On Tuesday, in the course of current trade, Shares of Verizon Communications Inc. (NYSE:VZ), dropped -0.69%, and is now trading at $49.46.
Today, Taking another noteworthy step in building digital and video platforms to drive future growth, Verizon Communications declared the signing of a contract to purchase AOL Inc. (AOL) for $50 per share — an estimated total value of about $4.4 billion.
Verizon’s acquisition further drives its LTE wireless video and OTT (over-the-top video) strategy. The agreement will also support and connect to Verizon’s IoT (Internet of Things) platforms, creating a growth platform from wireless to IoT for consumers and businesses.
AOL is a leader in the digital content and advertising platforms space, and the combination of Verizon and AOL creates a scaled, mobile-first platform offering directly targeted at what eMarketer estimates is a nearly $600 billion global advertising industry. AOL’s key assets comprise its subscription business; its premium portfolio of global content brands, counting The Huffington Post, TechCrunch, Engadget, MAKERS and AOL.com, in addition to its millennial-focused OTT, Emmy-nominated original video content; and its programmatic advertising platforms.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company’s Wireless segment offers wireless voice and data services; messaging services; service that enables its customers to access the Internet on smartphones, basic phones, notebook computers, and tablets; customers and business-focused multimedia offerings; location-based services; global data services; LTE Internet, a high-speed Internet service; and network access and value added services to support telemetry-type applications.
During an Afternoon trade, Shares of International Paper Company (NYSE:IP), dipped -1.21%, and is now trading at $52.22.
International Paper Company, Chairman and Chief Executive Officer Mark S. Sutton, will speak at the Deutsche Bank Global Industrials and Basic Materials Conference on June 3, 2015, in Chicago. The presentation is planned to start at 3:40pm CT and will be followed by a question and answer session.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging.
Shares of HCA Holdings, Inc. (NYSE:HCA), during its Tuesday’s current trading session fell -1.80%, and is now trading at $76.23.
HCA Holdings, declared financial and operating results for the first quarter ended March 31, 2015.
Key first quarter metrics
- Revenues raised 9.5 percent to $9.676 billion
- Net income attributable to HCA Holdings, Inc. totaled $591 million, or $1.36 per diluted share
- Adjusted EBITDA raised 19.3 percent to $1.961 billion
- Cash flows from operations totaled $1.018 billion
- Same facility equivalent admissions raised 6.8 percent, while same facility admissions raised 5.1 percent
- Same facility revenue per equivalent admission raised 1.6 percent.
HCA Holdings, Inc., through its auxiliaries, provides health care services in the United States. It operates general, acute care hospitals that offer medical and surgical services, counting inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services.
Finally, BB&T Corporation (NYSE:BBT), lost -0.15% Tuesday.
BB&T Corporation, Susquehanna Bancshares, Inc. (SUSQ) and MVB Bank, Inc. (MVB), a wholly owned partner of MVB Financial Corp. (OTC Markets Group OTCQB: MVBF), declared the signing of a definitive agreement under which MVB will acquire two Susquehanna branch locations in Berkeley County, West Virginia (704 Foxcroft Avenue in Martinsburg and 5091 Gerrardstown Road in Inwood) and will assume about $69 million of deposits and $17 million of loans.
MVB’s purchase comprises both Susquehanna branch locations slated for divestiture under BB&T’s agreement with the Department of Justice and commitments to the Board of Governors of the Federal Reserve System in connection with its pending acquisition of Susquehanna.
The transaction is subject to customary closing conditions, counting regulatory approvals.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.
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.
