On Thursday, Shares of Micron Technology, Inc. (NASDAQ:MU), gained 3.89% to $18.70.
China’s Tsinghua Holdings is still discussing a potential deal to buy U.S. chipmaker Micron Technology Inc and hopes it could eventually go through, the state-backed investment company’s chairman told Reuters on Thursday, according to Reuters.
Sources told Reuters earlier this week that Micron has dismissed an informal $23 billion offer from Tsinghua Unigroup, a private equity partner of Tsinghua Holdings, on the presumption that a deal would be blocked by U.S. regulators.
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.
Shares of Las Vegas Sands Corp. (NYSE:LVS), inclined 1.40% to $55.73, during its last trading session.
Las Vegas Sands Corp., stated financial results for the quarter ended June 30, 2015.
Second Quarter Overview
Mr. Sheldon G. Adelson, chairman and chief executive officer, said, “While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows allowed us to again deliver in excess of one billion U.S. dollars of Adjusted Property EBITDA during the quarter and weather this cyclical downturn better than the industry overall. Despite the current headwinds in the Macao market, we remain sharply focused on the compriseent execution of our global growth strategy, which leverages the power of our unique convention-based Integrated Resort business model.
The company paid a recurring quarterly dividend of $0.65 per common share during the quarter, an enhance of 30.0% contrast to the second quarter of 2014. The company also declared that its next recurring quarterly dividend of $0.65 per common share will be paid on September 30, 2015, to Las Vegas Sands shareholders of record on September 22, 2015. That dividend represents an enhance of 30.0% contrast to the dividend paid in the third quarter of 2014. Additionally, since the inception of the company’s share repurchase program in June 2013, the company has returned $2.30 billion to shareholders through the repurchase of 32.3 million shares, counting $65.0 million of common stock (1.3 million shares at a weighted average price of $50.46) during the quarter ended June 30, 2015.
Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao in Macau, the Peoples Republic of China.
Finally, State Street Corporation (NYSE:STT), ended its last trade with -1.37% loss, and closed at $79.71, hitting its highest level.
State Street Corporation declared the results of the GX Private Equity IndexSM (PEI). The GX Private Equity Index is a benchmark for comparative analysis of private equity performance, which comprises a comprehensive data set dating back nearly three decades. In the first quarter of 2015, the index saw an overall return of two percent. The index is based on directly sourced limited partnership data and represents more than $2.2 trillion of private equity investments, with more than 2,400 unique private equity partnerships, as of March 31, 2015.
“We have observed noteworthy amounts of capital being returned to investors with fund distributions outpacing capital draws over the last 33 months, which is unprecedented in the past 25 years,” said Will Kinlaw, head of State Street Associates. “With so much capital coming back to them, limited partners face difficult decisions on where they put this money to work and whether to reinvest in private equity.”
State Street Corporation provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, counting custody; product- and participant-level accounting; daily pricing and administration; master trust and master custody; record-keeping; cash administration; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; and performance, risk, and compliance analytics.
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