On Friday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -4.93% to $8.88. The stock attained the volume of 21.61 million shares.
Chesapeake Energy Corporation (CHK) declared that it is notifying holders of its 2.75% Contingent Convertible Senior Notes due 2035 that they have the option, following the terms of the Notes, to require Chesapeake to purchase on November 15, 2015 all or a portion of such holders’ Notes. The repurchase price is equal to 100% of the aggregate principal amount of the Note, together with accrued but unpaid interest thereon, up to but not counting the Repurchase Date, offered that interest payable on November 15, 2015 will be paid to the holders in whose names the Notes are registered at the close of business on November 1, 2015, the record date preceding to the Repurchase Date. Payment of the Repurchase Price will be made on November 16, 2015, which is the next succeeding business day following the Repurchase Date. If all outstanding Notes are surrendered for repurchase, the aggregate cash repurchase price will be about $396.0 million. Chesapeake intends to fund the Repurchase Price using accessible cash.
The Repurchase Option commences and expires at 5:00 p.m., New York time, on November 15, 2015. Holders may exercise the Repurchase Option by delivering a repurchase notice to The Bank of New York Mellon, the paying agent, before 5:00 p.m., New York time, on November 10, 2015. Holders may withdraw their election to exercise their Repurchase Option at any time preceding to 5:00 p.m., New York time, on November 13, 2015, which is the business day right away preceding the Repurchase Date. In order to exercise the Repurchase Option, or withdraw Notes formerly surrendered, a holder must follow the additional procedures set forth in the notice that is being sent to all registered holders of the Notes.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States.
At the end of Friday’s trade, Shares of Citigroup Inc (NYSE:C), declined -0.50% to $51.39.
It traded in a range of $50.93 and $52.02, exchanging hands with 14.34 million shares.
The stock is down -4.85% in this year through last close. In the trailing twelve months, net profit margin of the company was 19.90%.
Citigroup, NBC’s TODAY declared this morning the Citi Concert Series on TODAY, to provide year-round opportunities for millions of Citi customers, TODAY viewers and fans to enjoy live performances by their favorite artists. This new multi-year sponsorship brings together Citi’s and TODAY‘s decades of experience in live entertainment working with thousands of chart-topping artists.
Through the Citi Concert Series on TODAY, Citi and NBC News will create new ways for fans and Citi customers to experience live music, in addition to custom created-content via digital and social platforms and on-site activations. Citi customers will also have opportunities for exclusive access and VIP experiences at Citibank’s Rockefeller Plaza branch, adjacent to the TODAY plaza.
“Citi and TODAY share an appreciation for the transcendent power of music to bring people together,” said Ralph Andretta, Head of US Branded Cards, Citi. “Citi’s sponsorship teams our experience delivering unrivalled entertainment access with RECENTLY’s national platform, essential to how millions of Americans start their day, to delight fans across the country and here in New York City, Citi’s home for more than two hundred years.”
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide.
Finally, Shares of Denbury Resources Inc. (NYSE:DNR), ended its last trade with -3.63% loss, and closed at $3.72.
The stock, after recent close, is 9.75% above their SMA 50 and 25.82% from SMA20 and is -40.02% below than SMA200. The company has 0.73 value in price to sale ratio while price to book ratio was recorded as 0.30. It beta stands at 2.46.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide.
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