During Thursday’s current trade, Axalta Coating Systems Ltd (NYSE:AXTA)’s shares incline 0.94% to $35.32.
Axalta Coating Systems (AXTA), a leading global supplier of liquid and powder coatings, commissioned its new waterborne manufacturing facility in Wuppertal, Germany, nine months after ground was broken on the project. The facility further expands Axalta’s substantial operations in Wuppertal and reflects Axalta’s commitment to produce environmentally responsible waterborne coating technology, for which there is a growing demand.
The new Wuppertal facility will manufacture coatings for most light vehicle original equipment and commercial vehicle original equipment manufacturers (OEMs) in the region, as well as for Axalta’s three global refinish brands – Cromax®, Spies Hecker® and Standox®.
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various waterborne and solventborne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
Select Medical Holdings Corporation (NYSE:SEM)‘s shares gain 2.92% to $16.90, during the current trading session Thursday’s, hitting its highest level.
Select Medical Holdings Corporation (SEM) uncovered that MJ Acquisition Corporation, a joint venture that Select Medical Corporation (“Select”) formed with Welsh, Carson, Anderson & Stowe XII, L.P., has completed its previously announced acquisition of Concentra Inc. Cressey & Company has also invested in the new joint venture.
Select Medical Holdings Corporation, through its partner, Select Medical Corporation, operates specialty hospitals and outpatient rehabilitation clinics in the United States. It operates in two segments, Specialty Hospitals and Outpatient Rehabilitation. The Specialty Hospitals segment provides long term acute care hospital services and inpatient acute rehabilitative hospital care.
In an afternoon trade, Western Asset Mortgage Capital Corp (NYSE:WMC)‘s shares surge 0.61% to $14.83.
Western Asset Mortgage Capital Corp (WMC) declared that its Board of Directors has declared a cash dividend of $0.64 per share for the second quarter of 2015. Recently dividend is payable on July 28, 2015 to common shareholders of record as of June 29, 2015, with an ex-dividend date of June 25, 2015.
The Company also declared its estimated book value per share, as of May 31, 2015 was about $14.87. The May 31, 2015 book value is unaudited and is only an estimate which has not been verified or reviewed by any third party and is subject to normal quarterly reconciliation and other procedures. Further, the estimated book value is as of May 31, 2015 and does not comprise the dividend declared recently. Book value will fluctuate with market conditions, the results of the Company’s operations and other factors. The Company’s current book value may be materially different from the May 31, 2015 estimated book value.
Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It primarily focuses on investing in, financing, and managing agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2009 and is based in Pasadena, California.
Harsco Corporation (NYSE:HSC), during its Thursday’s current trading session -1.24% loss and closed at $16.78.
Harsco Corporation (HSC) declared the withdrawal of its formerly-declared public offering of 5-year senior notes, aggregating $250 million in principal amount, reacting to unfavourable market conditions.
In congruence with its decision to terminate the senior notes offering, Harsco also declared the termination of its cash tender offer for all of its outstanding 2.7% Senior Notes due 2015. The 2015 Notes that have already been tendered will be returned to the holders thereof right away. The company continues to have sufficient liquidity, amounting to about $400 million.
Harsco declared the commencement of a cash tender offer for its outstanding 2.7% Senior Notes due 2015 on Jun 1. Per the offer, holders who tendered their notes would be eligible to receive $1,006.25 for each $1,000 principal amount of notes, plus any accrued and unpaid interest up to the settlement date.
On the same day, Harsco declared the commencement of its registered public offering of $250 million worth of senior notes due 2020. The net proceeds from the issuance of the new 5-year senior notes were to be employed to fund the cash tender offer for the retirement of the company’s outstanding 2.7% notes which were due this year. Any funds left over after the retirement of the notes were to be used toward repayment of borrowings under Harsco’s revolving credit facility, subject to certain conditions, with any proceeds remaining thereafter being used for general corporate purposes.
Harsco Corporation provides industrial services and engineered products worldwide. The company operates through three segments: Harsco Metals and Minerals, Harsco Rail, and Harsco Industrial. The Harsco Metals and Minerals segment provides on-site outsourced services to steel mills and asphalt roofing manufacturers. This segment also offers environmental solutions for industrial co-products, in addition to sells industrial abrasives and roofing granules products. The Harsco Rail segment designs and manufactures railway track maintenance equipment; and provides track maintenance services.
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