On Friday, Shares of XPO Logistics Inc (NYSE:XPO), gained 3.72% to $ 44.35.
XPO Logistics, declared that the President of the Paris Commercial Court has granted, at XPO`s request, an injunction barring Elliott Capital Advisors L.P. and its related funds from transferring their recently attained equity interest in Norbert Dentressangle SA to any third party other than XPO.
The injunction was issued on the basis of evidence showing that Elliott has accumulated its interest in ND through deceptive means that are in violation of applicable disclosure and tender offer regulations. The expedited proceeding brought by XPO in the Paris Commercial Court constitutes a first step in the proceedings that XPO will take to sanction Elliott`s illicit scheme.
XPO Logistics, Inc. provides transportation and logistics services primarily in the United States. The company operates through two segments, Transportation and Logistics. The Transportation segment provides truckload, less-than truckload and intermodal brokerage, and last-mile delivery logistics services under the brands XPO Logistics, XPO Last Mile, and Pacer; and time-critical, time-sensitive, or high priority freight shipment services under the brand names XPO Express, XPO NLM, and XPO Air Charter.
Shares of Fidelity National Information Services (NYSE:FIS), inclined 1.99% to $63.57, during its last trading session.
Fidelity National Information Services, a global leader in banking and payments technology as well as consulting and outsourcing solutions, is one of 19 organizations selected to serve on the Steering Committee of the Fed’s new Faster Payments Task Force. Representatives were selected by members of the task force and the Federal Reserve’s Task Force Chair.
The Federal Reserve formed this task force to advance the U.S. payments infrastructure, which lags behind payments infrastructures in other parts of the world – particularly countries in Europe and Asia – where the ability to move money instantly already exists.
Fidelity National Information Services, Inc. provides banking and payments technology, consulting, and outsourcing solutions worldwide. Its Financial Solutions Group segment offers core processing software applications to run banking processes; retail banking delivery applications that enable financial institutions to integrate and streamline customer-facing operations and back-office processes; fraud, risk administration, and compliance solutions; syndicated loan applications that support wholesale and commercial banking operations; and onshore and offshore commercial services, such as consulting engagements, application development projects, operations support, and infrastructure administration, in addition to integrated consulting and advisory, technology, and IT transformation services.
At the end of Friday’s trade, Shares of SPX Corporation (NYSE:SPW), lost -2.29% to $66.99.
SPX, declared that it will release its second quarter 2015 financial results on Wednesday, July 29, 2015.
SPX Chairman, President and Chief Executive Officer Chris Kearney and SPX Vice President and Chief Financial Officer Jeremy Smeltser will talk about the company’s second quarter earnings during a conference call at 8:30 a.m. Eastern time.
SPX Corporation provides specialized engineered solutions worldwide. The company operates through two segments, Flow Technology, and Thermal Equipment and Services. The Flow Technology segment designs, engineers, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, counting turnkey and skidded systems, and components, in addition to aftermarket components and support services.
Finally, Denison Mines Corp (NYSEMKT:DNN), ended its last trade with -0.28% loss, and closed at $0.638.
Denison Mines Corp, declared the execution of a Binding Letter Agreement to combine their respective businesses. The Transaction creates a leading Canadian focused diversified uranium company - combining high quality assets and the administration teams of two highly respected companies. Headlining the asset portfolio of the combined company will be two world class uranium exploration and development projects: Fission’s 100% owned Patterson Lake South Project, and Denison’s 60% owned Wheeler River Project, both located in the prolific Athabasca Basin, in Northern Saskatchewan, Canada.
Subject to the terms set out in the Binding Agreement, Fission common shareholders will receive 1.26 common shares of Denison for each common share of Fission held plus $0.0001 per share in cash. Upon completion of the Transaction, the combined company, to be named “Denison Energy Corp.”, will be about 50% owned by each of Denison’s and Fission’s existing shareholders on a fully-diluted in-the-money basis. The market capitalization of Denison and Fission on a combined basis is anticipated to be about CAD$900 million. Based on the 30 day volume weighted average price of Denison’s shares on the TSX of CAD$0.99 as at July 3, 2015, the offer implies a price per Fission common share of CAD$1.25 and represents a premium of about 18% to the 30 day volume weighted average price of Fission’s shares on the TSX of CAD$1.06 as at July 3, 2015.
Denison Mines Corp. engages in uranium mining and related activities in Canada, Mali, Namibia, Zambia, and Mongolia. The company is involved in the acquisition, exploration, and development of uranium properties; and extraction, processing, and sale of uranium.
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