NEW YORK, April 2, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Digital Realty Trust Inc. (NYSE: DLR), ACE Limited (NYSE: ACE),
Essex Property Trust Inc. (NYSE: ESS), Realogy Holdings Corp.
(NYSE: RLGY), and M&T Bank Corporation (NYSE: MTB). Private
wealth members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.AnalystsReview.com/register
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Digital Realty Trust Inc. Analyst Notes
On March 17, 2014, Digital Realty
Trust Inc. (Digital Realty) announced that Michael F. Foust has left his post as CEO,
effective immediately. Additionally, the Company stated that the
Board has appointed A. William
Stein, CFO and CIO, to serve as Interim CEO. Commenting on
the news, Dennis Singleton, Chairman
of the Board of Directors, stated, "With this solid foundation in
place, the board and Mike mutually agreed that it was an
appropriate time to find the next leader to help guide Digital
Realty to the next level and scale of operational sophistication.
We are very thankful to Mike for his many years of dedicated
service to Digital Realty, and for the remarkable business he has
built. We are gratified that Bill
Stein has agreed to serve as Interim Chief Executive Officer
while we conduct a search for a successor." The full analyst notes
on Digital Realty Trust Inc. are available to download free of
charge at:
http://www.AnalystsReview.com/04022014/DLR/report.pdf
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ACE Limited Analyst Notes
On March 26, 2014, ACE Limited
(ACE) announced the introduction of standalone Passenger Accident
Insurance. According to ACE, the coverage provides accident death
and dismemberment, and accident medical/dental expense benefits for
authorized passengers who are injured while traveling with a driver
who is working under the operating authority of the motor carrier.
Additionally, the Company stated that the expanded capability
complements ACE's existing product portfolio, which is designed to
meet the unique needs of the transportation industry through
customized insurance solutions. The full analyst notes on ACE
Limited are available to download free of charge at:
http://www.AnalystsReview.com/04022014/ACE/report.pdf
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Essex Property Trust Inc. Analyst Notes
On March 28, 2014, Essex Property
Trust Inc. (Essex) announced that
the stockholders have approved the issuance of shares of Essex
common stock to the stockholders of BRE Properties, Inc. (BRE) in
connection with the merger of BRE with and into BEX Portfolio,
Inc., a direct wholly owned subsidiary of Essex (formerly known as Bronco Acquisition
Sub, Inc.). According to the release, approximately 87.1% of the
outstanding shares of the Company common stock voted with respect
to the proposed issuance, and of those outstanding shares that
voted, around 99.8% voted in favor of the issuance. Additionally,
Essex stated that as of
April 1, 2014, the merger is expected
to close, subject to the satisfaction or waiver of the remaining
conditions to the closing of the merger set forth in the merger
agreement. The full analyst notes on Essex Property Trust Inc. are
available to download free of charge at:
http://www.AnalystsReview.com/04022014/ESS/report.pdf
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Realogy Holdings Corp. Analyst Notes
On March 17, 2014, Realogy
Holdings Corp. (Realogy) announced the appointment of Stephen Fraser as Chief Information Officer, and
Senior Vice President. According to Realogy, Fraser will develop
and execute the Company's enterprise-wide technology strategy.
Additionally, the Company stated that Fraser will also align the IT
vision with business objectives for each business unit, have direct
oversight of the corporate IT functions, develop and deliver
technology solutions for the business benefit of its corporate
customers, affiliated brokers and agents, and consumers across the
Company's brand networks. The full analyst notes on Realogy
Holdings Corp. are available to download free of charge at:
http://www.AnalystsReview.com/04022014/RLGY/report.pdf
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M&T Bank Corporation Analyst Notes
On March 27, 2014, M&T Bank
Corporation (M&T) announced that the Federal Reserve did not
object to its proposed 2014 Capital Plan. According to M&T,
since there is no objection, the Company may maintain a quarterly
common stock dividend of $0.70 per
share, pay dividends and interest on other equity and debt
instruments included in regulatory capital, preferred stock, trust
preferred securities and subordinated debt that were outstanding at
December 31, 2013, consistent with
the contractual terms of those instruments, and redeem or
repurchase up to $50 million of
subordinated debt, with common and preferred dividends subject to
approval of the Company's Board of Directors in the ordinary course
of business. Additionally, the Company stated that its pending
acquisition of Hudson City Bancorp, Inc. (Hudson City) remains subject to regulatory
approval, including approval by the Federal Reserve, and certain
other closing conditions. The Company also stated that its capital
plan submission included a pro forma projection of assets, results
of operations and net capital issuance incorporating the proposed
acquisition of Hudson City, in
accordance to the Federal Reserve's instructions for the 2014
stress tests that required institutions to incorporate any proposed
business plan changes in their stress tests results. The full
analyst notes on M&T Bank Corporation are available to download
free of charge at:
http://www.AnalystsReview.com/04022014/MTB/report.pdf
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