Content about Financial economics

April 15, 2014

Safeway on Monday completed the distribution to its stockholders of 37.8 million shares of Class B common stock of Blackhawk Networks Holdings owned by Safeway.

PLEASANTON, Calif. — Safeway on Monday completed the distribution to its stockholders of 37.8 million shares of Class B common stock of Blackhawk Networks Holdings owned by Safeway. After the completion of the distribution, Safeway no longer owns any shares of Class B common stock of Blackhawk.

April 9, 2014

Safeway on Tuesday announced the final distribution ratio for the previously announced special stock dividend to its stockholders of all of the shares of Class B common stock of Blackhawk Network Holdings held by Safeway.

PLEASANTON, Calif. — Safeway on Tuesday announced the final distribution ratio for the previously announced special stock dividend to its stockholders of all of the shares of Class B common stock of Blackhawk Network Holdings held by Safeway. 

Safeway stockholders will receive 0.164291 of a share of Blackhawk Class B common stock for every share of Safeway common stock held as of the close of business on April 3, 2014.

April 4, 2014

IMS Health Holdings on Thursday announced the pricing of its initial public offering of 65 million shares of its common stock at a price to the public of $20 per share, including 52 million shares to be sold by IMS Health and 13 million shares to be sold by selling shareholders.

DANBURY, Conn. — IMS Health Holdings on Thursday announced the pricing of its initial public offering of 65 million shares of its common stock at a price to the public of $20 per share, including 52 million shares to be sold by IMS Health and 13 million shares to be sold by selling shareholders. In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 9.75 million shares of common stock at the public offering price, less underwriting discounts and commissions.  

April 1, 2014

Shiseido Co. — a Japanese cosmetics manufacturer whose brands include Global Shiseido, bareMinerals and Nars — has chosen to have its American Depositary Receipts trade on OTCQX, the OTC Markets Group has announced.

NEW YORK — Shiseido Co. — a Japanese cosmetics manufacturer whose brands include Global Shiseido, bareMinerals and Nars — has chosen to have its American Depositary Receipts trade on OTCQX, the OTC Markets Group has announced.

Shiseido begins trading on April 1 on OTCQX International Premier, a segment of the OTCQX marketplace reserved for non-U.S. companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors.  

March 27, 2014

Revlon, the Entertainment Industry Foundation and Lilly Tartikoff have announced the 21st annual EIF Revlon Run/Walk for Women. Revlon brand ambassador Emma Stone will host the 2014 event in New York on May 3, and Revlon brand ambassador Halle Berry, along with Christina Applegate, will host in Los Angeles on May 10.

LOS ANGELES — Revlon, the Entertainment Industry Foundation and Lilly Tartikoff have announced the 21st annual EIF Revlon Run/Walk for Women. Revlon brand ambassador Emma Stone will host the 2014 event in New York on May 3, and Revlon brand ambassador Halle Berry, along with Christina Applegate, will host in Los Angeles on May 10.

March 25, 2014

Safeway on Monday announced that its board of directors declared a special stock dividend to its stockholders of all of the 37.8 million shares of Class B common stock of Blackhawk Network Holdings owned by Safeway, representing approximately 94.2% of the total outstanding shares of Blackhawk's Class B common stock and approximately 72% of the total number of shares of Blackhawk common stock of all classes outstanding.

PLEASANTON, Calif. — Safeway on Monday announced that its board of directors declared a special stock dividend to its stockholders of all of the 37.8 million shares of Class B common stock of Blackhawk Network Holdings owned by Safeway, representing approximately 94.2% of the total outstanding shares of Blackhawk's Class B common stock and approximately 72% of the total number of shares of Blackhawk common stock of all classes outstanding. 

March 6, 2014

At the AmerisourceBergen annual meeting of stockholders here on Thursday, company stockholders elected 10 directors to serve for a one-year term, including: Steven Collis, Douglas Conant, Richard Gochnauer, Richard Gozon, Lon Greenberg, Edward Hagenlocker, Jane Henney, Kathleen Hyle, Michael Long and Henry McGee.

NAPLES, Fla. — At the AmerisourceBergen annual meeting of stockholders here on Thursday, company stockholders elected 10 directors to serve for a one-year term, including: Steven Collis, Douglas Conant, Richard Gochnauer, Richard Gozon, Lon Greenberg, Edward Hagenlocker, Jane Henney, Kathleen Hyle, Michael Long and Henry McGee. 

During the meeting, AmerisourceBergen's president and CEO Steven Collis gave an overview of the company's activities and its results of operations from fiscal year 2013 and the first fiscal quarter of 2014.

March 6, 2014

Cerberus Capital Management is attempting to lock down a deal to secure Safeway as part of an acquisition that could exceed $9 billion, The Wall Street Journal reported Wednesday.

NEW YORK — Cerberus Capital Management is attempting to lock down a deal to secure Safeway as part of an acquisition that could exceed $9 billion, the Wall Street Journal reported Wednesday

March 4, 2014

Norwest Equity Partners on Monday announced that it has acquired Apothecary Products from Terry Noble, founder and CEO of Apothecary.

MINNEAPOLIS — Norwest Equity Partners on Monday announced that it has acquired Apothecary Products from Terry Noble, founder and CEO of Apothecary. The transaction closed Feb. 28, 2014; financial terms were not disclosed.

Apothecary offers its customers a one-stop-shop solution with both over-the-counter consumer health products and behind-the-counter pharmacy supplies, spanning across three categories, including pharmacy supply, medication management and home health care.

February 18, 2014

Credit Suisse on Tuesday speculated that Safeway may be considering either a sale or acquisition.

NEW YORK — Credit Suisse on Tuesday speculated that Safeway may be considering either a sale or acquisition. 

February 10, 2014

Walgreens on Monday announced it is extending through April 15 its program to provide medications to newly insured Americans enrolled under the Affordable Care Act, who have difficulty using their new insurance coverage because they haven't received a plan identification number yet from their insurer.

DEERFIELD, Ill. — Walgreens on Monday announced it is extending through April 15 its program to provide medications to newly insured Americans enrolled under the Affordable Care Act, who have difficulty using their new insurance coverage because they haven't received a plan identification number yet from their insurer. Walgreens will continue to assist recently enrolled individuals by providing up to one month of a traditional, brand or generic medication at no upfront cost upon verification of eligibility.

February 3, 2014

Roundy’s will be offering 2.9 million shares of its common stock, and certain selling stockholders will be offering 5.9 million shares of the company’s common stock.

MILWAUKEE— Roundy’s will be offering 2.9 million shares of its common stock, and certain selling stockholders will be offering 5.9 million shares of the company’s common stock. The underwriters will be granted a 30-day option to purchase up to an additional 1.3 million shares of common stock from the selling stockholders, all at the offering price less the underwriting discount.

January 24, 2014

McKesson announced that it has reached an agreement with Franz Haniel & Cie. GmbH to acquire its entire holding of Celesio shares for 23.50 euros per share (US $32.24 per share).

SAN FRANCISCO  — McKesson late Thursday afternoon announced that it has reached an agreement with Franz Haniel & Cie. GmbH to acquire its entire holding of Celesio shares for 23.50 euros per share (US $32.24 per share). In a separate and subsequent agreement, McKesson also announced the acquisition of Celesio convertible bonds from Elliott. These agreements are not subject to any closing conditions and the transactions are expected to close within 10 business days. 

January 24, 2014

Private equity firm Carlyle Group has reportedly agreed to acquire a minority stake in Vogue International, the maker of Organix hair care products, according to a Reuters report.

NEW YORK — Private equity firm Carlyle Group has reportedly agreed to acquire a minority stake in Vogue International, the maker of Organix hair care products, according to a Reuters report.

"Carlyle will work with Vogue's founder and Chief Executive Officer Todd Christopher and his team to continue expanding the brand and building the business globally," the buyout firm was reported as saying in a statement.

January 21, 2014

Ahold's shareholders approved the company's proposal to return €1 billion (US$1.4 billion) to shareholders by way of a capital repayment and reverse stock split.

ZAANDAM, the Netherlands — Ahold's shareholders on Tuesday approved the company's proposal to return €1 billion (US$1.4 billion) to shareholders by way of a capital repayment and reverse stock split.

 Shareholders voted at an extraordinary general meeting held at Ahold's headquarters. The meeting was attended by 65 shareholders, representing approximately 657 million votes.

 

January 13, 2014

Target is offering free credit monitoring for a year for customers who shop at its stores, the mass merchandise retailer said Monday.

MINNEAPOLIS — Target is offering free credit monitoring for a year for customers who shop at its stores, the mass merchandise retailer said Monday.

Target said it had contracted with ProtectMyID, a division of Experian, which will offer daily credit monitoring, identity theft insurance and access to assistance from fraud resolution agents, as well as a complimentary credit report. Customers have until April 23 to request an activation code, and then until April 30 to register for credit monitoring through ProtectMyID.

January 9, 2014

McKesson Corp. has reached an agreement with Franz Haniel & Cie. GmbH, currently representing a 50.01% stake in Celesio, to sweeten the purchase price for its shareholding in Celesio to EUR 23.50 per share.

SAN FRANCISCO and FRANKFURT, Germany — McKesson Corp. has reached an agreement with Franz Haniel & Cie. GmbH, currently representing a 50.01% stake in Celesio, to sweeten the purchase price for its shareholding in Celesio to EUR 23.50 per share.

Accordingly, the price McKesson is offering to all shareholders of Celesio by way of a voluntary public takeover offer increases to EUR 23.50 per share.

January 8, 2014

McKesson is preparing to offer concessions to hedge fund Elliott to save its planned acquisition of Celesio, Reuters reported Wednesday morning, citing people familiar with the deal.

FRANKFURT, Germany — McKesson is preparing to offer concessions to hedge fund Elliott to save its planned acquisition of Celesio, Reuters reported Wednesday morning, citing people familiar with the deal. 

Elliott almost has a large enough stake in Celesio to block the deal and has rejected the $8.3 billion acquisition offer. 

January 3, 2014

IMS Health is looking to go public, the healthcare industry research and analytics company said.

DANBURY, Conn. — IMS Health is looking to go public, the healthcare industry research and analytics company said.

IMS, based in Danbury, Conn., said it had filed with the Securities and Exchange Commission for a proposed initial public offering of its common stock, adding that it had not yet determined the number of shares to be offered or the price range of the offering.

December 19, 2013

GoHealth and Walgreens are ramping up their shared efforts to let Americans know GoHealthInsurance.com is a viable solution for people seeking coverage and exploring marketplace options under the Patient Protection and Affordable Care Act, the companies announced.

CHICAGO — GoHealth and Walgreens are ramping up their shared efforts to let Americans know GoHealthInsurance.com is a viable solution for people seeking coverage and exploring marketplace options under the Patient Protection and Affordable Care Act, the companies announced Wednesday. 

December 11, 2013

Employees who contribute to health savings accounts generally become more engaged in managing their health after enrolling, according to a survey conducted by Buck Consultants.

NEW YORK — Employees who contribute to health savings accounts generally become more engaged in managing their health after enrolling, according to a survey conducted by Buck Consultants, a Xerox Company.

For example, 51% of respondents set aside more money for potential medical costs than before they had HSAs. As many as 29% have more discussions with their doctors about the cost of care and 13% more actively manage their chronic disease.

November 20, 2013

Former Revlon CEO David Kennedy is taking the helm at Scientific Games Corp., a developer of technology-based products and services and associated content for gaming and lottery markets worldwide.

NEW YORK — Former Revlon CEO David Kennedy is taking the helm at Scientific Games Corp., a developer of technology-based products and services and associated content for gaming and lottery markets worldwide.

In his new role as CEO, Kennedy will succeed A. Lorne Weil. The technology company has also determined to separate the roles of chairman and CEO and has appointed Ronald O. Perelman as its chairman.

November 15, 2013

The management team of Tops Friendly Markets has purchased the chain from the private equity firm that owned it, according to published reports.

NEW YORK — The management team of Tops Friendly Markets has purchased the chain from the private equity firm that owned it, according to published reports.

The Rochester, N.Y., Democrat & Chronicle reported Friday that Tops CEO Frank Curci and five other executives were buying the chain from Morgan Stanley Capital Partners, which has owned the chain since 2007. Tops operates 155 stores in upstate New York, western Vermont and northern Pennsylvania under the Tops, Grand Union and Bryant's banners.

November 14, 2013

Dollar General Corporation on Wednesday announced the resignations of Raj Agrawal and Adrian Jones as members of its board of directors, effective Dec. 5, 2013.

GOODLETTSVILLE, Tenn. — Dollar General Corporation on Wednesday announced the resignations of Raj Agrawal and Adrian Jones as members of its board of directors, effective Dec. 5, 2013. Agrawal, a member of KKR, and Jones, a managing director at Goldman Sachs, have served as directors of Dollar General since 2007.

November 8, 2013

The drug store sector makes for a sound investment for investors of all stripes, according to a Motley Fool report published Thursday.

NEW YORK — The drug store sector makes for a sound investment for investors of all stripes, according to a Motley Fool report published Thursday

In early morning trading Friday, CVS stock traded at $63.59, up 4 cents; Walgreens at $59.16, down 4 cents; and Rite Aid at $5.17, up 4 cents.