On Wednesday, in the course of current trade, Shares of Pacific Ethanol Inc (NASDAQ:PEIX), dropped -2.02%, and is now trading at $10.17.
Pacific Ethanol, declared it attained the final 4% ownership interest in PE Op Co., the sole owner of the Pacific Ethanol plants, bringing the company’s total ownership interest in PE Op Co. to 100%.
Neil Koehler, the company’s president and CEO, stated: “We achieved our major milestone of regaining 100% ownership of the Pacific Ethanol plants, which has been an important initiative for the company since June of 2010. Our 100% ownership position improves our potential to generate net income and reduces administrative costs. It is valuable to have accomplished this process before we close the Aventine merger planned for July 1st.”
Pacific Ethanol, Inc. produces and markets low-carbon renewable fuels in the Western United States. It sells ethanol primarily to gasoline refining and distribution companies. The company also provides ethanol transportation, storage, and delivery services through third-party service providers. In addition, it markets ethanol co-products, counting wet distiller grains and syrup to dairy operators and animal feed distributors; and corn oil to poultry and biodiesel customers.
During an Afternoon trade, Shares of Berry Plastics Group Inc (NYSE:BERY), dipped -1.07%, and is now trading at $33.63.
Berry Plastics Group, declared that Berry Plastics Corporation, Berry Group’s wholly owned partner, issued $700,000,000 in aggregate principal amount of 5.125 percent Second Priority Senior Secured Notes due 2023 following an indenture, dated as of June 5, 2015, by and among the Issuer, the guarantors named therein and U.S. Bank National Association, as trustee.
In addition, following a formerly declared cash tender offer and consent solicitation by the Issuer, with respect to any and all of the Issuer’s outstanding 9.75 percent Second Priority Senior Secured Notes due 2021 issued under an indenture dated as of November 19, 2010, about 63 percent of the outstanding Notes had been tendered as of 5 p.m., New York City time, on June 4, 2015, the expiration of the consent payment deadline. The consents received exceeded the number needed to approve the projected amendments to the Indenture and the Issuer has elected to exercise its right to accept for early payment all of the Notes validly tendered preceding to the Consent Date. Each of the holders who validly tendered its Notes and delivered consents preceding to the Consent Date will receive the total consideration of $1,102.50, which comprises $1,072.50 as the tender offer consideration and $30.00 as a consent payment. In addition, accrued interest up to, but not counting, the applicable payment date of the Notes will be paid in cash on all validly tendered and accepted Notes. The Issuer presently anticipates these payments will be made on June 5, 2015. The complete terms and conditions of the tender offer and consent solicitation for the Notes are detailed in the Offer to Purchase and Consent Solicitation Statement dated May 21, 2015 and the related Consent and Letter of Transmittal.
Berry Plastics Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in North America and internationally. The company operates through four segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging.
Shares of Coca-Cola Enterprises Inc. (NYSE:CCE), during its Wednesday’s current trading session raised 0.25%, and is now trading at $44.66.
Coca-Cola Enterprises has launched its tenth annual Corporate Responsibility and Sustainability report, which comprises its most ambitious commitments to date. The new targets provide a strong response to stakeholder feedback and address issues around well-being, the environment and employability which affect the communities in which CCE operates.
The commitments comprise:
- Reducing calories per liter across CCE’s entire portfolio by 10 percent by 2020;
- Halving the carbon footprint of its business by 2020;
- Ensuring that 40 percent of the PET it uses is recycled PET and/or PET from renewable materials by 2020;
- Supporting the skills development and learning needs of 250,000 young people every year.
Coca-Cola Enterprises, Inc. produces, distributes, and markets non-alcoholic beverages in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden.
Finally, Jive Software Inc (NASDAQ:JIVE), lost -0.18% Wednesday, hitting its highest level.
Jive Software, will host a webinar for the investment community to review the company’s product portfolio. Elisa Steele, CEO and president, and Clara Liang, chief product officer for Jive, will engage in a technology-oriented dialogue and highlight new product innovations and provide a demonstration of Jive’s latest product offering. This webinar will not comprise a discussion around the company’s business or financial projections.
The webinar is planned for Thursday, June 25, 2015, at 8:00 a.m. PT and will be accessible on the Investor Relations section of Jive’s website at http://investors.jivesoftware.com/.
Jive Software, Inc. provides communication and partnership solutions to businesses, government agencies, and other enterprises. The company’s Jive Platform allows companies to connect, communicate, and collaborate with employees, customers, and partners.
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