On Monday, Shares of AK Steel Holding Corporation (NYSE:AKS), lost -0.71% to $5.63.
AK Steel Holding Corporation, has received a “Deal Maker of the Year” award from the Association for Corporate Growth (ACG) for the company’s $690 million acquisition of Severstal Dearborn, LLC. The award was presented at the ACG Cincinnati chapter’s annual awards event held on May 13, 2015. ACG presented awards in five categories. AK Steel and The Kroger Company were award winners in the category for corporations with over $1 billion in annual revenues.
The annual ACG award recognizes individuals and corporations for their pursuit of corporate growth via mergers and acquisitions together with efforts that drive continued growth and vitality of the region’s business community.
AK Steel attained the Dearborn integrated steelmaking operations located in Dearborn, Michigan in September 2014. The deal also comprised of the acquisition of the Mountain State Carbon cokemaking facility in Follansbee, West Virginia and ownership in three joint ventures that finish flat rolled carbon steel products.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
Shares of SolarCity Corporation (NASDAQ:SCTY), declined -0.70% to $62.07, during its last trading session.
On May 4, SolarCity Corporation declared it has closed a $500 million financing aggregation facility with BofA Merrill Lynch, Credit Suisse and Deutsche Bank. The loan facility is predictable to be the largest of its kind for distributed generation solar projects, and once deployed will finance more than 500 MW of solar power systems for homeowners, businesses and government organizations.
The facility will be secured by a portfolio of high quality, long-term customer systems and contracts. Through a novel structure, the financing will allow SolarCity to fund customer installations at an earlier stage in their development cycle, enabling a faster return of working capital to support the rapid growth in SolarCity’s forecasted installations. When fully drawn, SolarCity will be able to finance installations for tens of thousands of homes and businesses throughout the United States. The clean energy offered by these systems will offset carbon dioxide emissions over the lifetime of the systems.
SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; mounting hardware for photovoltaic panels; and related software, in addition to develops a proprietary battery administration system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators.
At the end of Monday’s trade, Shares of Target Corp. (NYSE:TGT), gained 0.45% to $78.36.
Several top suppliers summoned to Target Corp.’s headquarters early this year left digesting some difficult news: Their brands were no longer special, according to MarketWatch.
Target said it wants to do less with Cinnamon Toast Crunch and Corn Flakes and more with granola and yogurt. Canned soup, a category facing a long decline, will be de-emphasized. The processed foods sold by Kraft Foods Group Inc. and others will move down the totem pole, while fancy sauces and oils will move up, the people said. MarketWatch Reports.
Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.
Finally, Danaher Corp. (NYSE:DHR), ended its last trade with 0.94% gain, and closed at $87.26.
Danaher Corporation, declared that its Board of Directors has approved a regular quarterly dividend of $0.135 per share payable on July 31, 2015 to holders of record on June 26, 2015.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company’s Test & Measurement segment provides test, measurement, and monitoring products that are used in electronic design, manufacturing, and technology development; hardware and software solutions to deploy, manage, and secure communication network technologies and services; and tools, toolboxes, and automotive maintenance equipment.
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