On Wednesday, Shares of Cytec Industries Inc (NYSE:CYT), gained 27.06% to $74.19.
Cytec Industries, declared it has reached a definitive merger agreement with Brussels-based Solvay. The total cash consideration will amount to US$5.5 billion, corresponding to an enterprise value of US$6.4 billion. The transaction price per share of $75.25 represents a premium of 28.9% contrast to our closing price of $58.39 on July 28, 2015 and a premium of 26.9% contrast to the volume weighted average closing share price over the last three months.
Shane Fleming, Chairman, President and Chief Executive Officer commented, “We are excited to be joining a preeminent global chemical company with leading market positions and a similar growth strategy to Cytec`s. This union will enhance our businesses ability to drive their strategy of value creation through strengthening and leveraging our market and technology leadership positions in high growth end markets.”
Cytec Industries Inc., a specialty materials and chemicals company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastics industries.
Shares of Centurylink Inc (NYSE:CTL), declined -0.21% to $28.16, during its last trading session.
CenturyLink, and Iowa Communications Network, declared that ICN added CenturyLink’s unified communications-as-a-service (UCaaS) solutions to its product portfolio. ICN is the State of Iowa government agency that operates a fiber optic broadband network for Iowa’s government, healthcare, education and public safety sectors.
ICN’s statewide fiber optic network offers public Internet connectivity, private data networking, video over Internet Protocol and voice service to its authorized users.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer.
Finally, Infoblox Inc (NYSE:BLOX), ended its last trade with -4.22% loss, and closed at $22.95.
Infoblox, released the second quarter 2015 report for the Infoblox DNS Threat Index, powered by IID, the source for clear cyberthreat intelligence. The index hit a record high of 133 -up 58 percent from the second quarter of 2014-due to a surge in phishing attacks.
The Infoblox DNS Threat Index (www.infoblox.com/dns-threat-index), which Infoblox and IID (www.internetidentity.com) are introducing recently, is an indicator of malicious activity worldwide exploiting the Domain Name System (DNS).
Infoblox Inc. develops, markets, and sells automated network control solutions worldwide. Its appliance-based solution combines real-time IP address administration with the automation of network control, and network change and configuration administration processes in physical and virtual appliances.
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