During Friday’s Current trade, Shares of Restoration Hardware Holdings Inc (NYSE:RH), gain 0.45% to $104.20.
Restoration Hardware Holdings, Inc. (RH) declared the closing of the sale of an additional $50 million of 0% convertible senior notes due 2020 following the exercise of the entire over-allotment option granted in the original offering of $250 million of notes. The terms of the newly issued notes are identical to those formerly issued and have an initial conversion price of about $118.13 per share representing a 25% conversion premium to the closing stock price of $94.50 on the trading day right away preceding the time of the pricing of the notes offering.
The Company has reached additional convertible note hedge and warrant transactions on terms that have the effect of limiting earnings dilution as a result of the additional notes issuance up to a 100% premium to the $94.50 stock price. Under the terms of these transactions, the Company’s shareholders are not predictable to experience earnings dilution until the Company’s stock price is above about $189 per share, which corresponds to a market capitalization in excess of $7.9 billion based on the current diluted shares outstanding.
Restoration Hardware Holdings, Inc., together with its auxiliaries, engages in the retail of home furnishings. Its product categories comprise furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and children’s furnishings. The company sells its products through its stores and catalogs, in addition to through its Websites, such as restorationhardware.com, rh.com, and rhbabyandchild.com. As of January 31, 2015, the company operated 67 retail stores comprising of 57 Legacy Galleries, 7 larger format Galleries, and 3 Baby & Child Galleries, in addition to 17 outlet stores in the United States and Canada.
Shares of Pilgrim’s Pride Corporation (NASDAQ:PPC), declined -1.96% to $21.49, during its current trading session.
Pilgrim’s Pride Corporation (PPC) declared that it will host its second quarter 2015 earnings conference call and webcast on Thursday, July 30, 2015 at 7:00 a.m. MDT (9:00 a.m. EDT). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executive administration team.
Pilgrim’s Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico. It offers fresh chicken products comprising pre-marinated or non-marinated, and prepackaged refrigerated (nonfrozen) whole or cut-up chicken in various combinations of refrigerated whole chickens and chicken parts.
La Quinta Holdings Inc (NYSE:LQ), during its Friday’s current trading session decreased -0.08% to $23.93.
La Quinta Holdings Inc. ((LQ) declared that the Company will release financial results for the second quarter 2015 after the market closes on Wednesday, July 29, 2015.
The Company will host a conference call for investors and other interested parties starting at 5 p.m. Eastern Time on Wednesday, July 29, 2015.
La Quinta Holdings Inc. owns, operates, and franchises select-service hotels under the La Quinta brand. It serves the upper-midscale and midscale segments. As of May 7, 2015, the company had about 870 hotels with about 86,000 rooms under the La Quinta Inn & Suites, La Quinta Inn, and LQ Hotel brands in 47 states of the United States, in addition to in Canada, Mexico, and Honduras.
Finally, Celanese Corporation (NYSE:CE), decreased -5.22%, to $65.60.
Celanese Corporation (CE), a global technology and specialty materials company, stated record second quarter 2015 adjusted earnings per share of $1.58 as compared to $1.47 in the preceding year quarter and $1.72 in the preceding quarter.
Second quarter 2015 financial highlights:
- Continued alignment of two complementary value drivers - Materials Solutions and the Acetyl Chain: Designated presidents to drive value creation across core businesses
- Achieved record second quarter adjusted earnings of $1.58 per share, 7 percent higher than the preceding year quarter and 8 percent lower than the preceding quarter
- Delivered record second quarter adjusted free cash flow of $176 million driven by strong earnings and working capital administration
- Generated adjusted EBIT margin of 22.0 percent, 340 basis points higher than the preceding year quarter and 210 points below the preceding quarter
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide.
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