On Thursday, Shares of Williams Companies, Inc. (NYSE:WMB), lost -3.70% to $55.25.
The Williams Companies, stock was downgraded by analysts at JPMorgan to “neutral” from “overweight” and their price target was reduced to $60 from $65.
This action follows the $5.13 billion all-equity takeover offer from Energy Transfer Equity (ETE), declared on Monday. Energy Transfer Equity is a portfolio company that owns energy assets.
Williams rejected Energy Transfer Equity’s bid without disclosing which company was interested in buying it, Barron’s said.
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.
Shares of NorthStar Realty Finance Corp. (NYSE:NRF), declined -0.18% to $16.53, during its last trading session.
NorthStar Realty Finance, declared that NorthStar Realty Europe Corp. a current wholly-owned partner of NorthStar Realty Finance, has commenced a private offering of $300 million aggregate principal amount of NorthStar Realty Europe’s senior stock-settlable notes due December 2016, plus up to an additional $60 million principal amount of notes that may be issued at the option of the initial purchaser within 30 days of the initial sale of the notes. The notes will be senior unsubordinated and unsecured obligations of NorthStar Realty Europe, and each of NorthStar Realty Finance and its operating partnership, NorthStar Realty Finance Limited Partnership, will guarantee payments on the notes. Subject to specified conditions being met, counting completion of the planned spin-off of NRE by NorthStar Realty Finance, the listing of NRE common stock, $0.01 par value, and public notice at least 60 days preceding to maturity, NRE may elect to settle all or part of the principal value of the notes in NRE common stock in lieu of cash, in which case the number of shares delivered per note will be based on NRE common stock prices during a measurement period right away preceding the maturity date.
NorthStar Realty Europe intends to use the net proceeds of the offering for general corporate purposes, which may comprise, among other things:
- the funding of acquisitions, counting additional European commercial real estate and other assets; and
- the repayment of NorthStar Realty Finance’s indebtedness, counting amounts outstanding under its corporate revolving credit facility, which accrues interest at a per annum rate equal to LIBOR plus 3.50% (or 3.68% per annum as of June 4, 2015) and is due on August 5, 2017.
NorthStar Realty Finance Corp. is a real estate investment trust launched and managed by NorthStar Asset Administration Group. The fund invests in the real estate markets of the United States.
Finally, Joe’s Jeans Inc. (NASDAQ:JOEZ), ended its last trade with 33.33% skyrocketed move, closed at $0.25.
On June 4, Joe’s Jeans Inc. declared that the Company received a letter on May 29, 2015, from The Nasdaq Stock Market indicating that the Company had received an additional 180 days, or until November 23, 2015, to regain compliance with Nasdaq Listing Rule 5550(a)(2) by maintaining a closing bid price per share of its common stock at $1.00 per share or more for a minimum of 10 successive trading days.
The determination by Nasdaq that the Company was eligible for this additional period was based upon the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the Bid Price Rule, and the Company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. The letter was issued in accordance with standard Nasdaq procedures and has no immediate effect on the listing of the Company’s common stock at this time. The Company intends to monitor the bid price of its common stock and will implement a reverse stock split, if necessary, if its common stock does not trade at a level likely to result in the Company regaining compliance with the Bid Price Rule by November 23, 2015.
If the Company does not regain compliance with the Bid Price Rule by November 23, 2015, and does not timely implement a reverse stock split, Nasdaq will provide the Company with written notification that its common stock will be delisted. At that time, the Company may appeal Nasdaq’s determination to delist its common stock to the Nasdaq Hearings Panel.
Joe’s Jeans Inc., together with its auxiliaries, designs, develops, and markets apparel products in the United States. The company operates through two segments, Wholesale and Retail. It provides women’s and men’s denim jeans, pants, shirts, sweaters, jackets, and other apparel products.
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