On Thursday, Shares of WCI Communities Inc. (NYSE:WCIC), surged 3.34% to $23.85.
WCI Communities, declared the pricing of a registered secondary offering of 3,250,000 shares of its common stock at a price to the public of $22.75 per share. All of the shares are being offered by entities associated with Monarch Alternative Capital LP and Stonehill Institutional Partners, L.P.. In connection with the offering, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 487,500 shares of common stock. The shares are being sold on a pro rata basis as between the Monarch selling stockholders and the Stonehill selling stockholder in accordance with their current ownership percentages. The offering is subject to customary closing conditions and is predictable to close on April 21, 2015. The Company is not selling any shares in this offering or receiving any portion of the proceeds from this offering.
Credit Suisse, Citigroup, J.P. Morgan and Raymond James are acting as joint book-running managers for the offering, Zelman Partners LLC is acting as lead manager and FBR and JMP Securities are acting as co-managers for the offering.
WCI Communities, Inc. operates as a lifestyle community developer and luxury homebuilder in Florida. The company operates in three segments: Homebuilding, Real Estate Services, and Amenities.
Shares of Brunswick Corporation (NYSE:BC), gained 3.32% to $54.42, during the last trading session on Thursday.
Brunswick Corporation, declared it will reschedule its 2015 first quarter earnings release and conference call to Wednesday, April 29, 2015, to better accommodate the financial community and avoid a potential conflict on the earnings season calendar.
The new date is a day earlier than originally declared, and will allow Brunswick to conduct its customary investor conference call without coinciding with an investor event by a peer company within the leisure segment.
Brunswick`s conference call is now planned at 10 a.m. CDT April 29, 2015, hosted by Dustan E. McCoy, chairman and chief executive officer, Mark D. Schwabero, president and chief operating officer, William L. Metzger, senior vice president and chief financial officer, and Bruce J. Byots, vice president - investor relations.
Brunswick Corporation designs, manufactures, and markets recreation products in the United States and internationally. The company’s Marine Engine segment offers outboard engines, sterndrive propulsion systems, and inboard engines under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet and Mercury Jet Drive, MotorGuide, Axius, and Zeus brands; and marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and marine lubricants under the Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Land N Sea, Kellogg Marine Supply, Diversified Marine Products, Bell Recreational Products, Sea Choice, and MotorGuide brands, in addition to supplies integrated diesel propulsion systems.
At the end of Thursday’s trade, Shares of Pandora Media, Inc. (NYSE:P), gained 3.29% to $17.92.
Pandora Media, declared that its first quarter 2015 financial results will be released on Thursday, April 23, 2015, after the close of the market. The company will host a conference call at 2:00 PM (PT) / 5:00 PM (ET) to talk about the quarterly financial results with the investment community.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, in addition to offers Pandora One, a paid subscription service to listeners.
Finally, Quantum Corporation (NYSE:QTM), ended its Thursday’s trading session with 3.17% gain, and closed at $1.95.
On April 13, Quantum Corporation, declared a new, global go-to-market partnership whereby Quantum will integrate Dot Hill’s full line of enterprise-class disk storage systems into its tiered storage offerings. By adding all of Dot Hill’s storage arrays to its scale-out storage and data protection portfolio, Quantum will further expand its range of solutions designed for managing data across its entire lifecycle in demanding environments. At the same time, Dot Hill will extend its market footprint by leveraging Quantum’s channel, sales and marketing resources, and global service and support. Today’s declaration builds on the companies’ technology relationship and reflects a similar focus on providing best-in-class performance and value with solutions that incorporate multiple storage technologies.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges.
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