On Tuesday, Shares of MGM Resorts International (NYSE:MGM), gained 0.15% to $19.71.
Land and Buildings Investment Administration, issued the following statement regarding MGM Resorts International (MGM):
Dear Fellow MGM Shareholders:
Since our initial engagement with MGM in January 2015, the Company and its insider shareholders have finally taken a series of steps that, in our view, can assist address the Company’s persistent undervaluation and underperformance. We strongly believe that these actions would not have taken place (at least in any timely manner) without the public involvement of a concerned shareholder such as Land and Buildings. These steps comprise, but are not limited to:
- The hiring of financial advisors to assist the Company in evaluating the separation of its real estate holdings from MGM’s operating business through the formation of a REIT;
- The encouraging public statements by Kirk Kerkorian’s Tracinda organization (which has two representatives on the MGM board of directors (the “Board”) and an 18% ownership interest in MGM) regarding its support of evaluating “all avenues” to deliver value at MGM, counting a potential REIT conversion, in addition to its commitment to the highest standard of compensation practices;
- The raised focus in the Company’s public statements, such as during its most recent earnings call on May 4, 2015, on return on invested capital, real estate monetization through the sale of “any of our assets” and dividend policy to reduce leverage at the parent Company; and
- The termination of the Company’s “dead-hand proxy put.”
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
Shares of Noble Energy, Inc. (NYSE:NBL), declined -1.95% to $44.23, during its last trading session.
Noble Energy, Inc., declared that members of its executive administration team will take part in the 2015 National Association of Publicly Traded Partnerships (“NAPTP”) Investor Conference on May 21-22.
John T. Lewis, Chairman of the Board and Chief Executive Officer of CONE Midstream GP LLC will give a presentation of the company’s operations and recent activities on Friday, May 22, at 10:45 a.m. Eastern Time. An audio webcast of the presentation will be accessible at http://wsw.com/webcast/naptp8/cnnx/. A link to the webcast and the slides used in the presentation will be posted on the “Events and Presentations” page of the CNNX website, www.conemidstream.com, preceding to the start of the conference.
Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide. Its principal projects are located in onshore DJ Basin and Marcellus Shale, the United States; the deepwater Gulf of Mexico; offshore West Africa; and offshore Eastern Mediterranean.
At the end of Tuesday’s trade, Shares of TD Ameritrade Holding Corp.(NYSE:AMTD), gained 0.35% to $37.70.
TD Bank, America’s Most Convenient Bank®, aims to raise more than $1 million for Special Olympics chapters across its Maine-to-Florida footprint over the coming weeks.
TD Ameritrade Holding Corporation provides securities brokerage services and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States.
Finally, CA, Inc. (NASDAQ:CA), ended its last trade with -0.06% loss, and closed at $31.73.
CA Technologies (CA) has been named one of the 2015 “Best Companies for Multicultural Women” by Working Mother magazine. This honor recognizes CA Technologies as one of the 25 U.S. corporations that create and use best practices to make sure women of color employees advance and excel.
“At CA, we celebrate and thrive on differences. We believe innovation is fostered in an inclusive and diverse workplace,” said Beth Conway, vice president, human resources for CA Technologies. “To achieve excellence and success we must have the best people, and we are happy that Working Mother has acknowledged our commitment to providing the best talent looking across all the different strands of gender, ethnicity, sexual orientation, age, religion, culture and level of physical ability”.
CA, Inc. provides information technology (IT) administration software and solutions that assist organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. The company operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services.
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 through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
