On Friday, Shares of Hewlett-Packard Company (NYSE:HPQ ), gained 0.31% to $28.86. 12.05 million shares of the company were exchanged.
Hewlett-Packard Company ( HPQ) declared the pricing for its formerly declared cash tender offer (the “Tender Offer”) for its 2.200% notes due December 2015, 2.650% notes due June 2016, 3.000% notes due September 2016, 3.300% notes due December 2016, 5.40% notes due March 2017, 2.600% notes due September 2017 and 5.50% notes due March 2018 (collectively, the “Notes”).
The Tender Offer is being made following an Offer to Purchase, dated September 30, 2015 (the “Offer to Purchase”), and related Letter of Transmittal (the “Letter of Transmittal”), which set forth a description of the terms and conditions of the Tender Offer.
The Tender Offer will expire at 11:59 p.m., New York City time, on October 28, 2015, unless extended (such date and time, as the same may be extended, the “Expiration Time”). Holders of Notes must have validly tendered and not validly withdrawn their Notes on or before 5:00 p.m., New York City time, on October 14, 2015 (the “Early Tender Deadline”) to be eligible to receive the applicable Total Consideration for their tendered Notes. After such time, the Notes may not be withdrawn except in certain limited circumstances where additional withdrawal rights are required by law. HP Co. anticipates that settlement for Notes validly tendered and not validly withdrawn on or before the Early Tender Deadline and accepted for purchase will be on October 16, 2015 (the “Settlement Date”).
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to the government, health, and education sectors worldwide.
Shares of MGIC Investment Corp. (NYSE:MTG), declined -1.71% to $9.80, during its last trading session.
MGIC Investment Corporation ( MTG ) stated operating and financial results for the quarter ended September 30, 2015.
Net income for the quarter ended September 30, 2015 was $822.9 million, or $1.78 per diluted share, counting $698.1 million regarding the reversal of the Company’s deferred tax asset valuation allowance. Not Taking Into Account the impact of the deferred tax asset valuation allowance reversal, adjusted net income for the quarter ended September 30, 2015, would have been $124.7 million, or $0.29 per diluted share, contrast with net income of $72.0 million, or $0.18 per diluted share, for the same quarter a year ago.
The valuation allowance related to deferred tax assets was reversed based on the evaluation of the ability to ultimately utilize those assets. The reversal of the valuation allowance raised book value per share by $2.23 in the third quarter.
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States.
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Finally, Shares of Delta Air Lines, Inc. (NYSE:DAL), ended its last trade with 0.39% gain, and closed at $49.12.
Delta Air Lines (DAL) stated financial results for the September 2015 quarter, counting adjusted net income1 of $1.4 billion or $1.74 per diluted share, up 45% from the September quarter of 2014.
Revenue Environment
Delta’s operating revenue for the September quarter reduced 0.6%, or $71 million, counting $235 million in foreign currency pressures. Passenger unit revenues declined 4.9%, which comprises about 2.5 points of impact from foreign currency.
Delta continues to successfully implement its Branded Fares initiative, increasing paid first class load factor by 8 points to 56% and expanding its Basic Economy product to over 450 markets. In total, Branded Fares products produced more than $75 million in incremental revenue in the September quarter.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
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