On Monday, Whiting Petroleum Corp (NYSE:WLL)’s shares declined -0.32% to $34.34.
Whiting Petroleum Corp (WLL) declared that it has commenced an offer to exchange all of its outstanding, unregistered 6.25% Senior Notes due 2023 (the “Original Notes”) for new, registered 6.25% Senior Notes due 2023 (the “New Notes”).
The terms of the New Notes to be issued in the exchange offer are substantially identical to those of the Original Notes, except that the New Notes will not have securities law transfer restrictions, and the registration rights regarding the Original Notes and the New Notes will not provide for the payment of additional interest under circumstances regarding the timing of the exchange offer.
The exchange offer will expire at 5:00 p.m. New York City time, on July 1, 2015, unless extended by Whiting Petroleum Corporation. Valid tenders of the Original Notes must be made, and may be withdrawn at any time, before the exchange offer expires.
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.
Masco Corporation (NYSE:MAS)’s shares dropped -0.32% to $27.62.
Masco Corporation (MAS) declared that its Board of Directors has approved the formerly-declared spin-off of TopBuild Corp. (BLD), which will, upon completion of the spin-off, hold the assets and operations of Masco’s Installation and Other Services businesses.
In the spin-off, Masco will distribute 100% of the shares of common stock of TopBuild. The distribution of TopBuild shares is predictable to be accomplished after the New York Stock Exchange market closing on June 30, 2015, with Masco stockholders receiving one share of TopBuild common stock for every nine shares of Masco common stock held at the close of business on the record date of June 19, 2015. Following the distribution of TopBuild common stock, TopBuild will be an independent, publicly-traded company. TopBuild has received approval for the listing of its common stock on the New York Stock Exchange under the symbol “BLD.”
Masco Corporation manufactures, distributes, and installs home improvement and building products worldwide. The company’s Cabinets and Related Products segment provides cabinetry for kitchen, bath, storage, home office, and home entertainment applications; and kitchen countertops, and integrated bathroom vanity and countertop solutions. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bathing units, and toilets; acrylic tub and shower systems, bath and shower enclosure units, shower trays, and laundry tubs, in addition to spas; and brass and copper plumbing system components, and other plumbing specialties.
At the end of Mondays trade, Blackstone Group LP (NYSE:BX)‘s shares dipped -0.52% to $42.17.
Blackstone Group LP (BX) which began raising a fund for stable, well-leased real estate last year, agreed to buy a shopping mall and garage in the Flushing neighborhood of New York City’s Queens borough for about $400 million, said two people with knowledge of the transaction.
The properties are part of the Sky View Parc mixed-use complex, which is located near New York’s third-busiest subway station, said the people, who asked not to be identified because the purchase is private. The seller was Onex Corp., Canada’s largest private equity firm. Flushing is a fast-growing neighborhood with a large number of Asian residents.
Peter Rose, a Blackstone spokesman, declined to comment on the transaction. Emma Thompson, a spokeswoman for Toronto-based Onex, didn’t right away return a telephone call seeking comment. The sale was stated earlier recently by Crain’s New York Business.
The Sky View Parc properties represent Blackstone’s biggest real estate purchase in New York City outside Manhattan, according to the people with knowledge of the deal. Blackstone has been stepping up purchases of high-quality, well-occupied real estate since December 2013 amid strong investor demand for steady yields, lower risk and often longer holding periods than found in the firm’s traditional property funds.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios.
Transgenomic Inc (NASDAQ:TBIO), ended its Monday’s trading session with 9.29% gain, and closed at $2.00.
Transgenomic Inc (TBIO) declared that it is planning to launch up to six new genetic cancer tests this year based on its Multiplexed ICE COLD-PCR™ (MX-ICP) technology. The new tests will focus on actionable genetic mutations and alterations in patients with melanoma, non-small cell lung cancer (NSCLC) and colorectal cancer, and will comprise both single tests and multi-gene panels. Transgenomic’s MX-ICP technology has demonstrated exceptional sensitivity and accuracy using either standard tissue or liquid biopsy samples such as blood and plasma. The tests are predictable to be accessible for diagnostic use through Transgenomic’s CLIA-certified laboratory.
Transgenomic’s current product pipeline comprises additional MX-ICP-based patient tests for clinically-relevant actionable mutations such as EGFR mutations, colorectal cancer mutations, NSCLC and melanoma resistance, colorectal cancer prognosis and NSCLC plasma monitoring.
Transgenomic, Inc., a biotechnology company, engages in advancing personalized medicine in the detection and treatment of cancer and inherited diseases through its proprietary molecular technologies and clinical and research services in the United States and internationally. It operates in two segments, Laboratory Services, and Genetic Assays and Platforms.
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