$FAST plans to expand its pace of store openings in 2016 with a goal of opening 60 to 75 new stores, up about 2-3% over the number of stores as of December 31, 2015. $FAST opened 41 stores and closed or consolidated 50 stores in 2015.
$AES reported a wider 4Q16 loss due to impact from the devaluation in foreign currencies, lower electricity prices, certain gains that benefited 2015 results and higher non-cash impairment losses. This is partially offset by a lower effective tax rate.
$IART said that a tender offer by its subsidiary Integra Derma to buy all outstanding common and preferred shares of $DSCI at an offer price of $7.00 per common share, $32.00 per Series A Convertible Preferred share and $48.00 per Series B Convertible Preferred share, expired as scheduled on Feb. 22, 2017.
$TNC agreed with private equity fund Ambienta to buy IPC Group, a privately-held designer and manufacturer of commercial cleaning solutions based in Italy, in an all-cash transaction valued at about $350MM. $TNC expects the acquisition to be accretive to 2018 EPS. $TNC expects the acquisition to be completed in the 2Q17.