On Friday, Sears Holdings Corp (NASDAQ:SHLD)’s shares inclined 3.84% to $29.23.
Sears Holdings Corp (SHLD) declared that Seritage Growth Properties has commenced a rights offering for at least 53,298,899 Class A common shares of Seritage following a Registration Statement on Form S-11 (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”). The SEC declared the Registration Statement which effected on June 9, 2015.
Under the terms of the rights offering, Sears Holdings is distributing to its stockholders, at no charge, one transferable subscription right for every share of Sears Holdings common stock held of record as of 5:00 p.m., New York City time, on June 11, 2015, the formerly declared record date. Each subscription right entitles the holder thereof to purchase one half of one common share of Seritage for each share of Sears Holdings common stock owned as of the record date at a purchase price of $29.58 per whole share. In addition to being able to purchase their pro rata portion of the shares offered based on their ownership as of the record date for the rights offering, Sears Holdings stockholders may oversubscribe for additional Seritage common shares as described in the Registration Statement.
The proceeds from the rights offering will be used to fund a portion of the purchase price for the acquisition from Sears Holdings of 235 Sears- and Kmart-branded stores and Sears Holdings’ 50% interests in joint ventures with each of Simon Property Group, Inc., General Growth Properties, Inc. and The Macerich Company, which joint ventures collectively hold an additional 31 properties.
Sears Holdings Corporation operates as a retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, counting consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies.
ONEOK, Inc. (NYSE:OKE)’s shares dropped -0.59% to $39.04.
ONEOK, Inc. (OKE) the company declared and paid three dividends, and in January 2015, raised the dividend 7 percent.
Shareholders approved the following proposals:
- Election of three directors to the ONE Gas Board of Directors each for a three-year term;
- Selection of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2015;
- Performance aims and approval of the company’s executive compensation plan on an advisory basis; and
- Advisory votes on executive compensation will be conducted on a yearly basis.
ONE Gas trades on the New York Stock Exchange under the symbol “OGS,” and is comprised of in the S&P MidCap 400 Index.
ONE Gas provides natural gas distribution services to more than 2 million customers in Oklahoma, Kansas and Texas. ONE Gas is one of the largest publicly traded, 100 percent regulated, natural gas utilities in the United States.
ONE Gas, Inc. (OGS) is a natural gas distribution company and the successor to the company founded in 1906 as Oklahoma Natural Gas Company, which became ONEOK, Inc. (OKE) in 1980. On January 31, 2014, ONE Gas officially separated from ONEOK into a stand-alone, 100 percent regulated, publicly traded natural gas utility.
ONE Gas is headquartered in Tulsa, Okla., and its companies comprise the largest natural gas distributor in Oklahoma and Kansas, and the third largest in Texas, in terms of customers.
ONEOK, Inc. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
At the end of Friday’s trade, Bazaarvoice Inc (NASDAQ:BV)‘s shares dipped -1.24% to $6.37.
Quantcast, one of the world leaders in applying the power of big data and analytics to digital and mobile advertising, recently declared that respected and highly practiced industry leader, Stephen Collins, most recently CEO and director of e-commerce SaaS provider Bazaarvoice (BV), has been designated as Quantcast’s new chief financial officer. Over the last 18 months, Collins has acted as an advisor to the company’s executive leadership team and has developed a solid understanding of the company’s rapidly growing business.
Collins brings a diverse set of competencies and relevant industry experience to his new Quantcast role. In addition to his deep financial leadership experience as CFO at Bazaarvoice and DoubleClick, he has served as CEO of both private and public technology companies and has held the roles of chief information officer and chief strategy officer. Collins is also a director for a number of private technology companies counting Kenshoo, Mediaspectrum, iCitizen and Spendsetter. Prior to Collins being named CEO of Bazaarvoice, he served as CFO, leading the company’s 2012 IPO and follow-on offering. Before joining Bazaarvoice, Collins was CEO of Juris, Inc., a leading legal technology software provider attained by LexisNexis in 2007. Collins joined DoubleClick in 1997, assisting to lead its 1998 IPO before becoming CFO in 1999, later adding the chief information officer responsibilities, leading all research and development. Collins began his career with PricewaterhouseCoopers, before taking a financial leadership role at Colgate-Palmolive. He received his Bachelor of Science degree in Accounting from the University of Alabama.
Bazaarvoice, Inc. operates as a network that connects brands and retailers to the voices of people where they shop. The company offers its solutions through Bazaarvoice conversations platform, software as a service platform that enables clients to capture, display, and analyze online word of mouth, counting ratings and reviews, questions and answers, stories, photos, videos, long-format narratives, and other forms of consumer-generated content. It also provides Bazaarvoice connections solutions, such as BrandAnswers that allows brands to interact directly with consumers on retail Websites within the network to answer questions and provide suggestions on alternative products; and Review Response, which enables brands to interact with consumers by responding to reviews posted on retail Websites.
AOL, Inc. (NYSE:AOL), ended its Friday’s trading session with 0.02% gain, and closed at $49.96.
AOL Inc. (AOL) and Georgia-Pacific declared their partnership on a large-scale, digital custom content campaign for six of their portfolio brands counting: Angel Soft, Brawny, Dixie, Quilted Northern, Sparkle and Vanity Fair.
The aim of the partnership is to reach consumers in new ways, with content that is relevant to their lives, using industry-leading technology. The widespread content program sets out to meet various lifestyle interests of consumers from design to parenting tips.
The campaign, which covers a wide range of online activations counting native advertising, branded entertainment, contributor content, premium format display ads, and social media is Georgia-Pacific’s deepest endeavor into the marriage of programmatic technology and custom content to date.
AOL Inc. provides various digital brands, products, and services to consumers, advertisers, publishers, and subscribers worldwide. Its Brand Group segment offers original content produced by journalists, politicians, celebrities, academics, policy experts, freelance writers, and bloggers; curated content; curated and aggregated content from third parties; and user-generated content through AOL.com and The Huffington Post, and related sites, in addition to through Engadget and TechCrunch branded properties.
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