Vantage Drilling's (VTG) Contract with Petrobras Terminated Due to Breach of Obligations Sep 1, 2015 05:46PM

Vantage Drilling (NYSE: VTG) received a notice dated August 31, 2015 from Petrobras America, Inc. ("PAI") and Petrobras Venezuela Investments & Services B.V. ("PVIS") stating that PAI and PVIS were terminating the Agreement for the Provision of Services Contract for the Titanium Explorer dated February 4, 2009 (the "Drilling Contract"), between PVIS and Vantage Deepwater Drilling Company, a wholly-owned indirect subsidiary of Vantage, and which had been novated to PAI.... (continue reading...)

IBT National Won't Require Vote on Republic Airways' (RJET) Offer Sep 1, 2015 05:43PM

International Brotherhood of Teamsters national won't require Local 357 to vote on Republic Airways' (Nasdaq: RJET) recent offer (link).

SFX Entertainment (SFXE) Says Credit Downgrade Caused Short-Term Disruption, Confirms Indications of Interest Sep 1, 2015 05:22PM

In a meeting with certain of its noteholders on September 1, 2015, SFX Entertainment (NASDAQ: SFXE) disclosed that the downgrading to the Company’s corporate credit rating by rating agencies has contributed to short-term disruption to its business operations. Specifically, the Company has been required to expend more of its cash reserves than planned on unforeseen live event expenses, including making upfront payments to more of its live event vendors, impacting the... (continue reading...)

AT&T (T) Tells Shareholders to Reject TRC Capital's 'Mini-Tender' Sep 1, 2015 05:15PM

AT&T Inc. (NYSE: T) has learned that TRC Capital Corporation has made an unsolicited “mini-tender” offer, dated August 27, 2015. TRC has offered to purchase up to 3 million shares of AT&T stock at $31.30 per share, or 4.3 percent below AT&T’s closing share price on August 26, 2015. AT&T is in no way associated with TRC Capital Corporation and recommends that shareholders reject this unsolicited offer.

Mini-tender offers seek less than 5 percent of a company’s... (continue reading...)

Owens-Illinois (OI) Completes $2.15B Acquisition of Certain Vitro Assets Sep 1, 2015 05:08PM

Owens-Illinois (NYSE: OI) announced that it has completed the acquisition of the Vitro food and beverage glass container business from Vitro, S.A.B. de C.V. (BMV: VITROA) in a transaction valued at approximately $2.15 billion.

Vitro is the largest supplier of glass containers in Mexico and manufactures glass containers across multiple end uses, including food, soft drinks, beer, wine and spirits. The transaction includes Vitro's five food and beverage glass container... (continue reading...)

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