On Tuesday, Shares of AOL Inc. (NYSE:AOL), surged 18.62% to $50.52, hitting its highest level.
Taking another noteworthy step in building digital and video platforms to drive future growth, Verizon Communications Inc. (VZ), declared the signing of a contract to purchase AOL Inc. (AOL) for $50 per share — an estimated total value of about $4.4 billion.
Verizon’s acquisition further drives its LTE wireless video and OTT (over-the-top video) strategy. The agreement will also support and connect to Verizon’s IoT (Internet of Things) platforms, creating a growth platform from wireless to IoT for consumers and businesses.
AOL is a leader in the digital content and advertising platforms space, and the combination of Verizon and AOL creates a scaled, mobile-first platform offering directly targeted at what eMarketer estimates is a nearly $600 billion global advertising industry. AOL’s key assets comprise its subscription business; its premium portfolio of global content brands, counting The Huffington Post, TechCrunch, Engadget, MAKERS and AOL.com, in addition to its millennial-focused OTT, Emmy-nominated original video content; and its programmatic advertising platforms.
AOL Inc. provides various digital brands, products, and services to consumers, advertisers, publishers, and subscribers worldwide. Its Brand Group segment offers original content produced by journalists, politicians, celebrities, academics, policy experts, freelance writers, and bloggers; curated content; curated and aggregated content from third parties; and user-generated content through AOL.com and The Huffington Post, and related sites, in addition to through Engadget and TechCrunch branded properties.
Shares of The Charles Schwab Corporation (NYSE:SCHW), declined -0.84% to $31.77, during its last trading session.
Nine out of 10 Americans view technology as more of a life necessity than a distraction but a passion for people persists across the generations, according to a new study from Charles Schwab which finds that people from age 25-75 prefer to rely on a combination of both humans and technology when it comes to dealing with daily tasks and managing their money.
The Charles Schwab Corporation, “Man and Machines” study asked more than 1,800 affluent consumers across four generations about their interaction preferences for finding answers and solving problems across a range of topics, and although technology won out over people, the result was close – just over half (54%) say they prefer to rely on technology while 46 percent still favor interactions with people they know or to whom they are referred. In examining viewpoints by generation, the study revealed some surprising differences and similarities, particularly when comparing Millennials and Gen-Xers, which suggest that age is not a defining factor in how people approach the use of technology.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
At the end of Tuesday’s trade, Shares of Boston Scientific Corporation (NYSE:BSX), lost -1.14% to $17.27.
Boston Scientific Corporation, accomplished a public offering of $1.85 billion aggregate principal amount of its senior notes under the company’s shelf registration statement. The public offering comprises of $600 million of 2.850% notes due May 15, 2020, $500 million of 3.375% notes due May 15, 2022, and $750 million of 3.850% notes due May 15, 2025.
The company formerly declared that it intends to use the net proceeds from the offering, together with borrowings under its $750 million five-year term loan facility, to (i) pay the purchase price of the American Medical Systems urology portfolio (the “AMS Portfolio Acquisition”) and to pay related fees and expenses and (ii) redeem all or a portion of its (a) 5.500% notes due November 2015, of which $400 million aggregate principal amount was outstanding as of the date hereof (the “November 2015 Notes,” and (b) 6.400% notes due June 2016, of which $600 million aggregate principal amount was outstanding as of the date hereof (the “June 2016 Notes”), and to pay related fees, expenses and premiums. Following the completion of the offering, the company will provide the trustee with redemption notices to redeem all of the November 2015 Notes and the June 2016 Notes on June 11, 2015. The company anticipates to record an after-tax charge of about $0.02 per share during the second quarter of 2015 associated with the redemption, which the company noted was not comprised of in the company’s formerly declared GAAP earnings guidance. This charge will not impact the company’s adjusted earnings. The AMS Portfolio Acquisition is predictable to close in the third quarter of 2015, subject to customary closing conditions.
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. The company operates in three segments: Cardiovascular, Rhythm Administration, and MedSurg.
Finally, Southern Company (NYSE:SO), ended its last trade with -0.28% loss, and closed at $43.47.
On April 30, Southern Company partner Southern Power, a national leader in renewables, has surpassed 1,000 megawatts (MW) of renewable energy development with the acquisition of a controlling interest in the 60-MW North Star Solar Facility in California from First Solar, Inc. The remaining interest in the project will be owned by an associate of First Solar.
First Solar will build, operate and maintain the North Star Solar Facility. Construction began in July 2014, and the plant is predictable to enter commercial operation this June. The facility is predictable to be capable of generating enough electricity to assist meet the energy needs of more than 21,000 average homes.
Southern Power’s fifth solar acquisition in California, the North Star Solar Facility will be located on 626 acres in Fresno County and is predictable to comprise of about 750,000 of First Solar’s thin-film photovoltaic solar modules mounted on single-axis tracking tables. This is the first facility in Fresno County for Southern Power and First Solar.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
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