On Tuesday, Shares of Williams Companies, Inc. (NYSE:WMB), lost -3.15% to $58.94.
On June 21, Williams Partners L.P. (WPZ) advised its unitholders to reference news issued recently by Williams (WMB), the owner of our general partner. Williams recently declared that its Board of Directors has authorized a process to explore a range of planned alternatives following receipt of an unsolicited proposal to acquire Williams in an all-equity transaction at a stated per share price of $64.00. The unsolicited proposal was contingent on the termination of Williams’ pending acquisition of Williams Partners.
With the assistance of its outside financial and legal advisors, the Williams Board carefully considered the unsolicited proposal and determined that it significantly undervalues Williams and would not deliver value commensurate with what Williams anticipates to achieve on a standalone basis and through other growth initiatives, counting the pending acquisition of Williams Partners.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
Shares of Weatherford International plc (NYSE:WFT), inclined 0.68% to $13.35, during its last trading session, as both Brent and WTI crude oil prices rally to trade in the green.
Oil prices gained ahead of U.S. inventory data predictable to show strong demand for gasoline, according to Reuters.
US benchmark West Texas Intermediate for August delivery rose 63 cents to close at $61.01 a barrel on its first day of trade on the New York Mercantile Exchange.
Weatherford International public limited company provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.
Finally, Carnival Corporation (NYSE:CCL), ended its last trade with -0.88% loss, and closed at $49.48
Carnival Corporation, declared non-GAAP net income of $193 million, or $0.25 diluted EPS for the second quarter of 2015 contrast to non-GAAP net income for the second quarter of 2014 of $73 million, or $0.09 diluted EPS. For the second quarter of 2015, U.S. GAAP net income, which comprised of unrealized gains on fuel derivatives of $34 million and $7 million of restructuring expenses, was $222 million, or $0.29 diluted EPS. For the second quarter of 2014, U.S. GAAP net income was $98 million, or $0.13 diluted EPS. Revenues for the second quarter of 2015 were $3.6 billion, in line with the preceding year.
Carnival Corporation & plc President and CEO Arnold Donald noted, “We more than doubled our second quarter earnings as compared to the comparable period a year ago and significantly exceeded our quarterly earnings guidance. Our initiatives to create demand and leverage our scale benefited both cruise ticket prices and onboard revenues contributing to 5% revenue yield improvement (constant currency) this quarter. While all of our North American brands enjoyed strong revenue yield improvement, our Carnival Cruise Line brand performed particularly well again this quarter. We thank our teams around the globe for their consistent delivery of exceptional guest experiences in addition to our travel agent partners for their strong support, both of which are critical to our success.”
Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia.
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