Trinseo to Offer Senior Notes

Trinseo to Offer Senior Notes

Trinseo, a maker of plastics, said pre-market Monday that it plans to raise $450 million in gross proceeds through an offering of senior notes due 2025 by its units Trinseo Materials Operating, and Trinseo Materials Finance. The net proceeds from the notes offering, together with $750 million of term loan borrowings, will be used to repay all outstanding indebtedness under the issuers’ 6.375% senior notes (EUR) and 6.750% senior notes […]

Read More ˃
Arthur J. Gallagher Acquires GPL Assurance

Arthur J. Gallagher Acquires GPL Assurance

Arthur J. Gallagher & Co said Friday morning it acquired Montreal-based retail insurance broker GPL Assurance Inc. Financial terms of the transaction were not disclosed. GPL CEO Louis-Thomas Labbe and his associates will continue to operate in their current locations in Montreal and Laval, Quebec, under the direction of Stephen Bryant, head of Arthur J. Gallagher’s Canadian brokerage operations. “GPL has an excellent reputation for superior client service, niche expertise […]

Read More ˃
EMCOR Group Beats Q2 Estimates

EMCOR Group Beats Q2 Estimates

EMCOR Group shares gained 8% in morning trade Thursday after beating Q2 estimates and raising its full year guidance. The company reported Q2 adjusted earnings of $0.95 per share, versus $0.92 last year. This beat the $0.84 analyst consensus. Revenue for the quarter was $1.90 billion, down from $1.93 billion last year and ahead of the $1.87 billion Street view. EMCOR now expects full year 2017 revenues to be approximately […]

Read More ˃
Novartis Secures Positive EU Committee Opinion on Rydapt

Novartis Secures Positive EU Committee Opinion on Rydapt

Swiss drug maker Novartis AG said Friday morning that the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion and recommended approval of Rydapt for treating adults with newly-diagnosed acute myeloid leukemia who are FLT3 mutation-positive. If approved by the European Commission, the oral, multi-targeted inhibitor of multiple kinases would represent the first targeted treatment for newly diagnosed FLT-3 mutated AML in the EU. […]

Read More ˃
Town Sports Buys 16 Fitness Club Locations

Town Sports Buys 16 Fitness Club Locations

Town Sports International Holdings, an owner and operator of fitness clubs, said Friday it has entered into an agreement to acquire Lucille Roberts Health Clubs businesses. Terms of the transaction were not disclosed. The acquisition will add 16 clubs to the company’s portfolio in the Northeast and Mid-Atlantic regions of the country. The acquired locations will continue to operate under the Lucille Roberts Brand. The transaction is subject to certain […]

Read More ˃