On Thursday, Shares of Royal Bank of Canada (NYSE:RY), gained 0.81% to $57.16. 1.82 million shares of the company were exchanged.
Royal Bank of Canada (RY) and City National Corporation (CYN on NYSE) declared that they received formal regulatory approval recently from the Board of Governors of the Federal Reserve System to complete Royal Bank of Canada’s acquisition of City National following their merger agreement formerly declared on January 22, 2015 . This follows approval from the Office of the Superintendent of Financial Institutions. The merger is predictable to close on November 2, 2015 , subject to the satisfaction of customary closing conditions.
City National common stockholders may elect to receive, for their shares of City National common stock, cash, RBC common shares, or a combination of cash and RBC common shares. As formerly declared by City National, documents necessary for City National common stockholders to make an election for their merger consideration were mailed to City National common stockholders starting on September 28, 2015 . The cash and stock elections will be subject to proration and adjustment procedures, which are further described in the election materials and the merger agreement.
Royal Bank of Canada, together with its auxiliaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Administration, Insurance, Investor & Treasury Services, and Capital Markets.
Shares of TASER International, Inc. (NASDAQ:TASR), declined -1.25% to $25.34, during its last trading session.
The share price of this stock traded recently in a range of $24.62 to $26.11. The company now has a market value of $1.38 billion.
Achilles Technology Solutions LLC (ATS) has attained Materials and Electrochemical Research Corporation (MER). This acquisition becomes a part of Achilles Technology Solutions LLC in addition to our armor partner, ATS Armor LLC.
“We are very excited with this acquisition of MER,” stated Thomas Smith, CEO of ATS and Co-Founder of TASER International INC. (TASR) “MER brings 30 years of new and exciting technologies embodied in 48+ current patents. These patents span new materials such as transparent armor that our ATS Armor partner will leverage, dustless brakes that are under evaluation by a major European automotive company, and a titanium ore processing technology presently under license with one of the largest titanium companies in the world. These are but a few of the existing technologies that we will now be evaluating for further commercialization.”
“After successfully developing advanced technologies for 30 years, MER is fortunate to become part of ATS, who is fully committed to making MER’s appropriate existing technologies commercially successful. ATS has a young administration team with extensive marketing and distribution experience that will provide additional enthusiasm for the 40 material scientists counting 10 Doctoral (PhD) employees presently working for MER on new technologies. There is a noteworthy synergism for both companies to create technology-based products and process opportunities both in the near and long term,” stated Dr. Raouf Loutfy, Co-Principal and Co-Owner of MER.
TASER International, Inc. develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. It operates through two segments, TASER Weapons and AXON. The company’s CEW products transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system.
Finally, Shares of Intrexon Corp (NYSE:XON), ended its last trade with 3.23% gain, and closed at $34.80.
Intrexon Corporation (XON), a leader in synthetic biology, recently declared the appointment of Joseph L. Vaillancourt as Senior Vice President, Head of Environment Sector, succeeding Nir Nimrodi who continues in his role as Head of Corporate Development. Mr. Vaillancourt will direct Intrexon’s endeavors to generate sustainable, biologically based solutions to environmental problems.
Mr. Vaillancourt brings to Intrexon over two decades of experience in companies ranging from start up to Fortune 500 companies in environmental and industrial businesses. Most recently he founded and served as Managing Partner of V Enterprises LLC dba Venture Enterprises, a planned, administration and operational advisory firm supporting companies across a variety of sectors counting waste to energy, recycling, diversified industrial products, and financial services. Preceding to that, Mr. Vaillancourt spent over 15 years with Waste Administration Inc., a leading provider of environmental solutions services in North America, where he held a variety of key roles counting, Vice President of Corporate Venturing, in addition to Managing Director of Finance, Business Optimization and Strategy for Wheelabrator Technologies Inc., a wholly-owned partner of Waste Administration. He was one of the founding members of Waste Administration’s corporate venturing group focused on developing new growth platforms in the environmental, sustainability, energy, recycling, and cleantech sectors. He also formerly served as a Founder and Principle at Red Team Consulting Group, LLC an advisory firm supporting private equity firms in the specialty contracting, industrial, and fabrication sectors. Mr. Vaillancourt received both an M.B.A and a B.S. in Accounting and Finance from the University of Massachusetts.
Intrexon Corporation, a biotechnology company, operates in the synthetic biology field in the United States. The company, through a suite of proprietary and complementary technologies, designs, builds, and regulates gene programs, which are DNA sequences that comprise of key genetic components.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
