On Friday, in the course of current trade, Shares of VWR Corporation (NASDAQ:VWR), gained 0.85%, and is now trading at $25.98.
VWR Corporation, declared the pricing of an underwritten public offering of 16,000,000 shares of its common stock by selling stockholder Varietal Distribution Holdings, LLC at a price to the public of $26.25 per share. In connection with the offering, the selling stockholder has granted the underwriters a 30-day option to purchase up to 2,400,000 additional shares. The offering is predictable to close on June 9, 2015. VWR will not receive any proceeds from this offering.
BofA Merrill Lynch, Goldman, Sachs & Co. and J.P. Morgan Securities LLC are serving as lead book-running managers in the offering. Barclays Capital Inc., Deutsche Bank Securities, Citigroup Global Markets Inc., Jefferies LLC and William Blair & Company, L.L.C. will serve as joint book-running managers. Additionally, Cowen and Company, LLC, Mizuho Securities, SMBC Nikko Securities America, Inc., Drexel Hamilton and Loop Capital Markets are serving as co-managers in the offering.
VWR Corporation provides laboratory products, services, and solutions to the life science, general research, and applied markets worldwide. The company operates through two segments, Americas and EMEA-APAC. It offers chemicals, reagents, consumables, durable products, scientific equipment and instruments.
During an Afternoon trade, Shares of American Express Company (NYSE:AXP), dipped -0.04%, and is now trading at $79.33.
American Express Co. has to spend more on its credit-card rewards program if the lender wants to remain competitive with Visa Inc. and MasterCard Inc. products, according to Nomura Holdings Inc, according to Bloomberg.
Visa and MasterCard issuers JPMorgan Chase & Co. and Capital One Financial Corp. have the highest-value rewards cards, while AmEx offers the lowest, Nomura analysts led by Bill Carcache said Thursday in a note to clients. AmEx’s customer service and iconic brand allow the company to retain the perception of offering the best perks, though that advantage may not last, they said. Bloomberg Reports.
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.
Finally, Wolverine World Wide Inc. (NYSE:WWW), gained -0.36% Friday.
Wolverine World Wide, declared the appointment of Michael D. Stornant to the position of Senior Vice President, Chief Financial Officer and Treasurer, effective June 12, 2015. He will succeed Donald T. Grimes, who has resigned his position to become Executive Vice President, Chief Operating Officer and Chief Financial Officer for the Neiman Marcus Group, a privately held luxury retailer, owned by Ares Administration and Canada Pension Plan Investment Board.
Mr. Stornant, 49, is a 19-year veteran of the Company and most recently served as Vice President of Corporate Finance, with global responsibility for the Company’s corporate accounting, financial planning, tax and credit functions. Mr. Stornant has held numerous and increasingly noteworthy operations and financial roles within the Company over the past two decades, counting Vice President and General Manager of the Bates brand, Senior Vice President of Finance and Administration for the Global Operations Group, Vice President of Corporate Planning and Analysis, Senior Vice President of Manufacturing Operations, and Director of Internal Audit. In his new role, Mr. Stornant will report directly to Blake W. Krueger, Wolverine’s Chairman, Chief Executive Officer and President, and serve as a member of the Company’s executive administration team.
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through Lifestyle Group, Performance Group, and Heritage Group segments.
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