On Monday, Hologic, Inc. (NASDAQ:HOLX)’s shares declined -0.60% to $37.08.
Hologic, Inc. (HOLX) declared that award-winning actress and singer Kristin Chenoweth will serve as spokesperson for a national campaign to generate awareness of Hologic’s Genius 3D Mammography exam, a more accurate mammogram that has been clinically proven to reduce callbacks by up to 40 percent and detect 41 percent more invasive cancers than traditional 2D mammography alone.1,2
A Tony and Emmy award-winner who is presently starring on Broadway in the critically-acclaimed musical On the Twentieth Century, Chenoweth is the daughter of a two-time breast cancer survivor and understands how critical it is that women take advantage of the best screening options accessible.
Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women in the United States and internationally. The company operates in four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health.
Wendys Co (NASDAQ:WEN)’s shares dropped -0.62% to $11.23.
Wendys Co (WEN) declared that it is commencing a modified “Dutch auction” tender offer to repurchase shares of its common stock for an aggregate purchase price of up to $639.0 million (the “tender offer”). The tender offer is part of an $850 million stock buyback program, which also comprises a separate purchase of up to $211.0 million of the Company’s common stock from Nelson Peltz, Peter W. May and Edward P. Garden (who are members of the Company’s Board of Directors), investment funds managed by Trian Fund Administration, L.P. (an investment fund controlled by Messrs. Peltz, May and Garden) and certain of their associates (collectively, the “Trian Group”).
At the Company’s request, to maximize liquidity for other stockholders, avoid impacting the purchase price received by stockholders participating in the tender offer and provide certainty regarding the Trian Group’s participation in the stock buyback program, the Trian Group has agreed, under a purchase agreement with the Company, not to tender or sell any of its shares in the tender offer. Under the same agreement, the Company has agreed, following the completion of the tender offer, to purchase from the Trian Group a pro rata amount of its shares (based on the number of shares the Company purchases in the tender offer) at the same price received by stockholders who take part in the tender offer.
The Trian Group, which owns an aggregate of about 24.8 percent of the Company’s outstanding common stock, intends over the next few months to reduce its ownership position in the Company to between 17 and 19.68 percent through the sale to the Company following the purchase agreement and through additional sales in the open market and / or privately negotiated transactions. Investors should refer to the Offer to Purchase for the tender offer for additional details regarding the Trian Group’s intentions regarding its position in the Company’s stock.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of May 26, 2015, its restaurant system comprised of about 6,500 franchised and company-operated restaurants worldwide.
At the end of Monday’s trade, Constellation Brands, Inc. (NYSE:STZ)‘s shares dipped -2.90% to $117.03.
Constellation Brands, Inc. (STZ) declared that Executive Vice President and Chief Financial Officer (CFO) Bob Ryder is leaving the company after the completion of the company`s first quarter 10-Q filing. David Klein has been promoted to Executive Vice President and Chief Financial Officer.
As the new CFO, David Klein will join Constellation`s Executive Administration Committee and report directly to Sands. Klein joined Constellation in 2004 and most recently served as CFO for the company`s Beer Division. His previous roles with Constellation comprise SVP, Treasurer and Controller in addition to CFO for the company`s former European business. Prior to his tenure at Constellation, Klein held the CFO role at Montana Mills.
Ryder`s departure from the company is an amicable one and is unrelated to the company`s financial performance or financial reporting. Ryder and Klein will work together to ensure a smooth transition.
Constellation Brands, Inc., together with its auxiliaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, counting table wine, sparkling wine, and dessert wine. Its wine brands comprise Arbor Mist, Black Box, Blackstone, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Mount Veeder, Nobilo, Ravenswood, Rex Goliath, Robert Mondavi, Ruffino, Simi, Toasted Head, and Wild Horse; and Spirits Brands comprise Black Velvet Canadian Whisky and Svedka Vodka.
Liberty Global plc - Class C Ordinary Shares (NASDAQ:LBTYK), ended its Monday’s trading session with -0.36% loss, and closed at $52.39.
Liberty Global plc - Class C Ordinary Shares ( LBTYK) declared that, following regulatory approval, it has consummated its formerly declared acquisition of 100% of the parent of Puerto Rico Cable Acquisition Company Inc., dba Choice Cable TV (“Choice”), the second largest cable and broadband services provider in Puerto Rico. The combination of Choice’s operations with those of Liberty Cablevision of Puerto Rico LLC (“LCPR”), which is 60% owned by Liberty Global and 40% owned by funds managed by Searchlight Capital Partners, L.P., creates the largest cable operator on the island with over one million homes passed1, serving about 750,000 revenue generating units (“RGUs)1 and generating over $390 million of annual revenue.
As formerly revealed, the purchase price of about $272.5 million before transaction costs and other adjustments represents a multiple of about 6 times our estimate of Choice’s 2015 full-year operating cash flow, as customarily defined by Liberty Global and adjusted for the projected annual impact of synergies following full integration. The transaction was largely funded through incremental debt borrowings of about $267.5 million at the combined Puerto Rican business, and equity contributions from Liberty Global and Searchlight of $10.2 million and $6.8 million, respectively.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
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