On Tuesday, American Tower Corp (NYSE:AMT)’s shares declined -0.82% to $92.07.
American Tower Corp (AMT) declared that its board of directors has declared its quarterly cash distribution of $0.44 per share on shares of the Company’s common stock. The distribution is payable on July 16, 2015 to such stockholders of record at the close of business on June 17, 2015.
American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries. American Tower Corporation was founded in 1995 and is headquartered in Boston, Massachusetts.
Kraft Foods Group Inc (NASDAQ:KRFT)’s shares gained 0.79% to $84.01.
H.J. Heinz Company and Kraft Foods Group (KRFT) declared recently the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”), as amended, has expired with regard to their formerly declared projected merger.
The expiration of the HSR Act waiting period satisfies one of the conditions to the closing of the projected transaction, which remains subject to approval by Kraft shareholders, antitrust clearance in Canada and other customary closing conditions.
Kraft will hold a special meeting of shareholders to vote on the merger on July 1, 2015. Additional information concerning the projected merger and the special meeting is comprised of in the definitive Proxy Statement/Prospectus, which was filed with the Securities and Exchange Commission on June 2, 2015 and mailed to Kraft shareholders who are entitled to vote on the proposal.
Kraft Foods Group, Inc. operates as a consumer packaged food and Beverage Company. It operates through six segments: Cheese, Refrigerated Meals, Beverages, Meals & Desserts, Enhancers & Snack Nuts, and Canada. The company provides natura, cream, processed, grated and shredded, and cottage chesses, in addition to sour creams; cold cuts, hot dogs, bacons, and protein packs; lunch combinations, pickles, and meat alternatives; coffees, hot beverage systems, packaged juice drinks, powdered beverages, and liquid concentrates; and refreshment beverages.
At the end of Tuesday’s trade, Energy Transfer Partners LP(NYSE:ETP)‘s shares surged dipped 0.42% to $55.36.
, Energy Transfer Partners LP (ETP) offered further details on its formerly declared Revolution Project that will significantly enhance its operations in the growing Marcellus and Upper Devonian production areas of Western Pennsylvania. ETP has reached long-term gas gathering, processing, and fractionation agreements with EdgeMarc Energy. To facilitate these agreements, ETP has purchased about twenty miles of high pressure pipeline from EdgeMarc and will build a new cryogenic gas processing plant, a new fractionators and additional gas gathering pipelines.
ETP plans to construct about 100 miles of high pressure 24- and 30-inch rich gas pipeline providing a total gathering system capacity in excess of 440 million cubic feet per day. The Revolution Pipeline originates in Butler County, Pennsylvania and will extend to ETP’s Revolution Plant, a new cryogenic gas processing plant to be constructed in Western Pennsylvania. The Revolution Plant is predictable to be in-service by the second quarter of 2017 and will allow for future processing growth for additional third party gas.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system. This segment owns and operates about 7,700 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas.
Level 3 Communications, Inc. (NYSE:LVLT), ended its Tuesday’s trading session with 0.18% gain, and closed at $54.59.
Verne Global, a developer of energy efficient data centres, has turned to Level 3 Communications, Inc. (LVLT) to implement an Internet Protocol (IP)-driven Point-of-Presence (PoP) in Iceland. The partnership will assist meet demand from Verne Global’s customers to connect to more than 40 new countries accessible through direct connectivity to Level 3’s global network.
Verne Global, with its carrier-neutral campus located in Iceland, is committed to offer customers connectivity on a worldwide scale. Level 3 served customers with Content Delivery Network (CDN) services via Reykjavik, but did not have an existing IP-driven PoP connecting to its global network in Iceland – leading both companies to explore how to connect the Level 3 infrastructure into Verne Global’s data centre campus.
Once the connection of the Level 3 network into Verne Global’s Iceland data centre campus is complete, Verne Global’s customers will be able to access Level 3’s global network and extensive portfolio of IP, Virtual Private Network, CDN, cloud and partnership solutions.
Level 3 Communications, Inc., together with its auxiliaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. The company provides transport services comprising wavelengths, private lines, transoceanic, and dark fiber, in addition to related professional services; fiber services; and colocation and data center services, such as cloud, hosting, and application administration solutions.
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