NEW YORK, July 7, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Bank of America Corporation (NYSE: BAC), Kite Realty Group Trust (NYSE: KRG), Doral Financial Corp. (NYSE: DRL), American Homes 4 Rent (NYSE: AMH) and National General Holdings Corp. (NASDAQ: NGHC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4502-100free.
Bank of America Corporation Analyst Notes
On July 1, 2014, Bank of America Corporation (Bank of America) announced that Bank of America Chicago Marathon has recognized veteran business leader Jim Jenness as the fourth annual recipient of the Richard M. Daley and Maggie Daley Award. According to the Company, established in 2010, the award honors the Bank of America Chicago Marathon participant who raised the most funds for charity through the annual Bank of America Chicago Marathon. Additionally, the Company stated that being a member of the Mercy Home Heroes team, Jenness raised more than $81,000 for the children and families in need. Commenting on the award, Tim Maloney, Illinois President, Bank of America, said, "It's our honor to present this distinguished award to Jim for his outstanding efforts in supporting an organization that, like the marathon, contributes to making a difference throughout Chicago." The full analyst notes on Bank of America are available to download free of charge at:
Kite Realty Group Trust Analyst Notes
On July 1, 2014, Kite Realty Group Trust (Kite Realty) announced that the Company has completed its merger with Inland Diversified Real Estate Trust, Inc. (Inland Diversified). The transaction, valued at approximately $2.1 billion, was approved by stockholders of both companies at their respective special meetings on June 24, 2014. Additionally, Kite Realty stated that as a result of the merger, each former share of Inland Diversified common stock has been converted into c.1.71 newly issued Kite Realty common shares. Kite Realty informed that the combined company will continue to trade on NYSE under ticker symbol KRG. Commenting on the merger, Kite Realty Chairman and CEO, John A. Kite, said, "We are extremely excited to close the merger with Inland Diversified, which represents a transformative event in the history of our company. This transaction creates a $4 billion company and provides a number of significant financial and operational benefits." The full analyst notes on Kite Realty are available to download free of charge at:
Doral Financial Corp. Analyst Notes
On July 2, 2014, Doral Financial Corp.'s (Doral Financial) stock increased by 75.43%, closing at $7.07. Reuters reported on the same day that an appeals court in Puerto Rico reversed a lower court's ruling that the Company lacked jurisdiction to hear a case stemming from its tax dispute with the government. Reuters further stated that the Company had sued the government in May for voiding an agreement that required the Treasury Department to pay it about $230 million in tax refund. Over the past three-day trading period, Company's stock increased by a significant 56.07% compared to the S&P 500 which went up by 0.70% during the same trading session. The full analyst notes on Doral Financial are available to download free of charge at:
American Homes 4 Rent Analyst Notes
On July 1, 2014, American Homes 4 Rent (AMH) announced its successful acquisition of Beazer Pre-Owned Rental Homes, Inc. According to the Company, the acquisition adds to its portfolio more than 1,300 homes located in Arizona, California, Florida and Nevada. AMH stated that the acquisition was completed through a tax-free merger of Beazer Rental Homes with a newly formed merger subsidiary of the Company. Additionally, the Company stated that the merger consideration consisted of an approximate 8.2 million AMH common shares (subject to adjustment based on reconciliation of the closing working capital acquired) and up to $5.0 million in cash held in an indemnification escrow. The full analyst notes on AMH are available to download free of charge at:
National General Holdings Corp. Analyst Notes
On June 27, 2014, National General Holdings Corp. (National General Holdings) announced that the Company has agreed to acquire certain assets of Imperial Management Corporation (Imperial), with the transaction closing effective immediately. According to the Company, the acquired assets include Imperial's underwriting subsidiaries Imperial Fire & Casualty Insurance Company and National Automotive Insurance Company, its retail agency subsidiary ABC Insurance Agencies, and its managing general agency subsidiary RAC Insurance Partners. Additionally, the Company stated that total purchase price for the transaction will approximate GAAP book value of the combined operations, including $20 million cash consideration for the operating companies, a distribution to the seller of certain Imperial invested assets, and a recapitalization of the insurance subsidiaries after closing. The full analyst notes on National General Holdings are available to download free of charge at:
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