On Monday, Shares of Arch Coal Inc (NYSE:ACI), gained 13.40% to $9.31.
Arch Coal declared the extension of its (i) pending private offer to exchange new 6.25% Trust Certificates due 2021 and a cash payment for any and all of its outstanding 7.25% Senior Notes due 2020 and (ii) pending concurrent private offer to exchange Trust Certificates, 8.00% Senior Secured Notes due 2022 and 12.00% Senior Secured Second Lien Notes due 2023 for its outstanding 7.000% Senior Notes due 2019, 9.875% Senior Notes due 2019 and 7.250% Senior Notes due 2021.
The 2020 Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on August 28, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on September 23, 2015. The Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on August 28, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on September 23, 2015. Additionally, the Early Tender Time for the Concurrent Exchange Offer, formerly set to expire at 12:00 midnight, New York City time, on August 28, 2015, has been extended and is now set to expire at 12:00 midnight, New York City time, on September 23, 2015. The Withdrawal Deadline for the Exchange Offers has passed, so 2020 Notes tendered in the 2020 Exchange Offer and Old Notes tendered in the Concurrent Exchange Offer may no longer be withdrawn.
As of 5:00 p.m. New York City time on August 28, 2015, about $421 million aggregate principal amount of 2020 Notes have been validly tendered following the 2020 Exchange Offer, and about $491 million aggregate principal amount of Old 7.000% 2019 Notes, $173 million aggregate principal amount of Old 9.875% 2019 Notes and $402 million aggregate principal amount of Old 7.250% 2021 Notes have been validly tendered following the Concurrent Exchange Offer.
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2014, it operated or contracted out the operation of 16 mines; and owned or controlled about 5.1 billion tons of proven and probable recoverable reserves.
Shares of Cypress Semiconductor Corporation (NASDAQ:CY), declined -0.89% to $10.00, during its last trading session.
Cypress Semiconductor Corp., declared that Executive Vice President of Finance and Chief Financial Officer Thad Trent and Vice President of Finance Rahul Mathur will discuss Cypress’s business and planned outlook at the 2015 Citi Technology Conference on September 9. The presentation will start at 11:45 a.m. Eastern Time at the New York Hilton Midtown hotel.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The companys Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
Finally, Martin Marietta Materials, Inc. (NYSE:MLM), ended its last trade with 1.39% gain, and closed at $167.80.
Martin Marietta Materials, declared a regular quarterly cash dividend of $0.40 (forty cents) per share on the Corporation’s common stock. This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable September 30, 2015, to shareholders of record at the close of business on September 1, 2015.
Martin Marietta, an American-based company and a member of the S&P 500 Index, is a leading supplier of aggregates and heavy building materials, with operations spanning 32 states, Canada and the Caribbean. Dedicated teams at Martin Marietta supply the resources for the roads, sidewalks and foundations on which we live. Martin Marietta’s Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products.
Martin Marietta Materials, Inc., together with its auxiliaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. It operates through Mid-America Group, Southeast Group, West Group, Cement, and Magnesia Specialties segments.
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