On Tuesday, Shares of Rite Aid Corporation (NYSE:RAD), lost -3.71% to $8.82.
Rite Aid Corporation is recalling about 13,000 outdoor dining sets because the chair arms and legs can bend, posing a risk of injury, according to AP.
The recall involves a six-piece outdoor patio set containing four folding chairs, a table and an umbrella. The brown metal-frame chairs have a red canvas seat and back, and measure 21 ¼ inches tall by 25 ¼ inches wide. The square table also has a metal frame and a hard-plastic clear top. UPC number 011822350303 and item number 9034923 are printed on the packaging of the patio set. AP Reports
Rite Aid has received four reports of chairs bending unexpectedly, counting four reports of injuries to the lower back and hip.
The sets were sold at Rite Aid stores and at RiteAid.com from January 2015 to July 2015. AP added
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
Shares of PulteGroup, Inc. (NYSE:PHM), inclined 2.48% to $21.90, during its last trading session, as home builder stocks rally following the July housing starts data and positive August confidence.
Groundbreaking rose 0.2% to a seasonally adjusted annual pace of 1.21 million units, a near eight year high in July, Reuters reports.
On Monday, the National Association of Home Builders said sentiment for August rose by 1 point to 61, its highest level since November 2005. Any reading above 50 is considered positive.
PulteGroup, Inc., through its auxiliaries, engages in the homebuilding business; mortgage banking operations; and title operations in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on land. It offers various home designs, counting single-family detached, townhouses, condominiums, and duplexes under the Pulte Homes, Del Webb, and Centex brand names.
Finally, Seagate Technology Public Limited Company (NASDAQ:STX), ended its last trade with -0.76% loss, and closed at $52.05.
Seagate Technology Public Limited Company and Dot Hill Systems Corp. (HILL), declared that they have reached a definitive agreement under which a wholly-owned indirect partner of Seagate will commence a tender offer for all of the outstanding shares of Dot Hill in an all-cash transaction valued at $9.75 per share, or a total of about $694 million on a fully-diluted equity value basis. As Dot Hill has about $49 million in cash on its balance sheet as of June 30, 2015, the transaction reflects an enterprise value of about $645 million. The consideration represents a 50% premium over the preceding three-month stock price average.
Dot Hill’s external storage array-based systems and software products will complement and expand Seagate’s storage systems offerings and be offered as part of Seagate’s Cloud Systems and Electronics Solutions business. Seagate will leverage Dot Hill’s storage technology IP portfolio and software capabilities to drive innovation and provide incremental value to their combined OEM customer base.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries.
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