On Tuesday, Denison Mines Corp (NYSEMKT:DNN)’s shares declined -1.20% to $0.618.
Denison Mines Corp. (DNN) and Fission Uranium Corp. (FCUUF) declared the execution of a Binding Letter Agreement (the “Binding Agreement”) to combine their respective businesses (the “Transaction”). The Transaction creates a leading Canadian focused diversified uranium company - combining high quality assets and the administration teams of two highly respected companies. Headlining the asset portfolio of the combined company will be two world class uranium exploration and development projects: Fission’s 100% owned Patterson Lake South Project, and Denison’s 60% owned Wheeler River Project, both located in the prolific Athabasca Basin, in Northern Saskatchewan, Canada.
Subject to the terms set out in the Binding Agreement, Fission common shareholders will receive 1.26 common shares of Denison for each common share of Fission held plus $0.0001 per share in cash. Upon completion of the Transaction, the combined company, to be named “Denison Energy Corp.”, will be about 50% owned by each of Denison’s and Fission’s existing shareholders on a fully-diluted in-the-money basis. The market capitalization of Denison and Fission on a combined basis is anticipated to be about CAD$900 million. Based on the 30 day volume weighted average price of Denison’s shares on the TSX of CAD$0.99 as at July 3, 2015, the offer implies a price per Fission common share of CAD$1.25 and represents a premium of about 18% to the 30 day volume weighted average price of Fission’s shares on the TSX of CAD$1.06 as at July 3, 2015.
Denison Mines Corp. engages in uranium mining and related activities in Canada, Mali, Namibia, Zambia, and Mongolia. The company is involved in the acquisition, exploration, and development of uranium properties; and extraction, processing, and sale of uranium. Its principal assets comprise a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits; a 25.17% interest in the Midwest uranium project; and a 60% interest in the Wheeler River project in northern Saskatchewan.
Equity Residential (NYSE:EQR)’s shares gained 0.51% to $74.81.
Equity Residential (EQR) declared that the company will release its second quarter 2015 operating results on Tuesday, July 28, 2015 after the close of market and host a conference call to talk about those results on Wednesday, July 29, 2015 at 10:00 am Central. The conference call will be accessible via web cast on the Investor section of www.equityapartments.com.
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and administration of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia comprising of 152,821 units.
Globant (GLOB), a new-breed technology services provider focused on delivering innovative software, declared that, on April 27, 2015, the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 (the “2014 Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”). The 2014 Annual Report can be accessed by visiting either the SEC’s website at www.sec.gov or the Company’s website at http://investors.globant.com. In addition, shareholders may receive a hard copy of the Company’s complete audited financial statements free of charge upon request. Requests can be directed to: Globant S.A. 5, rue Guillaume Kroll L-1882 Luxembourg.
Globant S.A. develops software solutions in the United States, Europe, and Latin America. It designs and develops Internet-based solutions, such as e-commerce applications, consumer application, and portals; games, social, and digital platforms that function across Web, and mobile channels; big data and high performance solutions; enterprise solutions, which comprise talent development solutions, open collaboration, enterprise operations, and enterprise cloud development solutions; design methodologies and creative services, counting service, user experience, visual, and industrial design, and creative direction services; and mobile applications and user interfaces.
Hain Celestial Group Inc (NASDAQ:HAIN), ended its Tuesday’s trading session with 0.29% gain, and closed at $68.35.
Celestial Seasonings®, a brand of The Hain Celestial Group, Inc. (NASDAQ: HAIN), proudly declared that nine of its teas–counting Sleepytime® Herbal Tea, the all-time bestselling item in the Specialty Tea category–have received Non-GMO Project Verification. This declarement is the first step in an ongoing process through which the brand intends to achieve Non-GMO Project Verification for all of its bagged specialty teas.
Founded in Boulder, Colorado in 1969, Celestial Seasonings, Inc., was one of the pioneers of the burgeoning natural foods movement and first popularized herbal teas in North America. In recent years, the brand and its parent company, Hain Celestial, have been vocal supporters of “right to know on GMOs” initiatives around the country, counting California Proposition 37 and Colorado Proposition 105. More recently, Hain Celestial’s Founder and Chief Executive Officer, Irwin D. Simon, was among 125 business leaders as part of the Just Label It! Campaign who implored the Obama Administration to direct the U.S. Food and Drug Administration (FDA) to require food companies to label products that contain genetically modified organisms (commonly called GMOs).
The Hain Celestial Group, Inc., together with its auxiliaries, manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Its grocery products comprise infant formula, rice, non-dairy beverages, frozen desserts, flour and baking mixes, breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola and cereal bars, canned, chilled fresh, aseptic and instant soups, and greek-style yogurt, in addition to infant, toddler, and kids foods.
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