Thread- $SPG (Simon Property Group Inc.)

$SPG {{ '2015-06-24T15:17:42+0000' | timeago}} • SEC

$SPG 1Q15 10-Q: In Feb. 2015, agreed to create a JV with HBC. Upon formation of JV, HBC will contribute 42 owned properties for an eventual pro forma 80% equity interest. SPG has committed to contribute $100MM to the JV; may contribute up to an additional $178.5MM for an eventual pro forma equity stake of 20%. Expect transaction to close in 2Q15.

$LOW {{ '2017-05-24T13:24:18+0000' | timeago}} • Webcast

In 1Q17, $LOW saw a 3.5% increase in average ticket and a 1.5% decline in transactions stemming from weaker outdoor performance. The company posted positive comps in 8 of 11 product categories while one category was flat. $LOW drove 27% comp growth on lowes.com.

$CDK {{ '2017-05-24T13:19:47+0000' | timeago}} • Announcement

$CDK agreed to buy Auto/Mate Dealership Systems, a privately-held company that provides a suite of DMS (Dealer Management Systems) products and solutions to over 1000 new car dealership sites. The transaction has been approved by each company’s BoD and is expected to close later this summer.

$AAP {{ '2017-05-24T13:19:35+0000' | timeago}} • Webcast

$AAP said that it has not increased the CapEx estimate of $250MM in 2017 because of the increase in the productivity goal. This amount will be spent for IT, new stores and maintenance.

$LMNX {{ '2017-05-24T13:17:49+0000' | timeago}} • Announcement

$LMNX declared a cash dividend for the 2Q17 of $0.06 per share, payable on July 14, 2017 to stockholders of record as of the close of business on June 23, 2017.

$EIX {{ '2017-05-24T13:16:52+0000' | timeago}} • Announcement

$EIX and Southern California Edison said Michael Camunez has been elected to the BoD of each company, effective June 15. Camunez is president and CEO of ManattJones Global Strategies.

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