Pembina Pipeline (PBA) Places Phase II LVP Expansion into Service Apr 27, 2015 09:39AM

Pembina Pipeline (NYSE: PBA) announced that it has placed its Phase II low vapour pressure ("LVP"), crude oil and condensate pipeline expansion ("Phase II LVP Expansion") into service.

The Phase II LVP Expansion, which is underpinned by long-term contracts with Pembina's customers, was commissioned on April 8, 2015 and was placed into service on April 24, 2015, adding an incremental 55,000 barrels per day ("bpd") on the Company's Peace Pipeline System and bringing total... (continue reading...)

WiLAN (WILN), Toro (TTC) Enter Patent Licensing Agreement Apr 27, 2015 09:25AM

WiLAN (NASDAQ: WILN) announced that The Toro Company (NYSE: TTC) has entered into a patent license agreement with WiLAN's wholly-owned subsidiary, Smart Irrigation Solutions Inc., related to irrigation control system technologies.

The agreement resolves litigation that was pending in the United States District Court for the Central District of California. The consideration to be paid to WiLAN and all other terms of the license agreement are confidential.

Mylan (MYL) Rejects Unsolicited Teva (TEVA) Proposal Apr 27, 2015 09:21AM

Mylan (NASDAQ: MYL) announced that its Board of Directors has unanimously rejected the unsolicited expression of interest from Teva Pharmaceutical Industries, Ltd. (NYSE: TEVA) to acquire Mylan, which was announced by Teva on April 21, 2015.

After a comprehensive review conducted in consultation with its financial and legal advisors, the Mylan Board concluded the approach did not meet any of the key criteria that would cause the Mylan Board to depart from the Company's... (continue reading...)

InterOil Corp. (IOC) Commences Flow Testing at Elk-Antelope Field Apr 27, 2015 09:19AM

InterOil Corp. (NYSE: IOC) announced that it has begun flow testing at the Elk-Antelope gas field in Papua New Guinea as part of the field appraisal.

Papua New Guinea Prime Minister the Honorable Peter O'Neill and the Minister for Department of Petroleum and Energy the Honorable Nixon Duban today visited the Antelope-5 well site in the Gulf Province to see the operation and to be briefed on the Elk-Antelope LNG Project, a joint venture of InterOil, Total of France, and... (continue reading...)

AAR Corp. (AIR) Commences $135M Modified 'Dutch Auction' Tender Apr 27, 2015 09:16AM

AAR Corp. (NYSE: AIR) announced that it is commencing a modified "Dutch auction" tender offer to purchase shares of its common stock for an aggregate cash purchase price of not more than $135 million.

Pursuant to the tender offer, company stockholders may tender all or a portion of their shares (1) at a price specified by the tendering stockholder of not less than $29.00 per share and not more than $32.00 per share or (2) without specifying a purchase price, in which... (continue reading...)

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