Tesco to be Acquired by Nabors, Thanks to Tony Petrello

Nabors Industries is known as one of the most successful oil drilling and energy harvesting organizations in the world. The corporation is furthering already broad scope, recently closing a deal with Tesco Corporation that will make the fellow Houston-based organization a subsidiary. Tesco is known for renting, manufacturing, servicing, and designing products and services for the energy industry. It will join forces with Canrig, a provider of oil rig equipment to parent Nabors Industries, together contributing towards an expected run-rate synergy between $30 and $35 million annually.

Anticipated to close in late 2017 or Q1 2018, Nabors will compensate Tesco shareholders with shares of its common stock. These shareholders will receive 68 shares of Nabors’ stock for every 100 shares of Tesco’s, earning sizable premium in process. Newly-mented owners of Nabors shares will make up about 10% of total outstanding stock, the value of which can be calculated from a market capitalization of $181 billion at $181.5 million, spread across its shareholders.

Nabors is no stranger to acquisitions, ventures, and partnerships in recent years, having created a partnership with Weatherford International and a venture with Saudi Aramco.

Tony Petrello came from humble beginnings, fortunate enough to enroll in Yale University, an Ivy League school, to study mathematics. Petrello earned both a bachelor’s and master’s degree at the school, a feat impressive enough in itself, at the young age of 19, to boot. He married his wife Cynthia after earning his graduate degree, shortly after modifying his career aspirations, desiring a career in law. Petrello accepted to Harvard Law School, completing a juris doctorate in three years’ time.

The successful businessman joined the ranks of Nabors Industries in 1991, just four years after the organization’s reformation, following several years of poor financial performance. He’s more than doubled the stock price since joining, as well as significantly improving its financials – in FY 2016, Nabors netted $1.02 billion from $2.22 billion in revenue. Although performing so well, Petrello chooses not to take one of the nation’s highest salaries, however still earning enough to contribute a respectable $7 million to Texas Children’s Hospital intended for neurological research.

Read More: executives.findthecompany.com/l/18290/Anthony-G-Petrello

Highland Capital Management Donates a Grant of $1 Million in Support of Family Violence Victims

In October 2016, The Family Place received a grant of $1 million from Highland Capital Management, LP to support its charitable initiatives. The President of HCM James Dondero made the announcement during an annual event organized by The Family Place. Mr. Dondero said the grant would be channeled through its philanthropic affiliate Highland Dallas Foundation, Inc. The Family Place is a Dallas based organization that focuses on helping victims of family violence. The organization was targeting to raise $2.8 million to support its Legacy Campaign, and HCM had pledged to contribute half of the amount raised in this campaign.

According to the co-founder of Highland, they accepted to support The Family Place after local authorities in Dallas requested well wishers to assist in ending the family violence issue in Dallas. The Legacy Campaign was supposed to fund the construction of Counseling Center in Central Dallas to cater for the needs of victims of family violence.

Insights about James Dondero

James Dondero is a Dallas based entrepreneur and businessman who in 1993 co-founded Highland Capital Management. He has worked in the credit and equity markets for over 30 years and has been mainly focusing on distressed and high-yield investment. Highland pioneered the formation of CLOs and credit solutions for individual and institutional investors globally. Under the leadership of Dondero, HCM has emerged as a leader in private equity fund, REITs, ETFs, hedge funds, CLOs, mutual funds and separate accounts.Mr. Dondero has received several accolades and honors such as the Lipper Award, Morningstar’s 5-star and Morningstar’s Healthcare Fund.

Before co-founding Highland Capital Management, Dondero served as CIO at Protective Life, an affiliate of GIC, where he helped it to grow from inception to over $2 billion asset under management.From 1985 to 1989, James Dondero worked at American Express serving as a Corporate Bond Analyst. He kicked off his career at Morgan Guaranty as an analyst. He graduated with highest honors from the University of Virginia where he majored in Accounting and Finance. He is an active philanthropist where he has supported various charitable causes in education, public policy and veteran affairs.

Lifeline Screening is a True Life Saver

The list of reasons to get screened for life threatening diseases and their severity run long and short. On the amicable side, Lifeline Screening uses state of the art technologies that are painless. These techniques used to screen for ailments are practiced by certified medical professionals. Moreover, many screens are available with little to no preparation. They also happen to be affordable, which really makes them convenient.No matter what you are being screened for at Lifeline Screening, there are three basic methods used. These are ultrasound, finger-stick and limited electrocardiograph.

Each one of these methods detects problems in a specific way. Ultrasound is used to determine if there is an issue in a particular area of the body. Some of the conditions this methods detects are abdominal aortic aneurysm, carotid artery disease and bone density. Finger-sticks find issues when it comes to cholesterol, proteins and enzymes. However, they are also used for lipid panels, glucose screenings and detecting cardiovascular disease. As the name suggests, an electrocardiograph detects issues in the heart such as fibrillation, which is a medical term for an irregular heartbeat. Regular EKG screenings greatly reduce the chance of a patient having a stroke.

On the not so amicable side for reasons to be screened for diseases, they are legion. The list includes, but is not limited to, osteoporosis, high blood pressure, prostate cancer, thyroid disease, lung cancer, type 2 diabetes and peripheral artery disease. However, none of them have to be a serious problem with early detection and preventive care.That is precisely what Lifeline Screening makes possible. The philosophy behind what this organization does is “Why diagnose when you can prevent?” and it makes perfect sense. As a team, this organization makes a difference in countless lives. But the way is not just through medicine. Their online blog site has tasty and healthy recipes for everyday way to take care of the body. In this way the organization’s expertise helps patients in the home and at the doctor’s office.

Source of the article : Here.

ARTHUR BECKER: THE MAN NOT AFRAID TO PUT HIS MONEY IN REAL ESTATE

Arthur Becker is the managing director of Madison Partners which is an investment company that majors in real estates and Bio Technology ventures in their early stages. Becker has headed quite a number of companies like Zinio Company; which is the world’s largest digital newsstand, and Navisite Company; that provides internet technology services in the United States and United Kingdom from the year 2002 to 2010. Moreover he worked at Vera Wang Fashion Company for 7 years as a senior advisor. Together with the employees their goal is to make sure they meet the clients demand.

In his view, the idea http://people.com/archive/vera-wang-arthur-becker-vol-43-no-6/f coming up with the Madison Company was drawn from the fact that he has a massive experience in technology and real estates. He also has a passion to venture in the business of bio technology. Currently he is working on a number of town houses on Sullivan St.in New York City. He also intends to build small luxury residential homes. Most of his time is spent in the construction sites and this makes him more flexible. The most important thing that has made him grow over the years is that he identified his talent and worked with visualized personnel to see him through in the business world. For anyone to succeed in any business Arthur’s advice is that they should listen to the people they work with and understand the market trends. One should also set goals and focus on achieving them. Investment requires patience and a skillful analytical mind.

Arthur is the owner of three adjacent town houses on the Sullivan street in Soho which he exchanged for his stake in the nearby developer. The town houses though not complete will be through within 90 days, he will live in one of them and the remaining two will be sold or leased out. Apart from this, he has invested in New York real estate through his Atlantic investors where he has invested around $500 million. Similarly, he has invested with JDS Development group, Property markets group and Ambase Corporation at 111 west 57th Street. Arthur sees great potential in the American real estate industry. He is willing to keep investing in it and hopes that other investors will do so. https://www.crunchbase.com/person/arthur-becker#/entity

Hussain Sajwani: An Educated And Business Smart Man

Hussain Sajwani has not only used his education, but also his wisdom to start many successful businesses. One business that he has started is The DAMAC Group which is a specialist catering company. With his company, he has also been involved with every aspect of real estate property. He has overseen the projects from construction to letting tenants or residents use the property as it was intended. With DAMAC, Hussain Sajwani helps connect people with the type of property they need while saving them money. Of course one of the goals of every major business is to provide what the customers want while saving them money.

 

Hussain Sajwani has made sure that his site is filled with different promotions and offers for his customers. This is very helpful in that this shows that the business values customers. In order for businesses to thrive, it needs to offer a lot for customers to consider. There needs to be tons of incentives for different types of customers so that they will be willing to shop from the company. Hussain Sajawi has a lot of incentives for when the customer starts shopping with DAMAC.

 

Hussain Sajwani has worked with many different famous figures. Among the people he has worked with is Donald Trump. He has built Trump PRVT at Akoya. His DAMAC site is filled with many different promotions. Aside from the offers presented on the homepage, there is a call to action for people that are interested so that they could take advantage of any new offers that may come up. DAMAC is a company that is designed to help people live a wealthy and luxurious life. There are a listing of events available for people that are interested in interacting with the company and learning more about what it has planned.

Read more:

https://www.bloomberg.com/profiles/people/15249401-hussain-ali-habib-sajwani