Senior Notes Offering, Acquisitions, Agreements, Application for Service Expansion, and Dividends - Analyst Notes on Avis Budget Group, WESCO, Henry Schein, Alaska Air Group and Dillard's
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NEW YORK, May 29, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Avis Budget Group Inc. (NASDAQ: CAR), WESCO International, Inc. (NYSE: WCC), Henry Schein, Inc. (NASDAQ: HSIC), Alaska Air Group, Inc. (NYSE: ALK) and Dillard's, Inc. (NYSE: DDS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3070-100free.
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Avis Budget Group Inc. Analyst Notes
On May 19, 2014, Avis Budget Car Rental, LLC, a wholly-owned subsidiary of Avis Budget Group Inc. (Avis Budget Group), completed an offering of $400 million aggregate principal amount of 5.125% senior notes due 2022. According to the Company, the proceeds of the offering will be used to redeem the remaining $395 million of its outstanding 8.25% senior notes due 2019. David B. Wyshner, Avis Budget Group Senior Executive Vice President and Chief Financial Officer said, "We are pleased to complete the refinancing of our 8.25% senior notes ahead of schedule and at a historically low rate." According to the Company, the newly-issued notes are senior unsecured obligations of Avis Budget Car Rental, LLC, were equally issued, and will be guaranteed by Avis Budget Group and some of its domestic subsidiaries on a senior basis. The full analyst notes on Avis Budget Group are available to download free of charge at:
http://www.analystsreview.com/CAR.pdf/Register
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WESCO International, Inc. Analyst Notes
On May 21, 2014, WESCO International, Inc. (WESCO) announced the acquisition of Hi-Line Utility Supply Company, and entered into a definitive agreement. According to the Company, closing of the agreement is expected to occur in the coming months, subject to customary closing conditions. According to the Company, Hi-Line Utility generates approximately $30 million in annual revenue, with its two branches located in Elgin, Illinois and Millbury, Massachusetts. Mr. John J. Engel, Chairman, President and CEO of WESCO said, "Hi-Line has an excellent reputation in the marketplace. The addition of Hi-Line augments WESCO's utility product and service offerings and strengthens our portfolio within utility and industrial end markets. This acquisition is expected to be accretive to earnings by approximately $0.03 per diluted share in the first year of operation." The full analyst notes on WESCO are available to download free of charge at:
http://www.analystsreview.com/WCC.pdf/Register
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Henry Schein, Inc. Analyst Notes
On May 21, 2014, Henry Schein, Inc. (Henry Schein) announced that its U.S. Medical business Henry Schein Medical has entered into a strategic agreement with athenahealth, Inc. (athenahealth). According to the Company, under the agreement, the two companies will help physicians operate highly-efficient and successful practices, and provide high-quality care through the delivery and use of athenahealth's athenaOne® suite of EHR, along with integrated revenue cycle management and patient communication services. Additionally, the two companies will work together to market these services to Henry Schein's customers. Dave McKinley, President, Henry Schein Medical said, "A forward-looking, open, cloud-based platform with a proven record of success is a great complement to the many technology-driven products and value-added services that we offer our customers. We look forward to working closely with athenahealth to offer this as one of the important set of services we provide." The full analyst notes on Henry Schein are available to download free of charge at:
http://www.analystsreview.com/HSIC.pdf/Register
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Alaska Air Group, Inc. Analyst Notes
On May 20, 2014, Alaska Airlines, a subsidiary of Alaska Air Group, Inc. (Alaska Air), announced submission of its application, seeking approvals to begin two new nonstop flights to service Portland, Oregon to Los Cabos and Puerto Vallarta in Mexico, to the U.S. Department of Transportation and the Mexico Direccion General de Aeronautica Civil (DGAC). According to the Company, the planned seasonal service will operate between Portland and Los Cabos from November 3, 2014 until April 27, 2015, and between Portland and Puerto Vallarta from November 4, 2014 until April 26, 2015. Joe Sprague, Senior Vice President of Communications and External Relations, Alaska Airlines said, "We're happy to expand our longtime flying to Mexico with new flights to these two popular leisure resorts for Rose City travelers, who can take advantage of our award-winning service and low fares for their adventures." The full analyst notes on Alaska Air Group are available to download free of charge at:
http://www.analystsreview.com/ALK.pdf/Register
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Dillard's, Inc. Analyst Notes
On May 21, 2014, the Board of Directors of Dillard's, Inc. (Dillard's) declared a cash dividend of $0.06 per share on the Class A and Class B common stock, payable as on August 4, 2014, to shareholders of record as of June 30, 2014. The full analyst notes on Dillard's are available to download free of charge at:
http://www.analystsreview.com/DDS.pdf/Register
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