On Monday, Seagate Technology PLC (NASDAQ:STX)’s shares declined -1.91% to $42.07.
Reduxio is backed by Seagate Technology PLC (NASDAQ: STX), Reduxio Systems (Reduxio) won the Best of Show award in the Virtualization and Cloud Infrastructure category at VMworld 2015. Reduxio was recognized for its new HX550 Flash Hybrid storage system that eliminates the complexity that is associated with managing storage systems and its introduction of BackDating™ — a technology that obsoletes snapshots and simplifies the recovery of applications and data.
Unlike snapshots, which only provide infrequent discrete recovery points that have to be planned and configured upfront, BackDating operates like a continuous data recorder — it lets an administrator clone or restore a volume to any point in time in the history of the system. This, combined with the flash-first architecture, enabled by the Tier-X™ tiering engine and the NoDup™ inline global dedupe and compression, makes the HX550 the most cost effective flash storage solution for enterprise applications.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. It provides hard disk drives, solid state hybrid drives, solid state drives, PCIe cards, and serial advanced technology architecture controllers that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, digital media systems, and surveillance systems.
Anheuser Busch Inbev SA (ADR)(NYSE:BUD)’s shares dropped -3.46% to $105.72.
Anheuser-Busch InBev (AB InBev) (BUD) notes the declarement made by SABMiller plc. AB InBev confirms that it has made an approach to SABMiller’s Board of Directors regarding a combination of the two companies. AB InBev’s intention is to work with SABMiller’s Board toward a recommended transaction.
There can be no certainty that this approach will result in an offer or agreement, or as to the terms of any such agreement.
A further statement will be made as appropriate.
In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the “Code”), AB InBev must, by not later than 5.00 p.m. on Wednesday 14 October, 2015, either declare a firm intention to make an offer for SABMiller in accordance with Rule 2.7 of the Code or declare that it does not intend to make an offer for SABMiller, in which case the declarement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of SABMiller and the Takeover Panel in accordance with Rule 2.6(c) of the Code.
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of about 200 beer brands, which comprises Budweiser, Corona, Stella Artois, Beck’s, Leffe, Hoegaarden, Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass, and Jupiler. Anheuser-Busch InBev SA/NV was founded in 1366 and is headquartered in Leuven, Belgium.
At the end of Monday’s trade, Suncor Energy Inc. (USA)(NYSE:SU)‘s shares dipped -1.60% to $25.87.
Suncor Energy recently declared that it has agreed to purchase an additional 10 per cent working interest in the Fort Hills oil sands project from Total E&P Canada Ltd., for total aggregate consideration of $310 million at the time of declarement. As a result of this transaction, Suncor’s incremental capital enhance to Fort Hills is estimated at just over $1 billion of which about $700 million is remaining project spend. Upon closing, Suncor’s partnership share in the $15 billion project will enhance to 50.8 per cent.
As part of the transaction, Suncor acquires a further proportionate interest in Fort Hills related logistics, counting pipelines, storage terminals and third-party pipeline capacity agreements. The Fort Hills project is located in Alberta’s Athabasca region, 90 kilometres north of Fort McMurray.
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading, and Eliminations segments.
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), ended its Monday ‘s trading session with -2.43% loss, and closed at $68.95.
SS&C Technologies Holdings, Inc. (SSNC), a global provider of financial services software and software-enabled services, declared that its Black Diamond ® wealth platform was recognized as the top technology provider for “Client Portals” and “Portfolio Administration” at the inaugural 2015 WealthAdministration.com Industry Awards. The Black Diamond ® wealth platform was also selected as a finalist in the category of “Innovation.” The winners were declared Thursday, September 24th at the Mandarin Oriental in New York City .
The WealthAdministration.com Industry Awards program recognizes the companies and organizations that support financial advisor success. Submissions were evaluated by a panel of judges counting top editorial staff at WealthAdministration.com, practicing advisors, industry analysts, consultants, and other advisory industry participants.
SS&C Technologies Holdings, Inc. provides software products and software-enabled services to financial services providers in North America, Europe, Asia, Australia, and Africa. The company’s products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions comprising portfolio administration and reporting; and back-office functions, counting accounting, performance measurement, reconciliation, reporting, processing, and clearing.
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