On Tuesday, Shares of Union Pacific Corporation (NYSE:UNP), lost -1.54% to $84.84.
Rob Knight, chief financial officer of Union Pacific Corporation (UNP), will address Baird’s 2015 Industrial Conference at 9:30 a.m. CT on Wednesday, November 11, 2015, in Chicago.
Interested investors may view the presentation and listen to a live Internet webcast through our website at www.up.com/investor. Alternatively, the audio portion of the presentation can be accessed directly through the following webcast link. A replay of the audio webcast will be available shortly thereafter on Union Pacific’s Investors website.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals comprising of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
Shares of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX), inclined 1.43% to $14.93 during its current trading session.
Allscripts Healthcare Solutions, declared its financial results for the three and nine months ended September 30, 2015.
Third-Quarter and Nine-Month Bookings Highlights
Bookings were $272 million, a third-quarter record, contrast with $223 million in the third quarter of 2014, a 22 percent improvement. Sales were strong across core clinical and financial solutions, population health administration and managed services. Growth was robust across both the ambulatory and acute markets, counting two new client footprints for the Sunrise(TM) electronic health record (EHR) solution.
Forty-four percent of third-quarter bookings related to software delivery, while the remaining 56 percent was derived from client services. This compares with 52 and 48 percent of bookings attributable to these revenue categories, respectively, in the third quarter of 2014. Software delivery bookings raised 4 percent year over year in the third quarter of 2015. Client services bookings raised 42 percent year over year in the third quarter of 2015.
For the nine months ended September 30, 2015, bookings totaled $768 million contrast with $679 million in the first nine months of 2014, a 13 percent improvement.
Contract revenue backlog as of September 30, 2015, totaled $3.6 billion, a 4 percent improvement over the prior-year amount.
Allscripts Healthcare Solutions, Inc. provides clinical, financial, electronic health records (EHR), connectivity, hosting, outsourcing, analytics, patient engagement, and population health products and services in the United States and Canada. It operates in three segments: Clinical and Financial Solutions, Population Health, and Managed Services.
Finally, Plum Creek Timber Co. Inc. (NYSE:PCL), is now trading with -1.30% loss, and is at $46.21.
Weyerhaeuser Company (NYSE: WY) and Plum Creek (PCL) recently declared they have reached a definitive agreement to create the world’s premier timber, land and forest products company with more than 13 million acres of the most productive and diverse timberland in the U.S. At closing, the combined company is predictable to have an equity value of $23 billion based on current share prices. The combined EBITDA for both companies in 2014 was $2.2 billion.
Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Plum Creek shareholders will receive 1.60 shares of Weyerhaeuser for each share of Plum Creek held. This fixed exchange ratio represents an implied premium of 13.8% to the 30-trading-day Volume Weighted Average Price ratio of Plum Creek shares to Weyerhaeuser shares. Following closing, Weyerhaeuser and Plum Creek shareholders will own about 65% and 35%, respectively, of the combined company’s common stock. Weyerhaeuser intends to execute a $2.5 billion share repurchase shortly after closing. The repurchase will result in a net financial impact on the company that is as if the deal were structured with about 70% stock and 30% cash. The combined company anticipates to maintain Weyerhaeuser’s current annual dividend of $1.24 per common share, representing a 13% dividend improvement to the dividend presently received by Plum Creek shareholders.
The merger of Weyerhaeuser and Plum Creek creates a winning combination with:
- The largest private ownership of timberland in the U.S.
- More than 13 million acres of diverse, productive forests
- The ability to drive performance through shared best practices and economies of scale
- A unique ability to capitalize on the housing recovery
- Noteworthy Higher and Better Use potential across the combined portfolio
- A best-in-class administration team
- A recognized commitment to sustainable resource administration
- Low-cost manufacturing assets
- A strong balance sheet and a commitment to an investment grade credit rating
- Anticipated annual cost synergies of $100 million
- Accretion to per-share Funds Available for Distribution in the first full year following closing
- An attractive dividend
- A disciplined approach to capital allocation
Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products comprise lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips.