On Tuesday, Shares of MeadWestvaco Corporation (NYSE:MWV), lost -0.59% to $47.19.
Rock-Tenn Company, declared the preliminary results of the elections made by its shareholders as to the form of merger consideration they wish to receive in connection with the combination of RockTenn and MeadWestvaco Corporation (MWV) (MWV) into WestRock Company (WestRock).
- As formerly declared, under the terms of the business combination agreement, by and among RockTenn, MWV, WestRock, Rome Merger Sub, Inc. and Milan Merger Sub, LLC, subject to proration, allocation and certain limitations set forth in the business combination agreement, shareholders of RockTenn had the option to elect to receive for each share of RockTenn common stock (except for excluded shares and dissenting shares as more particularly set forth in the business combination agreement):
- the right to receive an amount in cash equal to the volume weighted average price per share of RockTenn common stock on the New York Stock Exchange for the successive period over the five trading days right away preceding (but not counting) the third trading day preceding to the effective time of the combination; or
- the right to receive one fully paid and non-assessable share of WestRock common stock.
MeadWestvaco Corporation provides packaging solutions to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries worldwide. The company’s Food & Beverage segment offers packaging materials and paperboards, and beverage packaging machinery, in addition to engages in the carton design and converting operations.
Shares of Cypress Semiconductor Corporation (NASDAQ:CY), inclined 1.73% to $11.76, during its last trading session.
Cypress Semiconductor Corporation, declared that leading Japanese electronics publication Semiconductor Industry News has selected Cypress’s new EZ-PD™ CCG1 and EZ-PD CCG2 USB Type-C controllers for the publication’s 21st annual “Semiconductor of the Year” award. The publication’s editors nominated 123 products and technologies from the thousands of products declared this past year, and they selected the winners based on disruptive design, volume production structure, impact on society and overall potential. The editors chose the Cypress EZ-PD CCG1 and CCG2 USB Type-C controllers for the “Award for Excellence” because they provide high-quality solutions that meet the accelerating demand of the Type-C market in a timely manner.
The EZ-PD CCG1 USB Type-C port controllers are based on Cypress’s PSoC® 4 programmable system-on-chip architecture. PSoC’s programmability enabled Cypress to integrate the transceiver for USB Type-C communication within a matter of weeks after the ratification of the USB Type-C specification and to get its product to market fast and first. The controllers provide design flexibility for multiple USB Type-C applications such as cables, power adapters, notebooks, dongles and monitors.
Optimized for 2.4-mm thin USB Type-C cable connectors, the programmable EZ-PD CCG2 controller is fully capable of supporting any USB Type-C Downstream Facing Port (DFP), Upstream Facing Port (UFP) or Dual Role Port (DRP) applications. EZ-PD CCG2 is accessible in a 3.3 mm2 20-ball Wafer Level Chip Scale Package (WLCSP), a 14-pin DFN and a 24-pin QFN. EZ-PD CCG2 is the first programmable solution to fully integrate the USB Type-C transceiver, system-level ESD protection, and termination resistors needed for all USB Type-C applications.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
Finally, The Western Union Company (NYSE:WU), ended its last trade with -0.15% loss, and closed at $20.33.
The Western Union Company, declared that it has signed a contract to activate Western Union Money Transfer® services within WHSmith high street stores via Western Union’s innovative self-service kiosks. The deal brings Western Union services to existing and new groups of digitally savvy consumers from even more convenient locations.
This new agreement will allow Western Union’s digital self-service kiosks to be accessible at 300 WHSmith stores. Customers can simply enter their transaction details at the kiosks and then proceed to a WHSmith self-checkout to pay for their money transfer. These digital transactions are paperless, provide digital compliance verification and enable efficient check-outs.
Western Union is expanding its presence in the European retail market and looking to expand its network by working with key UK retail groups as agents for its money transfer services.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations.
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