On Monday, Dow Chemical Co (NYSE:DOW)’s shares inclined 1.64% to $44.02.
Olin Corporation (OLN) declared that its shareholders overwhelmingly approved the issuance of shares of Olin common stock and an amendment to Olin’s Amended and Restated Articles of Incorporation to enhance the number of authorized shares of Olin common stock necessary to complete the pending merger with The Dow Chemical Company’s (DOW) U.S. Chlor-Alkali and Vinyl, Global Chlorinated Organic and Global Epoxy businesses. The transaction is still subject to customary closing conditions. The merger is predictable to be accomplished early next month.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
Carnival Corp (NYSE:CCL)’s shares gained 1.11% to $52.65.
After achieving a $5 million fundraising aim for St. Jude Children’s Research Hospital®, Carnival Cruise Line has declared an additional $10 million aim by 2020, while ongoing its role as the hospital’s Official Celebration Partner.
The declaration was made by Carnival President Christine Duffy at the hospital in Memphis, Tennessee , during the cruise line’s third annual Day of Play which this year featured a variety of Dr. Seuss-themed activities for patients and their families. At the event, Carnival officials presented the hospital with an oversized check for $5 million , representing the funds raised for St. Jude over the past two years – a full two years ahead of plan. Carnival has raised $8 million in total for the hospital since the start of their partnership in 2010.
St. Jude Children’s Research Hospital is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. Unlike any other hospital, the majority of funding for St. Jude comes from individual contributions. Thanks to generous donors, families never receive a bill from St. Jude for treatment, travel, housing or food – because all a family should worry about is assisting their child live.
Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia. It operates 100 cruise ships.
At the end of Monday’s trade, Apache Corporation (NYSE:APA)‘s shares dipped -0.87% to $39.31.
The Board of Directors of Apache Corporation (APA) has declared regular cash dividends on the company’s common shares.
The dividend on common shares of 25 cents per share is payable on Nov. 23, 2015, to stockholders of record on Oct. 22, 2015.
Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, and the Texas Panhandle, Gulf Coast areas of the United States, in addition to in Western Canada.
Manulife Financial Corporation (USA) (NYSE:MFC), ended its Monday’s trading session with 2.65% gain, and closed at $15.89.
Manulife Investments, a division of Manulife Asset Administration Limited (MAML), recently declared a number of projected changes to its mutual fund lineup. The changes follow the acquisition of the Canadian-based operations of Standard Life plc accomplished earlier this year and are part of the ongoing integration of the Standard Life Mutual Funds into the Manulife fund family. Subject to applicable regulatory and security holder approval, Manulife Investments proposes to:
- amalgamate the existing Standard Life and Manulife mutual fund corporations.
- change the investment objectives of certain funds.
- change the sub-advisors and portfolio managers of certain funds.
- cap certain funds to new purchases.
- implement a series of fund mergers.
In an effort to create a stronger mutual fund corporation and to allow for tax-deferred switching between the Standard Life corporate funds and the Manulife corporate funds, in addition to tax-deferred mergers between these funds, Manulife Investments is proposing to amalgamate Standard Life Corporate Class Inc. (“SLCCI”) and Manulife Investment Exchange Funds Corp., on a tax-deferred basis, into a single corporate entity (the “Corporate Amalgamation”).
Manulife Financial Corporation, together with its auxiliaries, provides financial protection and wealth administration products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States.
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