On Wednesday, Shares of Energy Transfer Partners LP (NYSE:ETP), lost -2.65% to $51.78.
Energy Transfer Partners, stated that despite recent turmoil in the world energy and financial markets, it is confirming its merger proposal, under which ETE would acquire all of the outstanding common stock of The Williams Companies, Inc. (WMB) at a fixed exchange ratio of 0.9358 ETE Corp shares for each Williams share, representing a 32.4% premium to the Williams common share closing price as of June 19, 2015, based on ETE’s unit price on the same date.
Despite comments made by Williams administration to research analysts and WMB stockholders, ETE continues to be open to engaging in the planned alternatives process declared by Williams, but only if it is fair and evenhanded and is not designed to disadvantage ETE (and ultimately WMB shareholders) or unduly restrict ETE’s ability to pursue the projected transaction.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The companys Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system.
At the end of Wednesday’s trade, Shares of Cree, Inc. (NASDAQ:CREE), lost - 2.62% to $24.87.
Cree, declared the acquisition of APEI, a global leader in power modules and power electronics applications. Combining two highly complementary innovators, the acquisition enables Cree’s Power and RF business to extend its leadership position and assist to accelerate the market for high-performance, best-in-class SiC power modules.
This acquisition strengthens Cree’s market-leading position for SiC power electronics, infusing the Power and RF business with additional intellectual property and applications expertise at the systems level from APEI. The companies’ shared mission to deliver the industry’s most innovative SiC power products has already led to successful partnership on multiple government contracts. In 2014, the co-development of a High-Performance Silicon Carbide-based Plug-In Hybrid Electric Vehicle Battery Charger on an ARPA-E program resulted in an R&D 100 award, recognizing the 100 most innovative technology advancements of the year.
Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally.
Finally, Invesco Ltd. (NYSE:IVZ), ended its last trade with - 2.50% loss, and closed at $36.22.
Amid the growing availability and adoption of alternative investments through mutual funds and ETFs, advisors need assist breaking through the language barriers to work effectively with clients to understand their investment choices and the potential benefits of a well-diversified portfolio more than ever before. According to a new year-long study titled, The Power of Alternatives from Invesco, a leading global investment administration firm, and Maslansky + Partners, a research-driven language strategy firm, nearly eight in ten investors (77%) would rather invest in, “alternative mutual funds that are bought and sold like any other fund” than, “liquid alternatives” (23%).
“Investors are very open to hearing about how alternatives can assist them meet their aims, but this value proposition is quickly clouded by words like derivatives and arbitrage,” said Scott West, Head of Invesco Consulting. “By avoiding jargon, advisors can eliminate misconceptions, improve conversations and assist their clients understand how these strategies may enhance their portfolios.”
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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