During Tuesday’s Current trade, Shares of Jarden Corp (NYSE:JAH), gain 0.31% to $54.98.
Jarden Corporation (JAH), a leading global consumer products company, declared that it has accomplished its acquisition of Waddington Group, Inc. a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets, from an investment fund managed by Olympus Partners, a private equity firm, and other stockholders for about $1.35 billion, subject to working capital and other adjustments. As part of the acquisition financing, on July 30th, Jarden closed on $900 million of senior secured term loans comprised of a $300 million add-on to its B-1 facility, which matures in 2020, and a new B-2 facility tranche with a principal amount of $600 million, which matures in 2022. Jarden funded the acquisition with the proceeds from its recently accomplished common stock offering and proceeds from the aforementioned term loan financings.
Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment; fishing and team sports equipment; alpine and nordic skiing, snowboarding, snowshoeing, and in-line skating products; technical and outdoor apparel and equipment; personal flotation devices, water sports equipment, and all-terrain vehicle gears; and inflatable air beds and accessories.
Shares of Ball Corporation (NYSE:BLL), inclined 0.30% to $67.50, during its current trading session.
Ball Corporation (BLL) stated second quarter 2015 net earnings attributable to the corporation of $160.4 million, or $1.13 per diluted share (counting net after tax income of $35.0 million, or 24 cents per diluted share for debt refinancing, economic hedging gains, business consolidation and other costs) on sales of $2.2 billion, contrast to $153.1 million, or $1.07 per diluted share, on sales of $2.3 billion in the second quarter of 2014. Results for the first six months of 2015 were net earnings attributable to the corporation of $181.1 million, or $1.28 per diluted share, on sales of $4.1 billion, contrast to $246.6 million, or $1.72 per diluted share, on sales of $4.3 billion in the first six months of 2014.
Comparable earnings per diluted share for the second quarter and year-to-date 2015 were 89 cents and $1.57, respectively, as compared to second quarter and year-to-date 2014 comparable earnings per diluted share of $1.13 and $1.94, respectively.
Details of comparable segment earnings, business consolidation activities, historical segment reporting, Rexam-transaction related hedging and costs can be found in the notes to the unaudited merged financial statements that accompany this news release.
Ball Corporation, together with its auxiliaries, supplies metal packaging products to the beverage, food, personal care, and household products industries worldwide. It operates in four segments: Metal Beverage Packaging, Americas and Asia; Metal Beverage Packaging, Europe; Metal Food and Household Products Packaging; and Aerospace and Technologies.
Exterran Holdings, Inc. (NYSE:EXH), during its Tuesday’s current trading session gained 3.74% to $24.97.
Exterran Holdings, Inc. (EXH) stated EBITDA, as adjusted (as defined below), of $162.5 million for the second quarter 2015, contrast to $182.0 million for the first quarter 2015 and $161.1 million for the second quarter 2014.
Revenue was $683.8 million for the second quarter 2015, contrast to $729.1 million for the first quarter 2015 and $739.3 million for the second quarter 2014.
Fabrication backlog was $600.5 million at June 30, 2015, contrast to $730.4 million at March 31, 2015 and $818.1 million at June 30, 2014. Fabrication bookings were $149.6 million for the second quarter 2015, contrast to $96.4 million for the first quarter 2015 and $471.6 million for the second quarter 2014.
Exterran Holdings declared a dividend of $0.15 per share of common stock, a rate of $0.60 per share on an annualized basis, which will be paid on August 17, 2015 to stockholders of record at the close of business on August 10, 2015.
Exterran Holdings, Inc., together with its auxiliaries, provides operations, maintenance, services, and equipment for the oil and natural gas production, processing, and transportation applications. The company’s North America Contract Operations segment provides natural gas compression services.
Finally, FelCor Lodging Trust Incorporated (NYSE:FCH), decreased -0.55%, to $9.12.
FelCor Lodging Trust Incorporated (FCH) declared the appointment of Thomas C. Hendrick as Executive Vice President and Chief Investment Officer. Mr. Hendrick has served as a member of FelCor’s Board of Directors since 2007, and his service in that capacity will end when he assumes his new responsibilities. Mr. Hendrick succeeds Michael A. DeNicola, who is leaving the company after 14 years of service. Mr. DeNicola will remain with FelCor through January 1, 2016 to facilitate the transition.
Mr. Hendrick is a well-known and highly-regarded longtime developer of hotels and mixed-use commercial real estate projects in the U.S., the Caribbean, Mexico and Latin America, both as an independent developer and with leading hotel development and administration companies, counting Mandarin Oriental Hotel Group, Rosewood Hotels & Resorts, Regent International Hotels, Remington Hotels, Wyndham Hotels & Resorts and The Kor Group. Mr. Hendrick served as a pilot on active duty in the United States Navy from 1968 to 1972, attaining the rank of lieutenant. Mr. Hendrick graduated from Southeast Missouri State University and holds a Master of Business Administration degree from the University of North Florida.
FelCor Lodging Trust Incorporated is a publicly owned real estate investment trust. The firm engages in investment and administration of properties in the hospitality industry. It invests in the real estate markets of the United States. The firm primarily invests in hotels with a focus on the ownership of upper-upscale, full-service hotels and resorts. It was formerly known as FelCor Suite Hotels, Inc. FelCor Lodging Trust was founded in 1994 and is based in Irving, Texas
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