On Wednesday, Syngenta AG (ADR) (NYSE:SYT)’s shares declined -13.56% to $67.50.
The Board of Syngenta confirms that it received a verbal proposal from Monsanto to acquire the company at a price of CHF245 in cash and a fixed ratio of 2.229 Monsanto shares per Syngenta share. At market close on August 25 this equated to a price of CHF 433 per Syngenta share.
Syngenta AG, an agribusiness company, engages in the discovery, development, manufacture, and marketing of a range of products designed to enhance crop yields and food quality worldwide. The company offers herbicides for corn, cereals, soybean, and rice; fungicides primarily for corn, cereals, fruits, grapes, rice, soybean, and vegetables; insecticides for fruits, vegetables, and field crops; and seed care, principally for corn, soybean, cereals, oilseeds, and cotton.
SunTrust Banks, Inc. (NYSE:STI)’s shares gained 3.72% to $39.04.
The board of directors of SunTrust Banks, Inc. (STI) has declared a regular quarterly cash dividend of $0.24 per common share. The dividend is payable on September 15, 2015, to shareholders of record at the close of business on August 31, 2015.
The board of directors also declared the following dividends payable in cash on September 15, 2015, to shareholders of record at the close of business on August 31, 2015:
- a quarterly cash dividend of $1,022.22* per share on SunTrust’s Perpetual Preferred Stock, Series A;
- a quarterly cash dividend of $1,022.22* per share on SunTrust’s Perpetual Preferred Stock, Series B; and
- a quarterly cash dividend of $1,468.75 per share on SunTrust’s Perpetual Preferred Stock, Series E.
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Administration, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Administration segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, in addition to various services.
At the end of Wednesday’s trade, Canadian Solar Inc. (NASDAQ:CSIQ)‘s shares surged 0.53% to $17.20.
Canadian Solar Inc. (CSIQ), one of the world’s largest solar power companies, declared that the company will now be offering its MaxPower polycrystalline module in a new 320W power class. The MaxPower CS6X-320P is a more robust module with higher power efficiency. In addition, when the MaxPower CS6X-320P module is paired with a respective Canadian Solar CSI-23/28/36KTL-CT 3-phase inverter, a stronger, more cost-effective systems solution can be achieved from a single bankable supplier like Canadian Solar.
Together with the 310W and 315W polycrystalline modules, the 320W power class is an innovative addition to the MaxPower line of solar PV modules. Compriseent with Canadian Solar’s high product quality, this module comprises the brand’s 25-year linear power output warranty and a 10-year product warranty on materials and workmanship. Furthermore, this new power class gives solar installers and project developers the ability to reduce their overall balance of system costs for small commercial, large commercial, distributed generation, and utility-scale projects.
Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy. Its products comprise various solar modules that are used in residential, commercial, and industrial solar power generation systems.
Precision Drilling Corp (USA) (NYSE:PDS), ended its Wednesday’s trading session with 1.73% gain, and closed at $4.12.
The Board of Directors of Precision Drilling Corporation ( PDS ) will be attending the 2015 Barclays CEO Energy-Power Conference which is taking place September 8-10, 2015 in New York, New York. Mr. Kevin Neveu, President and Chief Executive Officer, is planned to present at 7:45 a.m. Eastern time (5:45 a.m. Mountain time) on Wednesday, September 9, 2015.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment’s services comprise land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, in addition to manufacture, refurbishment, and sale of drilling and service rig equipment.
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