stock. The Company informed that it expects the offering to close on or about September 17, 2013, subject to customary closing conditions, generating net proceeds of c.$236.6 million. According to Kilroy Realty, the Company intends to use the net proceeds from the offering for general corporate purposes, which may include acquiring properties, funding developments and redevelopment projects, along with repaying indebtedness, which may include borrowings under the operating partnership's revolving credit facility and term loan facility. The Full Research Report on Kilroy Realty Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1995_KRC]

Sterling Financial Corp. Research Report

On September 11, 2013, Sterling Financial Corp. (Sterling Financial) announced that it has entered into a definitive agreement with Umpqua Holdings Corporation (Umpqua), pursuant to which, the Company will merge with and into Umpqua. According to the Company, the merger transaction worth c.$2.0 billion in total value, will result in the West Coast's largest community bank with expanded geographic reach, operating under the Umpqua Bank name and brand. Sterling Financial informed that post the completion of the transaction, the Company's President and CEO, Greg Seibly will join Umpqua Bank as co-president, with Umpqua Bank co-president Cort O'Haver serving in the same capacity. Commenting on the merger, Ray Davis, President and CEO of Umpqua, said, "Together, Umpqua and Sterling will create something unique in the financial services industry, an organization that offers the products and expertise of a large bank but delivers them with the personal service and commitment of a community bank. With our size, shared cultures and financial strength, our combined organization will be uniquely positioned to deliver value for our associates, customers, communities and shareholders. We look forward to starting the process of bringing our companies together." The Full Research Report on Sterling Financial Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b973_STSA]

Prologis, Inc. Research Report

On September 9, 2013, Prologis, Inc. (Prologis) announced that it has signed a build-to-suit agreement totaling 270,000 ft. with French cosmetics group, L'Oreal. According to the Company, the development, located at Prologis Park Vermars, will be occupied by L'Oreal's French consumer products division, L'Oreal France Grand Public. Commenting on the agreement, Philip Dunne, President, Prologis Europe, said, "We continue to see a scarcity of available Class-A space driving build-to-suit solutions in Europe and are delighted to strengthen our established relationship with L'Oreal. This transaction further highlights the strategic value of our land bank as well as our ability to meet specific logistics requirements." The Full Research Report on Prologis, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/00c4_PLD]

M&T Bank Corporation Research Report

On September 3, 2013, M&T Bank Corporation (M&T) announced that it has received an "Outstanding" Community Reinvestment Act (CRA) rating from the Federal Reserve Bank of New York. According to the M&T, the Company has earned the highest rating on each of its period CRA exams since 1982, with the 2013 rating reflecting the M&T's community development performance through June 30, 2013, and mortgage and small business lending performance through December 31, 2011. JoAnne Schwartz, Corporate CRA Officer for M&T, said, "M&T has a long history of providing financing and investments that help expand the supply of affordable housing, support the growth of small businesses, facilitate the purchase and rehabilitation of housing for our neighbors and generate economic activity in our communities. We get a tremendous return on these investments through the way they benefit our customers, our communities and the bank-M&T succeeds when our customers succeed." The Full Research Report on M&T Bank Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b8dd_MTB]

Assured Guaranty Ltd. Research Report

On September 12, 2013, Assured Guaranty Ltd. (Assured Guaranty) announced that its President and CEO, Dominic Frederico will present at the Keefe, Bruyette & Woods 2013 Insurance Conference, to be held at The Crowne Plaza Times Square in New York, on September 25, 2013, at 9:30 a.m. ET. According to the Company, a webcast of the presentation and a downloadable slideshow will be made available on its website, shortly before the commencement of the presentation. Additionally, a replay of the event will be also available, on the Company's website, for 60 days following the presentation. The Full Research Report on Assured Guaranty Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4b75_AGO]

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