During Thursday’s current trade, Merge Healthcare Inc. (NASDAQ:MRGE)’s shares incline 1.33% to $4.97.
Merge Healthcare Incorporated (MRGE), a leading provider of health information systems for medical imaging, interoperability, and communication, declared that the holders of its Series A Convertible Preferred Stock have unequivocally decided to waive their right to require Merge to redeem any or all shares of the Preferred Stock at any time prior to August 25, 2015.
Merge issued the Preferred Stock in February 2015 to a group of investors arranged by Guggenheim Investments in a $50 million private placement that assisted finance Merge’s acquisition of D.R. Systems, Inc. The Certificate of Designation for the Preferred Stock gave its holders the right to require Merge to redeem the Preferred Stock at any time prior to August 25, 2015. The holders have agreed to amend the Certificate of Designation to cancel this redemption or “put” right.
Merge Healthcare Incorporated develops software solutions that facilitate the sharing of images to create an electronic healthcare experience for patients and physicians worldwide. It operates in two segments, Merge Healthcare and Merge DNA. The company provides iConnect Enterprise Archive and iConnect Access Enterprise Viewer, an interoperability and connectivity platform for imaging and diagnostic data access; iConnect Network to electronically manage in-bound medical imaging referrals and distribution of results to referring physicians; iConnect Cloud Archive, a cloud-based and multi-tenant image archive that provides disaster recovery/business continuity services; and iConnect Retinal Screening, a software solution for the screening of chronic visual diseases.
Forest City Enterprises, Inc. (NYSE:FCE.A)‘s shares gain 0.07% to $22.99, during the current trading session Thursday’s, hitting its highest level.
Forest City associates nationwide will take part in the company’s 12th annual Community Day, a paid day of service benefitting non-profit organizations in many of the cities where the company has a presence. This year, associates from more than 60 Forest City locations will come together to provide much needed assist to charities and agencies that provide critical services in our communities.
Associates at Forest City’s regional offices and properties across the country select local organizations to serve on Community Day, and then coordinate with those organizations to identify priority project needs. Efforts are guided by associates who serve as site organizers, spending countless hours working with the agencies and local vendors to ensure a successful day’s work.
For example, in the Cleveland area, this year’s Community Day will benefit Hospice of the Western Reserve, New Avenues to Independence, Oak Leadership Institute, St. Herman’s Orthodox House of Hospitality, Urban Community School and Greater Cleveland Food Bank.
Forest City Enterprises, Inc. acquires, owns, develops, and manages commercial and residential real estate and land in the United States. The company’s Commercial group acquires, owns, develops, and operates regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects, in addition to operates Barclays Center, a sports and entertainment arena located in Brooklyn, New York. Its Residential group acquires, owns, develops, and operates residential rental properties, counting upscale and middle-market apartments and adaptive re-use developments, in addition to develops and manages military family housing.
In an afternoon trade, Navistar International Corp (NYSE:NAV)‘s shares plunge -0.43% to $23.27.
American Intermodal Container Manufacturing Company, LLC (AICM) declared it has entered into a long-term manufacturing agreement with Navistar Inc. (NYSE: NAV) to jointly produce high-tensile steel 53-foot domestic shipping containers at the company’s Barton Riverfront Industrial Plant in Cherokee, Alabama.
Formed in 2012, AICM has partnered with Centerline (Windsor) Limited which has designed and is presently in the build-phase of an advanced robotic welding and fully integrated assembly production system with the capacity to produce more than 15,000 domestic containers annually. The manufacturing process also comprises an environmentally safe and highly advanced paint system with an on-site paint shop and fully operational blast shot and dry sheds, featuring the latest in automated application technology and a rigorous quality assurance program.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide. It operates through four segments: North America Truck, North America Parts, Global Operations, and Financial Services. The company manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, counting truck cabs.
Kimberly Clark Corp (NYSE:KMB), during its Thursday’s current trading session -0.03% loss and closed at $108.32.
Kimberly-Clark (KMB) declared that Michael D. White, chairman, president and CEO for DIRECTV, was elected to its board of directors, effective September 1, 2015.
Mr. White, 63, joined DIRECTV as president and CEO in 2009 and added the responsibility of chairman in 2010. Prior to joining DIRECTV, White spent 19 years at PepsiCo, Inc. in a variety of senior leadership roles, counting senior vice president and chief financial officer, and vice chairman, chairman and CEO for PepsiCo International. Before that, Mr. White served in senior leadership roles at Avon Products in addition to consulting roles at Bain & Company and Arthur Andersen & Company.
Kimberly-Clark Corporation, together with its auxiliaries, manufactures and markets personal care, consumer tissue, and K-C professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brands.
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