On Tuesday, Shares of Halliburton Company (NYSE:HAL), lost -0.70% to $41.00.
Halliburton Company declared that it has certified substantial compliance with the United States Department of Justice’s (DOJ) request for additional information (second request). Baker Hughes Incorporated (BHI) formerly certified substantial compliance with its second request on July 14, 2015. The companies each received second requests from the DOJ in February 2015 in connection with Halliburton’s pending acquisition of Baker Hughes. The second requests were issued under the notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”). Both Halliburton and Baker Hughes continue to work constructively with the DOJ on the investigation.
Halliburton also confirmed that the company’s Form CO, the standard notification form required for merger approval by the European Commission, was filed on July 23, 2015. On July 31, Halliburton received notice from the Commission requesting additional information in a few discrete areas. The Commission considers this information necessary to complete the Form CO. Halliburton will work closely and cooperatively with the Commission to provide this additional information in the near future. This will then start the formal review process.
Halliburton is fully committed to a target of closing the acquisition in late 2015, though the acquisition agreement provides that the closing can be extended into 2016, if necessary.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation.
Shares of CDK Global Inc (NASDAQ:CDK), declined -3.87% to $49.89, during its last trading session.
More than 200 of Portland, Oregon’s top programmers, coders, and graphic designers, gathered for CDK Global’s (NASDAQ: CDK) Summer Hack-a-thon. This was CDK’s fourth such event bringing together associates and summer interns to brainstorm new ways technology can be used to benefit CDK’s dealership clients. In total, more than 30 teams worked together over five days to collaborate and create new ideas that could be put into future development.
The Hack-a-thon is a part of CDK’s innovative culture, which is dedicated to the Agile product development methodology where new ideas evolve through partnership among cross-functional teams. Participants worked all week on their projects in the newly remodeled Portland Plaza office — taking advantage of the new, open design of the space, which was designed specifically for team collaboration. This hack-a-thon’s focus was on providing flexible, easy-to-use solutions that will delight CDK’s clients and put them in the driver’s seat — with the teams delivering more business-centric and client-centric projects.
“The level of associate engagement, innovation and creativity completely exceeded our expectations in every way,” said Rajiv Amar, Division Vice President of Development at CDK Global. “This was our best hack-a-thon ever — with the focus of bringing better technology to our dealer clients.”
CDK Global, Inc. provides integrated information technology and digital marketing/advertising solutions to the automotive retail industry worldwide. The company operates through three segments: Automotive Retail North America, Automotive Retail International, and Digital Marketing.
Finally, Avnet, Inc. (NYSE:AVT), ended its last trade with -1.95% loss, and closed at $42.77.
Avnet, declared it has been ranked among the top 10 high-tech companies from the “2015 Gartner Supply Chain Top 25: High Tech.” This is the second successive year in which Avnet has been recognized in Gartner’s top 10 of supply chain companies for high tech, and Avnet continues to be the only distributor on the list.
“Avnet leverages its vast supply chain experience and network to optimize the complex global supply chains of our customers, suppliers and partners,” said Wade McDaniel, vice president of solutions architecture, Avnet Velocity. “Our unique approach to solving problems for our customers, suppliers, and our internal teams assists us to continuously develop new and innovative ways to address critical supply chain needs.”
In addition to being recognized in Gartner’s supply chain ranking, Avnet also manages large elements of the technology supply chains for several of the companies on the list. Avnet delivers globally available, rapidly scalable, customized supply chain solutions to the direct market for electronic components and equipment.
Avnet, Inc., together with its auxiliaries, distributes electronic components, enterprise computer and storage products, IT solutions and services, and embedded subsystems in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific. It operates through two segments, Electronics Marketing (EM) and Technology Solutions (TS).
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