On Tuesday, Shares of AEGON N.V. (ADR) (NYSE:AEG), lost -2.24% to $5.67.
Shareholders were given the opportunity to choose between receiving the 2015 interim dividend of EUR 0.12 per common share in cash or in stock. 43% of shareholders elected to receive the stock dividend. Those who elected for a stock dividend will receive one Aegon common share for every 45 common shares held. The stock fraction is based on Aegon’s average share price as quoted on Euronext Amsterdam, using the high and low of each of the five trading days from September 7 up to and counting September 11, 2015. The average share price calculated on this basis amounted to EUR 5.40. The stock dividend and the cash dividend are about equal in value.
Aegon will repurchase 20,136,673 common shares to neutralize the dilutive effect of the 2015 interim stock dividend. These shares will be held as treasury shares and will be used to pay future stock dividends. Aegon is committed to the repurchase of the common shares by engaging a third party to execute the transactions on its behalf. These transactions will commence on September 16, 2015, and are predictable to be accomplished on or before October 14, 2015.
Aegon N.V. provides life insurance, pensions, and asset administration services. The company operates through the Americas, the Netherlands, the United Kingdom, and New Markets. The company offers life and protection products, such as traditional and universal life, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance.
Shares of Arista Networks Inc (NYSE:ANET), declined -0.46% to $66.36, during its last trading session.
Arista Networks, declared a new portfolio of data center switches that address the demand for 25/50/100GbE switching. Arista EOS (extensible operating system) features such as Smart System Upgrade with hitless software upgrades, hitless speed change and network rollback, provide customers with non-stop operational tools for building cloud scale networks.
The new family of Arista 7060X, 7260X and 7320X fixed-leaf and modular-spline form factors gives customers choices for building scalable 100GbE networks with comprehensive support for both 25GbE and 50GbE in addition to for seamless migration from existing 10G and 40G networks. Broad support for workflow automation and workload orchestration is offered through the CloudVision suite, ensuring operational consistency across all Arista platforms.
Arista Networks, Inc. provides cloud networking solutions. The company offers extensible operating systems, a set of network applications, and Ethernet switches. It serves a range of industries, counting Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. Arista Networks, Inc. markets its products through direct sales force and channel partners, such as distributors, value-added resellers, systems integrators, and original equipment manufacturer partners.
At the end of Tuesday’s trade, Shares of Wave Systems Corp. (NASDAQ:WAVX), gained 34.99% to $0.215.
Wave Systems Corp., declared that on September 16, 2015, the Company was notified that the NASDAQ Listing Qualifications Panel had determined to grant the Company’s request for an extension through January 12, 2016, to evidence compliance with the $1.00 minimum closing bid price requirement.
To achieve compliance, the Company must evidence a closing bid price of at least $1.00 per share for a minimum of 10 successive business days on or before January 12, 2016. The Company is diligently working to evidence compliance with the terms of the Panel’s decision, however, there can be no assurance that the Company will be able to do so in a timely manner.
Wave Systems Corp. develops, produces, markets, and sells products for hardware-based digital security in the United States and internationally. The company’s products are based on the Trusted Platform Module (TPM), a hardware chip that enables secure protection of files and other digital secrets, in addition to performs critical security functions.
Finally, Tyco International PLC (NYSE:TYC), ended its last trade with -1.69% loss, and closed at $34.91.
Tyco, Chief Executive Officer George R. Oliver spoke at Morgan Stanley’s third annual Laguna Conference in Laguna Beach, Calif., on Thursday, Sept. 17, 2015, at 8:10 a.m., Pacific Time.
Tyco International Ltd. designs, sells, installs, and services security, fire detection, suppression, and life safety products worldwide. It operates in three segments: North America Installation & Services, Rest of World Installation & Services, and Global Products.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
