Tag Archives: DTC

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Food CPGs And Retailers Turn To Direct-To-Consumer Strategies For Growth, Industry Report Says

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By Danielle Gould, Contributor

Since Webvan’s implosion in 2001, e-commerce has been almost unmentionable when it comes to food. But as mobile, social media and online shopping adoption grow, retailers and consumer product good (CPG) companies recognize that direct-to-consumer (DTC) strategies – sales and marketing – might just be their ticket to growth, finds Growth Strategies: Unlocking the Power of the Consumer, a recent financial performance report conducted by the Grocery Manufacturers Association(GMA) and PwC US. …read more

Source: FULL ARTICLE at Forbes Latest

Business, Finance, Occupation & Industry

Health Care REIT, Inc. Announces Conversion Option for 3.00% Convertible Senior Notes Due 2029

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By Business Wirevia The Motley Fool

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Health Care REIT, Inc. Announces Conversion Option for 3.00% Convertible Senior Notes Due 2029

TOLEDO, Ohio–(BUSINESS WIRE)– Health Care REIT, Inc. (NYSE: HCN) today notified holders of the $494,403,000 outstanding principal amount of its 3.00% Convertible Senior Notes due 2029 (the “Notes”) that they are entitled to convert all or a portion of their Notes into cash and, if applicable, shares of the company’s common stock (the “Conversion Option“). Holders’ right to convert begins on April 9, 2013 and ends at the close of business on July 9, 2013. The Notes are convertible because the closing price of shares of the company’s common stock, for at least 20 trading days during the 30 consecutive trading-day period ending on March 31, 2013, was greater than 120% of the conversion price in effect on March 31, 2013.

To convert a certificated Note, a holder must (1) complete and sign a conversion notice, with appropriate signature guarantee, on the back of each Note, (2) surrender the Notes to The Bank of New York Mellon Trust Company, N.A., which is serving as the conversion agent, (3) furnish appropriate endorsements and transfer documents if required by the registrar or the conversion agent, (4) pay the amount of interest, if any, the holder must pay in accordance with the indenture, and (5) pay any tax or duty if required pursuant to the indenture. To convert interests in a global Note, the holder must comply with The Depository Trust Company’s (“DTC“) applicable conversion program procedures.

Upon conversion, the principal amount of the Notes will be paid in cash and the conversion value, if any, will be paid in shares of common stock based upon the volume-weighted average prices per share of the company’s common stock during the 20-trading day period following the satisfaction of the conversion procedures described above.

A holder may convert a portion of the Notes. The converted portion must be a principal amount of $1,000 or a multiple of $1,000.

The company has prepared a notice to holders with respect to the Conversion Option specifying the applicable terms, conditions and procedures. The notice is available through DTC and The Bank of New York Mellon Trust Company, N.A., which is serving as conversion agent. The address of the conversion agent is as follows:

The Bank of New York Mellon Trust Company, N.A.
Corporate Trust – Reorganization Unit
111 Sanders Creek Parkway
East Syracuse, NY 13057
Attention: Adam DeCapio
Telephone: 315.414.3360
Fax: 732.667.9408

None of the company, its Board of Directors, or its …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Conversion Right Triggered for LabCorp's Zero Coupon Convertible Subordinated Notes Due 2021

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By Business Wirevia The Motley Fool

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Conversion Right Triggered for LabCorp’s Zero Coupon Convertible Subordinated Notes Due 2021

BURLINGTON, N.C.–(BUSINESS WIRE)– Laboratory Corporation of America® Holdings (LabCorp®) (NYS: LH) announced today that its Zero Coupon Convertible Subordinated Notes due 2021 (Zero Coupon Notes) may be converted as set forth below.

The Zero Coupon Notes are convertible into cash and Common Stock of LabCorp, if any, subject to the terms of the Zero Coupon Notes and the Indenture, dated as of October 24, 2006 between LabCorp and The Bank of New York Mellon, as trustee (Trustee) and the conversion agent.

In order to exercise the option to convert all or a portion of the Zero Coupon Notes, holders must validly surrender their Zero Coupon Notes at any time during the calendar quarter through the close of business at 5:00 p.m., New York City time, on Friday, June 28, 2013. The Trustee has informed LabCorp that, as of this date, all custodians and beneficial holders of the Zero Coupon Notes hold the Zero Coupon Notes through Depository Trust Company (DTC) accounts and that there are no certificated Zero Coupon Notes in non-global form. Accordingly, all Zero Coupon Notes surrendered for conversion must be delivered through the transmittal procedures of DTC.

Should Zero Coupon Notes be converted, LabCorp would be required to pay holders in cash for the accreted principal amount of the securities to be converted, with the remaining amount, if any, to be satisfied with shares of Common Stock. The shares required for settlement of the Zero Coupon Notes are included in LabCorp’s computation of fully diluted earnings per share.


About LabCorp
 ®

Laboratory Corporation of America® Holdings, an S&P 500 company, is a pioneer in commercializing new diagnostic technologies and the first in its industry to embrace genomic testing. With annual revenues of $5.7 billion in 2012, over 34,000 employees worldwide, and more than 220,000 clients, LabCorp offers more than 4,000 tests ranging from routine blood analyses to reproductive genetics to companion diagnostics. LabCorp furthers its scientific expertise and innovative clinical testing technology through its Specialty Testing Group: The Center for Molecular Biology and Pathology, National Genetics Institute, ViroMed Laboratories, Inc, The Center for Esoteric Testing, Litholink Corporation, Integrated Genetics, Integrated Oncology, DIANON Systems, Inc, Monogram Biosciences, Inc, Colorado Coagulation, Cellmark Forensics, MedTox, and Endocrine Sciences. LabCorp conducts clinical trials testing through its LabCorp …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Simcoe Mining Resources Inc. Administratively Dissolved

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By Business Wirevia The Motley Fool

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Simcoe Mining Resources Inc. Administratively Dissolved

WEST PALM BEACH, Fla.–(BUSINESS WIRE)– Simcoe Mining Resources Inc. (OTC: SMOM) has been administratively dissolved with the Delaware Secretary of State. The Company’s newly-appointed director, Michael Anthony, conducted an internal investigation of the Company’s shareholder records and discovered that certain furtive actions were taken by the Company’s former director and/or officers that have destabilized the Company and have made the market for the Company’s stock highly susceptible to manipulation. This development resulted in the decision to dissolve the corporation.

CUSIP, DTC, FINRA and OTCMarkets.com have been notified and the symbol SMOM has been deleted.

From 1984 until the present time, the Company operated in the dark as a non-reporting issuer, meaning that almost no public information existed regarding the Company’s operations. But a recent technical analysis of the Company’s shareholder records revealed the aforementioned conspiratorial actions.

“We’re deeply disappointed,” Anthony said. “But after reviewing the SEC‘s possessive opinions regarding stock manipulation schemes, we believe this is in the best interest of the Company and its shareholders.”


About Michael Anthony

Michael Anthony is a corporate strategist specializing in forensic research on public companies and reorganizing complex business entities. He is an industry advocate of transparency in the marketplace and operates under the auspices that all public companies should be required to file periodic reports with the U.S. Securities and Exchange Commission.

For Simcoe Mining Resources Inc.
Pam Lagano, 888-959-0018
plagano@laganoassociates.com

KEYWORDS:   United States  North America  Florida

INDUSTRY KEYWORDS:

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

LaSalle Hotel Properties Announces the Partial Redemption of 7.25% Series G Cumulative Redeemable Pr

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By Business Wirevia The Motley Fool

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LaSalle Hotel Properties Announces the Partial Redemption of 7.25% Series G Cumulative Redeemable Preferred Shares

BETHESDA, Md.–(BUSINESS WIRE)– LaSalle Hotel Properties (NYS: LHO) today provided notice to the holders of its 7.25% Series G Cumulative Redeemable Preferred Shares (the “Series G Preferred Shares”) of the redemption of 4,000,000 of the 6,348,888 issued and outstanding Series G Preferred Shares, representing approximately 63% of the outstanding shares. The cash redemption price for the Series G Preferred Shares is $25.00 per share, plus accrued and unpaid dividends through the redemption date.

The redemption date will be April 5, 2013. Redemptions will be on a pro rata basis (as nearly as practicable without creating fractional shares). All Series G Preferred Shares are held through the Depositary Trust Company (DTC), and the shares called for redemption will be chosen and redeemed according to DTC‘s procedures.

After the redemption date, dividends on the Series G Preferred Shares called for redemption will cease to accrue. Payment of the redemption price will be made only upon presentation and surrender of certificates representing the Series G Preferred Shares to Wells Fargo Bank, N.A., the Company’s transfer agent, during its normal business hours at the address specified in the Notice of Redemption.

The Notice of Redemption and related materials were mailed today to holders of record of the Series G Preferred Shares. Questions relating to the Notice of Redemption and related materials should be directed to Wells Fargo Bank, N.A., at 1-800-468-9716.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 40 hotels and a mezzanine loan secured by two hotels in Santa Monica, CA. The properties are upscale full-service hotels, totaling over 10,600 guest rooms in 13 markets in nine states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale and luxury, full-service hotels located in convention, resort and major urban business markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging companies, including Westin Hotels and Resorts, Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Thompson Hotels, Davidson Hotel Company, Denihan Hospitality Group, the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels & Resorts, HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group, Highgate Hotels and Access Hotels & Resorts.

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking …read more
Source: FULL ARTICLE at DailyFinance