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Friday 19 June 2015
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Pre-Market News Alert on: The Coca-Cola Company, (NYSE:KO), MetLife, (NYSE:MET), Canadian Natural Resources Limited, (NYSE:CNQ)

On Tuesday, Shares of The Coca-Cola Company (NYSE:KO), gained 1.24% to $40.08.

This summer, Los Angeles will welcome 7,000 inspirational athletes from 177 different countries to the 2015 Special Olympics World Summer Games. Supporting children and adults with intellectual disabilities, the World Games is the largest sports and humanitarian event on the globe.

To celebrate, The Coca-Cola Company, Founding Partner of Special Olympics, has assembled a star-studded team to record a unified song for the World Games, titled “Reach Up.” The new song debuts recently and will be performed during the World Games. ESPN is the official broadcaster of the World Games and will have a three-hour live telecast of the Opening Ceremony starting at 9 p.m. ET featuring Robin Roberts, co-host of ABC’s “Good Morning America,” and ESPN’s Lindsay Czarniak and Kevin Negandhi.

Inspired by Special Olympics Unified Sports – a program that brings athletes with and without intellectual disabilities together on the same team to compete – “Reach Up” embodies the values of optimism, acceptance and inclusion shared by Coca-Cola and Special Olympics.

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.

Shares of MetLife, Inc. (NYSE:MET), inclined 1.37% to $56.33, during its last trading session.

MetLife, declared an amendment to the tender offer for its 6.500% Non-Cumulative Preferred Stock, Series B (CUSIP No. 59156R603), par value $0.01 per share and liquidation preference $25.00 per share. The Series B Preferred Shares are listed on the NYSE under the symbol “METPrB.” The tender offer is being modified from an offer to purchase any and all of its 60,000,000 outstanding Series B Preferred Shares to an offer to purchase up to 59,850,000 Series B Preferred Shares, so that as a result of the tender offer the Series B Preferred Shares will not be removed from listing on the NYSE. The tender offer is being made solely following the Offer to Purchase dated June 1, 2015, as amended and supplemented on June 12, 2015, and the accompanying Letter of Transmittal, as amended and supplemented. The terms and conditions of the tender offer are more fully set forth in those documents.

Upon and subject to the conditions set forth in the Offer to Purchase, MetLife is offering to pay a purchase price of $25.00 per Series B Preferred Share, plus an amount equal to accrued, unpaid and undeclared dividends from, and counting, June 15, 2015 to, but not taking into account, the settlement date for the tender offer, for up to 59,850,000 Series B Preferred Shares properly tendered and not properly withdrawn. MetLife presently anticipates the settlement date of the tender offer to be June 29, 2015.

The tender offer will expire at 12:00 midnight, New York City time, on June 26, 2015 (which is the end of the day on June 26, 2015), unless the tender offer is extended or earlier terminated by MetLife.

MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.

Finally, Canadian Natural Resources Limited (NYSE:CNQ), ended its last trade with 0.46% gain, and closed at $28.40.

Canadian Natural Resources Limited, declared that on June 3, 2015 it priced C$500 million principal amount of notes through the reopening of its 2.89% medium-term notes, series 2, due August 14, 2020 sold at a price of C$101.932 per $100 principal amount to yield 2.49% to maturity, which have been sold to investors in Canada.

Net proceeds from the sale of the notes will be used for general corporate purposes regardingthe Company’s core regions of operations. The Company may also use the net proceeds for repayment of indebtedness.

CIBC World Markets Inc. and RBC Dominion Securities Inc. acted as joint lead agents and joint bookrunners for the offering. BMO Nesbitt Burns Inc., Scotia Capital Inc., Altacorp Capital Inc., Desjardins Securities Inc., and Merrill Lynch Canada Inc. acted as co-agents.

The sale of the notes was the second issuance under the Canadian base shelf prospectus dated November 1, 2013 that allows for the issuance of debt securities in an aggregate principal amount of up to C$3 billion.

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO).

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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.

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