On Friday, CONSOL Energy Inc. (NYSE:CNX)’s shares declined -1.71% to $22.39.
CNX Coal Resources LP, a Delaware limited partnership formed by CONSOL Energy Inc. (CNX) declared that it has launched its initial public offering of 10,000,000 common units representing limited partner interests. The common units are predictable to trade on the New York Stock Exchange under the ticker symbol “CNXC.” The underwriters of the offering will have a 30-day option to purchase up to an additional 1,500,000 common units to cover over-allotments, if any.
The common units being offered in the offering represent a 42.2% limited partner interest in CNX Coal Resources (or a 48.5% limited partner interest if the underwriters exercise in full their option to purchase additional common units). CONSOL will own a 55.8% limited partner interest in CNX Coal Resources (or a 49.5% limited partner interest if the underwriters exercise in full their option to purchase additional common units). In addition, CONSOL will own, through its ownership of CNX Coal Resources GP LLC, the general partner of CNX Coal Resources, a 2% general partner interest and the incentive distribution rights in CNX Coal Resources.
CONSOL Energy Inc., together with its auxiliaries, operates as an integrated energy company in the United States and internationally. The company operates through two divisions, Exploration and Production (E&P), and Coal. The E&P division produces pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from about 441,000 net Marcellus Shale acres; and controls about 118,000 net acres of Utica Shale potential in eastern Ohio, in addition to controls 108,000 net acres in Southwestern Pennsylvania and Northern West Virginia that contain the rights to the natural gas in Utica Shale; and owns rights to extract coalbed methane (CBM) in Virginia from about 268,000 net CBM acres, which cover a portion of its coal reserves in Central Appalachia.
Erickson Inc (NASDAQ:EAC)’s shares gained 0.42% to $4.77.
Infosys Ltd. (INFY) a global leader in consulting, technology, outsourcing and next-generation services, declared that it has accomplished the implementation of its Smart Oilfield Services Solution for SAP ERP at FTS International (FTSI), the largest private well completion company in North America , allowing the company to achieve a noteworthy milestone in its planned business transformation.
FTSI has grown rapidly since its inception. The company’s IT infrastructure, based on a series of legacy systems, required an overhaul to manage that growth and avoid keeping the company’s operations in silos. Within 14 months, Infosys assisted FTSI implement 15 SAP modules across 20 locations for over 1,400 users, thus enabling the company to improve its operating metrics and to leverage an upgraded IT platform for future growth.
Infosys Limited, together with its auxiliaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally. Its solutions comprise business information technology (IT) services comprising application development and maintenance, independent validation services, infrastructure administration, business process administration, and engineering services comprising of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
At the end of Friday’s trade, Infosys Ltd ADR (NYSE:INFY)‘s shares surged 0.25% to $16.17.
Erickson Incorporated (EAC), a leading global provider of aviation services, is pleased to announce today that the company has contracted with Chilcott, Inc. to provide flight currency training for the Fuerza Aerea Uruguaya (FAU or Uruguayan Air Force helicopter pilots). The training will be conducted entirely in Spanish. Under the agreement, Erickson pilot instructors will train FAU pilots in preparation for work on the United Nations Stabilization Mission in the Democratic Republic of the Congo (MONUSCO).
Under the contract, Erickson Instructor Pilots are providing ground refresher training and more than 200 hours of supervised flight currency training on a Bell 412 aircraft at Erickson’s facility in McMinnville, Oregon. The training will be accomplished before planned U.N. mission pilot rotations in the third quarter of 2015. Chilcott, Inc. is a small business in the State of Florida, a Certified SBA 8(a) participant and a Certified Service Disabled Veteran Owned Small Business (SDVOSB). Chilcott’s customer is US Southern Command.
Erickson Incorporated provides aviation services to commercial and government customers. The company’s fleet supports a range of aerial services, counting critical supply and logistics for deployed military forces, humanitarian relief, firefighting, timber harvesting, infrastructure construction, and crewing. It also manufactures aircranes and related components; and provides other aftermarket support services, in addition to maintenance, repair, and overhaul services for the aircrane and other aircraft. In addition, the company leases aircrafts for specific missions.
Xactly Corp (NYSE:XTLY), ended its Friday’s trading session with 8.75% gain, and closed at $8.70.
Xactly (XTLY) declared the pricing of its initial public offering of 7,037,500 shares of its common stock at a price to the public of $8.00 per share. Xactly is offering 6,853,500 shares of common stock and certain selling stockholders are offering 184,000 shares of common stock. In addition, Xactly has granted the underwriters a 30-day option to purchase up to an additional 1,055,625 shares of common stock to cover over-allotments, if any. The shares are predictable to start trading on the New York Stock Exchange on June 26, 2015, under the symbol “XTLY.” Closing of the offering is predictable to occur on July 1, 2015, subject to customary closing conditions.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as joint lead book-running managers for the offering with UBS Securities LLC also acting as a book-running manager. Needham & Company, LLC and Oppenheimer & Co. Inc. are acting as co-managers for the offering.
Xactly Corporation provides cloud-based incentive compensation solutions for employee and sales performance administration in the United States and the United Kingdom. The company offers Xactly Incent Enterprise, which assists large enterprise and mid-market companies manage the critical elements of incentive compensation; Xactly Incent Express, an incentive compensation solution for companies with fewer than 350 employees; and Xactly Objectives, a solution for sales and non-sales personnel, allowing managers and employees to collaboratively track and achieve individual and shared aims.
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