On Wednesday, Shares of Charles Schwab Corp (NYSE:SCHW), gained 1.07% to $29.40.
At a time when independent registered investment advisor (RIA) firms’ revenue and profitability are reaching new highs, the industry is seeing an uptick in merger and acquisition (M&A) activity, based on the number of deals in addition to the average deal size. According to the latest data compiled by Schwab Advisor Services, total and average deal size rose during the first six months of 2015 indicating that the industry has both the financial means and the appetite to make planned moves in order to achieve scale and gain competitive strength.
The first half of 2015 closed with 37 accomplished transactions, up from 29 over the same period in 2014, according to the data. Total transaction value raised 53 percent to $49.8 billion in assets under administration (AUM), a jump from $32.6 billion in the first half of 2014. Meanwhile, average deal size reached $1.3 billion in AUM, marking the highest average deal value since 2009, when the average transaction size for the entire year was $1.7 billion in AUM.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Shares of Arch Coal Inc (NYSE:ACI), inclined 12.32% to $7.20, during its last trading session.
Arch Coal, declared the extension of its (i) pending private offer to exchange (the “2020 Exchange Offer”) new 6.25% Trust Certificates due 2021 (the “Trust Certificates”) and a cash payment for any and all of its outstanding 7.25% Senior Notes due 2020 (the “2020 Notes”) and (ii) pending concurrent private offer to exchange (the “Concurrent Exchange Offer” and, together with the 2020 Exchange Offer, the “Exchange Offers”) Trust Certificates, 8.00% Senior Secured Notes due 2022 (the “New 2022 Secured Notes”) and 12.00% Senior Secured Second Lien Notes due 2023 (the “New 2023 Secured Notes”) for its outstanding 7.000% Senior Notes due 2019 (“Old 7.000% 2019 Notes”), 9.875% Senior Notes due 2019 (“Old 9.875% 2019 Notes”) and 7.250% Senior Notes due 2021 (“Old 7.250% 2021 Notes” and, together with the Old 7.000% 2019 Notes and the Old 9.875% 2019 Notes, the “Old Notes”).
The 2020 Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on August 4, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on August 14, 2015. The Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on August 4, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on August 14, 2015. Additionally, the Early Tender Time for the Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on August 4, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on August 14, 2015. The Withdrawal Deadline for the Exchange Offers has passed, so 2020 Notes tendered in the 2020 Exchange Offer and Old Notes tendered in the Concurrent Exchange Offer may no longer be withdrawn.
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2014, it operated or contracted out the operation of 16 mines; and owned or controlled about 5.1 billion tons of proven and probable recoverable reserves.
Finally, Capstone Turbine Corporation (NASDAQ:CPST), ended its last trade with -1.51% loss, and closed at $0.384.
Capstone Turbine Corporation declared that its flagship C200 and C1000 Series microturbines have become certified for multiple European Grid Interconnection standards. These new standards, which are; Verband der Elektrotechnik (VDE) and Bundesverband der Energie - und Wasserwirtschaft (BDEW) and Comitato Electtrotecnico Italiano (CEI) were attained following the development and implementation of new microturbine system software architecture.
Both microturbine products were tested and successfully certified by independent third party agencies for the new German and Italian utility grid standards.
An improvement in the installation of grid-connected distributed energy resources (DER) has led to new challenges for electrical distribution systems (EDS) in both Germany and Italy as they lean more heavily on renewable energy and distributed combined heat and power plants. Distributed power generation, using DER technologies, can often impact distribution networks by causing lulls in grid voltage. Capstone’s certification allows its microturbines to successfully interconnect and operate in parallel with the grid and in compliance with this new more stringent EU grid interconnect regulations.
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide.
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 through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
