During Wednesday’s Current trade, Shares of Brookfield Asset Administration Inc (NYSE:BAM), gain 0.61% to $31.35.
GrafTech International Ltd. (GTI) and Brookfield Asset Administration Inc. (BAM) declared that GrafTech has become wholly owned by an associate of Brookfield as a result of the completion of the merger of one of its associates with and into GrafTech, with GrafTech being the surviving corporation of the merger. Effective as of the open of trading recently, August 17, 2015, GrafTech common shares will cease trading on the NYSE.
In connection with the merger, following the merger agreement, shares of GrafTech common stock not tendered in the tender offer were converted into the right to receive the same price per share offered in the tender offer (subject to exercise of appraisal rights by non-tendering stockholders who properly exercise and perfect such rights).
Brookfield Asset Administration 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.
Shares of CBL & Associates Properties, Inc. (NYSE:CBL), declined -1.38% to $14.29, during its current trading session.
CBL & Associates Properties, Inc. (CBL) declared that it closed on the disposition of Madison Plaza, a 154,000-square-foot community center in Huntsville, AL, for a total cash price of $5.7 million. Earlier in 2015, CBL sold the mall located adjacent to the center. These transactions are part of CBL’s strategy of upgrading its portfolio quality through dispositions of lower growth and non-core properties.
CBL also stepped down four loans totaling $322.7 million using availability under its lines of credit. The weighted average interest rate for the four loans was 5.0%. The loans were secured individually by CherryVale Mall in Rockford, IL, East Towne Mall in Madison, WI, West Towne Mall in Madison, WI, and Brookfield Square in Milwaukee, WI.
CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and administration of properties. The fund invests in the real estate markets of United States. Its portfolio comprises of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.
Allergan PLC (NYSE:AGN), during its Wednesday’s current trading session decreased -0.63% to $298.30.
Allergan plc (AGN) a leading global pharmaceutical company, recently declared that Brent Saunders, CEO and President of Allergan, will provide an overview and update of the Company’s business at the Morgan Stanley Global Healthcare Conference 2015 in New York, NY.
The presentation will take place on Thursday, September 17, 2015 at 10:35 AM Eastern Time at the Grand Hyatt New York, 109 East 42nd Street, New York, NY 10017.
Allergan plc develops, manufactures, and distributes generic, branded, biosimilar, and over-the-counter (OTC) pharmaceutical products. It operates in three segments: North American Brands, North American Generics and International, and Anda Distribution. The North American Brands segment provides patented and off-patent trademarked pharmaceutical products primarily under the Dalvance, Bystolic, Canasa, Carafate, Daliresp, Fetzima, Linzess, Namenda, Namenda XR, Saphris, Teflaro, Viibryd, Actonel, Asacol HD, Atelvia, Delzicol, Doryx, Estrace Cream, Enablex, Lo Loestrin Fe, and Minastrin 24 Fe brands.
Finally, Costco Wholesale Corporation (NASDAQ:COST), gained 0.25%, to $141.79.
Costco Wholesale Corporation (“Costco” or the “Company”) (NASDAQ: COST) stated net sales of $8.7 billion for the month of August, the four weeks ended August 30, 2015, a decrease of one percent from $8.8 billion during the similar period last year.
For the 16-week fourth quarter, the Company stated net sales of $35.0 billion, an enhance of one percent from $34.8 billion in the fourth quarter last year, which ended August 31, 2014.
For the 52-week fiscal year ended August 30, 2015, the Company stated net sales of $113.7 billion, an enhance of three percent from the $110.2 billion stated last year.
The Company plans to release its operating results for the fourth quarter and fiscal year ended August 30, 2015, on September 29, 2015. A conference call to talk about these results is planned for 8:00 a.m. (PT), September 30, 2015, and will be accessible via webcast on www.costco.com (click on Investor Relations and “webcasts”).
Costco presently operates 686 warehouses, counting 480 in the United States and Puerto Rico, 89 in Canada, 36 in Mexico, 27 in the United Kingdom, 23 in Japan, 12 in Korea, 11 in Taiwan, seven in Australia and one in Spain. The Company plans to open up to an additional 14 new warehouses (counting two relocations) before the end of calendar year 2015. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom and Mexico.
Costco Wholesale Corporation, together with its auxiliaries, operates membership warehouses. The company offers branded and private-label products in a range of merchandise categories. It provides dry and institutionally packaged foods; snack foods, candy, tobacco, alcoholic and nonalcoholic beverages, and cleaning and institutional supplies; appliances, electronics, health and beauty aids, hardware, garden and patio, and office supplies; meat, bakery, deli, and produce; and apparel, small appliances, and home furnishings.
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.
