During Tuesday’s Current trade, Shares of MasTec, Inc. (NYSE:MTZ), lost -0.17% to $17.46.
MasTec, Inc. (MTZ) recently declared that it will release results of operations for the quarter ended June 30, 2015 after the market closes on Monday, August 17, 2015. Senior Administration will also hold a conference call to talk about these results on Tuesday, August 18, 2015 at 9:00 a.m. Eastern time.
As formerly declared, the Company will file SEC form 12b-25 to obtain the statutory extension of time to file its form 10-Q until August 17th.
MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for energy, utility, and communications infrastructure primarily in the United States. It operates in five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
Shares of Avolon Holdings Ltd (NYSE:AVOL), inclined 0.68% to $30.47, during its current trading session.
Avolon (AVOL), the international aircraft leasing company, declares that recently it has reached an Exclusivity Agreement (the “Exclusivity Agreement”) with Bohai Leasing Co., Ltd. (000415.SZ) (“Bohai”) granting Bohai exclusivity to negotiate with Avolon until September 7, 2015 (the “Exclusivity Period”) with respect to the possible acquisition of 100% of the issued and outstanding common shares of Avolon at a price of US$32 per share (the “Transaction”). During the Exclusivity Period, Bohai and Avolon will endeavour to negotiate definitive agreements on terms formerly talk abouted and accepted by the parties. Bohai’s offer is subject to completion of satisfactory and customary due diligence.
In connection with Bohai’s obligations under the Exclusivity Agreement, Bohai will make a good faith deposit of US$50 million into an escrow account within two business days, which amount will be in addition to the US$25 million presently held in escrow in connection with the cash tender offer made by Bohai on July 31, 2015 (the “Offer”), for an aggregate deposit of US$75 million. Avolon will be entitled to receive the US$75 million deposit in certain circumstances, counting if Avolon is willing to execute definitive documents in connection with the Transaction and Bohai is unable or unwilling to do so. Upon execution of definitive documents in connection with the Transaction, the US$75 million deposit will be raised by Bohai to $250 million, payable to Avolon in the event the Transaction is not consummated under certain circumstances.
Avolon Holdings Limited acquires, manages, leases, and sells commercial jet aircraft to various airlines and lessees in the United States and internationally. The company also acts as a servicer for third party aircraft owners. As of December 31, 2014, it operated a portfolio of 235 aircraft, counting 126 owned, 11 managed, and 98 committed aircraft. The company was founded in 2014 and is based in Dublin, Ireland.
Finally, TiVo Inc. (NASDAQ:TIVO), decreased -1.82%, to $9.70.
TiVo Inc. (TIVO), a leader in the advanced television entertainment market, and WOW! Internet, Cable & Phone, a top 10 cable operator serving nearly 800,000 customers, recently declared a joint development relationship with Evolution Digital. The agreement comprises plans to deploy TiVo’s software solution across mobile, web and a new low-cost, Hybrid HD Set-Top Box (STB). Evolution Digital will provide the STB hardware.
The offering is achieved through a STB hardware partnership with Evolution Digital. Evolution has created a low-cost STB platform that integrates traditional linear over QAM and Broadband services. The STB uses HD uDTA security, eliminating the hardware-based CableCARD to allow lower price point options for operators. In turn, this allows operators to be aggressive in their roll out of ‘hybrid’ experiences — mixing traditional video with broadband video. When combined with TiVo’s software, this STB can be deployed in multiple modes — a stand-alone HD-STB, a client to a TiVo DVR, or as a client to a next generation cloud TV services such as IP linear and network DVR. The operator investment in STB investment is future proof when combined with TiVo’s multi-mode software.
TiVo Inc. provides television software services and cloud-based software-as-a-service solutions that enable to view video content through various screens. It offers whole-home solutions that comprise 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets through features, such as What to Watch Now, OnePass, integrated search, access to broadband video content, and TiVo online/mobile scheduling. As of January 31, 2015, the company had 5.5 million subscriptions to the TiVo service through its TiVo-owned and television service operators (MSO) businesses.
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