On Wednesday, Liberty Global plc - Class C Ordinary Shares (NASDAQ:LBTYK)’s shares declined -1.63% to $46.17.
Liberty Global plc - Class C Ordinary Shares (LBTYK) declared that, following regulatory approval, it has consummated its formerly declared acquisition of 100% of the parent of Puerto Rico Cable Acquisition Company Inc., dba Choice Cable TV (“Choice”), the second largest cable and broadband services provider in Puerto Rico. The combination of Choice’s operations with those of Liberty Cablevision of Puerto Rico LLC (“LCPR”), which is 60% owned by Liberty Global and 40% owned by funds managed by Searchlight Capital Partners, L.P., creates the largest cable operator on the island with over one million homes passed1, serving about 750,000 revenue generating units (“RGUs)1 and generating over $390 million of annual revenue.
As formerly revealed, the purchase price of about $272.5 million before transaction costs and other adjustments represents a multiple of about 6 times our estimate of Choice’s 2015 full-year operating cash flow, as customarily defined by Liberty Global and adjusted for the projected annual impact of synergies following full integration. The transaction was largely funded through incremental debt borrowings of about $267.5 million at the combined Puerto Rican business, and equity contributions from Liberty Global and Searchlight of $10.2 million and $6.8 million, respectively.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
Duke Energy Corp (NYSE:DUK)’s shares dropped -0.60% to $74.82.
Duke Energy Florida owns coal-fired and natural gas generation providing about 9,000 megawatts of owned electric capacity to about 1.7 million customers in a 13,000-square-mile service area.
With its Florida regional headquarters located in St. Petersburg, Fla., Duke Energy is the largest electric power holding company in the United States with about $120 billion in total assets.
A sweltering hot Florida summer can cause your electric bill to jump as your air conditioning battles high humidity and temperatures comprising north of 90 degrees. But, you can survive the heat and your summer energy bills by following these simple tips from Duke Energy Florida.
Try these money-saving tips to assist reduce your electric use and save as the temperature rises:
- Set your thermostat to the highest comfortable setting. Energy used to cool a home during summer can account for half of a monthly electric bill. Adjusting your thermostat to 76 degrees from 73 degrees saves more than 15 percent in electricity costs. When leaving for the day, turn the setting up a few degrees.
- Keep the AC fan switch set to “auto” and save up to $25 a month as compared to leaving it set to “on” continuously as many people do.
- Change your air filters regularly. A dirty air filter can make a cooling system work harder, which uses more energy.
- Close blinds, drapes and shades during the hottest part of the day to keep the sun’s rays from heating the inside of your home.
- Turn off unnecessary lights, and use energy-efficient light bulbs that use less electricity and emit less heat.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.
At the end of Wednesday’s trade, International Business Machines Corp. (NYSE:IBM)‘s shares dipped -1.10% to $163.18.
IBM (NYSE: IBM) has signed a five-year IT services agreement counting cloud, mobile, analytics and security technologies with Columbia Pipeline Group, Inc. (CPGX) supporting the company’s continued growth as an independent energy company.
On July 1, CPG accomplished the separation of its natural gas pipeline, midstream and storage business from energy infrastructure company NiSource Inc. As a stand-alone, publicly traded company, CPG is rapidly expanding its operations to serve new and existing customers and markets, with net asset investments predictable to grow from about $4.6 billion in 2015 to about $13.5 billion by 2020.
Under a technology agreement valued at $180 million, IBM will deliver a range of services to provide the technology infrastructure CPG needs to operate as an autonomous business and support its growth plans.
The agreement calls for IBM to move CPG’s IT infrastructure and business applications — counting human resources, billing and finance, pipeline operations and IT administration — from NiSource’s data centers into a private cloud in an IBM data center in Columbus, Ohio. IBM also will separate CPG’s networks from NiSource and manage CPG’s integrated IT environment going forward. The solution comprises the core data center and IBM Cloud infrastructure, network services, assist desk, end user services, intelligent security platforms, mobile device administration, and operational analytics.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterprise applications, and smarter analytics; and application administration, maintenance, and support services.
3M Co (NYSE:MMM), ended its Wednesday’s trading session with -1.72% loss, and closed at $152.75.
As the next step in its ongoing program to license to the dental industry 3M’s patented technologies in various areas of ceramic-based dental restorations, 3M has filed a patent infringement lawsuit in Düsseldorf, Germany. On June 23, 2015, 3M filed a patent infringement lawsuit in Düsseldorf, Germany, against Zirkonzahn Deutschland GmbH located in Neuler, Germany, and Zirkonzahn SRL located in Gais, South Tyrol, Italy. The lawsuit alleges infringement of 3M’s European Patent No. 1 154 969 B2 by using Zirkonzahn’s instructions for sintering of Zirkonzahn’s zirconia blocks. 3M’s patented technology enables dimensionally precise sintering of dental ceramics.
3M is committed to improving oral care through continuous R&D investments. The company’s dental division, 3M ESPE, has been recognized as the most innovative dental company for the past 10 years by the Anaheim Group. This distinction is awarded based on the number of patent filings, 510k clearances and new product introductions.
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
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