Did You See That Press Release? Beyonce’s Fragrance, GM’s Buyback and Pony’s Return
With thousands of news releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy releases you might have missed.
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Introducing Beyoncé Heat Wild Orchid
After the worldwide success of her best-selling fragrance Heat, which debuted in 2010, Beyoncé introduces her newest fragrance Heat Wild Orchid.
Beyoncé Heat Wild Orchid is an enticing, mouth-watering fragrance that emits a fierce, feminine energy. Created in collaboration with Firmenich Perfumer Honorine Blanc, it both invites and intoxicates those who encounter it.
At the heart of it all is the Butterfly Orchid, believed to have magical aphrodisiac qualities, which gives the scent its exotic signature. It is enveloped by an addictive mélange of fruits, florals and woods to create a captivating and memorable scent. See the full release to learn more.
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GM Announces Disciplined Capital Allocation Framework
General Motors Co. on March 9 announced a comprehensive capital allocation framework, as improving business performance and strong capital discipline enable increased returns to shareholders.
GM said a foundational element of its approach will be to return all available free cash flow to shareholders while it maintains an investment-grade balance sheet underpinned by a target cash balance of $20 billion. GM also announced that its board of directors authorized the initial repurchase of $5 billion in GM shares to begin immediately and conclude before the end of 2016.
GM in February announced its intent to increase its quarterly stock dividend to $0.36 per share effective in the second quarter of 2015 as part of the board’s regularly scheduled second quarter 2015 dividend declaration process, which would result in an expected dividend payout of approximately $5 billion through year-end 2016. See the full release to learn more.
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My Little Pony: Friendship Is Magic Gallops Into Action With All-New Adventures Beginning April 4
Pony fans, rejoice! An all-new season of My Little Pony: Friendship is Magic, the beloved series created by Hasbro Studios, debuts on Discovery Family April 4, with two back-to-back premiere episodes at 11 a.m. and 11:30 a.m.
Packed with new adventures, characters and self-discovery, season 5 kicks off with a very special one-hour premiere, as our favorite ponies continue to explore the true magic of friendship only possible in Equestria. See the full release to learn more about the show.
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Simon Property Group Proposes to Acquire Macerich for $91 per Share in Cash and Stock
Simon Property Group Inc. on March 9 announced that it has sent a letter to Macerich Co. confirming its prior discussions regarding Simon’s proposal to acquire all of the outstanding stock of Macerich for $91 per share in cash and Simon shares. The total value of the proposed transaction is approximately $22.4 billion, including the assumption of Macerich’s approximately $6.4 billion of debt outstanding (inclusive of its pro rata share of mortgage debt from unconsolidated entities).
Macerich shareholders would receive consideration in the form of 50 percent cash and 50 percent Simon common stock, utilizing a fixed exchange ratio. See the full release to learn more about the offer.
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Priceline.com Reveals the Top 50 Most Popular Spring Break Destinations According to College Students
Every year spring break offers college students a much-needed respite from their late-night study sessions and an excuse to take a spontaneous getaway with friends. In fact, 73 percent of Americans between the ages of 18 and 24 say they are likely to take a last-minute getaway in 2015, according to a recent survey commissioned by the brand.
In March, students are reserving more hotel rooms in Las Vegas, the most popular 2015 spring break destination, than anywhere else. Runner-up destinations include Orlando, New York City, Phoenix, and Orange County, according to actual hotel reservations made by college students on priceline.com. See the full release to learn what destinations made the list.
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Larry Grady is online content manager at PR Newswire for Journalists. He has worked in business media for nearly 30 years and enjoys reality TV and daydreaming about travel and wine.