During Wednesday’s current trade, Level 3 Communications, Inc. (NYSE:LVLT)’s shares decline -0.60% to $54.44.
Global telecommunications provider Level 3 Communications, Inc., (LVLT) declared the formation of the Level 3 Foundation Inc., a 501(c)(3) public charity. The Foundation was established to amplify the efforts of Level 3 Cares, the company’s corporate social responsibility program that launched in 2012, and give back to the communities where its employees live and work.
The mission of the Foundation is to provide employees and community members the opportunity to be kind to their neighbors and share in the company’s commitment to giving back. Both company employees and community members can contribute financially to the Foundation to support any of the identified cause areas: animal welfare, arts and culture, disaster relief, education, health and disease, natural environment and the underprivileged. Level 3 will match up to $250,000 of all employee contributions made to the Level 3 Foundation this year.
Level 3 believes a company culture based on core values not only assists its business, but also defines the role it can play in society. These core values – accountability, integrity, performance, respect, service and teamwork – assisted lay the groundwork for the Foundation and its mission.
Level 3 Communications, Inc., together with its auxiliaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. The company provides transport services comprising wavelengths, private lines, transoceanic, and dark fiber, in addition to related professional services; fiber services; and colocation and data center services, such as cloud, hosting, and application administration solutions.
Commscope Holding Company Inc (NASDAQ:COMM)‘s shares gain 1.59% to $32.01, during the current trading session Wednesday’s, hitting its highest level.
CommScope Holding Company, Inc. (COMM) has declared the sale of 20,000,000 shares of its common stock on an underwritten basis by an associate of The Carlyle Group. In addition, the underwriter will have an option to purchase up to 3,000,000 additional shares from Carlyle. CommScope will not receive any of the proceeds from the offering of shares by Carlyle. Closing of the offering is predictable to occur on or about June 16, 2015, subject to customary closing conditions.
J.P. Morgan Securities LLC is acting as the sole underwriter for the offering. J.P. Morgan Securities LLC proposes to offer the shares of common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the Nasdaq Global Select Market, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.
Following the offering, Carlyle will continue to beneficially own 61,216,970 shares, or about 32%, of CommScope’s outstanding common stock after giving effect to the offering (or 58,216,970 shares, or about 31%, if the underwriter fully exercises its option to purchase additional shares). The sale of the shares of common stock contemplated hereby will trigger the obligation under the Amended and Restated Stockholders Agreement for three Carlyle designees to CommScope’s Board of Directors to resign upon closing of the offering. In addition, going forward, Carlyle will only be afforded the right to designate six directors rather than nine. However, CommScope’s Board of Directors anticipates that it will waive the obligation that three Carlyle designees right away resign and allow such directors to continue to serve their remaining terms.
CommScope Holding Company, Inc., together with its auxiliaries, provides connectivity and infrastructure solutions for wireless, business enterprise, and residential broadband networks worldwide. The company operates through three segments: Wireless, Enterprise, and Broadband.
In an afternoon trade, Inovio Pharmaceuticals Inc (NASDAQ:INO)‘s shares plunge -0.75% to $8.56.
Inovio Pharmaceuticals, Inc. (INO) declared that Inovio’s Chief Executive Officer, Dr. J. Joseph Kim, has been selected as the “Entrepreneur of the Year(TM)” for Greater Philadelphia by Ernst & Young, a global leader in assurance, tax, and advisory services.
Dr. Kim, who co-founded the organization that became Inovio Pharmaceuticals, was recognized for his vision, passion, medical and financial acumen in building Inovio from a two-person start-up into a clinical-stage publicly traded immunotherapy company with innovative therapies for cancers and infectious diseases.
Inovio Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, develops active DNA immunotherapy’s and vaccines in combination with proprietary electro oration delivery devices to prevent and treat cancers and infectious diseases. The company’s SynCon immunotherapy design has the ability to break the immune system’s tolerance of cancerous cells; and SynCon product design is also intended to facilitate cross-strain protection against known, in addition to new unmatched strains of pathogens, such as influenza.
Cheetah Mobile Inc (ADR) (NYSE:CMCM), during its Wednesday’s current trading session 3.67% gain and closed at $33.58.
Cheetah Mobile Inc. (CMCM), the world’s leading developer of mission-critical mobile utility applications, launched the Cheetah Ad Platform, a mobile advertising technology platform that works with the world’s leading brand advertisers, publishers and developers to reach and engage with global consumer audiences at scale.
Cheetah Mobile’s owned and operated mobile applications (Cheetah Apps) and media ad network (Cheetah MediaLink) are united to provide brands with the unique opportunity to reach the right audience, at the right time, in the right format to attract users throughout the purchase cycle. These key pillars of the Cheetah Ad Platform provide massive global reach, while ensuring deep engagement and performance through its innovative ad formats, audience targeting technology and conversion optimization solutions.
Cheetah Mobile Inc. operates a platform that offer mobile and PC applications for users and global content distribution channels for business partners in China. The company’s suite of applications optimizes mobile and PC Internet system performance and provides real time protection against known and unknown security threats.
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.
