On Monday, 3D Systems Corporation (NYSE:DDD)’s shares gained 4.44%, and closed at $28.67, after 3D Systems Corporation, declared that it attained Easyway Design and Manufacture Co. in China, counting its wholly owned auxiliaries comprising the Easyway Group, creating 3D Systems China. Easyway is a leading Chinese 3D printing sales and service provider with key operations in Shanghai, Wuxi, Beijing, Guangdong and Chongqing. Terms of the transaction were not revealed.
Easyway brings to 3DS extensive and practiced greater China sales and service coverage, substantial service bureau production capabilities and long-term, key relationships with leading Chinese automotive, medical and consumer goods companies, counting VW, Nissan, Philips, Omron, Black & Decker, Panasonic and Honeywell.
Concurrently, the corporation declared the formation of 3D Systems China under the capable leadership of May Zhou, Easyway’s founder. The attainment provides 3DS with a strong platform to scale its in-country Quickparts custom manufacturing operations and multiplexes its 3D printing reseller coverage.
3D Systems Corporation, through its auxiliaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, in addition to other European, the Middle East, and African countries.
Halliburton Company (NYSE:HAL)’s shares jumped 4.37%, and settled at $45.88, during the last trading session on Monday. As declared on November 17, 2014, Baker Hughes Incorporated (BHI) and Halliburton Corporation (HAL) reached a definitive contract under which Halliburton will attain all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction was approved by stockholders of both companies recently, and is predictable to close late in the second half of 2015, pending regulatory approvals.
As a result ofrecent shareholder approvals, and as is conventional among companies being attained in the energy industry, Baker Hughes will suspend future conference calls to talk about its quarterly results.
In lieu of a conference call, Baker Hughes is planned to issue a news release, detailing operational performance and earnings for the first quarter of 2015, before the market opens on Tuesday, April 21, 2015.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The corporation operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment provides production enhancement services, counting stimulation services and sand control services; and cementing services that comprise bonding the well and well casing, and casing equipment.
At the end of Monday’s trade, Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS)’s shares climbed 4.17%, and closed at $5.89, hitting new 52-week high of $75.40, as on Good Friday, the company following CVM Instruction 358 of January 3rd, 2002, and amendments thereto, hereby declares that, in regard to the Material Fact of March 31, 2015, which stated that the Sao Paulo State Sanitation and Energy Regulatory Agency (“ARSESP) had, on that date, presented for Public Consultation a proposal for a Sabesp Extraordinary Tariff Revision, in accordance with Preliminary Technical Note RTS/003/2015, the total raise in the tariff projected by the agency is 13.87% and not 13.97%, as revealed formerly.
In addition, recently ARSESP published in the Official Gazette of the State of Sao Paulo (DOE), a notice announcing that it will hold Public Hearings on the proposal for the Sabesp Extraordinary Tariff Revision, in accordance with Preliminary Technical Note RTS/003/2015, at 9:00 a.m. on April 15 in the Auditorium of the Department of Agriculture and Supply, located at Praca Ramos de Azevedo, 254, Sao Paulo/ SP.
The other information revealed in the Material Fact of March 31, 2015 remains unaltered.
Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. Its activities comprise water supply; sanitary sewage services; urban rainwater administration and drainage services; urban cleaning services; solid waste administration services; and related activities, counting the planning, operation, maintenance, and commercialization of energy.
CEMEX, S.A.B. de C.V. (NYSE:CX), ended its Monday’s trading session with 4.11% gain, and closed at $10.13, as formerly on March 25, CEMEX, declared the interest rate of its U.S.$200 million in aggregate principal amount of Convertible Subordinated Notes due 2020 is 3.720% and the initial conversion rate of the Convertible Notes is 80.7735 of CEMEX’s American Depositary Shares per U.S.$1,000 principal amount of the Convertible Notes.
The interest rate applicable to the Convertible Notes of 3.720% was determined based on the 5-year swap rate on March 11, 2015 (1.770%), plus a spread of 195 basis points. Because the average of the daily volume-weighted average prices of the ADSs for the 5 trading day period starting on March 18, 2015 was U.S.$9.5233, which is higher than U.S.$8.62, no adjustment to the interest rate was required. Interest on the Convertible Notes will be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on September 15, 2015.
The initial conversion price applicable to the Convertible Notes of U.S.$12.3803 was determined as the amount equal to the greater of (a) U.S.$11.20, (b) U.S.$12.3803, which is 130% of the 5 Day Average VWAP of the ADSs, and (c) U.S.$10.659, which is 110% of the closing sale price of the ADSs on the New York Stock Exchange on March 13, 2015. The initial conversion rate of the Convertible Notes of 80.7735 ADSs per $1,000 principal amount of the Convertible Notes is equal to the quotient of (x) 1,000 divided by (y) the initial conversion price of U.S.$12.3803, rounded to the nearest 1/10,000th of an ADS.
CEMEX, S.A.B. de C.V., a building materials corporation, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, the Caribbean, and Asia.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
