Exercise of Over-Allotment Option, Dividends, Capital Allocation Approval, Partnerships, and Recognitions - Research Report on Pandora, ADT, URS, GEO Group and CDW
NEW YORK, September 26, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Pandora Media, Inc. (NYSE: P), The ADT Corporation (NYSE: ADT), URS Corporation (NYSE: URS), The GEO Group, Inc. (NYSE: GEO) and CDW Corporation (NASDAQ: CDW). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Pandora Media, Inc. Research Report
On September 20, 2013, Pandora Media Inc. (Pandora) announced that the underwriters of its common stock offering have opted to exercise their over-allotment option in full to purchase an additional 2.7 million shares of its common stock at a price to the public of $25.00 per share. According to the Company, with the exercise of the option, a total of 15.7 million shares are being offered by Pandora, and a total of 5.2 million shares are being offered by the selling stockholder, for total gross offering proceeds of c.$523 million. Pandora informed that it plans to use the net proceeds from its sale of shares for general corporate purposes, including working capital and capital expenditures, while a portion of the net proceeds might be also used for potential acquisitions of businesses, products or technologies. The Full Research Report on Pandora Media, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/P]
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The ADT Corporation Research Report
On September 23, 2013, The ADT Corp. (ADT) announced that its Board of Directors has declared a quarterly cash dividend of c.$0.13 per share of common stock. According to the Company, the dividend is payable on November 20, 2013, to stockholders of record on October 30, 2013. The Full Research Report on The ADT Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/ADT]
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URS Corporation Research Report
On September 12, 2013, URS Corp. (URS) announced that its Board of Directors has approved capital allocation priorities for 2014 and 2015. According to the Company, the priorities approved by the Board include, returning to URS stockholders at least $500 million in the form of share repurchases and dividends by the end of FY 2015. URS informed that the share repurchases and dividends are expected to be funded by the Company's free cash flow, while it intends to use its remaining cash flow to fund organic growth and to pay down debt, consistent with the Company's focus on maintaining its investment grade credit rating. Martin M. Koffel, URS' Chairman and CEO, said, "Today's announcement underscores our confidence in the Company's strategy and long-term business outlook as well as our commitment to delivering value for our stockholders. We now have leading positions in a diversified group of attractive businesses and markets. With our investment-grade status and significant organic growth opportunities, particularly in the expanding Oil & Gas and Industrial markets, URS is well configured for the future, without any need for further significant acquisitions." The Full Research Report on URS Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/URS]
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The GEO Group, Inc. Research Report
On September 23, 2013, The GEO Group Inc. (Geo group) announced that it has signed a 5 year contract with the California Department of Corrections and Rehabilitation, for the housing of 1,400 California inmates at Geo group's Central Valley Modified Community Correctional Facility and the Desert View Modified Community Correctional Facility in McFarland, and Adelanto, California respectively. According to the Company, it expects to begin the intake of inmates at the Facilities in Q4 2013 and anticipates the facilities to generate c.$30.7 million in combined annualized revenues at full occupancy. George C. Zoley, Chairman and CEO of GEO, said, "We are thankful for the confidence placed in our company by the California Department of Corrections and Rehabilitation. The reactivation of our Central Valley and Desert View Modified Community Correctional Facilities will play an important role in helping meet the need for correctional bed space in the State of California. We look forward to our continued partnership with the Department and the communities of McFarland and Adelanto." The Full Research Report on The GEO Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/GEO]
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CDW Corporation Research Report
On September 9, 2013, CDW Corp. (CDW) announced its successful inclusion into the 2013 InformationWeek 500, a list of the top technology innovators in the United States, wherein it occupied the 60th ranking. "CDW continues to drive its digital edge by integrating information across the enterprise to deliver a high-touch customer experience," said Jon Stevens, Senior Vice President, Operations and Chief Information Officer at CDW. "You simply cannot be a leading technology provider unless you listen to customers, understand their needs and provide options around critical technologies such as cloud computing and mobility." The Full Research Report on CDW Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-23/CDW]
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