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May 20, 2014
04:55 EDTACN, ACN, TW, TW, TBI, TBI, PAYX, PAYX, XRX, XRX, DV, DV, KFY, KFY, CEB, CEB, BR, BR, BFAM, BFAM, WU, WUBofA/Merrill to hold a conference
2014 Services 1:1 Conference to be held in New York on May 20-21.
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November 19, 2015
08:49 EDTTWTowers Watson to increase one-time cash dividend under amended Willis merger
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08:37 EDTTWWillis dividend would be 'reasonable compromise,' says Sterne Agee CRT
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07:30 EDTBFAMBright Horizons 3.65M share Spot Secondary priced at $63.80
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November 18, 2015
20:01 EDTWUWestern Union confirms acquisition discussions with OzForex
The Western Union Company confirmed that it has submitted a non-binding, indicative proposal to potentially acquire online payments services provider OzForex Group Limited, which is listed on the Australian Stock Exchange. The discussions are at a preliminary stage, and the proposal is subject to detailed diligence and a number of conditions so there is no certainty that a transaction will occur. The company does not intend to provide any further comment on the potential transaction at this time.
19:08 EDTWUOzForex says receives acquisition proposal from Western Union
OzForex Group said it has received a preliminary, non-binding, indicative conditional proposal from Western Union to acquire 100% of the company's shares. The proposal contemplates an all cash consideration of $3.50-$3.70 per OzForex share and is subject to a number of conditions, said the company, including access to due diligence, retention of management, and relevant regulatory approvals. "The board of directors of OzForex intends to evaluate the indicative proposal... Irrespective of whether the indicative proposal proceeds, the board believes that OzForex has a very attractive independent future," remarked the company. Reference Link
16:23 EDTBFAMBright Horizons files to sell 3.65M shares of common stock for holders
The company intends to repurchase from the underwriter 150,000 shares of common stock. The company's per-share purchase price for the repurchased shares will be the same as the per-share purchase price payable by the underwriter to the Selling Stockholders. The company intends to fund the share repurchase with cash on hand and/or borrowings under our revolving credit facility. Barclays will act as underwriter for the offering.
15:02 EDTTWWillis Group to host special shareholder meeting
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14:56 EDTTWTowers Watson to host special shareholder meeting
Special Shareholder Meeting to vote on the proposed merger with Willis Group Holdings will be held in Miami Beach on November 20 at 8 am.
14:49 EDTWUEarnings Watch: Salesforce shares up 14% since last earnings report
Salesforce (CRM) is scheduled to report third quarter results after the market close on Wednesday, November 18, with a conference call scheduled for 5:00 pm ET. Salesforce is a provider of enterprise cloud computing solutions that include apps and platform services. EXPECTATIONS: Analysts are looking for earnings per share of 19c on revenue of $1.7B, according to First Call. The consensus range for EPS is 17c-20c on revenue of $1.68B-$1.72B. On its last earnings conference call, Salesforce gave Q3 EPS guidance of 18c-19c and revenue guidance of $1.69B-$1.7B. It also gave FY16 EPS guidance of 70c-72c and FY16 revenue of $6.6B-$6.63B. The company expects FY16 operating cash flow growth of approximately 34%-35%. Salesforce said it is now on pace to reach $7B run rate later this year. LAST QUARTER: On August 20, Salesforce reported second quarter EPS of 19c, beating the consensus analyst forecast of 18c. The company's revenue came in at $1.63B, topping the consensus estimate of $1.60B. It reported deferred revenue on balance of $3.03B as of July 31 and Q2 subscription and support revenue of $1.52B. Salesforce added that Q2 was the "best quarter ever" for the company due to momentum in Europe and growth in the adoption of its core platform. NEWS: Salesforce and Western Union (WU) announced an agreement for Western Union to use Sales Cloud, Community Cloud, Analytics Cloud and App Cloud to automate previously paper-based processes. Salesforce also announced plans to extend its strategic partnership with Microsoft (MSFT). The company said it would double its workforce in the Seattle area. STREET RESEARCH: Brean Capital said Salesforce should be a core holding due its new cloud targets, operating margin expansion and revenue growth in the 20%-30% range year over year. Jeffries said it was impressed with the company's DreamForce conference, but kept an Underperform rating on the stock because the net present value of new business may be negative for Salesforce at this time. In late September, Oppenheimer said that the company's checks were positive. It added that Salesforce's share of the market could be increasing and adds that Salesforce's platform strategy is becoming more popular with customers. PRICE ACTION: Salesforce shares are up over 14% since the company's Q2 report. In afternoon trading ahead of Thursday's report, Salesforce shares are up fractionally.
14:13 EDTTWWillis considering raised bid for Towers Watson, Reuters reports
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08:46 EDTTWTowers Watson says November 18 meeting adjourned to November 20
Towers Watson (TW) announced that the Special Meeting of Stockholders scheduled for Wednesday, November 18, 2015 to vote on proposals recommended by Towers Watson's board regarding its proposed merger with Willis Group Holdings (WSH) has been adjourned to November 20, 2015 at 8:00 a.m. local time and will take place at Royal Palm South Beach, 1545 Collins Avenue, Miami Beach, FL 33139. The Special Meeting of Stockholders has been adjourned until November 20, 2015 in order to provide additional time for stockholders to vote. Stockholders who have already voted do not need to recast their votes. Proxies previously submitted will be voted at the reconvened meeting unless properly revoked. Stockholders who have not already voted or wish to change their vote are encouraged to do so using the instructions provided in their voting instruction form or proxy card.
07:18 EDTTWWillis Group, Towers Watson deal poised to be rejected, says Wells Fargo
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November 17, 2015
08:03 EDTWUWestern Union offers new global money transfer service on WeChat
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November 16, 2015
08:09 EDTBRBroadridge names Julie Taylor Chief Human Resources Officer
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November 13, 2015
08:01 EDTTWWillis Group to host special shareholder meeting
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08:00 EDTTWTowers Watson to host special shareholder meeting
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07:59 EDTTWWillis Group urges Willis, Towers Watson holders to support merger
Willis Group (WSH) urged its shareholders, and those of Towers Watson (TW), to vote "FOR" the proposed merger of equals between the two firms. For Willis shareholders, the proposed deal further strengthens the powerful standalone Willis value proposition. The proposed deal enables Willis shareholders to participate in the significant economic opportunity generated by the planned combination. For Towers Watson investors, the deal accelerates the firm's publicly stated long-term strategy. It delivers value to Towers Watson shareholders through clear, compelling synergies and new client opportunities. For Towers Watson shareholders, as Towers Watson has stated, the combination is expected to result in projected cash net income accretion of an estimated 45% by calendar year 2018. This transaction was unanimously agreed upon by both boards of directors. Willis will contribute 55.8% of the projected combined EBITDA in 2016 excluding synergies, is enabling a significant portion of the merger synergies through its Irish domicile, and its CEO and CFO will not hold those roles in the new company. Both Willis and Towers Watson investors will benefit from the significant incremental value the two companies expect to create together. As previously disclosed, the merger can create more than $375M in incremental annual revenue in the healthcare exchange, large market property & casualty insurance broking, and global benefits consulting business. The companies also project approximately $100M-$125M in annual cost savings and $75M in annual tax savings.
November 12, 2015
08:42 EDTKFY, TBISunTrust to hold a conference
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08:07 EDTACNAccenture, Box say Amadeus bringing Box content platform to workforce
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08:03 EDTTWTowers Watson urges shareholders to support Willis Group merger
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