On Wednesday, Shares of Standard Pacific Corp. (NYSE:SPF), gained 403.14% to $40.00.
Standard Pacific Corp. and The Ryland Group, two of the nation’s premier homebuilders, declared the closing of their merger of equals transaction and the launch of their combined consumer brand, CalAtlantic Homes. The formerly declared merger of equals creates a single company, CalAtlantic Group, Inc. (NYSE:CAA), that as of June 30, 2015, had an equity market capitalization of about $5.4 billion, an enterprise value of about $8.4 billion, and owned or controlled about 76,000 homesites. In the 12 months ended June 30, 2015, the pro forma combined company delivered more than 12,786 homes in the aggregate with combined pro forma revenues of $5.2 billion.
CalAtlantic Group, Inc. Executive Chairman Scott D. Stowell said, “Combining two industry leaders with nearly 100 years of homebuilding experience puts us in a strong position to benefit from the continued housing market recovery. With this merger we gain both geographic and product diversification, expanding our reach and enhancing our growth prospects in the entry level, move-up and luxury market segments.”
Standard Pacific Corp. operates as a builder of single-family attached and detached homes in the United States. It constructs homes for various homebuyers primarily move-up buyers in metropolitan markets in California, Florida, the Carolinas, Texas, Arizona, and Colorado.
Shares of The Western Union Company (NYSE:WU), inclined 1.41% to $18.35, during its last trading session.
The Western Union Company, the nation’s largest drugstore chain, this month launched Western Union Bill Payment services staged via digital self-service kiosks, allowing customers to make payments to 15,000 billers across the United States and beyond.
Customers can access Western Union services via Walgreens self-service kiosks where they can pay bills and also use existing Western Union international and domestic money transfer services. The kiosks are located in more than 7,800 Walgreens and Duane Reade locations in the United States, Puerto Rico and the US Virgin Islands and are the same kiosks where photo and BalanceTM Financial services are offered.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions.
At the end of Wednesday’s trade, Shares of T-Mobile US Inc (NYSE:TMUS), gained 0.61% to $39.80.
J.Braxton Carter, Executive Vice President and Chief Financial Officer of T-Mobile US, Inc. (TMUS), spoke at 11:40 a.m. Eastern Daylight Time on Wednesday, September 30th at the Deutsche Bank 23rd Annual Leveraged Finance Conference in Scottsdale, AZ.
T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets.
Finally, Golar LNG Limited (USA) (NASDAQ:GLNG), ended its last trade with 5.57% gain, and closed at $27.88.
Golar LNG Limited, declared that its Cameroon floating liquefied natural gas project has reached a major milestone with the final approval by all parties of the Gas Convention for the project. This final investment decision commits the project to a targeted start date for commissioning of second quarter, 2017.
At a signing ceremony in Yaounde, Cameroon on Wednesday, September 30, Cameroon’s state owned oil and gas company Societe Nationale des Hydrocarbures (“SNH”), Perenco Cameroon (“Perenco”), Golar Hilli Corporation and Golar Cameroon (together “Golar”) executed a fully effective and binding Gas Convention with the Republic of Cameroon which endorses and governs the installation and operation of the GoFLNG vessel in Cameroon waters offshore of Kribi.
The binding Tolling Agreement having already been agreed between Golar and Perenco, is predictable to be formally approved by the 25% upstream partner SNH imminently. This agreement establishes the terms under which Golar shall provide liquefaction, storage, and off-loading services to SNH and Perenco as upstream joint venture partners.
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates in three segments: Vessel Operations, LNG Trading, and FLNG.
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