NEW YORK, September 11, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting American Tower Corporation (NYSE: AMT), State Street Corp. (NYSE: STT), Affiliated Managers Group Inc. (NYSE: AMG), Ameriprise Financial Inc. (NYSE: AMP), and The Blackstone Group (NYSE: BX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
American Tower Corporation Research Report
On September 6, 2013, American Tower Corporation (American Tower) announced that it has entered into a definitive agreement to acquire 100% of the outstanding common membership interest of MIP Tower Holdings LLC (MIP), the parent company of Global Tower Partners (GTP), for a total purchase price of c.$4.8 billion, subject to customary adjustments. According to the Company, it intends to finance the acquisition deal with c.$3.3 billion of cash, and to debt finance the remaining c.$1.5 billion using sources such as its existing revolving credit facilities. Commenting on the agreement, Jim Taiclet, Chairman, President and CEO of American Tower stated, "GTP has constructed and acquired an outstanding U.S. portfolio of tower, rooftop and land assets, which is highly complementary to that of American Tower." Taiclet added, "With all four major domestic wireless carriers engaged in aggressive multi-year 4G LTE deployments, we believe our acquisition of GTP solidifies our path to achieving our strategic goals related to growing our AFFO over the next five years." The Full Research Report on American Tower Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-08/AMT]
State Street Corp. Research Report
On September 2, 2013, State Street Corp.'s asset management business, State Street Global Advisors (SSGA), announced that its exchange traded funds (ETFs) platform, SPDR ETFs, has listed three short duration bond ETFs on the London Stock Exchange and Deutsche Börse. According to SSGA, the three new physically-backed ETFs extend the fixed income family available from SPDR ETFs. Commenting on the update, Antoine Lesne, Fixed Income Portfolio Strategist at SSGA, said, "Over the last three decades, fixed income markets have enjoyed an enviable rally. Despite some of the more significant corrections of the mid-to-late 1990s, surfing the yield curve wave has, for the most part, been very profitable for investors. However, now, with government bond yields at all-time lows, many fixed income investors are reviewing the sources of return in their bond allocations. More specific allocations to short-dated bond exposures via these three new ETFs may offer the potential to deliver better risk- adjusted returns than their all-maturity counterparts and help lower the negative impact of a steepening yield curve." The Full Research Report on State Street Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-08/STT]
Affiliated Managers Group Inc. Research Report
On September 5, 2013, Affiliated Managers Group Inc. (AMG) announced that it has appointed Jenny Segal as Head of its European Distribution. According to AMG, in her new role, Ms. Segal will report to Andrew Dyson, Head of Global Distribution at AMG, and will lead the Company's European institutional distribution team of regional specialists, focused on developing new business opportunities and serving clients on behalf of AMG Affiliates across Europe. Commenting on the appointment, Andrew Dyson, said, "Jenny brings to her new role strong investment knowledge and product expertise, focused leadership qualities, a collaborative and strategic approach, and a clear sense of where the European institutional market is evolving. She will be an outstanding resource for our team and our Affiliates." The Full Research Report on Affiliated Managers Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-08/AMG]
Ameriprise Financial Inc. Research Report
On September 6, 2013, Ameriprise Financial Inc. (Ameriprise Financial) announced that its Chairman and CEO, Jim Cracchiolo, will present at the UBS Best of Americas Conference, on September 12, 2013, in London. According to the Company, in his presentation, Mr. Cracchiolo will speak about the Company's business and strategy, on the aforesaid date at approximately 8:50 a.m. BST. Ameriprise Financial stated that a live audio webcast of Mr. Cracchiolo's presentation will be available to the general public through the Investor Relations section of the Company's website. The Full Research Report on Ameriprise Financial Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-08/AMP]
The Blackstone Group Research Report
On September 4, 2013, The Blackstone Group (Blackstone) and its Real Estate portfolio company, Invitation Homes, announced that Bryce Blair will join Invitation Homes' Board of Directors. Commenting on the update, Nick Gould, Chairman and CEO of Invitation Homes stated, "Bryce's background building a leading company in the multi-family space, and depth of operational experience will be tremendously helpful as we develop our platform and grow Invitation Homes into a market leader." Mr. Blair added, "I am looking forward to working with Invitation Homes and Blackstone, as they innovate in the single-family rental space. The company is off to a great start and I see the potential to really help the company execute on its growth plans." The Full Research Report on The Blackstone Group - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-08/BX]
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