On Monday, Shares of Oracle Corporation (NYSE:ORCL), lost -3.91% to $36.08.
Oracle Corporation declared that it has signed a contract to acquire Maxymiser, a leading provider of cloud-based software that enables marketers to test, target and personalize what a customer sees on a Web page or mobile app, substantially increasing engagement and revenue. Maxymiser optimizes over 20 billion customer experiences per month for brands such as Allianz, HSBC, Lufthansa, Tommy Hilfiger and Wyndham.
Oracle Marketing Cloud is already the fastest growing software platform for modern marketers in the world. The addition of Maxymiser to Oracle Marketing Cloud will strengthen the most comprehensive solution to manage marketing programs across all digital channels and across the customer lifecycle.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.
Shares of Whiting Petroleum Corp. (NYSE:WLL), declined -5.87% to $14.91, during its last trading session, hitting its lowest level, as oil’s weeks-long slump accelerated sharply on Monday with prices tumbling as much as 6 percent to fresh 6-1/2-year lows as a renewed dive in the Chinese equities market sent global financial markets into a tailspin, according to Reuters.
Oil’s biggest one-day drop in nearly two months suggested that worst-case fears over the economic outlook in China, the world’s second-largest oil consumer, have eclipsed immediate signs of persistent oversupply as the main motivator. Reuters Reports
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.
Finally, Renewable Energy Group, Inc. (NASDAQ:REGI), ended its last trade with -7.31% loss, and closed at $8.12, hitting its lowest level.
Renewable Energy Group accomplished its acquisition Wednesday of substantially all the assets of Imperium Renewables, Inc., the Company declared recently.
REG paid Imperium $15.0 million in cash and issued 1.675 million shares of REG common stock in exchange for substantially all of Imperium’s assets, counting the 100-million gallon nameplate biodiesel refinery and terminal at the Port of Grays Harbor, WA. For two years post-closing, Imperium may receive up to $0.05/gallon for biodiesel produced and sold at Grays Harbor. REG assumed $5.2 million of Imperium’s debt from Umpqua Bank, which has agreed to provide the newly named REG Grays Harbor, LLC with an additional loan capacity of up to $5.0 million to fund capital expenditures and improvements at the facility. In addition, Imperium retained its net working capital value of about $25 million.
Most of Imperium’s employees have agreed to stay on with REG. The Grays Harbor location comprises 18 million gallons of storage capacity and a terminal that can accommodate feedstock intake and fuel delivery on deep-water PANAMAX class vessels in addition to possessing noteworthy rail and truck transport capabilities. A formal grand opening will be declared later.
Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the United States. It operates through two segments, Biomass-Based Diesel and Services. The Biomass-Based Diesel segment acquires feedstock; manages, constructs, and operates biomass-based diesel production facilities; and markets, sells, and distributes biomass-based diesel and its co-products.
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