On Tuesday, Shares of Canadian Pacific Railway Limited (USA) (NYSE:CP), declined -1.21% to $155.24, during its last trading session.
Canadian Pacific Railway Limited, declared that it intends to purchase for cancellation up to 736,625 of its common shares following private agreements to be reached between CP and two arm’s‐length third‐party sellers.
Purchases will be made in accordance with two issuer bid exemption orders issued by the Ontario Securities Commission (“OSC”) each dated July 31, 2015 (the “Orders”), and following the Orders, may be made in several transactions preceding to March 17, 2016. The price CP will pay for its common shares purchased by way of private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase.
Purchases made by CP will be counted towards CP’s normal course issuer bid declared on March 16, 2015 for up to 9,140,000 CP common shares (the “Bid”) and will not exceed, in aggregate, one third of the maximum number of common shares CP may purchase under the Bid, being 3,046,667 common shares.
The actual number of CP common shares that will be repurchased under the Bid, by way of any private agreements or otherwise, and the timing of any such purchases, will be determined by CP. There cannot be any assurances as to how many common shares will ultimately be attained by CP under the Bid.
Canadian Pacific Railway Limited, through its auxiliaries, operates a transcontinental railway in Canada and the United States. The company provides logistics and supply chain expertise services. It transports bulk commodities, counting grain, coal, fertilizers, and sulphur; and intermodal traffic comprising retail goods in overseas containers that can be transported by train, ship, and truck, in addition to in domestic containers and trailers that can be moved by train and truck.
Finally, Aqua America Inc (NYSE:WTR), ended its last trade with 0.75% gain, and closed at $26.82.
Aqua America, declared that Charles Stevenson has been promoted to director of fleet and supply chain administration as part of a reorganization that expands his former responsibilities.
In his new position, Stevenson’s previous responsibilities for the company’s fleet (1,200 vehicles) and materials administration have been expanded to comprise purchasing. “The overall efficiency and productivity these departments will benefit from raised partnership within the newly combined group,” said Aqua America CFO Dave Smeltzer, under whose organization the position now falls. “It’s a natural fit to place our purchasing operation in the same arena as our inventory and materials administration operation.”
Stevenson joined Aqua in 1987 as a service technician and held various positions of raised responsibility before being promoted to manager of fleet in 2001. He was promoted to his most recent position of manager of fleet and materials administration in 2007, assuming responsibility for materials administration counting vendor administration, inventory control and maintenance, and materials administration systems.
Stevenson earned his B.S. in automotive technology Administration from Penn State University. His professional memberships comprise the National Association of Fleet Administrators, the Society of Automotive Engineers, and the Automotive Service Association of Pennsylvania. In his role at Aqua, he received the 2014 Sustainability All-Star Winner at the Green Fleet Conference & Expo for reducing emissions and fuel consumption. He is on the Education Foundation Board of Directors of Delaware County Community College and Philadelphia Clean Cities organization.
Aqua America, Inc., through its auxiliaries, operates regulated utilities that provide water or wastewater services in the United States. It offers liquid waste hauling and disposal, and water and wastewater services through operating and maintenance contracts with municipal authorities and other parties.
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.
