Published On: Fri, Apr 21st, 2017

Unilever (NYSE:UL) Inked Contract To Purcahse Sir Kensington’s- Houston-based Whitestone (WSR), People’s United Financial (PBCT)

Unilever PLC (NYSE:UL) climbed 0.46% to settle at $50.44 with the total traded volume of 1.43 Million shares. Unilever (UL) reported that it has signed contract to acquire Sir Kensington’s, a New York-based condiment maker.Sir Kensington’s is a mission-driven company and a pioneer and leader in condiments sold in the organic and natural marketplace. Having seen strong growth the past four years, the product line now includes award-winning mustard, ketchup, mayonnaise and a ground-breaking vegan mayo made from aquafaba called Fabanaise.

Launched in 2010, Sir Kensington’s is dedicated to using the finest, sustainably sourced ingredients. Sir Kensington’s mission, and its products, align with Unilever’s vision to make sustainable living commonplace and will complement the company’s current portfolio of products in its Foods category.

President, Unilever North America, KeesKruythoff said, “We are excited to bring Sir Kensington’s into the Unilever family. Their mission to bring ‘integrity and charm to ordinary and overlooked food’ is very much in line with our Unilever Sustainable Living Plan. “Sir Kensington’s is an innovative business with outstanding products and a leader in the organic and natural marketplace. We look forward to leveraging our joint understanding of food trends and consumer preferences to importantly grow the business.”

The firm’s shares performance for the last one month was 0.80% and -0.71% in the previous week, whereas year to date performance was calculated 24.96%. Why Investors Right to Know NYSE:UL Performance? Get Your Free Report Here

Houston-based Whitestone REIT (NYSE:WSR) reported that April 19 it plans to buy Blvd Place, a mixed-use development in Houston’s Galleria area, and build an additional phase.

The real estate investment trust also reported it would buy Eldorado Plaza in the Dallas area in a separate transaction. Combined, Whitestone is spending $204.6 million on the two deals, which are expected to close in May. Blvd Place is a Class A lifestyle center with 216,944 square feet of leasable space. Whitestone also acquired approximately 1.43 acres of developable land, where the REIT will build another phase of the development.

Blvd Phase II-B will be a six-story, 137,000-square-foot building, including 46,000 square feet of retail space on the first two floors and 91,000 square feet of office space on the top four floors. Whitestone expects the project to cost $45 million, but information about the construction timeline was not included in the announcement. Why: on Bearish Notes in Eye of Experts? Find Facts Here

People’s United Financial, Inc. (NASDAQ:PBCT) surged 0.17% in last regular trading with 5.81 Million trading volume. People’s United Financial Inc. (PBCT) reported that its first-quarter profit of $70.8 million. The Bridgeport, Connecticut-based company said it had net income of 22 cents per share. The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 22 cents per share.

The holding company for People’s United Bank posted revenue of $375.2 million in the period. Its adjusted revenue was $333.3 million. How NASDAQ:PBCT Taste Ups And Down- Read Full Report Here