On Monday, Diamond Offshore Drilling Inc (NYSE:DO)’s shares declined -2.40% to $24.84.
Loews Corporation is a diversified company with three publicly-traded auxiliaries: CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc. (DO). Loews Corporation will report second quarter 2015 financial results on Monday, August 3, 2015. A conference call for analysts and investors will start at 11:00 a.m. EDT and will be hosted by the Company’s chief executive officer, James S. Tisch, and chief financial officer, David B. Edelson.
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company provides services in floater market, such as ultra-deepwater, deepwater, and mid-water; and non-floater or jack-up market. It operates a fleet of 38 offshore drilling rigs, which comprise 27 semisubmersibles, counting 1 under construction; 6 jack-ups; and 5 dynamically positioned drillships, counting 1 under construction.
Cardinal Health Inc(NYSE:CAH)’s shares gained 0.05% to $84.54.
Cardinal Health Inc (CAH) declared plans to acquire The Harvard Drug Group (THDG), a distributor of generic pharmaceuticals, over-the-counter medications and related products to retail, institutional and alternate care customers. THDG is presently owned by Court Square Capital Partners. Cardinal Health will pay $1.115 billion using existing cash and new debt. The transaction is predictable to close in the starting of fiscal year 2016 subject to regulatory approvals and other customary closing conditions.
Assuming this timing, Cardinal Health anticipates accretion in non-GAAP diluted earnings per share (EPS) from ongoing operations of greater than $0.15 per share in fiscal 2016, net of the $0.03 to $0.04 per share of interest expense for the related debt financing. Cardinal Health anticipates accretion in non-GAAP diluted EPS of more than $0.20 in fiscal 2017 and for accretion to be increasingly greater thereafter.
Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, over-the-counter healthcare, specialty pharmaceutical, and consumer products to retailers, including chain and independent drug stores and pharmacy departments of supermarkets and mass merchandisers; hospitals; and other healthcare providers.
At the end of Monday’s trade, JDS Uniphase Corp (NASDAQ:JDSU)‘s shares dipped -1.19% to $11.26.
JDSU (JDSU) declared the launch of its new GigaStor Portable 10 Gb Wire Speed retrospective network analysis (RNA) appliance. The new portable configuration utilizes solid state drive (SSD) technology to stream traffic to disk at full line rate on full-duplex 10 Gb links without dropping packets.
Without GigaStor Portable’s insight, engineers may spend hours replicating a network error before they can diagnose its cause. GigaStor Portable can be deployed to any remote location to collect and save weeks of packet-level data, which it can decode, analyze, and display. The appliance quickly sifts through data, isolates incidents, and provides extensive expert analysis to resolve issues.
The GigaStor Portable 10 Gb Wire Speed with SSD provides 6 TB of raw storage capacity, and comprises the cabling and nTAP needed to install the appliance on any 10 Gb network and start recording traffic.
JDS Uniphase Corporation provides network and service enablement solutions and optical products worldwide. The company’s Network and Service Enablement segment offers network and service enablement solutions that enable the design, development, deployment, and maintenance of communication equipment and networks. This segments’ product portfolio comprises of test tools, platforms, microprobes, software, and services for wireless and fixed networks.
Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP), ended its Monday’s trading session with 0.34% gain, and closed at $71.53.
Ctrip.com International Ltd. (CTRP) declared the completion of US$700 million in aggregate principal amount of convertible senior notes due 2020 (the “2020 notes”) and US$400 million in aggregate principal amount of convertible senior notes due 2025 (the “2025 notes” and, together with the 2020 notes, the “notes”). The notes were offered to qualified institutional buyers following Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and certain non-U.S. persons in compliance with Regulation S under the Securities Act. The Company has granted the initial purchaser a 30-day option to purchase up to an additional US$105 million principal amount of the 2020 notes and an additional US$60 million principal amount of the 2025 notes solely to cover over-allotments, if any. The 2020 notes will be convertible into Ctrip’s American depositary shares (“ADSs”), each representing as of the date of this press release 0.25 of an ordinary share of Ctrip, at the option of the holders, based on an initial conversion rate of 9.1942 of the Company’s ADSs per $1,000 principal amount of notes (which is equivalent to an initial conversion price of about US$108.76 per ADS and represents an about 45.0% conversion premium over the closing trading price of the Company’s ADSs on June 18, 2015, which was US$75.01 per ADS). The 2025 notes will be convertible into Ctrip’s ADSs, at the option of the holders, based on an initial conversion rate of 9.3555 of the Company’s ADSs per $1,000 principal amount of notes (which is equivalent to an initial conversion price of about US$106.89 per ADS and represents an about 42.5% conversion premium over the closing trading price of the Company’s ADSs on June 18, 2015 of US$75.01 per ADS). The conversion rate for each of the 2020 notes and the 2025 notes is subject to adjustment upon the occurrence of certain events.
Ctrip.com International, Ltd., together with its auxiliaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel administration in the People’s Republic of China. It also offers independent leisure travelers bundled packaged-tour products, counting group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving.
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.
