On Friday, RR Donnelley & Sons Co (NASDAQ:RRD)’s shares inclined 1.07% to $16.05.
RR Donnelley & Sons Company (RRD) declared that it intends to create three independent, publicly traded companies: one business focused on financial communications and data services; one business focused on publishing and retail-centric print services; and one business focused on customized multichannel communications administration.
Planned Benefits
- Each business to focus on its distinct planned preceding ties, driving opportunities to accelerate growth and enhance long-term value.
- Greater flexibility to execute tailored business strategies and compete in evolving markets.
- Even more focused brand strategy to support each business’s marketing plan.
R.R. Donnelley & Sons Company provides integrated communications solutions to private and public sector clients in the United States and internationally. The company operates through Publishing and Retail Services, Variable Print, Planned Services, and International segments. Its product and service offerings comprise magazines, catalogs, retail inserts, books, directories, and packaging products; commercial and digital print, direct mail, office products, labels, statement printing, and forms; and logistics services, financial print products and related services, print administration products, and digital and creative solutions.
Statoil ASA(ADR) (NYSE:STO)’s shares dropped -2.08% to $15.97.
The nomination committee in Statoil (STO) recommends that the company’s corporate assembly elects Wenche Agerup as a new member of Statoil’s board of directors.
The nomination committee in Statoil recommends that Wenche Agerup is elected as new member of the board. Catherine Hughes withdrew from the Statoil board with effect from 19 April 2015. The nomination committee’s search for a new, female board member as a replacement for Hughes is now finalised, and the nomination committee proposes that a supplementary election to the board is held in the corporate assembly meeting 20 August 2015.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments.
At the end of Friday’s trade, RCS Capital Corp (NYSE:RCAP)‘s shares surged 14.51% to $2.92.
RCS Capital Corporation (RCAP) declared a series of planned transactions and initiatives designed to enhance shareholder value. In addition, RCS Capital declared its operating results for the three months ended June 30, 2015.
Planned Transactions and Initiatives
Compriseent with the Board of Directors’ and administration’s formerly stated commitment to enhance shareholder value, the Company has reached a contract with an associate of Apollo Global Administration, LLC (APO) (together with its merged auxiliaries, “Apollo”), a leading global alternative investment manager, to sell RCS Capital’s Wholesale Distribution division and certain related entities, for $25 million in cash. The Company anticipates to utilize the net cash proceeds from the sale to reduce its outstanding senior secured indebtedness.
Further, Cetera Financial Group will also enter into a planned relationship with Apollo to offer alternative Apollo-sponsored investment products through Cetera’s open architecture network of independent financial advisors. Apollo presently manages more than $160 billion of assets across a broad spectrum of asset classes, geographies and strategies, many of which we expect will be attractive to retail investors seeking current income and increasing allocations to alternatives within their portfolios.
RCS Capital Corporation engages in the independent retail advice, wholesale distribution, investment banking, capital markets, investment administration, and investment research businesses. The company offers independent retail advices, financial products, and investment solutions through a network of independent channel broker-dealers and registered investment advisers; and multi-product distribution platform of direct investment program offerings to independent broker-dealers and the retail financial advisor community. It also operates as a registrar; provides record-keeping services; and executes the transfer, issuance, and cancellation of shares or other securities in connection with offerings conducted by issuers.
Gulfport Energy Corporation (NASDAQ:GPOR), ended its Friday’s trading session with 1.32% gain, and closed at $35.97.
Gulfport Energy Corporation (GPOR) declared the commencement of an underwritten public offering of 10,000,000 shares of its common stock, subject to market and other conditions. The underwriters will have a 30-day option to purchase up to an additional 1,500,000 shares from Gulfport. Gulfport intends to use the net proceeds from this offering (i) to fund a portion of the purchase price for the acquisition declared earlier recently of certain acreage and other assets in the Utica Shale in Ohio from American Energy—Utica, LLC and (ii) for general corporate purposes, counting the funding of a portion of its 2015 capital development plans.
The common stock will be issued and sold following an effective automatic shelf registration statement on Form S-3 formerly filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. This offering may only be made by means of a prospectus supplement and related base prospectus.
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids (NGLs), and crude oil in the United States. The company’s principal properties are located in the Utica Shale primarily in Eastern Ohio; Louisiana Gulf Coast in the West Cote Blanche Bay; and Hackberry fields. It also has interests in the Niobrara Formation of Northwestern Colorado; Bakken Formation; entities that operate in Southeast Asia, counting the Phu Horm gas field in Thailand; and Alberta oil sands located in Canada.
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