On Friday, Ocean Rig UDW Inc (NASDAQ:ORIG)’s shares inclined 1.87% to $7.08.
Ocean Rig UDW Inc (ORIG) declared that it has launched an offering of its common stock, par value $0.01 per share. As part of this offering, George Economou, our Chairman, President and Chief Executive Officer, has indicated his intention to purchase, at the public offering price, a number of common shares that maintains his direct ownership in Ocean Rig, representing about five percent of its common stock.
Clarksons Platou Securities, Inc., Pareto Securities Inc. and Seaport Global Securities LLC are acting as joint lead managers, joint bookrunners and placement agents in the offering. Clarksons Platou Securities AS and Pareto Securities AS are acting as placement agents. Clarksons Platou Securities AS and Pareto Securities AS are not U.S. registered broker-dealers and to the extent that this offering is made within the United States, their activities will be effected only to the extent permitted by Rule 15a-6 of the Securities Exchange Act of 1934, as amended. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, counting the acquisition of drilling rigs.
Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development, and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. As of December 31, 2014, the company operated a fleet of two ultra-deepwater drilling rigs and seven drillships.
Pepco Holdings, Inc. (NYSE:POM)’s shares dropped -0.22% to $27.04.
The Delaware Public Service Commission (PSC) issued an order approving the merger between Exelon Corporation (EXC) and Pepco Holdings Inc. (POM) upon the terms set forth in the parties’ application, as amended by the Amended Settlement Agreement filed with the PSC on April 7, 2015. This action follows the Commission’s deliberations on May 19, 2015, when the Commission voted to approve the Amended Settlement Agreement. Recently order approves the merger and authorizes the consummation of the merger. A further order with the PSC’s specific grounds for approval will follow at a later date. The companies declared their projected merger on April 30, 2014, and presented their application to merge to the PSC on June 18, 2014.
The Amended Settlement Agreement was filed by Exelon, PHI and Delmarva Power on April 7, 2015, and signed by PSC Staff, the Delaware Public Advocate, the Department of Natural Resources and Environmental Control (DNREC), the Delaware Sustainable Energy Utility, the Mid-Atlantic Renewable Energy Coalition and the Clean Air Council. The terms provide more than $42 million in direct benefits, deliver noteworthy economic benefits to Delaware and Delmarva Power customers, promote energy efficiency, enhance reliability, support workforce development and promote the public interest.
Pepco Holdings, Inc., through its auxiliaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. In addition, the company designs, constructs, and operates energy projects and distributed generation equipment, counting combined heat and power plants principally for federal, state, and local government customers.
At the end of Friday’s trade, Credit Suisse Group AG (ADR) (NYSE:CS)‘s shares dipped -2.15% to $27.33.
Credit Suisse Group AG (ADR) (CS) was up 0.83% in May.
The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to reflect the performance of the overall hedge fund industry, finished up 0.83% in May. The Long/Short Equity strategy was the strongest performer, finishing up 1.28% in May. The Managed Futures strategy remains the highest performer year-to-date, up 7.81%.
Credit Suisse Group AG, together with its auxiliaries, provides various financial services to private, corporate, institutional, government clients, and high-net-worth individuals, in addition to affluent and retail clients worldwide. The company operates through two segments, Private Banking & Wealth Administration and Investment Banking. The Private Banking & Wealth Administration segment offers a range of advice and financial solutions, counting structured advisory to high-net-worth clients; banking products, such as lending, cash and liquidity administration, trade finance, ship and aviation finance, corporate finance, investment solutions, custody, and asset and liability administration; and investment solutions and services to pension funds, governments, foundations and endowments, corporations, and individuals.
Stratasys, Ltd. (NASDAQ:SSYS), ended its Friday’s trading session with 6.56% gain, and closed at $37.99.
Stratasys, Ltd. (SSYS) a leading global provider of 3D printing and additive manufacturing solutions, declared a joint marketing partnership in North America with Creaform, a worldwide leader in portable 3D measurement solutions.
This new partnership empowers users to leverage cutting-edge 3D scanning technology and world-class 3D printing technology designed to streamline the process across various industries and applications.
With a professional-grade solution, the user is able to accurately scan any 3D object and quickly generate print-ready files or even perform direct 3D-scan-to-print. Example applications comprise:
- Product design: reverse engineering and prototyping;
- Manufacturing: development of custom dies and molds, and the fabrication of jigs and fixtures;
- Health care: design of prosthetics, orthotics, surgical aids and guides;
- Education: mechanical engineering and design curriculums.
Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. Its AM systems utilize its patented fused deposition modeling and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from three-dimensional (3D) CAD files or other 3D content.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
