On Thursday, Oshkosh Corporation (NYSE:OSK)’s shares declined -4.18% to $51.53.
Oshkosh Corporation (OSK) declared that it has commenced an offer to exchange all of its outstanding 5.375% Senior Notes due 2025 (the “Original Notes”) for new 5.375% Senior Notes due 2025 (the “New Notes”) that have been registered under the Securities Act of 1933, as amended.
The terms of the New Notes to be issued in the exchange offer are substantially identical to those of the Original Notes, except that the New Notes will not have securities law transfer restrictions and the registration rights regarding the Original Notes and the New Notes will not provide for the payment of additional interest under circumstances regarding the timing of the exchange offer.
The exchange offer will expire at 5:00 p.m., New York City time, on June 24, 2015, unless extended by Oshkosh Corporation. Valid tenders of the Original Notes must be made, and may be withdrawn at any time, before the exchange offer expires.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. Its Access Equipment segment offers aerial work platforms and telehandlers used in construction, agricultural, industrial, institutional, and general maintenance applications.
KNOT Offshore Partners LP (NYSE:KNOP)’s shares dropped -4.04% to $23.76.
KNOT Offshore Partners LP (KNOP) declared that it has priced its public offering of 5,000,000 common units, representing limited partner interests, at a price of $23.76 per unit. The Partnership has granted the underwriters a 30-day option to purchase up to an additional 750,000 common units.
The Partnership intends to use the net proceeds that it receives in the offering and the related capital contribution by its general partner to maintain its 2% general partner interest to fund the cash portion of the purchase price of its formerly declared acquisition of the shuttle tanker, Dan Sabia, from Knutsen NYK Offshore Tankers AS (the “Acquisition”) and a prepayment on the senior secured loan facility related to the Dan Sabia, and the remainder for general partnership purposes. If the Acquisition does not close, the Partnership will use the net proceeds from the offering and the related capital contribution by its general partner for general partnership purposes.
KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. As of March 25, 2015, it had a fleet of eight shuttle tankers.
At the end of Thursday’s trade, Momo Inc (ADR) (NASDAQ:MOMO)‘s shares dipped -4.03% to $18.34.
Momo Inc (ADR) (MOMO) declared its unaudited financial results for the first quarter, 2015.
First Quarter 2015 Highlights
- Net revenues raised 383% year over year to $26.3 million, surpassing the Company’s guidance between $24 million and $26 million.
- Net income attributable to Momo Inc. was $6.7 million, contrast to a net loss of $1.2 million for the same period last year.
- Non-GAAP net income attributable to Momo Inc. (note 1) was $9.4 million contrast to a non-GAAP net loss of $0.3 million for the same period last year.
- Diluted net income per American Depositary Share (“ADS”) was $0.03, contrast to a diluted net loss per ADS of $0.08 for the same period last year.
- Non-GAAP diluted net income per ADS (note 1) was $0.05, contrast to a non-GAAP diluted net loss per ADS of $0.06 for the same period last year.
First Quarter 2015 Financial Results
Net revenues
Total net revenues were $26.3 million in the first quarter of 2015, an enhance of 383% from $5.4 million during the same quarter of 2014.
Membership subscription revenues were $13.0 million in the first quarter of 2015, an enhance of 311% from $3.2 million during the same period of 2014. Members are Momo users who have paid the subscription fees for the membership services. The enhance in membership subscription revenues was primarily driven by the noteworthy growth in the number of Momo members, which was in turn driven by the Company’s growing user base. Momo members reached 3.1 million as of March 31, 2015, up from 1.3 million as of March 31, 2014.
Momo Inc. operates as a mobile-based social networking platform in the People’s Republic of China. The company’s platform comprises its Momo mobile application and various related features, functionalities, tools, and services that are offered to users, customers, and platform partners. Its Momo mobile application enables users to establish and expand their social relationships based on locations and interests.
Canadian Pacific Railway Limited (USA) (NYSE:CP), ended its Thursday’s trading session with -3.94% loss, and closed at $167.84.
Canadian Pacific Railway Limited (USA) (CP) declares that all resolutions placed in front of shareholders at its 2015 annual meeting (AGM) held in Calgary earlier recently, counting the election of all 13 nominees listed in the administration proxy circular dated March 17, 2015 as directors of CP, have been passed.
CP shareholders also approved the adoption of the Advance Notice By-Law to establish a framework for advance notice of nominations of directors by the shareholders of CP. The purpose of the Advance Notice By-Law is to ensure that an orderly nomination process is observed and that shareholders can make a well-informed voting decision about director nominees.
Additionally, shareholders approved a special resolution to authorize the holding of meetings of shareholders within Canada or the United States of America as the directors may from time to time determine, counting, but not limited to, Chicago, Illinois, Minneapolis, Minnesota, Saint Paul, Minnesota and New York, New York.
Canadian Pacific Railway Limited, through its auxiliaries, operates a transcontinental railway in Canada and the United States. The company provides logistics and supply chain expertise services. It transports bulk commodities, counting grain, coal, fertilizers, and sulphur; and intermodal traffic comprising retail goods in overseas containers that can be transported by train, ship, and truck, in addition to in domestic containers and trailers that can be moved by train and truck.
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