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Sunday 31 January 2016
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Pre-Market News Buzz on: Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK), STMicroelectronics NV (NYSE:STM), Spirit Realty Capital, (NYSE:SRC), FXCM (NYSE:FXCM)

On Tuesday, Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK)’s shares inclined 0.13% to $52.06.

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.

Liberty Global’s 60% ownership interest in Choice will be attributed to the “LiLAC Group”, which will track the performance of Liberty Global’s operations in Latin America and the Caribbean.

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.

STMicroelectronics NV (ADR) (NYSE:STM)’s shares dropped -1.18% to $8.35.

STMicroelectronics NV (ADR) (STM) declared the publication of the Company`s 2014 Sustainability Report. The Company`s eighteenth annual report contains comprehensive details of ST`s new sustainability strategy defined during 2014 and its performance while it illustrates how ST`s sustainability programs play a major role throughout the Company.

Among the key sustainability highlights in 2014, ST:

  • Made noteworthy progress in its business operations, counting a noteworthy financial turnaround that is re-positioning the Company for the next step in growth and sustainability;
  • Introduced more than 350 “Responsible Products during 2014[3]”;
  • Recorded more than 300 community-related initiatives, from cash donations to work hours inside or outside the company;
  • Extended progress in meeting green-energy objectives and further demonstrated engagement in responsible energy sourcing. With 20% of purchased energy coming from renewable sources, ST recorded its best performance ever; The Company also continued its efforts to recycle, by re-using and recycling 92% of waste generated through its operations;

STMicroelectronics` achievements in sustainability were recognized once again in 2014 with leading positions in various national and international sustainability ratings and indices. The company continued to be comprised of in the main Sustainability indices: Dow Jones Sustainability Europe where ST obtained a top score of 100 in product quality and recall administration, Euronext Vigeo, Carbon Disclosure Leadership Index in Italy, and FTSE4Good ethical index. These results highlight the many environmental sustainability actions the Company takes within its operations, in addition to its innovative sustainable products and services, which contributed to ST`s being comprised of, for the third successive year, in the Thomson Reuters annual ranking of the 100 most innovative companies in the world.

STMicroelectronics N.V. designs, develops, manufactures, and markets various semiconductor integrated circuits and discrete devices worldwide. The company offers a range of semiconductor products, counting discrete and standard commodity components, application-specific integrated circuits, full-custom devices and semi-custom devices, micro-electro-mechanical systems, microcontrollers, sensors, digital consumer products, imaging products, memory products, media application processors, and application-specific standard products for analog, digital, and mixed-signal applications, in addition to silicon chips and smart

At the end of Tuesday’s trade, Spirit Realty Capital, Inc (New) (NYSE:SRC)‘s shares dipped -1.33% to $10.39.

Spirit Realty Capital, Inc (New) (SRC) declared that Thomas H. Nolan, Jr., its Chairman and Chief Executive Officer, and Phil Joseph, its Chief Financial Officer, will be participating in NAREIT’s REITWeek Investor Conference June 9 – 11, 2015 in New York, New York.

Spirit Realty Capital, Inc is a publicly traded real estate investment trust. The firm primarily acquires across the United States single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits.

FXCM Inc (NYSE:FXCM), ended its Tuesday’s trading session with -4.22% loss, and closed at $1.59.

FXCM Inc (FXCM) declared certain key operating metrics for May 2015 for its retail and institutional foreign exchange business.

May 2015 Customer Trading Metrics from Ongoing Operations (1)

  • Retail customer trading volume(2) of $331 billion in May 2015, 8% higher than April 2015 and 39% higher than May 2014.
  • Average retail customer trading volume(2) per day of $15.8 billion in May 2015, 14% higher than April 2015 and 46% higher than May 2014.
  • An average of 520,282 retail client trades per day in May 2015, 2% higher than April 2015 and 65% higher than May 2014.
  • Tradeable accounts(3) of 188,484 as of May 31, 2015, an enhance of 263 accounts from April 2015, and an enhance of 29,583 accounts, or 19% from May 2014.

May 2015 Institutional Trading Metrics

  • Institutional customer trading volume(1) of $206 billion in May 2015, 6% lower than April 2015 and 11% higher than May 2014.
  • Average institutional trading volume(1) per day of $9.8 billion in May 2015, 2% lower than April 2015 and 17% higher than May 2014.
  • An average of 38,394 institutional client trades per day in May 2015, 30% lower than April 2015 and 31% lower than May 2014.

FXCM Inc., through its auxiliaries, provides online foreign exchange (FX) trading and related services to retail and institutional customers worldwide. The company operates in two segments, Retail Trading and Institutional Trading. It acts as an agent between retail customers and a collection of global banks and financial institutions by making foreign currency markets for customers trading in foreign exchange spot markets.

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