On Tuesday, Shares of Euronav NV (NYSE:EURN), gained 6.67% to $11.47.
Euronav NV approved the final condensed merged financial statements for the period ended 30 June 2015.
Paddy Rodgers, CEO of Euronav, said: “Delivery on our dividend commitment is an important step for Euronav. We are delighted to reward shareholders a tangible return on their investment. We are not surprised by the current rate environment for this season. Administration anticipates the market to rebound in the winter and with robust fundamentals in place it is confident of further progress going forward.”
Euronav NV, together with its auxiliaries, owns, operates, and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments: Tankers; and Floating Production, Storage, and Offloading/Floating, Storage, and Offloading (FPSO/FSO).
Shares of Magna International Inc. (USA) (NYSE:MGA), inclined 0.47% to $47.19, during its last trading session.
Magna International Inc., declared that the Ontario Securities Commission has issued an issuer bid exemption order permitting us to make private agreement purchases of Magna International Inc.’s Common Shares from an arm’s length third-party seller. Any purchases of our Common Shares made by way of private agreement under the August 2015 Order will be at a discount to the prevailing market price, may be made in tranches over time, and must otherwise comply with the terms of the August 2015 Order, counting that: only one such purchase is permitted per calendar week; and any such purchase must occur preceding to the expiry of our Normal Course Issuer Bid on November 12, 2015.
Magna was formerly granted issuer bid exemption orders (the “Preceding Orders”) on November 25, 2014 permitting us to make private agreement purchases from three arm’s length third-party sellers on certain terms and conditions contained in the Preceding Orders. The maximum number of Common Shares which may be purchased by way of all such private agreements cannot exceed 13,333,333, being one-third of the total number of Common Shares which may be purchased under the Bid after giving effect to the two-for-one stock split accomplished by Magna on March 25, 2015 (the “Stock Split”). The maximum number of Common Shares purchased in any weekly tranche by way of private agreement will not exceed 1,000,000. As of recently, we have purchased 5,320,000 Common Shares under the Preceding Orders after giving effect to the Stock Split.
All Common Shares purchased by way of private agreement made following the Preceding Orders and the August 2015 Order will be comprised of in computing the number of Common Shares purchased under the Bid, and information regarding each purchase, counting the number of Common Shares purchased and aggregate price paid, will be accessible on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com following the completion of any such purchase.
Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments.
At the end of Tuesday’s trade, Shares of SunPower Corporation (NASDAQ:SPWR), gained 2.06% to $22.76.
Supporting the Government of Queensland’s commitment to generate 50 percent of its electricity from renewable sources by 2030, local utility Ergon Energy has contracted with SunPower (SPWR) to offer high efficiency photovoltaic (PV) solar power systems with energy storage technology from Sunverge Energy to 33 Queensland homes. This is Ergon Energy’s first residential solar and storage project to be piloted in a limited release commercial offer.
“Ergon Energy is looking to the future and partnering with SunPower and Sunverge to provide solar and battery systems as part of this trial due to the unique demand administration features which allow stored power to be put back into the grid. We hope to create customer and network value by utilising energy resources located at the customer premises,” Ergon Energy Chief Executive Ian McLeod said. “This is an important step towards more efficient ways to run electricity networks and also towards giving customers greater choice and control in how they manage their electricity needs. We want to be at the forefront of these developments to enhance customer service offerings and reduce investment into constrained areas of the network.”
The project is being supported by the Australian Renewable Energy Agency (ARENA), which has contributed $AUD400000 towards Ergon’s approach to provide solar PV and battery storage systems to residential customers.
Ergon Energy Retail will trial the hybrid energy systems with 33 customers in Toowoomba, Townsville and Cannonvale. SunPower will design and install the systems, which will comprise SunPower solar panels, the most efficient and reliable panels on the market recently, and Sunverge Solar Integration Systems (SIS). SIS comprise backup power capability and a 6-kilowatt inverter with 11.6 kilowatt hours (kWh) of energy, on-board computing and cellular communications.
SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, counting panels, balance of system components, and inverters.
Finally, SFX Entertainment Inc (NASDAQ:SFXE), ended its last trade with 3.08% gain, and closed at $0.876.
Robert F.X. Sillerman, reaffirmed his intention to provide a revised offer for all of the company’s common shares not owned by him or his associates, in a manner that reflects the reality of where the stock has traded since his original and subsequently revised offers to purchase those shares.
Shares of SFX have practiced a decline of more than 62 percent during the period spanning the close of the market on February 24, 2015 – the final day of trading preceding to the public disclosure of Mr. Sillerman’s initial offer to purchase the above-cited shares – and the market close on August 14, 2015. That percentage decline represents a drop in the closing price of SFX shares from $3.70 to $1.39, the latter being the lowest closing price on record for SFX, which began publicly trading in 2013.
Mr. Sillerman indicated that he was optimistic that a revised going-private offer would be successfully consummated.
SFX Entertainment, Inc. engages in the production of live events and digital entertainment content that focuses on the electronic music culture (EMC) and other festivals. The company produces and promotes live EMC festivals and events; produces music tours; and sells event tickets through a ticketing platform, in addition to provides merchandising and related services.
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