On Wednesday, Shares of Scorpio Bulkers Inc. (NYSE:SALT), lost -26.27% to $1.60.
Scorpio Bulkers, declared that it has priced its formerly declared underwritten public offering of 133,000,000 shares of common stock, par value $0.01 per share at $1.50 per share. Scorpio Services Holdings Limited and certain of our executive officers have agreed to purchase an aggregate of 10,000,000 Common Shares at the public offering price. The Offering is predictable to close on June 16, 2015.
All or substantially all of the net proceeds of the Offering are predictable to be used to fund installment payments due under the Company’s Newbuilding Program. Any net proceeds of the Offering not used for installment payments are predictable to be used for general corporate purposes and working capital.
The Company has granted the underwriters a 30-day option to purchase up to an additional 19,950,000 Common Shares.
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 comprising of one Capesize, three Kamsarmax, and four Ultramax vessels.
Shares of Baxter International Inc. (NYSE:BAX), inclined 3.03% to $66.02, during its last trading session.
Baxter International, issued its 16th annual Sustainability Report detailing the company’s progress creating social, environmental and economic value by addressing the needs of stakeholders worldwide.
Baxter’s 2014 Sustainability Report, accessible at baxter.com/sustainability-report, highlights recent actions taken by the company that align with its nine sustainability priorities, which comprise strengthening access to healthcare, creating an inclusive workplace and enhancing math and science education. Priorities also comprise a range of environmental initiatives such as reducing greenhouse gas emissions, waste generation, and water use. Baxter’s Sustainability Report is aligned with the Global Reporting Initiative G3 Guidelines, which provide a uniform and transparent set of metrics to systematically report on sustainability initiatives and results.
Baxter International Inc., develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. The company’s BioScience segment processes recombinant and plasma-based proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies, alpha-1 antitrypsin deficiency, burns and shock, and other chronic and acute blood-related conditions; and biosurgery products.
Finally, Office Depot, Inc. (NASDAQ:ODP), ended its last trade with 0.99% gain, and closed at $9.20.
Office Depot, found that while nearly two-thirds (61 percent) of small business owners (SMBs) plan to take a vacation this summer, 76 percent will stay connected to their work in some way while out of the office.
According to the latest Office Depot Small Business Index, 66 percent of SMBs find it difficult, at least sometimes, to take time off from work during the summer. More than half of those who do take time off stay connected by working on their laptops and checking email on their phones.
“Office Depot recognizes the benefits of work-life balance for small business owners,” said Tonya Hood, small business expert for Office Depot, Inc. “Taking vacation time during the summer can be important to maintaining a successful business, work environment and office productivity.”
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
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