$ZION expects the mix of interest-earning assets to change over the next several quarters due to slight-to-moderate loan growth in the commercial and industrial portfolios, accompanied by somewhat less growth in commercial real estate loans.
$HSY expects to reduce its global workforce by about 15%, driven primarily by its hourly headcount outside of the US. This is part of $HSY's "Margin for Growth" program, which is expected to enable investments in business model and generate about 22% to 23% adjusted operating profit margin by 2019 end.
$CTRE has appointed Spencer Plumb as an independent Class III director to its BoD, effective February 28, 2017. Plumb's appointment follows Gary Sabin's resignation from the BoD, effective August 1, 2016. Plumb is the CEO of Sabin Holdings, a global real estate platform.
$AMED signed a deal to buy home health and hospice operations in Arizona, Illinois, Massachusetts and Texas from $THC. Healthcare company Amedisys has announced six acquisitions since Dec. 2015, deploying about $125MM in capital.
$ABCB expects to use the net proceeds of $75MM public offering for general corporate purposes, including providing capital to support its growth organically, financing investments and capex and repaying debt. Stephens Inc. and Keefe, Bruyette & Woods, A Stifel Company, will serve as the joint book-running managers for the offering.