On Thursday, AGCO Corporation (NYSE:AGCO)’s shares inclined 0.04% to $48.46.
AGCO, Your Agriculture Company (AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced today that it will participate in the 2015 Morgan Stanley Laguna Conference on Thursday, September 17, 2015. The conference will include a presentation by Andy Beck, AGCO’s Senior Vice President and Chief Financial Officer, at 12:50 p.m. PDT. Investors may listen to a live webcast of the presentation by accessing the webcast button in the “Investors” section of the Company’s website at http://www.agcocorp.com/company/investors.aspx. The webcast will also be archived immediately afterwards.
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers tractors, counting high horsepower tractors that are used on larger farms primarily for row crop production; utility tractors for small- and medium-sized farms, in addition to for specialty agricultural industries comprising dairy, livestock, orchards, and vineyards; compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses; and combines used in harvesting grain crops, such as corn, wheat, soybean, and rice products.
Owens-Illinois Inc (NYSE:OI)’s shares dropped -0.73% to $20.51.
Owens-Illinois, Inc. (OI) declared that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned partner of OI Inc., intends to offer, subject to market and other conditions, a total of $1.0 billion aggregate principal amount of senior notes due 2023 and senior notes due 2025 in a private offering to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). OBGC`s obligations under the senior notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”), a direct wholly owned partner of OI Inc. and an indirect parent of OBGC, and the domestic auxiliaries of OI Group that are guarantors under OI Group`s credit agreement.
OBGC anticipates to use the net proceeds from the private offering to fund, in part, its formerly declared acquisition of the food and beverage glass containers business of Vitro, S.A.B. de C.V. and its auxiliaries as conducted in the United States, Mexico and Bolivia (the “Vitro Acquisition”) and to pay related fees and expenses. The private offering of senior notes will be consummated proceeding to the consummation of the Vitro Acquisition. Co presently with the closing of the private offering, the gross proceeds from the sale of the senior notes will be deposited into an escrow account until the consummation of the Vitro Acquisition.
Owens-Illinois, Inc., through its auxiliaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. It produces glass containers for alcoholic beverages, counting beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. It offers glass containers in a range of sizes, shapes, and colors.
At the end of Thursday’s trade, Fluor Corporation (NEW) (NYSE:FLR)‘s shares surged 0.94% to $44.89.
Fluor Corporation (FLR) declared that PTT Global Chemical Public Company (PTTGC) has selected a Fluor-led team to perform front-end engineering and design work for its projected petrochemical complex in Belmont County, Ohio. The team comprises Fluor, Technip and SK E&C. Fluor will book the unrevealed contract value into backlog in the third quarter of 2015.
The project will encompass an ethane cracker and derivatives units by leveraging the availability of feedstock from gas taken from the Utica and Marcellus shale formations in the region to create chemical products. Fluor is a leader in the petrochemical engineering, procurement and construction market, and is presently executing engineering, procurement and construction for three major ethane cracker projects in the United States.
Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. The Oil & Gas segment offers a range of design, engineering, procurement, construction, and project management services to upstream oil and gas production, liquefied natural gas, downstream refining, offshore production, pipeline, chemicals, and petrochemicals industries. It also provides consulting services comprising feasibility studies, process assessment, and project finance structuring and studies.
Pattern Energy Group Inc (NASDAQ:PEGI), ended its Thursday’s trading session with -4.32% loss, and closed at $20.59.
Pattern Energy Group Inc. (PEGI) declared it has accomplished the acquisition of the remaining 170 megawatt (MW) ownership interests in the 283 MW Gulf Wind power facility in Kenedy County, Texas from Pattern Energy Group LP (“Pattern Development”) and MetLife Capital LP.
The Gulf Wind facility comprises of 118 wind turbines and has the capacity to generate 283 MW of energy, the power equivalent to the annual energy usage of about 80,000 Texas homes.
Pattern Energy Group Inc., an independent power company, owns and operates power projects in the United States, Canada, and Chile. As of March 2, 2015, the company owned interests in 12 wind power projects with the capacity of 1,636 megawatts. It sells electricity primarily to local utilities. Pattern Energy Group Inc. was founded in 2012 and is headquartered in San Francisco, California.
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