Venture Capital Can Bring Uncorrelated Gains To An Independent Investor’s Portfolio. Ares Capital (ARCC).

Public
Traded asNYSEARES
IndustryAsset Management
Founded1997; 20 years ago
FounderAntony Ressler, John Kissick, Michael Arougheti, David Kaplan, and Bennett Rosenthal
Headquarters2000 Avenue of the Stars
Los Angeles, United States
ProductsCredit (Liquid and illiquid strategies- corporate loans, high yield bonds, institutional credit, credit opportunities, special situations, asset-backed, direct lending in the U.S. and Europe), Private Equity (North American and European flexible capital, U.S. power and infrastructure assets, China growth capital), and Real Estate (debt and equity- U.S. and European value-add and opportunistic)
RevenueIncrease US$ 1.199 billion (2016)[1]
Increase US$ 182.8 million (2016)[1]
Increase US$ 111.8 million (2016)[1]
Total assetsIncrease US$ 5.830 billion (2016)[1]
Total equityDecrease US$ -8.9 million (2016)[1]
Number of employees
925 (2016)[1]
Websitewww.aresmgmt.com
www.arescapitalcorp.com
www.arescre.com
www.arespublicfunds.com

Ares Management, L.P. is a publicly traded, global alternative asset manager focused on alternative strategies, including credit, private equity, and real estate activities.

History[edit]

The firm was established in 1997.[2] The firm’s co-founders include Antony Ressler, Michael Arougheti, David Kaplan, John H. Kissick, and Bennett Rosenthal.[3]

Ares Capital Management LLC, a subsidiary of Ares Management, L.P. and an SEC-registered investment adviser, is the investment adviser to Ares Capital Corporation, a publicly traded closed-end, non-diversified specialty finance company that is regulated as a business development company, or a BDC, under the Investment Company Act of 1940. Established in 2004, Ares Capital Corporation provides financing for middle market acquisitions, recapitalizations, and leveraged buyouts, mainly in the United States.

Ares Management Limited, a subsidiary of Ares Management, L.P., was established in 2006 as an expansion of the Ares business platform into Europe. As such, it is focused on Ares European capital markets operations. Ares Management Limited is authorized under the Financial Conduct Authority (FCA) in the United Kingdom to provide certain investment advisory services. In May 2007, a minority interest in the firm was acquired by an international institutional investor, Abu Dhabi Investment Authority. The investor is experienced in alternative asset classes and did not acquire any voting or governance rights via its investment.[4]

In May 2014, Ares Management completed its initial public offering and is currently listed on the New York Stock Exchange.[5]

In April 2016, Ares Management closed its fifth global private equity fund, raising $7.85bn (€6.95bn).[6]

Operations[edit]

Business platforms[edit]

Ares’ investment activities are conducted through three business platforms:

  • Ares Credit Group manages liquid and illiquid credit strategies across the non-investment grade credit universe, with approximately $60.0 billion in assets under management as of May 10, 2016.[7] Credit strategies include corporate loans, high yield bonds, institutional credit, credit opportunities, special situations, asset-backed, direct lending in the U.S. and Europe. Ares’ U.S. corporate lending activities are primarily conducted through Ares Capital Corporation and a separate commercial finance business that provides asset-based and cash flow loans to small and middle market companies. Ares’ European direct lending platform focuses on self-originated investments in illiquid middle market credits across commingled funds, separately managed accounts, and joint venture lending programs.
  • Ares Private Equity Group makes opportunistic majority or shared-control investments, principally in under-capitalized middle market companies and manages investments in U.S. power and infrastructure assets across the power generation, transmission, and midstream sectors. The Private Equity Group manages approximately $23.3 billion in assets under management through four corporate private equity commingled funds focused on North America and, to a lesser extent, Europe, one China growth fund and four commingled funds and six related co-investment vehicles focused on U.S. power and infrastructure assets as of May 10, 2016.[7]
  • Ares Real Estate Group manages public and private equity and debt investments in real estate assets in North America and Europe. With approximately $10.2 billion in assets under management, the Real Estate Group manages several investment vehicles including its publicly traded REIT, Ares Commercial Real Estate Corporation, U.S. and European real estate private equity commingled funds and real estate equity and debt separately managed accounts as of May 10, 2016.[7]

References[edit]

External links[edit]

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Securitization can bring Equity to the Independent Investors by using REITS. MFA Financial Inc. (MFA)

MFA Financial Stock Price (NYSE:MFA)

ADD TO MY STOCKS

$7.71 $0.15 (1.98%) MFA stock closing price Dec 16, 2016

MFA Stockcharts

Jan ’16May ’16Sep ‘1656789
Note: Compare MFA Financial stock price history with the index and industry peers.

MFA Financial Valuation

PE ratio

(price earnings ratio)

9.76

PS ratio (

price to sales ratio

)

6.08

PB ratio (

price to book ratio

)

0.98

MFA Financial Returns

ROE

(return on equity)

11%

MFA Financial Financial Ratios

Asset Turnover

0.04

Receivables Turnover

0.46

Debt to Equity

2.9

Dividend Yield

10.38%

MFA Industry Peers

CompanyPriceChange (%)
Chimera Investment (CIM)170.35 (2.1%)
Two Harbors Investments (TWO)8.930.19 (2.17%)
Mtge Investment (MTGE)15.950.4 (2.57%)
Five Oaks Investment (OAKS)5.160.07 (1.38%)
Hatteras Financial (HTS)16.290.09 (0.56%)
Agnc Investment (AGNC)17.870.34 (1.94%)
Bimini Capital (BMNM)2.690 (0%)

Top Stock Gainers

show top losers
CompanyPriceChange (%)
CYS Investments (CYS)7.710.29 (3.91%)
New York Mortgage (NYMT)6.760.25 (3.84%)
Hannon Armstrong (HASI)19.540.67 (3.55%)
Ellington Residential Mortgage REIT (EARN)13.490.45 (3.45%)
Capstead Mortgage (CMO)10.210.33 (3.34%)
Annaly Capital Management (NLY)10.20.31 (3.13%)
Dynex Capital (DX)7.020.21 (3.08%)
Top gainers from REIT-Mortgage Trust industry
* As of Dec 16, 2016

MFA Financial Financial Statements

income statement20152014201320122011
Net Sales Or Revenues492.14M463.81M482.94M499.15M496.74M
Net Income313.22M313.5M302.7M306.83M316.41M
Total Operating Expense42.04M40.74M33.68M33.56M31.17M
view MFA Financial, Inc. income statement
balance sheet20152014201320122011
Total Assets13.17B12.35B12.47B13.52B11.75B
Total Liabilities10.2B9.15B9.33B10.21B9.25B
Shareholders Equity2.97B3.2B3.14B3.31B2.5B
view MFA Financial, Inc. balance sheet
cash flow statement20152014201320122011
Net Increase (Decrease) In Assets Liabilities54.73M28.74M20.04M-3.11M-3.36M
Net Cash From (Used By) Operating Activities282.17M255.81M298.08M310.38M334.4M
Increase (Decrease) In Prop Plant And Equipment
view MFA Financial, Inc. cashflow statement

MFA Financial, Inc. Stock News – Partner Headlines

MFA Financial Stock Message Board

An investor needs to spend 7.56 to buy MFA stock, as the closing MFA Financial stock price is 7.56. The total market value as denoted by 2.84B for MFA Financial, is the market value of the company’s outstanding shares. MFA Financial valuation can be different from its intrinsic stock price when viewed from a value investors perspective.

For recognizing and analyzing the real performance of MFA Financial stock, it is a standard practise to adjust historical stock prices to remove gaps caused by stock splits, dividends and distributions. 2229349 MFA shares were traded yesterday, and MFA Financial stock chart shows that the MFA stock quote hit a day high of 7.66 and day low of 7.53. The board of directors decide what percentage of a company’s earnings will be paid out as dividends. MFA Financial stock dividend was 0.8 during the last quarter. MFA Financial stock price history, gives the entire historical data for MFA stock.

Posted in Uncategorized | Comments Off on Securitization can bring Equity to the Independent Investors by using REITS. MFA Financial Inc. (MFA)

The Antidote for Delivering Positive Equity runs thru the Pharmaceutical Industry. (Pfizer Inc.) (PFE).

Pfizer Inc. /ˈfzər/ is an American global pharmaceutical corporation headquartered in New York City,[3] with its research headquarters in Groton, Connecticut. It is among the world’s largest pharmaceutical companies.[4] Pfizer is listed on the New York Stock Exchange, and its shares have been a component of the Dow Jones Industrial Average since 2004.[5]

Pfizer develops and produces medicines and vaccines for a wide range of medical disciplines, including immunology, oncology, cardiology, diabetology/endocrinology, and neurology. Pfizer’s products include the blockbuster drug Lipitor (atorvastatin), used to lower LDL blood cholesterol; Lyrica (pregabalin) for neuropathic pain/fibromyalgia; Diflucan (fluconazole), an oral antifungal medication; Zithromax (azithromycin), an antibiotic; Viagra (sildenafil) for erectile dysfunction; and Celebrex/Celebra (celecoxib), an anti-inflammatory drug.

Pfizer was founded in 1849 by cousins Charles Pfizer and Charles F. Erhart in New York City as a manufacturer of fine chemicals. Its discovery of Terramycin (oxytetracycline) in 1950 put it on a path towards becoming a research-based pharmaceutical company. Pfizer has made numerous acquisitions, including Warner–Lambert in 2000, Pharmacia in 2003, and Wyeth in 2009 (the largest of the three at $68 billion).[6][7]

In 2016, Pfizer Inc. was expected to merge with Allergan plc, in a deal that would have been worth $160 billion, to create the Ireland-based “Pfizer plc”.[8] The merger was called off in April 2016 due to recent new rules from the United States Treasury against inversions.[9]

Pfizer Inc.
Public
Traded asNYSEPFE (component of Dow 30 and S&P 500)
IndustryPharmaceutical
Founded1849; 167 years ago
FoundersCharles Pfizer
Charles F. Erhart
HeadquartersNew York City, United States
Area served
Worldwide
Key people
Ian Read (Chairman & CEO)
ProductsSee list
RevenueDecrease US$48.85 billion (2015)[1]
Decrease US$11.05 billion (2015)[1]
Decrease US$7.74 billion (2015)[1]
Total assetsDecrease US$169.3 billion (2015)[1]
Total equityDecrease US$71.30 billion (2015)[1]
Number of employees
78,300 (2015)[2]
SubsidiariesAgouron Pharmaceuticals
G.D. Searle
Greenstone
Hospira
InnoPharma
Parke-Davis
Pfizer UK
Websitewww.pfizer.com

History[edit]

19th century[edit]

Charles Pfizer

Pfizer is named after German-American Charles Pfizer who co-founded the company with his cousin Charles F. Erhart. Originally from Ludwigsburg, Germany, they launched a chemicals business, Charles Pfizer and Company, from a building at the intersection of Harrison Avenue and Bartlett Street[10] in Williamsburg, Brooklyn, in 1849. There, they produced an antiparasitic called santonin. This was an immediate success, although it was the production of citric acid that really kick-started Pfizer’s growth in the 1880s. Pfizer continued to buy property to expand its lab and factory on the block bounded by Bartlett Street; Harrison Avenue; Gerry Street; and Flushing Avenue. Pfizer’s original administrative headquarters was at 81 Maiden Lane in Manhattan.[10]

20th century[edit]

By 1906, sales totaled $3.4 million.[11]

World War I caused a shortage of calcium citrate that Pfizer imported from Italy for the manufacture of citric acid, and the company began a search for an alternative supply. Pfizer chemists learned of a fungus that ferments sugar to citric acid and were able to commercialize production of citric acid from this source in 1919. As a result, Pfizer developed expertise in fermentation technology. These skills were applied to the mass production of the antibiotic penicillin during World War II in response to the need of the U.S. government to treat injured Allied soldiers; most of the penicillin that went ashore with the troops on D-Day was made by Pfizer.[12]

In the 1940s, penicillin became very inexpensive. As a result, Pfizer searched for new antibiotics with greater profit potential. Pfizer’s discovery and commercialization of Terramycin (oxytetracycline) in 1950 changed the company from a manufacturer of fine chemicals to a research-based pharmaceutical company. To augment its research in fermentation technology, Pfizer developed a drug discovery program focusing on in vitro synthesis. Pfizer also established an animal health division in 1959 with an 700-acre (2.8 km2) farm and research facility in Terre Haute, Indiana.

By the 1950s, Pfizer had established offices in Belgium, Brazil, Canada, Cuba, Mexico, Panama, Puerto Rico, and the United Kingdom. In 1960, the company moved its medical research laboratory operations out of New York City to a new facility in Groton, Connecticut. In 1980 Pfizer launched Feldene (piroxicam), a prescription anti-inflammatorymedication that became Pfizer’s first product to reach one billion United States dollars in total sales.[13]

During the 1980s and 1990s, Pfizer Corporation growth was sustained by the discovery and marketing of Zoloft, Lipitor, Norvasc, Zithromax, Aricept, Diflucan, and Viagra.

2000–10[edit]

In this decade, Pfizer grew by mergers, including those with Warner–Lambert (2000), Pharmacia (2003), and Wyeth (2009).

On June 26, 2006, Pfizer announced it would sell its Consumer Healthcare unit (manufacturer of Listerine, Nicorette, Visine, Sudafed and Neosporin) to Johnson & Johnson for $16.6 billion.[14][15][16]

Development of torcetrapib, a drug that increases production of HDL, or “good cholesterol”, which reduces LDL thought to be correlated to heart disease, was cancelled in December 2006. During a Phase III clinical trial involving 15,000 patients, more deaths occurred in the group that took the medicine than expected, and a sixty percent increase in mortality was seen among patients taking the combination of torcetrapib and Lipitor versus Lipitor alone. Lipitor alone was not implicated in the results, but Pfizer lost nearly $1 billion developing the failed drug and the market value of the company plummeted afterwards.[17][18][19]

In September 2009, Pfizer pleaded guilty to the illegal marketing of the arthritis drug Bextra for uses unapproved by the U.S. Food and Drug Administration (FDA), and agreed to a $2.3 billion settlement, the largest health care fraud settlement at that time.[20]

A July 2010 article in BusinessWeek reported that Pfizer was seeing more success in its battle against makers of counterfeit prescription drugs by pursuing civil lawsuits rather than criminal prosecution. Pfizer has hired customs and narcotics experts from all over the globe to track down fakes and assemble evidence that can be used to pursue civil suits for trademark infringement. Since 2007, Pfizer has spent $3.3 million on investigations and legal fees and recovered about $5.1 million, with another $5 million tied up in ongoing cases.[21]

On May 6, 2013, Pfizer told The Associated Press it would begin selling Viagra directly to patients via its website.[22]

Warner–Lambert acquisition[edit]

Pfizer acquired Warner–Lambert in 2000 for $111.8 billion.[23] Warner–Lambert was founded as a Philadelphia drug store in 1856 by William R. Warner. Inventing a tablet-coating process gained Warner a place in the Smithsonian Institution. Parke–Davis was founded in Detroit in 1866 by Hervey Parke and George Davis. Warner–Lambert took over Parke–Davis in 1976, and acquired Wilkinson Sword in 1993 and Agouron in 1999.

Pharmacia acquisition[edit]

In 2002, Pfizer merged with Pharmacia. The merger was again driven in part by the desire to acquire full rights to a product, this time Celebrex (celecoxib), the COX-2 selective inhibitor previously jointly marketed by Searle (acquired by Pharmacia) and Pfizer. In the ensuing years, Pfizer carried out a massive restructuring that resulted in numerous site closures and the loss of jobs including Terre Haute, Indiana; Holland, Michigan; Groton, Connecticut; Brooklyn, New York; Sandwich, England; and Puerto Rico.

Pharmacia had been formed by a series of mergers and acquisitions from its predecessors, including Searle, Upjohn and SUGEN.

Searle was founded in Omaha, Nebraska, in April 1888. The founder was Gideon Daniel Searle. In 1908, the company was incorporated in Chicago, Illinois. In 1941, the company established headquarters in Skokie, Illinois. It was acquired by the Monsanto Company, headquartered in St. Louis, Missouri, in 1985.

The Upjohn Company was a pharmaceutical manufacturing firm founded in 1886 in Kalamazoo, Michigan, by Dr. William E. Upjohn, an 1875 graduate of the University of Michigan medical school. The company was originally formed to make friable pills, which were specifically designed to be easily digested. Greenstone was founded in 1993 by Upjohn as a generics division.[24] In 1995, Upjohn merged with Pharmacia, to form Pharmacia & Upjohn. Pharmacia was created in April 2000 through the merger of Pharmacia & Upjohn with the Monsanto Company and its G.D. Searle unit. The merged company was based in Peapack, New Jersey. The agricultural division was spun off from Pharmacia, as Monsanto, in preparation for the close of the acquisition by Pfizer.[25]

SUGEN, a company focused on protein kinase inhibitors, was founded in 1991 in Redwood City, California, and acquired by Pharmacia in 1999. The company pioneered the use of ATP-mimetic small molecules to block signal transduction. After the Pfizer merger, the SUGEN site was shut down in 2003, with the loss of over 300 jobs, and several programs were transferred to Pfizer. These included sunitinib (Sutent), which was approved for human use by the FDA in January 2006, passed $1 billion in annual revenues for Pfizer in 2010.[26] A related compound, SU11654 (Toceranib), was also approved for canine tumors, and the ALK inhibitor Crizotinib also grew out of a SUGEN program.[27]

In 2003, the new Pfizer made Greenstone (originally established as a division of Upjohn) its generic division, and its focus turned to selling authorized generics of Pfizer’s products.[24][28]

In 2008, Pfizer announced 275 job cuts at the Kalamazoo manufacturing facility. Kalamazoo was previously the world headquarters for the Upjohn Company.[29]

Wyeth acquisition[edit]

On January 26, 2009, after more than a year of talks between the two companies, Pfizer agreed to buy pharmaceuticals rival Wyeth for a combined US$68 billion in cash, shares and loans, including some US$22.5 billion lent by five major Wall Street banks. The deal cemented Pfizer’s position as the largest pharmaceutical company in the world, with the merged company generating over US$20 billion in cash each year, and was the largest corporate merger since AT&T and BellSouth‘s US$70 billion deal in March 2006.[30] The combined company was expected to save US$4 billion annually through streamlining; however, as part of the deal, both companies must repatriate billions of dollars in revenue from foreign sources to the United States, which will result in higher tax costs. The acquisition was completed on October 15, 2009, making Wyeth a wholly owned subsidiary of Pfizer.[7]

The merger was broadly criticized. Harvard Business School‘s Gary Pisano told The Wall Street Journal, “the record of big mergers and acquisitions in Big Pharma has just not been good. There’s just been an enormous amount of shareholder wealth destroyed.”[31] Analysts said at the time, “The Warner–Lambert and Pharmacia mergers do not appear to have achieved gains for shareholders, so it is unclear who benefits from the Wyeth–Pfizer merger to many critics.”[32]

King Pharmaceuticals acquisition[edit]

In October 2010, Pfizer agreed to buy King Pharmaceuticals for $3.6 billion in cash or $14.25 per share: an approximately 40% premium over King’s closing share price October 11, 2010.[33]

2011–present[edit]

In February 2011, it was announced that Pfizer was to close its UK research and development facility (formerly also a manufacturing plant) in Sandwich, Kent, which at the time employed 2,400 people.[34] However, as of 2014, Pfizer has a reduced presence at the site;[35] it also has a UK research unit in Cambridge.[36]

On September 4, 2012, the FDA approved a Pfizer pill for a rare type of leukemia. The medicine, called Bosulif, treats chronic myelogenous leukemia (CML), a blood and bone marrow disease that usually affects older adults.[37]

In July 2014, the company announced it would acquire Innopharma for $225 million, plus up to $135 million in milestone payments, in a deal that expanded Pfizer’s range of generic and injectable drugs.[38]

On January 5, 2015, the company announced it would acquire a controlling interest in Redvax for an undisclosed sum. This deal expanded the company’s vaccine portfolio targeting human cytomegalovirus.[39] In March 2015, the company announced it would restart its collaboration with Eli Lilly surrounding the phase III trial of Tanezumab. Pfizer is expected to receive an upfront sum of $200 million.[40] In June 2015, the company acquired two meningitis drugs from GlaxoSmithKline—Nimenrix and Mencevax—for around $130 million, expanding the company’s meningococcal disease portfolio of drugs.[41]

In May 2016, the company announced it would acquire Anacor Pharmaceuticals for $5.2 billion, expanding the companies portfolio in both inflammation and immunology drugs areas.[42] In August, the company made a $40 million bid for the assets of the now bankrupt BIND Therapeutics through the U.S. Bankruptcy Court.[43] The same month, the company announced it would acquire Bamboo Therapeutics for $645 million, expanding the company’s gene therapy offerings.[44] Later, in August, the company announced the acquisition of cancer drug-maker – Medivation – for $14 billion.[45][46] Two days later, Pfizer announced it would acquire AstraZenecas small-molecule antibiotics business for $1.575 billion[47] merging it into its Essential Medicines business[48] In the same month the company licensed the anti-CTLA4 monoclonal antibody, ONC-392, from OncoImmune.[49]

Zoetis[edit]

Main article: Zoetis

Plans to spin out Zoetis, the Agriculture Division of Pfizer and later Pfizer Animal Health, were announced in 2012. Pfizer filed for registration of a Class A stock with the U.S. Securities and Exchange Commission on August 13, 2012.[50] Zoetis’s IPO on February 1, 2013, sold 86.1 million shares for US$2.2 billion.[51] Pfizer retained 414 million Class B shares, giving it an 83% controlling stake in the firm.[52] The offering’s lead underwriters were JPMorgan Chase, Bank of America, Merrill Lynch, and Morgan Stanley.[51] Most of the money raised through the IPO was used to pay off existing Pfizer debt.[53]

Attempted AstraZeneca acquisition[edit]

In April 2014, it was reported that Pfizer had reignited a $100 billion takeover bid for the UK-based AstraZeneca,[54][55] sparking political controversy in the UK,[56] as well as in the US.[57] On May 19, 2014, a “final offer” of £55 a share was rejected by the AstraZeneca board, which said the bid was too low and imposed too many risks. If successful, the takeover—the biggest in British history—would have made Pfizer the world’s largest drug company.[58] Hopes for a renewed bid later in the year were dashed when Pfizer signed a major cancer drug deal with Merck KGaA, selling its sharing rights to develop an experimental immunotherapy drug for a fee of $850 million.[59]

Hospira[edit]

In February 2015, Pfizer and Hospira agreed that Pfizer would acquire Hospira for $15.2 billion,[60] a deal in which Hospira shareholders would receive $90 in cash for each share they owned.[61][62] Including debt, the deal is valued at around $17 billion.[60] Hospira is the largest producer of generic injectable pharmaceuticals in the world.[63]

Attempted Allergan acquisition[edit]

Main article: Allergan, Plc

On November 23, 2015, Pfizer and Allergan, Plc announced their intention to merge for an approximate sum of $160 billion, making it the largest pharmaceutical deal ever, and the third largest corporate merger in history. As part of the deal, the Pfizer CEO, Ian Read, was to remain as CEO and chairman of the new company, to be called “Pfizer plc”, with Allergan’s CEO, Brent Saunders, becoming president and chief operating officer. As part of the deal, Allergan shareholders would receive 11.3 shares of the company, with Pfizer shareholders receiving one. The terms proposed that the merged company would maintain Allergan’s Irish domicile, resulting in the new company being subject to corporation taxat the Irish rate of 12.5%–considerably lower than the 35% rate that Pfizer paid at the time.[64] The deal was to constitute a reverse merger, whereby Allergan acquired Pfizer, with the new company then changing its name to “Pfizer, plc”.[65][66][67] The deal was expected to be completed in the second half of 2016, subject to certain conditions: US and EU approval, approval from both sets of shareholders, and the completion of Allergan’s divestiture of its generics division to Teva Pharmaceuticals (expected in the first quarter of 2016).[65] On April 6, 2016, Pfizer and Allergan announced they would be calling off the merger after the Obama administration introduced new laws intended to limit corporate tax inversions (the extent to which companies could move their headquarters overseas in order to reduce the amount of taxes they pay).[68]

Acquisition history[edit]

A full list of Pfizers subsidiary holdings can be found here

Operations[edit]

The headquarters of Pfizer Japan in Tokyo

Pfizer is organised into nine principal operating divisions: Primary Care, Specialty Care, Oncology, Emerging Markets, Established Products, Consumer Healthcare, Nutrition, Animal Health, and Capsugel.[78]

Partnerships[edit]

In May 2015, Pfizer and a Bar-Ilan University laboratory announced a partnership based on the development of medical DNA nanotechnology.[79]

Research and development[edit]

Pfizer’s research and development activities are organised into two principal groups: the PharmaTherapeutics Research & Development Group, which focuses on the discovery of small molecules and related modalities; and the BioTherapeutics Research & Development Group, which focuses on large-molecule research, including vaccines.[78] In 2007, Pfizer invested $8.1 billion in research and development, the largest R&D investment in the pharmaceutical industry.[80]

Pfizer has R&D facilities in the following locations:

In 2007, Pfizer announced plans to close or sell the Loughbeg API facility, located at Loughbeg, Ringaskiddy, Cork, Ireland by mid to end of 2008. In 2007, Pfizer announced plans to completely close the Ann Arbor, Nagoya and Amboise Research facilities by the end of 2008, eliminating 2,160 jobs and idling the $300 million Michigan facility, which in recent years had seen expansion worth millions of dollars.[82]

On June 18, 2007, Pfizer announced it would move the Animal Health Research (VMRD) division based in Sandwich, England, to Kalamazoo, Michigan.[83] On February 1, 2011, Pfizer announced the closure of the Research and Development centre in Sandwich, with the loss of 2,400 jobs.[84] Pfizer subsequently announced it would be maintaining a significant presence at Sandwich, with around 650 staff continuing to be based at the site.[85]

On September 1, 2011, Pfizer announced it had agreed to a 10-year lease of more than 180,000 square feet of research space from MIT in a building to be constructed just north of the MIT campus in Cambridge, Massachusetts. The space will house Pfizer’s Cardiovascular, Metabolic and Endocrine Disease Research Unit and its Neuroscience Research Unit; Pfizer anticipated moving into the space once it was completed in late 2013.[86]

As of 2013, products in Pfizer’s development pipeline included dimebon and tanezumab.

Board of directors[edit]

As of November 2014, the members of the board of directors of Pfizer are:[87]

Senior management[edit]

Products[edit]

Pharmaceutical products[edit]

United States incidence of invasive pneumococcal disease before and after introduction of the 7-valent and 13-valent pneumococcal vaccines.

United States incidence of invasive pneumococcal disease before and after introduction of the 7-valent and 13-valent pneumococcal vaccines.[89]

Key current and historical Pfizer products include:

  • Atorvastatin (trade name Lipitor), a statin for the treatment of hypercholesterolemia. Lipitor was developed by Pfizer legacy company Warner-Lambert and first marketed in 1996.[90] Although atorvastatin was the fifth drug in the class of statins to be developed, clinical trials showed that atorvastatin caused a more dramatic reduction in LDL-C than the other statin drugs. From 1996 to 2012 under the trade name Lipitor, atorvastatin became the world’s best-selling drug of all time, with more than $125 billion in sales over approximately 14.5 years.[91] Lipitor alone “provided up to a quarter of Pfizer Inc.’s annual revenue for years.”[91]
  • Prevnar (13-valent conjugate pneumococcal vaccine) is a vaccine for the prevention of invasive pneumococcal infections. The introduction of the original, 7-valent version of the vaccine in 1999 led to a 75% reduction in the incidence of invasive pneumococcal infections among children under age 5 in the United States. An improved version of the vaccine, providing coverage of 13 bacterial variants, was introduced in early 2010. As of 2012 the rate of invasive infections among children under age 5 has been reduced by an additional 50%.[89]
  • Norvasc (amlodipine), an antihypertensive drug of the dihydropyridine class. Amlodipine is on the World Health Organization’s List of Essential Medicines, a list of the most important medication needed in a basic health system.[92]
  • Diflucan (fluconazole), the first orally available treatment for severe fungal infections. Fluconazole is recommended as a first-line treatment in invasive candidiasis[93] and is widely used in the prophylaxis of severe fungal infections in premature infants.[94] Fluconazole is on the World Health Organization’s List of Essential Medicines.[92]
  • Zithromax (azithromycin), a macrolide antibiotic that is recommended by the Infectious Disease Society of America as a first line treatment for certain cases of community-acquired pneumonia.[95]
  • Flagyl (metronidazole) is a nitroimidazole antibiotic medication used particularly for anaerobic bacteria and protozoa. It is antibacterial against anaerobic organisms, an amoebicide, and an antiprotozoal.[96] It is the drug of choice for first episodes of mild-to-moderate Clostridium difficile infection.[97] It is on the World Health Organization’s List of Essential Medicines.[92]

Bottles of the antidepressant Zoloft

Xanax (alprazolam) 2 mg tri-score tablets

Pfizer’s other pharmaceutical products include:[103]

In addition to marketing branded pharmaceuticals, Pfizer is involved in the manufacture and sale of generics. In the US it does this through its Greenstone subsidiary, which it acquired as part of the acquisition of Pharmacia.[104] Pfizer also has a licensing deal in place with Aurobindo, which grants the former access to a variety of oral solid generic products.[105]

Consumer healthcare products[edit]

ChapStick

Pfizer’s consumer healthcare products include:

Promotional practices[edit]

Access to Wyeth internal documents has revealed marketing strategies used to promote Neurontin for off-label use.[106] In 1993, the U.S. Food and Drug Administration (FDA) approved gabapentin (Neurontin, Pfizer) only for treatment of seizures. Warner–Lambert, which merged with Pfizer in 2000, used activities not usually associated with sales promotion, including continuing medical education and research, sponsored articles about the drug for the medical literature, and alleged suppression of unfavorable study results, to promote gabapentin. Within 5 years the drug was being widely used for the off-label treatment of pain and psychiatric conditions. Warner–Lambert admitted to charges that it violated FDA regulations by promoting the drug for pain, psychiatric conditions, migraine, and other unapproved uses, and paid $430 million to resolve criminal and civil health care liability charges.[107][108] A recent Cochrane review concluded that gabapentin is ineffective in migraine prophylaxis.[109] The American Academy of Neurology rates it as having unproven efficacy, while the Canadian Headache Society and the European Federation of Neurological Societies rate its use as being supported by moderate and low-quality evidence, respectively.[110]

In September 2009, Pfizer agreed to pay $2.3 billion to settle civil and criminal allegations that it had illegally marketed four drugs—Bextra, Geodon, Zyvox, and Lyrica—for non-approved uses; it was Pfizer’s fourth such settlement in a decade.[111][112][113] The payment included $1.3 billion in criminal penalties for felony violations of the Food, Drug and Cosmetic Act, and $1 billion to settle allegations it had illegally promoted the drugs for uses that were not approved by the U.S. Food and Drug Administration (FDA) and caused false claims to be submitted to Federal and State programs. The criminal fine was the largest ever assessed in the United States up to that time.[114] Pfizer has entered an extensive corporate integrity agreement (CIA) with the Office of Inspector General and will be required to make substantial structural reforms within the company, and maintain the Pfizer website (www.pfizer.com/pmc) to track the company’s post marketing commitments. Pfizer had to also put a searchable database of all payments to physicians the company had made on the Pfizer website by March 31, 2010.[115]

Peter Rost was vice president in charge of the endocrinology division at Pharmacia before and during its acquisition by Pfizer. During that time he raised concerns internally about kickbacks and off-label marketing of Genotropin, Pharmacia’s human growth hormone drug. Pfizer reported the Pharmacia marketing practices to the FDA and Department of Justice; Rost was unaware of this and filed an FCA lawsuit against Pfizer. Pfizer kept him on, but isolated him until the FCA suit was unsealed in 2005. The Justice Department declined to intervene, and Pfizer fired him, and he filed a wrongful termination suit against Pfizer.[116] Pfizer won a summary dismissal of the case, with the court ruling that the evidence showed Pfizer had decided to fire Rost prior to learning of his whistleblower activities.[117]

A “whistleblower suit” was filed in 2005 against Wyeth, which was acquired by Pfizer in 2009, alleging that the company illegally marketed their drug Rapamune. Wyeth is targeted in the suit for off-label marketing, targeting specific doctors and medical facilities to increase sales of Rapamune, trying to get current transplant patients to change from their current transplant drugs to Rapamune and for specifically targeting African-Americans. According to the whistleblowers, Wyeth also provided doctors and hospitals with kickbacks to prescribe the drug in the form of grants, donations and other money.[118][119] In 2013, the company pleaded guilty to criminal mis-branding violations under the Food, Drug and Cosmetic Act. By August 2014 it had paid $491 million in civil and criminal penalties.[120]

According to Harper’s Magazine publisher John MacArthur, Pfizer withdrew “between $400,000 and a million dollars” worth of ads from their magazine following an unflattering article on depression medication.[121]

Litigation[edit]

Pfizer is party to a number of lawsuits stemming from its pharmaceutical products as well as the practices of various companies it has merged with or acquired.[111][112][113]

Kelo case[edit]

Pfizer’s interest in obtaining property in New London, Connecticut, for expanded facilities led to the Kelo v. New London case before the U.S. Supreme Court.

The Supreme Court’s 2005 decision in Kelo v. City of New London handed local governments the right to seize private property for economic development,[122] i.e., offices and a hotel, to enhance Pfizer Inc.’s nearby corporate facility. However, following the completion of the aforementioned Wyeth merger, Pfizer announced it would close its research and development headquarters in New London, Connecticut, moving employees to nearby Groton. The property is now owned and operated by Electric Boat.

Quigley Co.[edit]

Pfizer acquired Quigley in 1968, and the division sold asbestos-containing insulation products until the early 1970s.[123] Asbestos victims and Pfizer have been negotiating a settlement deal that calls for Pfizer to pay $430 million to 80 percent of existing plaintiffs. It will also place an additional $535 million into an asbestos settlement trust that will compensate future plaintiffs as well as the remaining 20 percent of current plaintiffs with claims against Pfizer and Quigley. The compensation deal is worth $965 million all up. Of that $535 million, $405 million is in a 40-year note from Pfizer, while $100 million will come from insurance policies.

Bjork–Shiley heart valve[edit]

Pfizer purchased Shiley in 1979 at the onset of its Convexo-Concave valve ordeal, involving the Bjork–Shiley heart valve. Approximately 500 people died when defective valves failed and, in 1994, the United States ruled against Pfizer for ~$200 million.[124][125]

Abdullahi v. Pfizer, Inc.[edit]

In 1996, an outbreak of measles, cholera, and bacterial meningitis occurred in Nigeria. Pfizer representatives traveled to Kano, Nigeria to administer an experimental antibiotic, trovafloxacin, to approximately 200 children. Local Kano officials report that more than 50 children died in the experiment, while many others developed mental and physical deformities.[126] The nature and frequency of both fatalities and other adverse outcomes were similar to those historically found among pediatric patients treated for meningitis in sub-Saharan Africa.[127] In 2001, families of the children, as well as the governments of Kano and Nigeria, filed lawsuits regarding the treatment.[128] According to the news program Democracy Now!, “[r]esearchers did not obtain signed consent forms, and medical personnel said Pfizer did not tell parents their children were getting the experimental drug.”[129] The lawsuits also accuse Pfizer of using the outbreak to perform unapproved human testing, as well as allegedly under-dosing a control group being treated with traditional antibiotics in order to skew the results of the trial in favor of Trovan. While the specific facts of the case remain in dispute, both Nigerian medical personnel and at least one Pfizer physician have stated that the trial was conducted without regulatory approval.[130][131]

In 2007, Pfizer published a Statement of Defense letter.[132] The letter states that the drug’s oral form was safer and easier to administer, that Trovan had been used safely in over 5000 Americans prior to the Nigerian trial, that mortality in the patients treated by Pfizer was lower than that observed historically in African meningitis epidemics, and that no unusual side effects, unrelated to meningitis, were observed after 4 weeks.

In June 2010, the US Supreme Court rejected Pfizer’s appeal against a ruling allowing lawsuits by the Nigerian families to proceed.[133]

In December 2010, WikiLeaks released US diplomatic cables, which indicate that Pfizer had hired investigators to find evidence of corruption against Nigerian attorney general Aondoakaa to persuade him to drop legal action.[134] Washington Post reporter Joe Stephens, who helped break the story in 2000, called these actions “dangerously close to blackmail.”[129] In response, the company has released a press statement describing the allegations as “preposterous” and stating that they acted in good faith.[135] Aondoakka, who had allegedly demanded bribes from Pfizer in return for a settlement of the case,[136] was declared unfit for office and had his U.S. visa revoked in association with corruption charges in 2010.[137][138]

GMO virus[edit]

A scientist claims she was infected by a genetically modified virus while working for Pfizer. In her federal lawsuit she says she has been intermittently paralyzed by the Pfizer-designed virus. “McClain, of Deep River, suspects she was inadvertently exposed, through work by a former Pfizer colleague in 2002 or 2003, to an engineered form of the lentivirus, a virus similar to the one that can lead to acquired immune deficiency syndrome, also known as AIDS.”[139] The court found that McClain failed to demonstrate that her illness was caused by exposure to the lentivirus,[140] but also that Pfizer violated whistleblower laws.[141]

Blue Cross Blue Shield[edit]

Health insurance company Blue Cross Blue Shield (BCBS) filed a lawsuit against Pfizer for reportedly illegally marketing their drugs Bextra, Geodon and Lyrica. BCBS is reporting that Pfizer used “kickbacks” and wrongly persuaded doctors to prescribe the drugs.[142][143] FiercePharma reported that “According to the suit, the drugmaker not only handed out those “misleading” materials on off-label uses, but sent doctors on Caribbean junkets and paid them $2,000 honoraria in return for their listening to lectures about Bextra. More than 5,000 healthcare professionals were entertained at meetings in Bahamas, Virgin Islands, and across the U.S., the suit alleges.”[144][145] The case was settled in 2014 for $325M.[146]

Brigham Young University[edit]

Controversy arose over the drug “Celebrex”. Brigham Young University (BYU) said that a professor of chemistry, Dr. Daniel Simmons, discovered an enzyme in the 1990s that would later lead towards the development of Celebrex. BYU was originally seeking 15% royalty on sales, which would equate to $9.7 billion. The court filings show that a research agreement was made with Monsanto, whose pharmaceutical business was later acquired by Pfizer, to develop a better aspirin. The enzyme that Dr. Simmons claims to have discovered would induce pain and inflammation while causing gastrointestinal problems, which Celebrex is used to reduce those issues. A battle ensued, lasting over six years, because BYU claimed that Pfizer did not give him credit or compensation while Pfizer claims it had met all obligations regarding the Monsanto agreement. This culminated in a $450 million amicable settlement without going to trial. Pfizer said it would take a $450 million charge against first quarter earnings to settle.[147]

Environmental record[edit]

Between 2002 and 2008, Pfizer reduced its greenhouse emissions by 20%,[148] and committed to reducing emissions by an additional 20% by 2012. In 2012 the company was named to the Carbon Disclosure Project‘s Carbon Leadership Index in recognition of its efforts to reduced greenhouse gas emissions.[149]

Pfizer has inherited Wyeth’s liabilities in the American Cyanamid site in Bridgewater, New Jersey. This site is highly toxic and an EPA declared Superfund site. Pfizer has since attempted to remediate this land in order to clean and develop it for future profits and potential public uses.[150] The Sierra Club and the Edison Wetlands Association have come out in opposition to the cleanup plan, arguing that the area is subject to flooding, which could cause pollutants to leach. The EPA considers the plan the most reasonable from considerations of safety and cost-effectiveness, arguing that an alternative plan involving trucking contaminated soil off site could expose cleanup workers. The EPA’s position is backed by the environmental watchdog group CRISIS.[151]

In June 2002, a chemical explosion at the Groton plant injured seven people and caused the evacuation of over 100 homes in the surrounding area.[152]

Political lobbying[edit]

Pfizer is a leading member of the U.S. Global Leadership Coalition, a Washington D.C.-based coalition of over 400 major companies and NGOs that advocates for a larger International Affairs Budget, which funds American diplomatic, humanitarian, and development efforts abroad.[153]

Pfizer is one of the single largest lobbying interests in United States politics. For example, in the first 9 months of 2009 Pfizer spent over $16.3 million on lobbying US congressional lawmakers, making them the sixth largest lobbying interest in the US (following Pharmaceutical Research and Manufacturers of America (PhRMA), which ranked fourth but also represents many of their interests). A spokeswoman for Pfizer said the company “wanted to make sure our voice is heard in this conversation” in regards to the company’s expenditure of $25 million in 2010 to lobby health care reform.[154]

According to U.S. State Department cables released by the whistleblower site WikiLeaks, Pfizer “lobbied against New Zealand getting a free trade agreement with the United States because it objected to New Zealand’s restrictive drug buying rules and tried to get rid of New Zealand’s former health minister, Helen Clark, in 1990.[155]

Employment and diversity[edit]

Since 2004, Pfizer has received a 100% rating every year on the Corporate Equality Index, released by the Human Rights Campaign Foundation.[156] In 2014, the company was given the highest score on LGBT ranking.[156]

In 2012, Pfizer’s Canadian division, which then employed 2,890 people, was named one of Montreal’s Top 15 Employers, the only research-based pharmaceutical company to receive this honor.[157]

Involvement in Developing World health issues[edit]

Pfizer makes the anti-fungal drug fluconazole available free of charge to governmental and non-governmental organizations (NGOs) in developing countries with a greater than 1% prevalence of HIV/AIDS.[158][159][160] The company has also pledged to provide up to 740 million doses of its anti-pneumococcal vaccine at discounted rates to infants and young children in 41 developing countries in association with the GAVI Alliance.[161]

In 2012, Pfizer and the Gates Foundation announced a joint effort to provide affordable access to Pfizer’s long-lasting injectable contraceptive, medroxyprogesterone acetate, to three million women in developing countries.[162]

See also[edit]

References[edit]

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  120. Jump up^ “Pfizer settles more off-label marketing cases tied to Rapamune – FiercePharma”.
  121. Jump up^ Petrovich, Dushko (March 15, 2013). The Art of Making Magazines edited by Victor S. Navasky and Evan Cornog”. Bookforum. Retrieved 2013-03-18.
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  123. Jump up^ [1] Quigley Company reorganization
  124. Jump up^ Blackstone, E.H. (2005). “Could It Happen Again?: The Bjork–Shiley Convexo-Concave Heart Valve Story”. Circulation. 111 (21): 2717–2719. doi:10.1161/circulationaha.105.540518.
  125. Jump up^ Bloomfield, P.; et al. (1991). “Twelve-year comparison of a Bjork–Shiley mechanical heart valve with porcine bioprostheses”. N Engl J Med. 324 (9): 573–579. doi:10.1056/nejm199102283240901.
  126. Jump up^ Murray, Senan (June 20, 2007). “Africa | Anger at deadly Nigerian drug trials”. BBC News. Retrieved July 11, 2011.
  127. Jump up^ Ramakrishnan M, Ulland AJ, Steinhardt LC, Moïsi JC, Were F, Levine OS (2009). “Sequelae due to bacterial meningitis among African children: a systematic literature review”. BMC Med. 7: 47. doi:10.1186/1741-7015-7-47. PMC 2759956Freely accessible. PMID 19751516.
  128. Jump up^ “Nigerians sue Pfizer over test deaths”. BBC News. August 30, 2001. Retrieved May 22, 2010.
  129. ^ Jump up to:a b WikiLeaks Cables: Pfizer Targeted Nigerian Attorney General to Undermine Suit over Fatal Drug Tests, Democracy Now!
  130. Jump up^ Panel Faults Pfizer in ’96 Clinical Trial In Nigeria. The Washington Post. May 7, 2006
  131. Jump up^ “Pfizer Bribed Nigerian Officials in Fatal Drug Trial, Ex-Employee Claims – CBS News”.
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  134. Jump up^ Boseley, Sarah (December 9, 2010). “WikiLeaks cables: Pfizer ‘used dirty tricks to avoid clinical trial payout'”. The Guardian. London.
  135. Jump up^ “Press Statement Regarding Article in The Guardian” (PDF). Pfizer. December 9, 2010. Retrieved December 13, 2010.
  136. Jump up^ “In Defense of Blackmail: Why Shouldn’t Pfizer Dig Dirt on Crooked Pols? – CBS News”.
  137. Jump up^ “Michael Aondoakaa “Unfit” To Remain SAN, Says CDHR In High-Powered Petition | Sahara Reporters”.
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Posted in Uncategorized | Comments Off on The Antidote for Delivering Positive Equity runs thru the Pharmaceutical Industry. (Pfizer Inc.) (PFE).

The Independent Investor can Cash Out their Equity with a Sold Out Crowd in the Entertainment Industry. (Live Nation Inc.) (LYV)

Live Nation Entertainment

Live Nation Entertainment, Inc.
Public company
Traded asNYSELYV
IndustryEntertainment
Founded2010
HeadquartersLos Angeles
Area served
Worldwide
Key people
RevenueIncrease US$ 5.38 billion (2011)
Increase US$ 18.34 million (2011)
Increase US$ -70.40 million (2011)
Total assetsDecrease US$ 5.088 billion (2011)
Total equityIncrease US$ 1.62 billion (2011)
OwnerLiberty Media[1] (34.3%)
Number of employees
Full-time: 6,600
Part-time: 13,000
SubsidiariesTicketmaster
Live Nation Concerts
Front Line Management Group
Live Nation Network
Websitelivenationentertainment.com

Live Nation Entertainment is a Global entertainment company, formed from the merger of Live Nation and Ticketmaster. It owns, leases, operates, has booking rights for and/or equity interests in a large number of U.S. entertainment venues. The leadership consists of Greg Maffei (chief executive officer of Liberty Media) as chairman and Canadian Michael Rapino (previously chief executive officer of Live Nation) as president and CEO of the company.

The merger that gave rise to the company was not without opposition. The proposed merger initially received regulatory approval in Norway and Turkey.[2] The United States Justice Department approved the merger on January 25, 2010, with some conditions to which both parties agreed.[3] However, in October 2009, the United Kingdom’s Competition Commission provisionally ruled against the merger.[4] On December 22, 2009, the Competition Commission reversed its decision and cleared the proposed merger.[2]

Clearance and divestment of assets to merge[edit]

Separate regulatory reviews of the proposal were continuing in the United States and Canada.[2] On January 25, 2010, the United States and Canadian governments cleared the way for Live Nation and TicketMaster to merge. Irving Azoff is chairman and founder of Azoff Music Management Group, Inc. In late 2008, he became chairman and CEO of Ticketmaster Entertainment. He is now Executive Chairman of Live Nation Entertainment

As part of the agreement with governments to merge, Ticketmaster has to sell its ownership in its self-ticketing company, Paciolan. According to the Associated Press, Live Nation Entertainment will be under a 10-year court order prohibiting it from retaliating against venues that choose to accept competitors’ ticket-selling contracts, and it “must allow venues that sign deals elsewhere to take consumer ticketing data with them”.[5][6]

In addition, the new company will have to license a copy of its ticketing software to two companies—Anschutz Entertainment Group(AEG) and either Comcast Spectacor or another “suitable” company—so that both companies can compete “head-to-head” with Ticketmaster for venues’ business. After five years, AEG will have the option of buying the software, replacing it with something else, or partnering with another ticketing company.[7]

Opposition to merger[edit]

A group including members of the United States Congress and business rivals of Ticketmaster and Live Nation had urged the U.S. Department of Justice to stop the merger.[when?] The Computer & Communications Industry Association (CCIA), whose members include Google, Oracle, Microsoft, Yahoo, Intuit, and eBay, also opposed the merger.[8][9]

Venues[edit]

As of February 2, 2015, Live Nation “owned, leased, and had booking rights for and/or had an equity interest in”:[10]

  1. Riverside Fox Theater
  2. Riverside Municipal Auditorium
  3. PNC Bank Arts Center
  4. Nikon at Jones Beach Theater
  5. NYCB Theatre at Westbury
  6. Paramount Theatre (Long Island) (booking)
  7. Irving Plaza
  8. Gramercy Theatre
  9. Roseland Ballroom
  10. Foxwoods Theatre[11]
  11. Union County Performing Arts Center (booking)
  12. San Manuel Amphitheater
  13. Irvine Meadows Amphitheatre
  14. Gibson Amphitheatre
  15. Hollywood Palladium
  16. Wiltern Theatre
  17. First Midwest Bank Amphitheatre
  18. FirstMerit Bank Pavilion
  19. Bottom Lounge (booking)
  20. BB&T Pavilion
  21. Tower Theater
  22. The TLA
  23. Festival Pier
  24. River Stage at Great Plaza
  25. Boyd Theatre
  26. Gexa Energy Pavilion
  27. Morton H. Meyerson Symphony Center (booking)
  28. Palladium Ballroom (booking)
  29. Shoreline Amphitheatre
  30. Concord Pavilion
  31. The Fillmore
  32. Nob Hill Masonic Auditorium
  33. Cobb’s Comedy Club
  34. Bank of America Pavilion
  35. Orpheum Theatre
  36. Paradise Rock Club
  37. Brighton Music Hall
  38. Jiffy Lube Live
  39. Warner Theatre
  40. The Fillmore Silver Spring
  41. Aaron’s Amphitheatre at Lakewood
  42. Chastain Park Amphitheatre
  43. The Tabernacle
  44. Cynthia Woods Mitchell Pavilion (booking only)
  45. Bayou Music Center
  46. The Fillmore Detroit
  47. Saint Andrew’s Hall
  48. White River Amphitheatre
  49. Ak-Chin Pavilion
  50. Comerica Theatre
  51. MidFlorida Credit Union Amphitheatre
  52. Klipsch Amphitheatre at Bayfront Park
  53. The Fillmore Miami Beach at Jackie Gleason Theater
  54. Revolution Live (booking only)
  55. Comfort Dental Amphitheatre
  56. Fillmore Auditorium
  57. Blossom Music Center
  58. Jacobs Pavilion at Nautica (booking only)
  59. Sleep Train Amphitheatre (Chula Vista, California)
  60. Hollywood Casino Amphitheatre (Tinley Park, Illinois)
  61. Hollywood Casino Amphitheatre (Maryland Heights, Missouri)
  62. The Pageant (50%)
  63. First Niagara Pavilion
  64. Walnut Creek Amphitheatre
  65. Red Hat Amphitheater (booking only)
  66. Verizon Wireless Amphitheatre (Charlotte)
  67. Time Warner Cable Uptown Amphitheater
  68. The Fillmore Charlotte
  69. Klipsch Music Center
  70. Farm Bureau Insurance Lawn at White River State Park (booking only)
  71. Murat Theatre at Old National Centre
  72. Sleep Train Amphitheatre (Wheatland, California)
  73. California Coast Credit Union Open Air Theatre atSDSU (booking only)
  74. Viejas Arena (booking only)
  75. Rentschler Field (booking only)
  76. Mohegan Sun Arena (booking only)
  77. Toyota Presents Oakdale Theatre
  78. Starlight Theatre (booking only)
  79. Alpine Valley Music Theatre
  80. Riverbend Music Center (booking only)
  81. PNC Pavilion
  82. Bogart’s
  83. Cruzan Amphitheatre
  84. Oak Mountain Amphitheatre
  85. Hersheypark Stadium (booking only)
  86. Sands Bethlehem Event Center (booking only)
  87. Farm Bureau Live at Virginia Beach
  88. Austin360 Amphitheater
  89. Isleta Amphitheater
  90. Sandia Casino Amphitheater (booking only)
  91. The Louisville Palace
  92. Darien Lake Performing Arts Center
  93. Toyota Pavilion at Montage Mountain
  94. Saratoga Performing Arts Center
  95. The Gorge Amphitheatre
  96. Jamboree in the Hills Festival Site
  97. Molson Canadian Amphitheatre
  98. Rogers Arena (booking only)
  99. Commodore Ballroom
  100. Leeds Festival Site
  101. Wembley Arena[12]
  102. Olympic Stadium[13]
  103. O2 Apollo Manchester
  104. Little John’s Farm
  105. Motorpoint Arena Sheffield
  106. Southampton Guildhall
  107. Heineken Music Hall
  108. Ziggo Dome
  109. Balado
  110. Motorpoint Arena Cardiff
  111. 3Arena
  112. Bord Gáis Energy Theatre
  113. Torino Palasport Olimpico
  114. Torino Palavela
  115. The Ritz [disambiguation needed]
  116. House of Blues:
    1. New Orleans
    2. Las Vegas
    3. San Diego
    4. Los Angeles
    5. Houston
    6. Dallas
    7. Cleveland
    8. Boston
    9. Orlando
    10. Anaheim
    11. Chicago
    12. Myrtle Beach
  117. Punch Line Comedy Club
    1. Sacramento
    2. San Francisco
  118. Milano Mediolanum Forum (predominantly booking)

References[edit]

  1. Jump up^ http://www.4-traders.com/LIVE-NATION-ENTERTAINMENT-13449/company/. Retrieved2016-10-18. Missing or empty |title= (help)
  2. ^ Jump up to:a b c “Ticketmaster and Live Nation Welcome Competition Commission Ruling on Merger” (PDF) (Press release). Ticketmaster Entertainment. December 22, 2009.
  3. Jump up^ Chmielewski, Dawn C. and Fritz, Ben and Lewis, Randy (January 26, 2010).“Ticketmaster-Live Nation merger gets Justice Department’s approval”. The Los Angeles Times. Retrieved January 26, 2010.
  4. Jump up^ Van Buskirk, Eliot (October 12, 2009). “Live Nation/Ticketmaster Merger Faces Obstacles Here and Abroad”. Wired. Retrieved 2009-10-19.
  5. Jump up^ Nakashima, Ryan (January 25, 2010). “Live Nation, Ticketmaster merge after approval”. The Washington Post. Associated Press. Retrieved January 26, 2010.[dead link]
  6. Jump up^ “Live Nation and Ticketmaster Entertainment Merger Receives U.S. Department of Justice Clearance” (Press release). Live Nation and Ticketmaster Entertainment via CNN. January 25, 2010. Retrieved January 26, 2010.
  7. Jump up^ Van Buskirk, Eliot (January 25, 2010). “DOJ Approves Modified Ticketmaster, Live Nation Merger”. Wired News. Retrieved January 26, 2010.
  8. Jump up^ British Regulator Backs Merger of Ticketmaster and Live Nation
  9. Jump up^ Branch Jr., Alfred (January 19, 2010). “Ticketmaster / Live Nation merger: 25,000 contact DOJ to oppose the deal”. TicketNews. Retrieved January 26, 2010.
  10. Jump up^ Live Nation Entertainment 2012 Annual Report
  11. Jump up^ Kennedy, Mark (May 20, 2013). “Lease to Broadway’s biggest theater sold”. Yahoo! News. Associated Press. Retrieved May 20, 2013.
  12. Jump up^ Live Nation ends Wembley Arena venue management contract
  13. Jump up^ Live Nation to Stage Concerts in London’s Queen Elizabeth Olympic Park
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