On Monday, Shares of Windstream Holdings, Inc. (NASDAQ:WIN), lost -5.23% to $8.70, hitting its lowest level, adding losses from Friday.
On Friday, Windstream had its target price reduced by analysts at JPMorgan Chase & Co. to $10 from $13. The firm kept its “neutral” rating on shares.
The broadband and communications company posted mixed first-quarter earnings results after the market closed last Thursday.
Windstream Holdings, Inc. provides communications and technology solutions in the United States. It offers managed services and cloud computing services to businesses, in addition to broadband, voice, and video services to consumers primarily in rural markets.
Shares of BioScrip, Inc. (NASDAQ:BIOS), inclined 9.37% to $3.97, during its last trading session.
BioScrip, declared the commencement of an exchange offer following which it is offering to exchange up to $200,000,000 in aggregate principal amount of 8.875% Senior Notes due 2021, which have been registered under the Securities Act of 1933, as amended, for an equal aggregate principal amount of its outstanding 8.875% Senior Notes due 2021 that were originally issued on February 11, 2014, in a transaction exempt from registration under the Securities Act. The terms of the Exchange Notes are substantially identical to the terms of the Old Notes, except that the Exchange Notes have been registered under the Securities Act and will not be subject to the transfer restrictions and registration rights that related to the Old Notes.
The exchange offer is being made to satisfy BioScrip’s obligations under a registration rights agreement reached in connection with the issuance of the Old Notes, and does not represent a new financing transaction.
The exchange offer will expire at 5:00 p.m., New York City time, on June 9, 2015, unless extended. Tenders of Old Notes must be made before the exchange offer expires and may be withdrawn any time preceding to the expiration of the exchange offer.
BioScrip, Inc. provides home infusion and other home care services, and pharmacy benefit administration (PBM) services in the United States. It operates in two segments, Infusion Services and PBM Services. The Infusion Services segment offers home infusion therapy and respiratory therapy services; and durable medical equipment, products, and services.
At the end of Monday’s trade, Shares of Public Service Enterprise Group Inc. (NYSE:PEG), lost -0.02% to $42.05.
Public Service Enterprise Group Incorporated, Long Island is ready to meet peak demand during the forthcoming summer months and is ongoing to make noteworthy upgrades to provide an even more reliable system throughout the service territory.
PSEG Long Island has accomplished numerous projects to ensure safe and reliable service. This work comprises substation, transmission and distribution upgrades, in addition to circuit and equipment inspections across Long Island and the Rockaways.
As part of the capital improvement program, PSEG Long Island has invested:
- $16 million to install new power control equipment (A Dynamic Reactive Support System) at the Wildwood Substation in the Town of Brookhaven, necessary to support voltage levels on the transmission system in Suffolk County;
- $12 million to expand the capacity of the existing Terryville Substation in the in the Town of Brookhaven to meet with the growing needs of the area’s customers;
- $5.5 million to enhance the Syosset Substation design to enhance reliability in the Town of Oyster Bay;
- $3.1 million at the Elwood Substation to install new power control equipment necessary to support voltage levels on the Transmission System in the Town of Huntington, which will support customer needs;
- $1.7 million at the Huntington Village Substation to install a new transmission Capacitor Bank and replace protective equipment to enhance reliability and support electric voltage levels in the Town of Huntington.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts.
Finally, Kimco Realty Corporation (NYSE:KIM), ended its last trade with -1.71% loss, and closed at $24.13.
Kimco Realty Corporation, stated results for the first quarter ended March 31, 2015.
Highlights and Subsequent Activity
- FFO per diluted share raised 8.8% for the first quarter over the comparable 2014 period; FFO as adjusted per diluted share raised 5.9% during the same period;
- S. and combined portfolio occupancy each raised to 95.7%, representing an improvement of 100 basis points and 120 basis points, respectively, from the first quarter of 2014;
- S. Pro-rata rental-rate leasing spreads raised 10.1% driven by a 19.1% enhance in the rental rates for new leases;
- Raised $1.0 billion of capital; closed a $650 million unsecured term loan priced at 95 basis points over LIBOR and issued a new $350 million 30-year unsecured bond with a coupon of 4.25%;
- After quarter end, sold 6.4 million shares of SUPERVALU INC. (SVU) common stock resulting in a gain on sale of about $32.4 million that will be recognized in the second quarter of 2015; and
- Company declares executive promotions:
- Ross Cooper, Executive Vice President, Chief Investment Officer
- David Jamieson, Executive Vice President, Asset Administration and Operations.
Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and administration of neighborhood and community shopping centers.
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