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Sunday 31 January 2016
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Active Stocks to Track: Fiat Chrysler Automobiles NV (NYSE:FCAU), Honeywell International Inc. (NYSE:HON), Liberty Interactive Group (NASDAQ:QVCA)

On Thursday, Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU), lost -1.13% to $13.99.

Fiat Chrysler Automobiles N.V. and Ferrari N.V., declared that the separation of the Ferrari business from the FCA group was accomplished on January 3, 2016.

FCA shareholders are entitled to receive one common share of Ferrari for every 10 FCA common shares held. In addition, holders of FCA mandatory convertible securities are entitled to receive 0.77369 common shares of Ferrari for each MCS unit of $100 in notional amount. The Ferrari common shares outstanding following the separation are 188,923,499, while the issued common shares in the capital of Ferrari are 193,923,499.[1] In addition FCA shareholders participating in the company’s loyalty voting program will receive one special voting share of Ferrari for every 10 special voting shares of FCA held. The Ferrari special voting shares issued and outstanding as of completion of the separation are 56,497,618. Special voting shares are not listed and cannot be traded.

Ferrari common shares will continue to trade on the NYSE under the RACE ticker symbol, but from January 4, 2016, the shares will trade under the new CUSIP N3167Y 103. Ferrari common shares have been approved for listing and are predictable to commence trading on the Mercato Telematico Azionario on January 4, 2016, under the RACE ticker symbol and the ISIN code NL0011585146.

Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.

Shares of Honeywell International Inc. (NYSE:HON), declined -0.85% to $103.57, during its last trading session.

Honeywell declared that Terrence Hahn, President and CEO, Honeywell Transportation Systems, will be presenting at the Deutsche Bank Global Auto Industry Conference in Detroit, Mich. on Tuesday, January 12, 2016 from 2:20 p.m. – 3:00p.m. EST.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.

Finally, Liberty Interactive Group (NASDAQ:QVCA), ended its last trade with 0.50% gain, and closed at $27.32.

Liberty Interactive LLC, a partner of Liberty Interactive Corporation (NASDAQ: QVCA, QVCB, LVNTA, LVNTB), declared the payment of a quarterly interest payment to the holders, as of December 16, 2015, of its 1.0% Senior Exchangeable Debentures due 2043. The amount of the quarterly interest payment is $2.50 per $1,000 original principal amount of Debentures.

Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced in an amount equal to each extraordinary distribution made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive quarterly interest payment date to the extent necessary to cause the quarterly interest payment to represent the payment of an annualized yield of 1.0% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular extraordinary distribution that results in a reduction to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that extraordinary distribution.

To date, Liberty has made one extraordinary distribution to holders of the Debentures. On March 19, 2015, Liberty made an extraordinary distribution of $134.5800 per $1,000 original principal amount of the Debenture resulting from the declaration and payment by HSN, Inc. of a special cash dividend of $10.00 per share to HSNi shareholders of record as of February 9, 2015.

Liberty Interactive Corporation, through its auxiliaries, engages in the video and on-line commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications.