Earlier Market Hot Stories – Dow Chemical Co (NYSE:DOW), Olin Corporation (NYSE:OLN), BlackBerry Ltd (NASDAQ:BBRY), Finish Line Inc (NASDAQ:FINL)

Following U.S. Stocks are among the “Most Active” Stocks in the course of recent trading session, Friday: Dow Chemical Co (NYSE:DOW), Olin Corporation (NYSE:OLN), BlackBerry Ltd (NASDAQ:BBRY), Finish Line Inc (NASDAQ:FINL)

Dow Chemical Co (NYSE:DOW), with shares picked up 3.96% is now trading at $48.28. The Stock is active as 813,104.00 shares changed hands versus its average volume of 7.76M shares.

Olin Corporation (NYSE:OLN), with shares raised 23.21% is now trading at $33.37, hitting new 52-week high of $34.34. The Stock is active as 143,383.00 shares changed hands versus its average volume of 883,443.00 shares.

BlackBerry Ltd (NASDAQ:BBRY) with shares enhanced 3.28% is now trading at $9.60. The Stock is active as 2.62M shares changed hands versus its average volume of 9.27M shares.

Finish Line Inc (NASDAQ:FINL) with shares rose 2.85% is now trading at $24.74. The Stock is active as 71,887.00 shares changed hands versus its average volume of 663,623.00 shares.

Latest NEWS regarding these Stocks are depicted underneath:

Today, The Dow Chemical Company (DOW), and Olin Corporation (NYSE:OLN), declared recently that the boards of directors of both companies unanimously approved a definitive contract under which Dow will separate a noteworthy portion of its chlorine value chain and merge that new entity with Olin in a transaction that will create an industry leader with proceeds approaching $7 billion. The transaction has a tax efficient consideration of $5 billion, and a taxable equivalent value of $8 billion to Dow and Dow shareholders. It is highly complementary to the planned objectives of both companies, with noteworthy potential to enhance value for both Dow and Olin shareholders, and create substantial benefits for customers.

The terms of the contract call for Dow to separate its U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics and Global Epoxy businesses, and then merge these businesses with Olin in a Reverse Morris Trust transaction. The merger will result in Dow shareholders receiving about 50.5 percent of the shares of Olin, with existing Olin shareholders owning about 49.5 percent.

The transaction is valued at $5 billion, and comprises $2.0 billion of cash and cash equivalents to be paid to Dow; an estimated $2.2 billion in Olin ordinary stock using the Olin stock value as of close on March 25, 2015; and about $800 million of assumption of pension and other liabilities. In addition, by virtue of the joint share ownership, both sets of shareholders will benefit from a minimum of $200 million in projected annual synergies and cost savings.

“This transaction is a natural fit to our planned objectives - creating a sustainable, long-term growth platform and improved shareholder and customer value,” said Joseph D. Rupp, Olin’s chairman and chief executive officer. “Supported by noteworthy integration and scale, premier low-cost assets, an upgraded and diversified product mix, and valuable network and other synergies, we will be able to better serve and grow with our customers. We are excited to combine the strengths of our businesses and capitalize on the noteworthy opportunities inherent in this transaction.”

Dow and Olin will have a strong, ongoing operational and commercial relationship counting several long-term supply, service and purchase contracts which will support downstream products aligned with Dow’s planned market focus. Dow will be an important anchor customer of Olin as it works to grow the attained business. Olin will have a strong capital structure and cash flow to support growth and return of capital to shareholders. It will employ about 6,000 employees at 29 operating sites in 9 countries.

Olin will continue to be led by Rupp and a senior administration team comprised of both Dow and Olin current employees. Olin’s Board of Directors will comprise of the existing nine Olin Corporation directors and three new members to be designated by Dow.

The transaction is subject to approval by Olin shareholders and completion of customary closing conditions, counting relevant tax authority rulings and regulatory approvals.

Dow (DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Corporation is driving innovations that extract value from the intersection of chemical, physical and biological sciences to assist address many of the world’s most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity.

BlackBerry Limited (NASDAQ:BBRY)

Today, BlackBerry Limited (BBRY), declared that China Mobile Hong Kong Co., Ltd., the wholly owned partner of China Mobile Limited, the world’s largest mobile network operator, will offer Improved SIM-Based Licensing (ESBL) by BlackBerry to its enterprise customers. With the new ESBL offering, CMHK enterprise customers can get BES12, a cross-platform EMM solution by BlackBerry, integrated with their wireless monthly subscriber billing. The ESBL offering in conjunction with BES12 will support iOS, Android™, Windows Phone® and BlackBerry® 10.

The offering will enable CMHK to resell to its enterprise customers licenses for BlackBerry EMM services as a bundled offer together with airtime and a data plan. ESBL enables CMHK to offer enterprise customers granular monthly billing, and the ability to consolidate all users to one monthly billing date. This assists CMHK facilitate how customers pay for BlackBerry EMM services, which can quickly and easily be selected at the carrier point of sale. ESBL will also integrate with CMHK’s existing carrier provisioning systems, assisting to identify a customer’s existing licensing status in addition to upsell opportunities.

The ESBL offering will provide enterprise customers an improved purchasing experience, meaning they can consolidate operational costs into one monthly invoice. The license migration process is eliminated, since ESBL licensing comprises version upgrades and updates. Enterprises with BYOD policies will also have the opportunity to purchase Bring Your Own Licenses (BYOL) with ESBL.

A global leader in mobile communications, BlackBerry® revolutionized the mobile industry when it was introduced in 1999. Recently, BlackBerry aims to inspire the success of our millions of customers around the world by continuously pushing the boundaries of mobile experiences.

Finish Line Inc. (NASDAQ:FINL)

Today, Finish Line Inc. (FINL), stated results for the fourth quarter and fiscal year 2015, representing the thirteen and fifty-two weeks ended February 28, 2015.

For the thirteen weeks ended February 28, 2015:

Merged net sales were $551.3 million, an raise of 6.3% over the preceding year period.
Finish Line comparable store sales raised 2.6%.
On a GAAP basis, diluted earnings per share were $0.87.
Non-GAAP diluted earnings per share, which excludes the influence of impairment charges and store closing costs were $0.88.

For the fifty-two weeks ended February 28, 2015:

Merged net sales were a record $1.82 billion, an raise of 9.0% over the preceding year.
Finish Line comparable store sales raised 3.2%.
On a GAAP basis, diluted earnings per share raised 9.0% over the preceding year to $1.70.
Non-GAAP diluted earnings per share, which excludes the influence of impairment charges and store closing costs, employee resignation costs, and the recognition of a one-time tax benefit were $1.67.

Outlook:

For the fiscal year ending February 27, 2016, Finish Line anticipates comparable store sales to be up in the low single to mid single digit range and earnings per share to raise in the low single to mid single digit range over fiscal year 2015 non-GAAP diluted earnings per share of $1.67.

The corporation’s Board of Directors has established July 16, 2015 as the date of the 2015 annual meeting of shareholders, with May 15, 2015 as the record date for this meeting.

The Finish Line, Inc. is a premium retailer of athletic shoes, apparel and accessories. Headquartered in Indianapolis, Finish Line has about 1,030 Finish Line branded locations primarily in U.S. malls and shops inside Macy’s department stores and employs more than 14,000 sneakerologists who assist customers every day connect with their sport, their life and their style.

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