Specialty chemicals company $ALB said its BoD has declared a quarterly dividend of $0.305 per share, an increase of 5% over previous dividend of $0.29. The dividend, at an annualized rate of $1.22, is payable April 1, 2016 to shareholders of record on March 16, 2016.
$FCF's banking subsidiary First Commonwealth Bank completed the purchase of 13 former FirstMerit Bank, NA branches in Canton and Ashtabula, Ohio. This transaction enhances First Commonwealth's presence in Northeast Ohio by building on its existing loan production offices in Cleveland and suburban Akron.
$AVY signed wind power purchase agreement (PPA) with Apex Clean Energy to offset 50% of the company's U.S.-based greenhouse gas emissions derived from electricity consumption, signaling commitment by $AVY to renewable energy and energy efficient practices and technology.
$MWW announced final results of its offer to repurchase any and all of its outstanding 3.50% convertible senior notes due 2019, which expired on Dec. 2, 2016. $MWW accepted for purchase $91.231MM aggregate of notes, or about 68.2% of the outstanding notes that were validly tendered and not properly withdrawn.
$ARE's BoD declared a quarterly cash dividend of 83 cents per common share for 4Q16. the dividend is payable on Jan. 17, 2017 to shareholders of record on Dec. 30, 2016. This represents an increase of 3 cents or 4% over 3Q16.
$IART appointed Robert Davis Jr. as corporate VP and president, Orthopedics and Tissue Technologies. Dan Reuvers will assume corporate VP and president, Specialty Surgical Solutions (SSS). Glenn Coleman, corporate VP, CFO and principal accounting officer, will also assume oversight of international business. These are effective Dec. 1, 2016.