Banking & Finance
Dohmen sells Restat for $409.5 million
Lisle, Ill.-based Catamaran Corp. will buy Milwaukee-based Restat from its parent company, Milwaukee-based Dohmen, for $409.5 million, the companies announced today. The deal is expected to close in the fourth quarter of this year.
Waterstone income dips
Waterstone Financial Inc., the Wauwatosa-based parent company of WaterStone Bank, reported second quarter net income of $4.9 million, or 16 cents per share, down from $6.2 million, or 20 cents per share, in the second quarter of 2012.
Fiserv earnings down
Brookfield-based Fiserv Inc. reported second quarter net income of $151 million, or $1.13 per share, down from $161 million, or $1.17 per share, in the second quarter of 2012.
Artisan Partners earnings up
In its second quarter as a publicly traded company, Artisan Partners Asset Management Inc. reported earnings of $5.7 million, or $0.38 per share, up from $3 million or $0.19 per share in the first quarter.
Stocks may rally into late August
Bruce Bittles, Robert W. Baird & Co. Inc. chief investment strategist, wrote in his market notes yesterday that he expects the stock market to continue its rally into late August.
MGIC returns to profitability
Reflecting the growing rebound of the U.S. housing market, Milwaukee-based MGIC Investment Corp. reported its first quarterly profit since 2010.
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Harley anniversary will boost Marcus Corp.
The Marcus Corp. reported fiscal fourth quarter net earnings of $3.5 million, or 13 cents per share, down from $6.7 million, or 23 cents per share, in the same period a year ago.
Harley sales soar
Harley-Davidson Inc. reported second quarter net income of $271.7 million, or $1.21 per share, up from $247.3 million, or $1.21 per share, in the same period a year ago.
Roadrunner Transportation acquires Missouri firm
Cudahy-based Roadrunner Transportation Systems Inc. announced that it has acquired all of the outstanding membership interests of Springfield, Mo.-based logistics firm Marisol International LLC for a total purchase price of $66 million, plus an earn-out capped at $2.5 million.
Generac to Acquire Tower Light business
Waukesha-based Generac Holdings Inc. announced it has signed a purchase agreement to acquire the equity of Tower Light Srl and its wholly-owned subsidiaries from European private equity fund Ambienta I and a group of minority-share investors.
