Latest Corporate finance Stories

WILMERDING, Pa., May 14, 2013 /PRNewswire/ -- Shareholders of Wabtec Corporation (NYSE: WAB) today approved the company's proposals at its annual meeting, and the company's Board of Directors approved a two-for-one stock split and a 60 percent dividend increase. The stock split will be in the form of a 100 percent stock dividend, to be paid June 11, 2013 to shareholders of record June 3, 2013. Shareholders will receive one additional share of Wabtec common stock for each share...

New whitepaper reveals keys to building the right team to drive growth NEW YORK, May 14, 2013 /PRNewswire/ -- At its annual Capital Strategies Conference: executing successful IPOs and exits, Ernst & Young LLP unveils Shoot for the moon: With the right board, the sky's no limit, which offers founders and entrepreneurs leading practices and tips on how to build a well-rounded board to help shape the direction of a company and improve its results. The report is a series of...

ORLANDO, Fla., May 14, 2013 /PRNewswire/ -- Seminole Hard Rock Entertainment, Inc. ("SHRE") announced today the interim results of the previously announced tender offer and consent solicitation by SHRE and Seminole Hard Rock International, LLC ("SHRI" and with SHRE, the "Companies") for any and all of the Companies' outstanding floating rate senior secured notes due 2014 (CUSIP No. 816752AA7 and ISIN USU81633AA48) (the "Notes") and a solicitation of consents to certain proposed...

LITTLETON, Colo., May 14, 2013 /PRNewswire/ -- Ur-Energy Inc. (TSX: URE, NYSE MKT: URG) ("Ur?Energy" or the "Company") is pleased to announce that the Company has closed on a bridge loan facility (the "Bridge Loan") in the amount of US$5,000,000. The Bridge Loan is intended to provide interim working capital for the Company's flagship Lost Creek Project construction prior to receiving funds from the State of Wyoming Industrial Development Bond program. It is expected that the Bridge...

SAN DIEGO, May 14, 2013 /PRNewswire/ -- InfoSonics Corporation (NASDAQ: IFON), the provider of verykool® wireless handset solutions, today announced results for its first quarter ended March 31, 2013. "Although we had encouraging data points this quarter including a record number of verykool® handsets shipped, improved sequential gross margin and decreased total operating expenses, more needs to be done in all areas to bring our company to profitability," said Joseph Ram,...

MONTREAL, May 13, 2013 /CNW Telbec/ - Aimia Inc. (TSX: AIM) announced today that it has received approval from the Toronto Stock Exchange respecting the renewal of its normal course issuer bid to purchase for cancellation up to 17,212,126 of its common shares, or 10% of the public float of 172,121,269 common shares as at May 13, 2013, through the facilities of the Toronto Stock Exchange and through alternative trading systems (such as Alpha ATS), or by other means as may be...

SCHAUMBURG, Ill., May 13, 2013 /PRNewswire/ -- Global Brass and Copper Holdings, Inc. (the "Company") today announced the launch of its initial public offering in the United States of 9,375,000 shares of its common stock. The initial public offering price is currently expected to be between $15.00 and $17.00 per share of common stock. The shares have been approved for listing on the New York Stock Exchange and will trade under the ticker symbol "BRSS." The shares being offered are...

CALGARY, May 13, 2013 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) reported the voting results from its Annual and Special Meeting of shareholders held May 10, 2013 in Calgary, Alberta (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated March 28, 2013 and is available on the Company's website under "Investor Centre" at www.pembina.com. A...

HOUSTON, May 13, 2013 /PRNewswire/ -- MRC Global Inc. (NYSE:MRC) today announced that its largest shareholder, PVF Holdings LLC, has distributed all of its shares of the common stock of MRC Global to the owners of PVF Holdings. Andrew R. Lane, MRC's chairman, president and chief executive officer, stated, "This action today by PVF Holdings is one of the final steps in the natural evolution of MRC going from a company that is private equity sponsored and owned to a company whose...

M&A INSIGHT 2013 Panelists Discuss Buyer, Seller Perspectives in Current Climate HOUSTON, May 13, 2013 /PRNewswire-iReach/ -- The U.S. manufacturing industry is competitive again and is driving global capital investors to the Gulf Coast thanks to cheap domestic natural gas, according to the M&A INSIGHT 2013 keynote speaker Jesse Thompson, business economist at the Federal Reserve Bank of Dallas - Houston Branch. M&A INSIGHT 2013, held May 2 at the Houston branch of the...