On Monday, Shares of Williams Companies Inc (NYSE:WMB), gain 5.11% to $54.90, as Spectra Energy Corp. (SE) is said to be bidding for all of Williams Companies, despite Spectra’s market share being almost half of Williams’, Reuters.
Williams is an energy infrastructure company and Spectra is an oil and natural gas pipeline company.
Williams placed itself on auction after refusing an all stock buyout from rival Energy Transfer Equity (ETE) in June, Reuters.
Energy Transfer is said to have tied up at least eight investment banks that are now working on its bid to acquire Williams, making it more difficult for rivals to come up with financing options. Reuters noted.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services.
Shares of American International Group Inc (NYSE:AIG), inclined 0.08% to $64.30, during its last trading session.
Lexington Insurance, a division of American International Group Inc (NYSE:AIG), and the largest excess and surplus carrier in the U.S., celebrated the 50th anniversary of its incorporation by hosting a day of giving back at its Boston headquarters.
“For 50 years, Lexington has built its reputation on a foundation of serving our customers, a commitment to long-term relationships in the market, and as important, giving back to the community,” says Jeremy Johnson, President and Chief Executive Officer, Lexington Insurance. “We’re very much part of AIG’s tradition of serving our customers and the communities where we operate.”
As a company, AIG last year saw a 76 percent enhance in volunteer hours served during its Global Volunteer Weeks. Employees from 46 countries take partd in 324 community service projects, volunteering more than 23,500 hours of their time.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally. The company’s Commercial Insurance segment offers general liability, commercial automobile liability, workers’ compensation, excess casualty, and crisis administration causality insurance products; commercial, industrial, and energy-related property insurance products; aerospace, environmental, political risk, trade credit, surety, and marine insurance products, in addition to various insurance products for small and medium sized enterprises; and professional liability insurance products for a range of businesses and risks.
Finally, E-House (China) Holdings Limited (ADR) (NYSE:EJ), ended its last trade with -0.08% loss, and closed at $6.55.
E-House (China) Holdings Limited, through its auxiliaries, operates as a real estate services company in the People’s Republic of China. The company declared that it will report its unaudited financial results for the second quarter ended June 30, 2015 before the U.S. markets open on August 25, 2015.
E-House’s administration will host an earnings conference call on August 25, 2015 at 8:15 a.m. U.S. Eastern Time (8:15 p.m. Beijing/Hong Kong time).
E-House (China) Holdings Limited, through its auxiliaries, operates as a real estate services company in the People’s Republic of China. It operates through Real Estate Online Services; Real Estate Brokerage Services; Real Estate Information and Consulting Services; Community Value-Added Services; and Other Services segments.
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