On Tuesday, Shares of Metlife Inc (NYSE:MET), lost -0.06% to $50.77.
MetLife, said that it will achieve carbon neutrality by the end of 2016, becoming the first U.S.-based insurer to do so.
Significantly, MetLife will achieve its aim through real reductions in energy use and greenhouse gas (GHG) emissions, not simply through the purchase of carbon offsets. In addition, MetLife will require its top suppliers to publicly disclose their GHG emissions and mitigation efforts for the first time.
“MetLife has a long history of promoting a healthy environment for our customers, their families and the communities that we serve, and these new environmental aims are an expansion of our commitment,” said Marty Lippert, MetLife executive vice president and head of Global Technology and Operations.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
Shares of PMC-Sierra Inc (NASDAQ:PMCS), inclined 1.19% to $11.89, during its last trading session.
Microsemi Corporation, declared that it was informed last night that its reiterated proposal to acquire PMC-Sierra, Inc (PMCS) in a cash and stock transaction constitutes a “Superior Proposal” under the terms of PMC’s merger agreement with Skyworks Solutions, Inc. (SWKS).
Under the terms of the Microsemi reiterated proposal, PMC shareholders will receive $9.04 in cash and 0.0771x of a share of Microsemi common stock for each share of PMC common stock held at the close of the transaction. The merger agreement presented by Microsemi on Monday in support of its reiterated proposal is the same in all material respect to the previous merger agreement presented by Microsemi on October 30, 2015. However, in support of its intent to consummate the transaction without delay by the end of the calendar year, Microsemi shortened the time to file an Exchange Offer with the Securities and Exchange Commission. Microsemi was informed that the PMC-Sierra board has given written notice to Skyworks of its intent to approve or recommend the Microsemi proposal. As a result, PMC-Sierra will be entitled to terminate the merger agreement if Skyworks does not make, within three business days following the receipt of the notice, a binding, written and complete proposal that would cause the proposal received from Microsemi to no longer constitute a “Superior Proposal.”
PMC-Sierra, Inc. designs, develops, markets, and supports semiconductor solutions for communications network infrastructure equipment worldwide. Its semiconductor devices enable networking equipment primarily in three markets, counting storage, optical, and mobile networks.
Finally, Shares of Textura Corp (NYSE:TXTR), ended its last trade with -19.74% loss, and closed at $23.62.
Textura Corporation, declared financial results for the quarter ended September 30, 2015.
“We delivered another quarter of solid Adjusted EBITDA and cash flow, and continued to add value to our customers by increasing the functionality of our suite of solutions,” said Dave Habiger, interim CEO. “The continued addition of large general contractors to our platform this quarter reinforces our industry-leading position and our commitment to growing our business and creating long-term shareholder value.”
Q3 2015 Key Business Highlights
- Yates Construction, a full service general contractor based in Mississippi, joined the growing list of large general contractors on CPM. Its parent, The Yates Companies, Inc., recently ranked No. 25 on Engineering News-Record’s 2015 ENR 400 listing of top general contractors, based on total revenues of $2.42 billion in 2014.
- Textura Link was recently launched to improve the integration between CPM and customers’ ERP systems. This Web services-based tool enables the seamless flow of information between CPM and construction companies’ other financial applications, eliminating manual import and export of information and reducing errors.
- Early adoption of the Early Payment Program (EPP), which facilitates third-party funding that enables general contractors to provide accelerated payments to subcontractors, continued during the quarter. Textura provides the technology for EPP through its CPM solution and technology platform.
Textura Corporation provides partnership and productivity tools for the construction industry in the United States and Canada. Its solutions are focused on facilitating partnership between owners/developers, general contractors, and subcontractors.