On Tuesday, Shares of Ford Motor Co. (NYSE:F), gained 1.16% to $14.81.
Ford Motor Company, will release its 2015 second quarter financial results at 7 a.m. EDT Tuesday, July 28. The following briefings will be conducted after the declaration:
At 9 a.m. EDT, Mark Fields, Ford president and chief executive officer, and Bob Shanks, Ford executive vice president and chief financial officer, will host a conference call to talk about Ford’s 2015 second quarter financial results.
At 11 a.m. EDT, Neil Schloss, Ford vice president and treasurer; Stuart Rowley, Ford vice president and controller; and Michael Seneski, chief financial officer, Ford Motor Credit Company, will host a conference call focusing on Ford Motor Credit Company’s 2015 second quarter financial results.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of Rex Energy Corporation (NASDAQ:REXX), inclined 2.45% to $33.76, during its last trading session.
Rex Energy Corporation, declared that it has designated Robert W. Ovitz as Chief Operating Officer of the company. Mr. Ovitz, who most recently served as the Senior Vice President, Operations for the company, assumes the COO role from Patrick M. McKinney, who has served as COO since May 2010 and both President and COO since October 2011. Mr. McKinney will leave the company in August to pursue an opportunity in the investment banking industry.
Effective right away, Ovitz will assume responsibility for company-wide operations, with direct oversight of Appalachian and Illinois operations, reservoir engineering, and exploration and geology. He will be responsible for the alignment, prioritization and administration of operational capital to execute the company’s exploration, drilling and production strategies, and for ensuring operational excellence across the company.
Tom Stabley, Rex Energy’s Chief Executive Officer, will assume the role of President and Chief Executive Officer after Mr. McKinney’s departure in August.
Rex Energy Corporation operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the United States. The company focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities in the Appalachian Basin, in addition to on developmental oil drilling and the implementation of improved oil recovery on its properties in the Illinois Basins.
Finally, Catamaran Corporation (NASDAQ:CTRX), ended its last trade with 0.08% gain, and closed at $61.39.
Catamaran Corporation, declared that at a special meeting of its shareholders held earlier recently, Catamaran shareholders approved the formerly declared arrangement agreement and plan of arrangement providing for the acquisition of Catamaran by UnitedHealth Group [NYSE: UNH].
Over 99% of the votes represented and cast at the meeting were voted in favor of the approval and adoption of the arrangement agreement and plan of arrangement. Catamaran shareholders also approved, on an advisory, non-binding basis, compensation that may become payable to named executive officers as a result of the acquisition.
Under the terms of the arrangement agreement and plan of arrangement formerly declared on March 30, 2015, UnitedHealth Group will acquire, indirectly, all of the issued and outstanding shares of Catamaran, with Catamaran shareholders receiving an amount in cash equal to US$61.50 per common share, without interest and less applicable withholding taxes. The transaction, which is predictable to close in the third quarter of 2015, remains subject to final approval by the Yukon court and Ohio insurance regulator and the satisfaction of other customary closing conditions.
Catamaran Corporation provides pharmacy benefit administration (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits administration industry in North America. The company operates in two segments, PBM and HCIT.
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