On Friday, CDW Corp (NASDAQ:CDW)’s shares inclined 0.93% to $39.18.
CDW Corporation (CDW), declared the pricing of an underwritten offering by selling stockholders of an aggregate of 11,250,000 shares of its common stock at a price to the public of $38.25 per share. The underwriters have a 30-day option to purchase up to an additional 1,687,500 shares of common stock from the selling stockholders at the public offering price, less underwriting discounts. CDW Corporation will not receive any of the proceeds from the sale of the shares of common stock. The offering is predictable to close on August 18, 2015.
Barclays Capital Inc. and Goldman, Sachs & Co. are acting as underwriters in this offering.
CDW Corporation distributes information technology (IT) solutions in the United States and Canada. It operates in two segments, Corporate and Public. The company offers discrete hardware and software products to integrated IT solutions, counting mobility, security, data center optimization, cloud computing, virtualization, and collaboration. Its hardware products comprise notebooks/mobile devices, network communications, enterprise and data storage, video monitors, printers, desktop computers, and servers; and software products comprise application suites, security, virtualization, operating systems, network administration, and software as a service offerings.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s shares gained 1.92% to $30.72.
2K declared the debut of 2015 WWE Hall of Fame inductee and global action film icon Arnold Schwarzenegger in WWE® 2K16, the forthcoming release in the flagship WWE franchise. Best known for his acting, bodybuilding and political endeavors, Schwarzenegger, a longtime WWE fan and WWE Hall of Famer, will expand his relationship with WWE through WWE 2K16 with two playable characters – T-800 from The Terminator and Terminator 2: Judgment Day films. The playable characters will be accessible for those who pre-order the game at participating retailers for the PlayStation®4 and PlayStation®3 computer entertainment systems, in addition to Xbox One and Xbox 360. WWE 2K16 is planned for release on October 27, 2015 in North America and October 30, 2015 internationally.
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and currency; and releasing titles for smartphones and tablets.
At the end of Friday’s trade, Travelers Companies Inc (NYSE:TRV)‘s shares surged 0.7% to $107.71.
The Travelers Companies, Inc. (NYSE: TRV) Chairman and CEO Jay S. Fishman recently sent the following message to Travelers employees:
At every company there comes a time for new leadership. Because of the progression of my neuromuscular condition, this time has come a little earlier than I had hoped. But given the strength of the company and with an exceptional leader in Alan more than prepared to become our CEO, there is good reason to make a change now.
The Travelers Companies, Inc., through its auxiliaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. It operates in three segments: Business and International Insurance; Bond & Specialty Insurance; and Personal Insurance.
Meritor Inc (NYSE:MTOR), ended its Friday’s trading session with 2.42% gain, and closed at $13.95.
Meritor, Inc. (MTOR) stated financial results for its third fiscal quarter ended June 30, 2015.
Third-Quarter Highlights
- Sales were $909 million, down $70 million, or 7 percent, from the same period last year.
- Net income attributable to Meritor on a GAAP basis was $13 million, contrast with $234 million in the same period last year. Net income a year ago comprised of $209 million from the antitrust settlement with Eaton Corporation.
- Net income from ongoing operations was $15 million, or $0.15 per diluted share, contrast with $237 million, or $2.34 per diluted share, in the preceding year.
- Adjusted net income from ongoing operations was $41 million, or adjusted diluted earnings per share of $0.41, contrast with $29 million, or $0.29, in the preceding year.
- Adjusted EBITDA was $87 million, contrast with $82 million in the preceding year.
- Adjusted EBITDA margin was 9.6 percent, contrast with 8.4 percent in the third quarter of fiscal year 2014.
Meritor, Inc. designs, develops, manufactures, sells, markets, distributes, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial, and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drive train systems and components, counting axles, drivelines, and braking and suspension systems primarily for medium and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency, and other applications.
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