On Monday, Shares of Office Depot Inc (NASDAQ:ODP), gained 1.41% to $7.93.
Staples, Inc. and Office Depot, Inc., declared that they have certified substantial compliance with the Request for Additional Information from the United States Federal Trade Commission regarding the projected merger between Staples and Office Depot.
Additionally, Staples and Office Depot have reached a timing agreement with the FTC following which Staples and Office Depot have agreed not to close the projected merger until at least forty-five full calendar days after each company has certified substantial compliance with the Second Request.
“We are happy to have accomplished our submission of documents and information to the FTC in connection with the Second Request,” said Ron Sargent, chairman and chief executive officer, Staples. “We will continue to work closely with the FTC, and we look forward to concluding the transaction.”
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
Shares of Cliffs Natural Resources Inc (NYSE:CLF), inclined 3.66% to $3.97, during its last trading session.
Cliffs Natural Resources Inc., declared the expiration of and final results for its offer to purchase for cash up to $123,694,000 of its outstanding 3.95% Senior Notes due 2018. The Tender Offer expired at midnight, New York City time, on August 27, 2015.
According to information received from Global Bondholder Services Corporation, the Information Agent and Depositary for the Tender Offer, as of the Expiration Date, the total aggregate principal amount of the Notes validly tendered and not validly withdrawn was $124,839,000 (the “Tendered Amount”), which exceeded the Maximum Amount. The Tendered Amount comprises $123,694,000 aggregate principal amount of the Notes validly tendered as of 5:00 p.m., New York City time, on August 13, 2015 (the “Early Tender Date”) and $1,145,000 aggregate principal amount of the Notes validly tendered after the Early Tender Date but preceding to the Expiration Date. Because the Maximum Amount was exceeded by no more than two percent of such amount, all Notes tendered in the Tender Offer will be accepted for purchase. In addition to the Total Consideration or Tender Offer Consideration (each as defined in the Offer to Purchase), holders of Notes accepted for purchase will also receive accrued and unpaid interest up to, but not counting, the payment date for the Notes. The conditions to the Tender Offer have been satisfied; therefore, payment for the purchased Notes will be made recently.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
Finally, Torchmark Corporation (NYSE:TMK), ended its last trade with - 0.78% loss, and closed at $58.46.
Liberty National Life Insurance Company headquartered in McKinney, TX, in partnership with Agency Owner Vickie Ketron, donated $5,000 to benefit The Oasis of Kingsport. As part of the Company’s Closer to the Heart charitable giving program, Liberty National gave $5,000 to support services offered to women who find themselves in times of trouble, difficult times, or in desperate situations.
Torchmark Corporation (TMK)
- Member of the S&P 500 Index
- Ranked #621 Fortune 1000 company – 2014
- Ranked #28 on Dallas Morning News 2014 Top 150 D/FW Companies list
- Ranked #64 on 2014 Texas 1000 list
Torchmark Corporation associates comprise:
- Liberty National Life Insurance Company
- American Income Life Insurance Company
- Globe Life And Accident Insurance Company
- United American Insurance Company
- Family Heritage Life Insurance Company
Torchmark Corporation, through its auxiliaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through Life Insurance, Health Insurance, Medicare Part D, and Annuities segments. The Life Insurance segment offers life insurance products, counting traditional and interest-sensitive whole life and term life insurance.
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