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Wednesday 15 July 2015
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Current Trade News Recap - PepsiCo, Inc. (NYSE:PEP), Brookfield Asset Administration Inc (NYSE:BAM), Vonage Holdings Corp. (NYSE:VG)

On Monday, in the course of current trade, Shares of PepsiCo, Inc. (NYSE:PEP) , climbed 1.68%, and is now trading at $97.15.

PepsiCo, declared that its second quarter 2015 (ending June 13th) earnings conference call for investors and financial analysts will be webcast on Thursday, July 9, 2015 at 8 a.m. Eastern.

PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, and Santitas tortilla chips.

During an Afternoon trade, Shares of Brookfield Asset Management Inc (NYSE:BAM), climbed 0.63%, and is now trading at $35.04.

Brookfield Asset Management declared that, in accordance with the terms of their merger agreement with GrafTech International Ltd. (GTI), Purchaser and Acquisition Sub have extended their all-cash tender offer for $5.05 per share for all of the issued and outstanding shares of common stock, par value of $0.01 per share, of the Company to 12:00 Midnight, New York City time, at the end of July 28, 2015, unless further extended, to allow additional time for (a) the receipt of clearance from the Committee on Foreign Investment in the United States of America without any required condition to mitigate any threat to the national security of the United States that is unacceptable to Purchaser and, if after consummation of the tender offer and the formerly declared preferred stock purchase, Purchaser owns less than 80% of the Company, the Company, (b) the expiration of the sixty-day notice period regarding its notice of the Offer to the U.S. Department of State Directorate of Defense Trade Controls and (c) clearance under the competition laws of Russia. The tender offer was formerly set to expire at 12:00 Midnight, New York City time, at the end of July 7, 2015.

The Company’s Board of Directors unanimously recommends that the holders of Shares accept the Offer and tender their Shares following the Offer.

Brookfield Asset Management Inc. is a publicly owned asset administration holding company. Through its auxiliaries the firm invests in the property, power, and infrastructure sectors. Its property business comprise owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending; alternative assets funds; and financial and advisory services.

Finally, Vonage Holdings Corp. (NYSE:VG), gained 1.73% Monday.

Vonage Holdings Corp., will report its financial results for the second quarter on Thursday, July 30, 2015.

Administration will host a webcast discussion of the second quarter on Thursday, July 30, 2015 at 8:30 a.m. ET.

Vonage Holdings Corp. provides unified communications as a service solutions connecting people through cloud-connected devices worldwide. The company offers home telephone replacement services to residential customers through various service plans with basic features, such as voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, in addition to area code selection, virtual phone number, and Web-enabled voicemail.

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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.

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