On Tuesday, Shares of Lexington Realty Trust (NYSE:LXP), gained 1.11% to $8.19.
Lexington Realty Trust, declared Claire A. Koeneman, a veteran of the financial communications industry, designated to its Board of Trustees effective September 10, 2015.
“Claire has proven leadership experience in communications and administration,” said T. Wilson Eglin, Lexington’s Chief Executive Officer. “We believe Claire will further strengthen our board’s breadth of talent and background, and we are delighted for her to join our team.”
Koeneman is an Executive Vice President for Hill+Knowlton Strategies, a global public relations firm with offices in 51 countries. She has over 20 years of expertise in corporate communications and is a planned advisor to CEOs and boards of directors on all types of communications needs. Additionally, Koeneman manages the U.S. Central Region and heads the U.S. financial communications practice.
Preceding to joining H+K, Koeneman served as president of Financial Relations Board where she partnered with senior administration teams to assist maximize their valuation and enhance their corporate reputation. In addition to running the firm’s real estate and REIT practice, Koeneman also developed substantial expertise in transaction-related communications. She holds an MBA in finance from the University of Chicago Booth School and a BA from Smith College. Additionally, she serves as a diplomat to the Principality of Monaco in its Honorary Consular Corps.
Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States.
Shares of Toronto-Dominion Bank (NYSE:TD), inclined 0.69% to $39.29, during its last trading session.
The Toronto-Dominion Bank, declared that it intends to exercise its right to redeem on October 30, 2015 and November 2, 2015, respectively, all of its outstanding $800 million 4.97% subordinated debentures due October 30, 2104 and all of its outstanding $1 billion 3.367% subordinated debentures due November 2, 2020 , each at a redemption price of 100 per cent of the principal amount. Notice will be delivered to the debenture holders in accordance with the debenture conditions. Interest on the debentures will cease to accrue on and after the respective Redemption Date.
The Toronto-Dominion Bank, together with its auxiliaries, provides financial and banking services in North America and internationally. The company operates through Canadian Retail, U.S. Retail, and Wholesale Banking segments.
At the end of Tuesday’s trade, Shares of Forest City Enterprises, Inc. (NYSE:FCE.A), gained 0.63% to $20.65.
Forest City Enterprises, declared that it had reached a contract and plan of merger by and among Forest City, Forest City Realty Trust, Inc., FCILP, LLC and FCE Merger Sub, Inc., which was signed on September 15, 2015. As of the date of hereof, (i) Forest City REIT is a wholly-owned direct partner of Forest City incorporated under the laws of the state of Maryland, (ii) FCILP is a wholly-owned direct partner of Forest City REIT organized under the laws of the state of Delaware and (iii) Merger Sub is an Ohio corporation and is a wholly-owned partner of Forest City REIT owned in part directly and in part through Forest City REIT’s interest in FCILP.
As formerly revealed, the merger is just one step in a series of transactions that will result in Forest City’s conversion to real estate investment trust status commencing with the taxable year ending December 31, 2016. If the Merger is effected, Forest City will become a wholly owned partner of Forest City REIT, with Class A and Class B common stock of Forest City, being exchanged on a one-for-one basis for Class A and Class B shares, respectively, of Forest City REIT. Forest City shareholders will be asked to approve the Merger Agreement at a special meeting of shareholders to be held on October 22, 2015.
Forest City Enterprises, Inc. acquires, owns, develops, and manages commercial and residential real estate and land in the United States. The company’s Commercial group acquires, owns, develops, and operates regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects, in addition to operates Barclays Center, a sports and entertainment arena located in Brooklyn, New York.
Finally, RR Donnelley & Sons Co (NASDAQ:RRD), ended its last trade with 1.66% gain, and closed at $15.28.
RR. Donnelley & Sons Company, declared that its Lynchburg, Va. facility has been recertified to Voluntary Protection Program (VPP) Star Status by the Occupational Safety & Health Administration (OSHA). VPP certification is attained only after an organization undergoes a rigorous onsite evaluation conducted by a team of health and safety professionals. Star Status certification is the highest certification level granted by OSHA. RR Donnelley maintains five OSHA VPP Star Status-certified facilities.
Achievement of VPP certification requires employees, administration, and OSHA to work cooperatively and proactively to prevent fatalities, injuries, and illnesses through a system focused on hazard prevention and control; worksite analysis; training; administration commitment and worker involvement. Inclusion into the VPP is OSHA’s official recognition of the outstanding efforts of employers and employees who have achieved exemplary occupational safety and health compliance and performance.
R.R. Donnelley & Sons Company provides integrated communications solutions to private and public sector clients in the United States and internationally. The company operates through Publishing and Retail Services, Variable Print, Planned Services, and International segments.
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