Quarterly Dividends, New Appointments, Competitive Actions, and Acquisitions Agreements - Research Report on Wells Fargo, MasterCard, AIG, American Tower, and American Express
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13 Sep, 2013, 08:00 ET
NEW YORK, September 13, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Wells Fargo & Company (NYSE: WFC), MasterCard Incorporated (NYSE: MA), American International Group, Inc. (NYSE: AIG), American Tower Corporation (NYSE: AMT), and American Express Company (NYSE: AXP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Wells Fargo & Company Research Report
On September 9, 2013, Wells Fargo & Company (Wells Fargo) announced that the Board of Directors of its indirect subsidiary, Wachovia Preferred Funding Corp (Wachovia), has declared a regular quarterly dividend on its Series A 7.25% preferred securities. According to Wachovia, the dividend of $0.45 per Series A security, is payable on September 30, 2013, to holders of record as of the close of business on September 16, 2013. The Full Research Report on Wells Fargo & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d00c_WFC]
MasterCard Incorporated Research Report
On September 4, 2013, MasterCard Incorporated (MasterCard) announced the appointment of Antonio Corro as Country Manager of Thailand and Myanmar, and Arn Vogels as Country Manager of IndoChina (Vietnam, Laos, Cambodia). Commenting on the appointments, Matthew Driver, President, South East Asia, MasterCard, said, "Both Anton and Arn have proven Asian experience and will no doubt help drive MasterCard's further growth in these important markets, in partnership with our customers and partners." The Full Research Report on MasterCard Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5205_MA]
American International Group, Inc. Research Report
On September 10, 2013, Reuters reported that American International Group, Inc. (AIG) has decided to stop signing new reinsurance contracts with Warren Buffet's Berkshire Hathaway Inc. (Berkshire) due to competitive reasons. As per the report, AIG stopped entering new deals with Berkshire units including National Indemnity Co. and General Re about two months ago, after Berkshire hired senior AIG executives and Buffett announced his plans to expand Berkshire's commercial insurance operations that compete with AIG. The Full Research Report on American International Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9065_AIG]
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, a private real estate investment trust which is the parent company of Global Tower Partners (GTP) and related companies. According to the Company, the total purchase price of approximately $4.8 billion (subject to customary adjustments) is expected to be satisfied with approximately $3.3 billion in cash, and approximately $1.5 billion in assumption of existing indebtedness. Jim Taiclet, Chairman, President and CEO of American Tower said, "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. GTP's management of these assets has been excellent, as confirmed through our rigorous due diligence process." 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.analystscorner.com/r/full_research_report/a933_AMT]
American Express Company Research Report
On September 10, 2013, American Express Company (American Express) along with Time Inc. a subsidiary of Time Warner Cable Inc., announced an agreement for Time Inc. to acquire American Express Publishing Corporation. As per the agreement, American Express Publishing, with brands including Travel + Leisure and Food & Wine, will become a wholly-owned subsidiary of Time Inc. The Company expects the sale to be completed in Q4 2013, subject to satisfaction of customary closing conditions. Commenting on the acquisition agreement, John Hayes, Chief Marketing Officer of American Express said, "We have a long-term relationship with Time Inc. that goes back many years. Under Ed Kelly's leadership, American Express Publishing has done extraordinary work with great skill, passion and accomplishment. While the company has outperformed its peers by creating editorial products of exceptional quality, banking regulations limit our ability to engage in non-financial activities. We concluded that Time Inc. is the ideal partner to continue the group's tradition of excellence, and we expect to work closely with them on a range of marketing initiatives in the future." The Full Research Report on American Express Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/13d0_AXP]
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