On Friday, Shares of Sealed Air Corp (NYSE:SEE), gained 2.17% to $47.98.
Sealed Air Corporation, declared that it has reached an agreement for the potential sale of its European food trays business to Faerch Plast A/S, a European food packaging solutions provider. The transaction will comprise Sealed Air’s manufacturing facilities in Poole, UK and Bunol, Spain, and is contingent on customary closing conditions which are anticipated to occur in the fourth quarter of 2015.
Sealed Air’s European food trays businesses generated about $71 million USD in sales for fiscal year 2014.
“As we continue to transform into a knowledge-based company, we want to ensure that our resources are dedicated to support our core businesses and to drive the development of disruptive technologies that will accelerate our growth opportunities. This transaction follows the sale of our North American foam tray and pads business in April 2015 and is aligned with our Get Fit/Change the Game strategy,” said Jerome A. Peribere, President and Chief Executive Officer, Sealed Air.
Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The company’s Food Care segment offers integrated system solutions that incorporate equipment systems into customers operations; and packaging equipment systems that incorporate various options for loading, filling and dispensing, and retort and aseptic processing conditions.
Shares of Baker Hughes Incorporated (NYSE:BHI), inclined 4.24% to $53.35, during its last trading session.
Halliburton Company and Baker Hughes Incorporated, declared that the companies will market for sale additional businesses in connection with Halliburton’s pending acquisition of Baker Hughes. Following the Merger Agreement, and in order to permit completion of Halliburton’s acquisition of Baker Hughes, the following additional businesses are intended to be divested: Halliburton’s expandable liner hangers business, which is part of the company’s Completion & Production Division; Baker Hughes’ core completions business, which comprises: packers, flow control tools, subsurface safety systems, intelligent well systems, permanent monitoring, sand control tools and sand control screens; the Baker Hughes sand control business in the Gulf of Mexico, counting two pressure pumping vessels; and Baker Hughes’ offshore cementing businesses in Australia, Brazil, the Gulf of Mexico, Norway, and the United Kingdom.
Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services.
At the end of Friday’s trade, Shares of Aetna Inc (NYSE:AET), gained 2.87% to $113.10.
Aetna, declared two senior-level leadership appointments to strengthen the company’s ability to assist lead the transformation of the health care industry to a new and better model – one in which insurers, doctors and hospitals work together to give people as many healthy days as possible.
Gary Loveman, Ph.D., is joining Aetna as executive vice president, and president of a newly expanded Healthagen® health services organization, which now will comprise Aetna’s Consumer Business. Healthagen will now integrate the company’s population health, clinical care administration and consumer insight capabilities to create a simpler, more affordable end-to-end consumer experience.
Rick Jelinek is joining Aetna as executive vice president responsible for the Aetna-Humana integration, in addition to Aetna’s enterprise strategy. In July 2015, Aetna declared plans to acquire Humana Inc. for $37 billion, a combination that will accelerate the company’s planned focus on value-based, consumer-centric care and enable the company to better compete with more cost-effective products.
Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit administration services, dental, behavioral health, and vision plans on an insured basis, and an employer-funded or administrative basis. It also provides point-of-service, preferred provider organization, health maintenance organization, and indemnity benefit plans, in addition to health savings accounts and consumer-directed health plans.
Finally, American Homes 4 Rent (NYSE:AMH), ended its last trade with 1.54% gain, and closed at $16.48.
American Homes 4 Rent, declared that its Board of Trustees has authorized a share repurchase program under which the Company may repurchase up to $300 million of its outstanding Class A common shares.
“We believe that a share repurchase program provides the Company with an attractive investment alternative that is in the best interests of our shareholders, particularly in view of current share prices and market volatility,” said David Singelyn, the Company’s chief executive officer. “The program gives us flexibility to take advantage of an additional investment alternative on an opportunistic basis that would enhance shareholder value.”
Under the program, the Company may repurchase shares from time to time in the open market or in privately negotiated transactions, in compliance with applicable securities laws and regulations, counting Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing and amounts of any purchases will depend on a variety of factors, counting market conditions, regulatory requirements, share prices, capital availability and other factors as determined by the Company’s administration team. The repurchase program does not require the purchase of any minimum number of shares and may be suspended or suspended at any time without notice. The purchases will be funded with existing cash balances or the Company’s credit lines.
American Homes 4 Rent is a real estate investment trust. The firm engages in the acquisition, renovation, leasing, and operating single-family home rental properties in the United States. American Homes 4 Rent was founded in 2012 and is based in Malibu, California.
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