On Friday, Shares of Rentech, Inc. (NASDAQ:RTK), gained 0.51% to $0.633.
Rentech, declared that it has agreed to vote its 59.7% ownership interest in Rentech Nitrogen Partners, L.P. (RNF) in favor of the projected merger with CVR Partners LP. Upon the closing of the merger, Rentech would receive about $318 million in cash and units of CVR Partners, plus a retained interest in Rentech Nitrogen’s Pasadena facility, based on the closing unit price of CVR Partners on August 7, 2015. Rentech and other holders of Rentech Nitrogen would receive the value of the Pasadena facility upon the disposition of the asset.
Rentech Nitrogen and CVR Partners will host a conference call recently at 7:00 a.m. PDT regarding the declaration. Additional details will be offered in an investor presentation posted on Rentech’s website preceding to the call.
Rentech, Inc., through its auxiliaries, provides wood fiber processing services, wood chips, and wood pellets. The company operates through five segments: East Dubuque; Pasadena; Fulghum Fibres; Wood Pellets: Industrial; and Wood Pellets: NEWP.
Shares of Stillwater Mining Company (NYSE:SWC), declined -7.07% to $8.41, during its last trading session.
Stillwater Mining Company stated financial results for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights:
- Processed 151,600 ounces of recycled palladium, platinum and rhodium, an enhance of 12.9% over 134,300 ounces recycled during the second quarter of 2014
- Merged net loss attributable to common stockholders of $27.5 million or $0.23 per share, counting a $46.8 million (before-tax) impairment charge taken on the Marathon mineral properties
- Mined palladium and platinum production of 127,000 ounces, a slight enhance from 126,400 ounces mined during the second quarter of 2014
- All-in Sustaining Costs (AISC) of $785 per mined ounce of palladium and platinum, contrast to $792 per mined ounce for the second quarter of 2014
- Cash and cash equivalents plus highly liquid investments of $531.2 million at quarter end, after $11.0 million enhance in recycle working capital during the second quarter
- Labor contract with employees expired during the quarter; represented employees at the Stillwater Mine and Columbus processing facilities continue to work under the terms of the previous agreement
Stillwater Mining Company engages in the development, extraction, processing, smelting, and refining of platinum group metals (PGMs). It operates through Mine Production, PGM Recycling, Canadian Properties, and South American Properties segments.
At the end of Friday’s trade, Shares of Kimco Realty Corp (NYSE:KIM), gained 0.36% to $24.91.
Kimco Realty, will declare its third quarter earnings on Wednesday, November 4, 2015 after market close. Interested parties are invited to listen to our quarterly earnings conference call, which will be broadcast live over the Internet on Thursday, November 5, 2015 at 10:00 AM EST.
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.
Finally, Caesars Entertainment Corp (NASDAQ:CZR), ended its last trade with 5.86% gain, and closed at $6.86.
Caesars Acquisition Company stated the following results for Caesars Growth Partners, LLC for the second quarter 2015. Caesars Acquisition Company was formed to make an investment in CGP LLC, owns 100% of the voting membership units of CGP LLC and accounts for its investment under the equity method.
- Achieved another record quarter in the Interactive Entertainment business unit with revenues and Adjusted EBITDA up 28.8% and 55.8% for the three-month period ended June 30, 2015 as contrast to the three-month period ended June 30, 2014.
- Generated solid growth in the Casino Properties and Developments business unit with revenues and Adjusted EBITDA up 32.6% and 47.9% for the three-month period ended June 30, 2015 as contrast to the three-month period ended June 30, 2014.
- Accomplished the room renovation at LINQ Hotel & Casino in early May 2015 and practiced robust performance at the property as a result. Accomplished the remaining property renovation at LINQ Hotel & Casino in July 2015.
Caesars Entertainment Corporation, through its auxiliaries, provides casino-entertainment and hospitality services in the United States and internationally. It operates in four segments: Caesars Entertainment Resort Properties, Caesars Growth Partners Casino Properties and Developments, Caesars Interactive Entertainment, and Caesars Entertainment Operating Company.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
