On Thursday, Cincinnati Bell Inc. (NYSE:CBB)’s shares declined -1.74% to $3.38.
Cincinnati Bell Inc. (CBB) declared that its partner plans to enter into a purchase agreement with CyrusOne Inc. (“CyrusOne”) to sell 4,300,000 operating partnership units (plus up to an additional 1,695,000 operating partnership units if the underwriters exercise their option described below) in CyrusOne’s operating partnership, CyrusOne LP. CyrusOne declared recently it had commenced the public offering of 11,300,000 shares of its common stock and granted the underwriters an option to purchase up to 1,695,000 additional shares, a portion of the net proceeds of which will be used to acquire operating partnership units from a partner of Cincinnati Bell.
Upon completion of the acquisition and of CyrusOne LP’s issuance of operating partnership units to CyrusOne in exchange for the remaining net proceeds from CyrusOne’s public offering, Cincinnati Bell anticipates to effectively own about 13.7% (or about 11.3% if the underwriters in CyrusOne’s public offering exercise their option to purchase additional shares of CyrusOne’s common stock in full, the net proceeds of which would be used to purchase additional operating partnership units from a partner of Cincinnati Bell) of CyrusOne through its interests in the outstanding shares of common stock of CyrusOne and its interests in the common units of limited partnership interest of CyrusOne LP, which are exchangeable into shares of common stock of CyrusOne.
DSW Inc. (NYSE:DSW)’s shares gained 0.17% to $30.13.
DSW Inc. (DSW), a leading branded footwear and accessories retailer, is pleased to announce a new DSW to Janss Marketplace on West Hillcrest Drive. The store will open on September 10, 2015.
DSW Inc., together with its auxiliaries, operates as a branded footwear and accessories retailer in the United States. The company operates through two segments, DSW and Associated Business Group. It offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids.
At the end of Thursday’s trade, Diodes Incorporated (NASDAQ:DIOD)‘s shares surged 11.39% to $21.81.
Diodes Incorporated ( DIOD), a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete, logic and analog semiconductor markets, today introduced the NIS5135. Designed to enhance system reliability against shutdown and catastrophic failures, this resettable electronic fuse is well-suited for plug and play applications in consumer applications including hard disc and solid state drives, printers, and set-top boxes. By allowing the product to recover, this e-fuse helps reduce unnecessary field returns.
Operating over a wide 3.1V to 18V input voltage range and rated at 3.6A, the NIS5135 integrates an NMOS power device with a low 30mΩ RDS(ON) for reduced power loss. It also features an internal current limit that avoids the voltage drop normally incurred by an external sense resistor in the load path. An over-voltage circuit limits the output voltage without shutting the device down, while downstream components are further protected from damage or premature failure by under-voltage lockout (UVLO) and thermal shutdown circuits, with latching (NIS5135MN1) or auto-retry (NIS5135MN2) options.
Diodes Incorporated, together with its auxiliaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog semiconductor markets primarily in Asia, North America, and Europe. The company principally focusses on low pin count semiconductor devices with one or more active and/or passive components.
Thomson Reuters Corp (NYSE:TRI), ended its Thursday’s trading session with 1.63% gain, and closed at $39.19.
Thomson Reuters declared the release of a special report, Estate Planning Portability is a Game-Change for Married Couples, to guide estate planners on the application of the portability provision, which allows a surviving spouse to inherit the deceased spouse`s residual gift and estate tax applicable exclusion amount.
Portability offers a noteworthy change in estate planning for married couples and may be one of planners` most effective tools for small and medium-sized estates. Congress introduced this taxpayer-friendly provision to simplify estate planning, and the recently released final regulations clarify the portability election rules. However, while this opportunity is incredibly useful, it is not automatic.
Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. The company sells electronic content and services to professionals primarily on a subscription basis. It operates through four segments: Financial & Risk, Legal, Tax & Accounting, and Intellectual Property & Science. The Financial & Risk segment offers news, and information and analytics, in addition to enables transactions and brings together communities that allow trading, investing, financial, and corporate professionals to connect.
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