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Pico Holdings Unit To Sell Up To 15,000 Long Term Storage Credits For A Base Price Of $350 Each

Tuesday, 5 Dec 2017

Dec 5 (Reuters) - Pico Holdings Inc ::PICO HOLDINGS INC - UNIT HAS ENTERED IN TO AN AGREEMENT TO SELL UP TO 15,000 LONG TERM STORAGE CREDITS FOR A BASE PRICE OF $350 PER LTSC.PICO HOLDINGS INC - UNDER AGREEMENT, LTSCS MAY BE PURCHASED BY RWCD AT ANY TIME OVER TERM OF AGREEMENT WHICH EXPIRES ON DECEMBER 31, 2019.PICO HOLDINGS INC - ANY PURCHASES PRIOR TO DECEMBER 31, 2017 WILL BE AT BASE PRICE OF $350 PER LTSC.PICO HOLDINGS INC - ANY PURCHASES OF LTSCS UNDER AGREEMENT BEGINNING JAN 1, 2018 WILL BE AT A PRICE THAT IS INCREASED FROM BASE PRICE AT 10% PER ANNUM.

Lennar to buy CalAtlantic Group in about $9.3 bln deal

Monday, 30 Oct 2017

Oct 30 (Reuters) - CalAtlantic Group Inc :‍Lennar and CalAtlantic announce business combination creating nation's leading homebuilder​.CalAtlantic Group Inc- ‍transaction valued at approximately $9.3 billion, including $3.6 billion of net debt assumed​.CalAtlantic Group Inc- ‍expect to realize $75 million and $250 million in synergies from combined co in FY 2018 and FY 2019​.CalAtlantic Group- ‍under terms of merger, each CalAtlantic share will be converted into right to receive 0.885 shares of Lennar class A common stock​.‍deal is accretive before deal costs in fiscal year 2018 and significantly accretive in fiscal year 2019​.CalAtlantic Group Inc - ‍consideration for deal is approximately 80% stock and 20% cash​.CalAtlantic Group Inc- ‍on a pro forma basis, CalAtlantic stockholders are expected to own approximately 26% of combined company​.CalAtlantic - co's stockholders will also have option to elect to exchange all or a portion of their shares for cash in amount of $48.26 per share​.

Lennar to buy CalAtlantic Group in about $9.3 bln deal

Monday, 30 Oct 2017

Oct 30 (Reuters) - CalAtlantic Group Inc :‍Lennar and CalAtlantic announce business combination creating nation's leading homebuilder​.CalAtlantic Group Inc- ‍transaction valued at approximately $9.3 billion, including $3.6 billion of net debt assumed​.CalAtlantic Group Inc- ‍expect to realize $75 million and $250 million in synergies from combined co in FY 2018 and FY 2019​.CalAtlantic Group- ‍under terms of merger, each CalAtlantic share will be converted into right to receive 0.885 shares of Lennar class A common stock​.‍deal is accretive before deal costs in fiscal year 2018 and significantly accretive in fiscal year 2019​.CalAtlantic Group Inc - ‍consideration for deal is approximately 80% stock and 20% cash​.CalAtlantic Group Inc- ‍on a pro forma basis, CalAtlantic stockholders are expected to own approximately 26% of combined company​.CalAtlantic - co's stockholders will also have option to elect to exchange all or a portion of their shares for cash in amount of $48.26 per share​.

Hinokiya Holdings says merger between units

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Hinokiya Holdings Co Ltd <1413.T>:Says Tokyo-based unit will merge with units based in Ibaraki-ken, Saitama-ken, Gunma-ken, and Miyagi-ken, effective Jan. 1, 2018 .Says units based in Ibaraki-ken, Saitama-ken, Gunma-ken, and Miyagi-ken will be dissolved after merger .

NAGAWA to merge with Tokyo-based subsidiary

Monday, 7 Mar 2016

NAGAWA CO Ltd:To merge with its wholly owned Tokyo-based subsidiary effective on July 1.Says the unit to be dissolved after the transaction.

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