On Wednesday, Shares of Olin Corporation (NYSE:OLN), lost -0.73% to $27.23.
The Dow Chemical Company (DOW) and Olin Corporation (OLN), declared the achievement of a regulatory milestone in the projected transaction involving a noteworthy portion of Dow’s chlorine value chain and Olin Corporation, with the expiration of the required waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976.
“This important milestone marks progress toward the close of a seminal transaction maximizing return for both Dow and Olin shareholders and the advancement of Dow’s targeted market participation and portfolio transformation strategies,” said Andrew N. Liveris, Dow’s chairman and chief executive officer.
Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. The company operates through three segments: Chlor Alkali Products, Chemical Distribution, and Winchester.
Shares of Apollo Global Management LLC (NYSE:APO), declined -0.31% to $22.58, during its last trading session.
Apollo Global Administration LLC, declared the closing of the first $200 million of investment in CH2M by an associate of Apollo Global Administration LLC, (NYSE: APO), a pre-eminent alternative investment manager with a history of investing in industry-leading companies. Investment funds associated with Apollo invested in CH2M’s preferred stock following a contract reached on May 27, 2015. Following that agreement, an additional $100 million investment will occur within the one-year period following closing.
In accordance with its ownership stake, Apollo designees will hold two of the six independent director seats on CH2M’s board of directors, while CH2M employees will continue to hold seven board seats.
Apollo Global Administration, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, in addition to other institutional and individual investors.
At the end of Wednesday’s trade, Shares of Hershey Co (NYSE:HSY), lost -0.99% to $88.24.
Hershey Co, declared an innovative partnership with the Ghana School Feeding Programme and Project Peanut Butter to provide supplemental nutrition to school children in Ghana.
Ghana is one of the strongest emerging countries in Africa. However, access to basic nutrition is still a challenge, with about 30,000 children suffering from malnutrition annually, according to Project Peanut Butter. Through Energize Learning, Hershey will distribute Vivi, a highly nutritious peanut-based supplement, to children through the Ghanaian school feeding program.
The Hershey Company manufactures, imports, markets, distributes, and sells confectionery products. The company operates through two segments, North America; and International and Other.
Finally, Legg Mason Inc (NYSE:LM), ended its last trade with -0.98% loss, and close at $52.47.
With U.S. equities at historic highs and many fixed income yields close to zero, many investors are looking abroad for better returns. One area of raised focus – after several years on the bench – is emerging market (EM) equities. Investors are increasingly seeking the potential benefits of EM’s diverse landscape, with higher predictable growth potential.
“The S&P 500 is up 2 percent this year, stalling after a five-year rally,” said Michael LaBella, a portfolio manager with Legg Mason associate QS Investors. “Emerging markets are up 6 percent over the same period. Investors are noticing.”
Legg Mason, Inc. is a publicly owned asset administration holding company. The firm provides investment administration and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles through its wholly owned auxiliaries. Legg Mason, Inc. was founded in 1899 and is based in Baltimore, Maryland.
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