On Wednesday, Scorpio Bulkers Inc (NYSE:SALT)’s shares declined -0.61% to $1.62.
Scorpio Bulkers Inc (SALT) declared that its Board of Directors has unanimously adopted a stockholder rights plan (the “Rights Plan”) and declared a dividend distribution of one preferred share purchase right on each outstanding share of the Company’s common stock. The Rights Plan has a term of one year.
The Board of Directors adopted the Rights Plan in order to assist promote the fair and equal treatment of all stockholders and enable them to realize the long-term value of their investment in the Company. The Rights Plan is also designed to reduce the likelihood that any person or group would gain control of the Company through open market accumulation or other coercive tactics without paying an appropriate control premium. The Rights Plan is not intended to interfere with any transaction approved by the Board of Directors. The Board of Directors is committed to acting in the best interests of all of the Company’s stockholders.
Scorpio Bulkers Inc., together with its auxiliaries, engages in the marine transportation of dry bulk commodities. Its fleet transports a range of major and minor bulk commodities, counting ores, coal, grains, and fertilizers along worldwide shipping routes. As of April 02, 2015, the company owned eight vessels compriseing of one Capesize, three Kamsarmax, and four Ultramax vessels; had time charters-in 13 dry bulk vessels comprised of one Handymax, one Ultramax, three Supramax, two Panamax, three Kamsarmax, and three Post-Panamax vessels; and contracted for 63 dry bulk vessels, which comprised of 25 Ultramax, 20 Kamsarmax, and 18 Capesize vessels from shipyards in Japan, South Korea, China, and Romania. Scorpio Bulkers Inc. was founded in 2013 and is based in Monaco.
Ventas, Inc. (NYSE:VTR)’s shares gained 0.81% to $62.57.
Ventas, Inc. (VTR) declared that it will issue its second quarter 2015 earnings release prior to the opening of trading on the New York Stock Exchange on Friday, July 24, 2015. A conference call to talk about those earnings will be held the same day at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, administration, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The firm primarily invests in healthcare-related facilities counting hospitals, skilled nursing facilities, senior housing facilities, medical office buildings, and other healthcare related facilities. Ventas, Inc. was founded in 1983 and is based in Chicago, Illinois with additional offices in Irvine, California; Louisville, Kentucky; Charlotte, North Carolina; and Dallas, Texas.
At the end of Wednesday’s trade, Barclays PLC (ADR) (NYSE:BCS)‘s shares surged 1.13% to $16.62.
Barclays PLC (BCS) declared that during the Index rebalance that commences following the close of business on Friday, July 10, 2015, the following index constituent will be removed from the Atlantic Trust Select MLP Index (the “Index”):
- Enable Midstream Partners, LP (ENBL)
The Barclays ETN+ Select MLP ETNs are linked to the performance of the Volume-Weighted Average Price (“VWAP”) of the Index. The ETNs were listed on the NYSE Arca stock exchange in March 2013 under the ticker symbol ATMP. An investment in the ETNs involves noteworthyrisks, counting possible loss of principal, and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. The ETNs are speculative and may exhibit high volatility. The ETNs are also subject to certain investor fees, which will have a negative effect on the value of the ETNs. You are not guaranteed to receive coupon payments on the ETNs. You will receive a coupon payment on a coupon payment date only to the extent that the accrued dividend exceeds the accrued investor fee on the relevant coupon valuation date.
Barclays PLC, through its auxiliaries, provides various financial products and services worldwide. It offers personal and corporate banking, mortgage, and wealth and investment administration services to individuals and businesses; consumer payments products and services to consumers and merchants; and retail and business banking, corporate and investment banking, and wealth administration and insurance services. The company also provides brokerage and risk administration services across various asset classes, counting equity and fixed income, currency, and commodity products; planned advice on mergers and acquisitions, corporate finance, and planned risk administration solutions; and multi-asset class and macro-economic research services, in addition to offers credit cards and wholesale banking.
Constellation Brands, Inc. (NYSE:STZ), ended its Wednesday’s trading session with 0.10% gain, and closed at $116.14.
Constellation Brands, Inc. (STZ) declared that Executive Vice President and Chief Financial Officer (CFO) Bob Ryder is leaving the company after the completion of the company`s first quarter 10-Q filing. David Klein has been promoted to Executive Vice President and Chief Financial Officer.
As the new CFO, David Klein will join Constellation`s Executive Administration Committee and report directly to Sands. Klein joined Constellation in 2004 and most recently served as CFO for the company`s Beer Division. His previous roles with Constellation comprise SVP, Treasurer and Controller in addition to CFO for the company`s former European business. Prior to his tenure at Constellation, Klein held the CFO role at Montana Mills.
Ryder`s departure from the company is an amicable one and is unrelated to the company`s financial performance or financial reporting. Ryder and Klein will work together to ensure a smooth transition.
Constellation Brands, Inc., together with its auxiliaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, counting table wine, sparkling wine, and dessert wine. Its wine brands comprise Arbor Mist, Black Box, Blackstone, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Mount Veeder, Nobilo, Ravenswood, Rex Goliath, Robert Mondavi, Ruffino, Simi, Toasted Head, and Wild Horse; and Spirits Brands comprise Black Velvet Canadian Whisky and Svedka Vodka.
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