During Thursday’s Afternoon trade, Shares of New Senior Investment Group Inc. (NYSE:SNR), lost -3.89% to $13.60, hitting its lowest level.
New Senior Investment Group, declared the pricing of a public offering of 17,500,000 shares of its common stock at a public offering price of $13.75 per share for gross proceeds of about $241 million. The offering is predictable to close on June 29, 2015, subject to customary closing conditions.
In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of common stock from the Company.
The Company intends to use the net proceeds from the offering to fund a portion of the purchase price for a $640 million portfolio of independent living senior housing properties, which the Company entered into a contract to purchase on June 22, 2015, and for general corporate purposes, which may comprise, but are not limited to, funding additional acquisitions.
BofA Merrill Lynch, Citigroup and Morgan Stanley are the joint book-running managers for the offering. The offering is being made following the Company’s existing effective shelf registration statement, formerly filed with the Securities and Exchange Commission.
New Senior Investment Group Inc. (NYSE:SNR.WI) operates independently of Newcastle Investment Corp. as of November 6, 2014.
Shares of Oasis Petroleum Inc. (NYSE:OAS), inclined 0.31% to $16.03, during its current trading session, despite oil prices fell on Thursday as concerns over Greek debt negotiations and the potential easing of sanctions on crude-producing Iran overshadowed strong U.S. demand figures.
North Sea Brent crude oil traded within a fairly narrow range as investors eyed a weak physical crude market in the Atlantic Basin amid reports of healthier demand for gasoline and diesel in the United States and Europe. Reuters Reports.
But to-the-wire talks between Greece and its international creditors that have thus far failed to yield a contract raised concerns about the European economy - and thus its predictable oil demand. Reuters added.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Finally, Duke Energy Corporation (NYSE:DUK), gained 0.11%, and is now trading at $71.01.
Over 11,000 students and 380 teachers will benefit from Duke Energy Corporation, grants totaling $1 million to various public education institutions throughout Florida.
The grants, from the Duke Energy Foundation, encompass both direct-to-student contributions and individual teacher grants to improve STEM (science, technology, engineering and math) education in Florida’s public schools.
“Providing schools with stronger curriculum and hands-on teaching projects excite students and assists prepare them to enter math and engineering career fields,” said Alex Glenn, state president, Duke Energy Florida. “Duke Energy is proud to support these local organizations, which are critical to the long-term success of our state in competing globally.”
“Duke Energy has consistently been a leading partner with our statewide organization and local education foundations throughout their Florida service territory,” said Mary Chance, president of the Consortium of Florida Education Foundations. “In recent years, we have really raised the bar on student achievement expectations in our state. Duke Energy is providing meaningful support for applied learning opportunities for students – a factor that can make all the difference by making learning relevant and engaging.”
Last year, Duke Energy and its foundation made more than $4 million in charitable investments in Florida. The company makes noteworthy philanthropic investments in Florida communities supporting programs with a direct community impact, education, environmental and economic and workforce development.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power.
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