- Sales Up 4 Percent; GAAP EPS Up 34 Percent; Adjusted EPS Up 20 Percent
- Company Announces Divestiture of Broadband Network Solutions for $3.0 Billion
Courier Corporation (Nasdaq: CRRC), one of America's leading innovators in book manufacturing, publishing and content management, announced today that it has received a non-binding, unsolicited proposal from R.R. Donnelley & Sons Company (Nasdaq: RRD) to acquire the Company for $23.00 per share in cash or RR Donnelley common stock, subject to proration in the event that shareholders elect to receive more than approximately 49% cash or more than approximately 51% stock. The RR Donnelley proposal is subject to, among other things, various closing conditions, Courier shareholder approval and regulatory approvals.
On January 1, 2015, Atlas Holdings LLC launched Aludium — its newest operating company — with the acquisition of rolling mills in Spain and France from Alcoa, a global leader in lightweight metals technology, engineering, and manufacturing. Included in the transaction are mills located in Amorebieta and Alicante (Spain) and Castelsarrasin (France), as well as the state-of-the-art Cindal research and development facility in Alicante. Terms of the transaction were not disclosed.
Fourth Quarter Results
- Adjusted earnings per share increased 38% to $0.36; GAAP EPS loss of $0.16 primarily due to a mark-to-market pension adjustment and restructuring costs
- Achieved 21st consecutive quarter of strong double-digit adjusted EPS growth
- Global Color, Additives & Inks and Global Specialty Engineered Materials overcame headwinds in Europe to deliver record fourth quarter operating income
ICL Food Specialties to Purchase EU-Based Functional Dairy Proteins Leader as Part of ICL's Global Expansion of its Core Food Ingredients Business -
SATO, a global leader in barcode printing, labelling, and RFID solutions, announced today that it has taken a majority stake in Okil-Holding, JSC, acquiring approximately 75% of all shares issued. This transaction was completed on December 19, 2014, and Okil will now operate as a subsidiary within the SATO Group.
Canon Italia S.p.A. announces it has signed an agreement to acquire Integra Document Management (IDM), an Italian company focused on Document and Business Process Outsourcing.
Mediclinic Middle East and Oneview Healthcare are delighted to announce a contract for the deployment of Oneview's Patient Engagement and Clinical Workflow Solution at Mediclinic City Hospital and Mediclinic Welcare Hospital in Dubai. The partnership was signed today in the presence of Irish Minister for Business and Employment, Ged Nash TD and HE Ambassador Patrick Hennessy.
London-based International Finance Magazine has conferred the 2014 award for 'Best Islamic Bank' in Bahrain to Bahrain Islamic bank. The trophy and certificate were presented on November 18 at a gala dinner in the ballroom of the Jumeirah Carlton Tower in London.
Gannett Co., Inc. (NYSE:GCI) today responded to an amended Form 13D filing by Carl Icahn and affiliates, who own approximately 6.6% of Gannett, disclosing nomination of two candidates for election to Gannett's Board of Directors at Gannett's 2015 Annual Shareholders' Meeting. Icahn also disclosed submission of precatory proposals that would require certain corporate governance provisions at Gannett and at the new publishing company that will be formed upon completion of Gannett's planned separation later this year. Gannett's Board of Directors will evaluate the submission and make a recommendation to Gannett shareholders in due course.