During Thursday’s Current trade, Shares of Under Armour Inc (NYSE:UA), gain 0.75% to $95.82.
Under Armour, Inc. (UA) declared that the Company will host an Investor Day meeting on Wednesday, September 16, 2015 starting at 9:45AM Eastern Time and ending at about 4:00PM Eastern Time. The meeting will comprise of presentations by Under Armour’s senior administration team counting:
- Kevin Plank, Chairman and Chief Executive Officer
- Kevin Haley, EVP, Innovation
- Robin Thurston, Chief Digital Officer
- Adrienne Lofton, SVP, Brand Marketing
- Henry Stafford, Chief Merchandising Officer
- Kelly Cortina, VP, Women’s
- Kip Fulks, President, Footwear and Innovation
- Peter Ruppe, SVP, Footwear
- Matt Mirchin, President, North America
- Charlie Maurath, President, International
- Susie McCabe, SVP, Global Retail
- Jason LaRose, Chief Revenue Officer
- Paul Fipps, Chief Information Officer
Under Armour, Inc., together with its auxiliaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes. It offers various footwear products, counting football, baseball, lacrosse, softball and soccer cleats, slides, performance training, running, basketball, and outdoor footwear.
Shares of Qorvo Inc (NASDAQ:QRVO), declined -1.87% to $55.49, during its current trading session.
Qorvo(TM) (QRVO), a leading provider of core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications, recently declared it has accomplished its $400 million share repurchase program authorized by its Board of Directors in August 2015.
Under the August 2015 share repurchase program, Qorvo repurchased about 7.3 million shares of common stock at an average price of $54.75 per share. Since February 2015, Qorvo has repurchased about $600 million of its common stock, with about $500 million expended in the September 2015 quarter.
Qorvo, Inc. provides technologies and radio frequency (RF) solutions for mobile, infrastructure, defense, and aerospace applications in the United States and internationally. The company operates through Mobile Products, and Infrastructure and Defense Products segments. The Mobile Products segment offers complete RF front end modules that combine high-performance filters, power amplifiers (PAs) and switches, PA modules, transmit modules, antenna control solutions, antenna switch modules, diversity receive modules, and envelope tracking power administration devices.
DryShips Inc. (NASDAQ:DRYS), during its Thursday’s current trading session decreased -42.46% to $0.245.
DryShips Inc. (DRYS) a global provider of marine transportation services for drybulk cargoes, and through its associate, Ocean Rig UDW Inc., of off-shore contract drilling oil services, declared recently that it has reached firm sales agreements with entities controlled by the Company’s Chairman and Chief Executive Officer, George Economou, to sell 17 vessels.
The 17 vessels, comprised of 13 Capesize and 4 Panamax bulk carriers, are being sold for an aggregate price of $377.0 million, counting their existing employment agreements and the assumption of $236.7 million of debt as of September 10, 2015, associated with some of the vessels. All of the individual transactions are predictable to close in the fourth quarter of 2015 and certain transactions remain subject to the approval of the applicable lending banks. These transactions were approved by the independent directors of the Company.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries.
Finally, Jarden Corp (NYSE:JAH), gained 0.35%, to $51.75.
Jarden Corporation (JAH), a leading global consumer products company, declared that it has accomplished its acquisition of Waddington Group, Inc. (“Waddington”), 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.
Martin E. Franklin, Jarden’s Founder and Executive Chairman, commented, “We are happy to have closed on our acquisition of Waddington on a timely basis with the strong support of the equity and term loan financing markets. Waddington offers a solid platform for us to leverage our proven, time-tested approach to driving organic growth and creating additional value through continued investments in product development and innovation.”
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. Its Consumer Solutions segment provides household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, tea kettles, toasters, toaster ovens, and vacuum packaging machines; air purifiers, fans, heaters, humidifiers and vacuum cleaning systems; clippers, trimmers, and other hair care products for professional use in the beauty and barber and animal categories; electric blankets, mattress pads, and throws; products for the hospitality industry; and scales for consumer use.
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