Secondary Offer Pricing, Monthly Sales Report, Credit Facility Amendment, Notes Offering, and Appointments - Research Reports on Golar LNG, Gap, Las Vegas Sands, Lowe's and Viacom
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NEW YORK, September 10, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Golar LNG Ltd. (NASDAQ: GLNG), The Gap, Inc. (NYSE: GPS), Las Vegas Sands Corp. (NYSE: LVS), Lowe's Companies Inc. (NYSE: LOW) and Viacom, Inc. (NASDAQ: VIAB). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6348-100free.
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Golar LNG Ltd. Research Reports
On September 5, 2014, Golar LNG Ltd. (Golar LNG) announced the pricing of the previously announced secondary offering of c.27.8 million shares of its common stock by World Shipholding Ltd. (World Shipholding), principal shareholder of the Company, at a price to the public of $58.50 per share. World Shipholding also granted a 30-day option to the underwriters to purchase up to an additional c.4.2 million common shares. Golar LNG will not receive any proceeds from the sale of common shares by World Shipholding. The full research reports on Golar LNG are available to download free of charge at:
http://www.analystsreview.com/Sep-10-2014/GLNG/report.pdf
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The Gap, Inc. Research Reports
On September 4, 2014, The Gap, Inc. (Gap) announced that its net sales for August 2014 remained unchanged at $1.23 billion, compared with the year ago period. Gap's comparable sales for August 2014 were down 2% versus an increase of 2% last year. According to Bloomberg, analysts forecasted a 1.7% increase in Gap's comparable store sales for August 2014. Comparable stores sales at the Company's Gap Global stores and Banana Republic Global stores were down 6% and 2%, respectively, while Old Navy Global's comparable sales rose 2% in August 2014, compared with 1% growth in the year ago period. The Company also stated that Gap brand's August 2014 sales performance will likely put pressure on the brand's gross margins in September 2014. Gap's stock fell 4.16% to $44.65 on September 5, 2014. Gap informed that it will release September sales results on October 9, 2014. The full research reports on Gap are available to download free of charge at:
http://www.analystsreview.com/Sep-10-2014/GPS/report.pdf
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Las Vegas Sands Corp. Research Reports
On August 29, 2014, Las Vegas Sands Corp. (Las Vegas Sands) announced the completion of an amendment and restatement of its Marina Bay Sands Credit Facility. Commenting on the development, Las Vegas Sands Chairman and CEO Sheldon G. Adelson stated, "The amendment and restatement extends our maturities through the end of the decade, which enhances our balance sheet strength and financial flexibility, as well as our ability to increase the return of capital to shareholders." Sheldon further added, "Our unique convention-based Integrated Resort business model, coupled with our financial strength, represents a key competitive advantage as we pursue new Integrated Resort development opportunities around the globe." The full research reports on Las Vegas Sands are available to download free of charge at:
http://www.analystsreview.com/Sep-10-2014/LVS/report.pdf
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Lowe's Companies Inc. Research Reports
On September 4, 2014, Lowe's Companies Inc. (Lowe's) reported that it has agreed to sell $450 million of Floating Rate Notes due 2019, $450 million of 3.125% Notes due 2024, and $350 million of 4.250% Notes due 2044. Lowe's stated that net proceeds of $1.24 billion from this issue will be used for general corporate purposes. The offering is expected to close on September 10, 2014. On the same day, corporate bond issuance in the U.S. stood at $24.3 billion, making it the busiest session of the year so far, as investors continue to take advantage of low borrowing costs, according to an article on Bloomberg website. The full research reports on Lowe's are available to download free of charge at:
http://www.analystsreview.com/Sep-10-2014/LOW/report.pdf
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Viacom, Inc. Research Reports
On September 4, 2014, Viacom, Inc.'s subsidiary BET Networks announced the appointment of Kay Madati as Executive Vice President and Chief Digital Officer. In his new role, Madati will lead the teams responsible for all aspects of digital, social and mobile strategy and oversee operations, content creation, technology and product development across the suite of BET Network's digital platforms. Madati will report to Debra L. Lee, the Chairman and CEO of BET Networks, and will be based in Los Angeles. Most recently, Madati served as the Head of Entertainment and Media on the Global Marketing Solutions team at Facebook Inc. "We are thrilled to welcome Kay to the team, and look forward to his expertise and strategic leadership in the fast-paced world of digital and social media, as consumers continue to turn to BET to discover what's hot and what's next," said Debra L. Lee. The full research reports on Viacom are available to download free of charge at:
http://www.analystsreview.com/Sep-10-2014/VIAB/report.pdf
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