On Friday, Shares of Magnum Hunter Resources Corp (NYSE:MHR), lost -7.19 % to $0.704.
Magnum Hunter Resources Corporation, declared that on August 31, 2015, it received notice from the New York Stock Exchange hat the Company is no longer in compliance with the NYSE’s continued listing standards for the Company’s common stock because the average closing price of the Company’s common stock has fallen below the NYSE’s per share price requirements. NYSE rules require that the average closing price of a listed company’s common stock be at least $1.00 per share over a successive 30 trading-day period. As of August 26, 2015, the average closing price of the Company’s common stock over the preceding successive 30 trading-day period was $0.99 per share.
Under the NYSE’s rules, the Company has a period of six months, subject to possible extension, to regain compliance with the NYSE’s continued listing standards. The Company can regain compliance if, during the six-month period following receipt of the NYSE notice, on the last trading day of any calendar month, the Company’s common stock has a closing price and a 30 trading-day average closing price of at least $1.00 per share. The Company’s common stock will continue to be listed and traded on the NYSE during this period under the symbol “MHR,” but the NYSE will assign a “.BC” indicator to the symbol to denote that the Company is below the NYSE’s quantitative continued listing standards. The Company intends to properly notify the NYSE that it anticipates that this price deficiency will be cured and that it will return to compliance with the NYSE’s continued listing standards preceding to the expiration of this six-month period.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.
Shares of Dunkin Brands Group Inc (NASDAQ:DNKN), declined -0.18% to $48.84, during its last trading session.
Dunkin’ Donuts, declared the signing of a multi-unit store development agreement with new franchise group, Ozark Donuts, LLC, to develop three new restaurants in Springfield, Missouri. The first restaurant is planned to open at 4020 S. Campbell Avenue in December 2015, with the remainder opening by 2019.
Led by Thomas and Cory Roebuck, these new franchises possess over 30 years of experience in the restaurant and retail industries. Together, this father and son team will manage and oversee the construction and operations for each Dunkin’ Donuts restaurant.
“We are excited to expand the brand’s presence in Missouri and play an important role in the daily lives of people who live, work and visit here,” said Cory Roebuck, Dunkin’ Donuts franchisee. “We have a passion and loyalty for the Dunkin’ Donuts brand and look forward to opening our restaurants in the years to come.”
Franchise opportunities still remain available in Joplin, Missouri and Tulsa, Oklahoma. To assist fuel growth in Missouri and Oklahoma, special development incentives are available which comprise reduced royalty fees for three years and up to $5,000 in local store marketing support for timely openings.
In an effort to keep the brand fresh and competitive, Dunkin’ Donuts offers flexible concepts for any real estate format counting freestanding restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities, in addition to other retail environments.
Dunkin Brands Group, Inc., together with its auxiliaries, develops, franchises, and licenses quick service restaurants under the Dunkin Donuts and Baskin-Robbins brands worldwide. The company operates through four segments: Dunkin’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins U.S., and Baskin-Robbins International.
Finally, Synopsys, Inc. (NASDAQ:SNPS), ended its last trade with -1.15% loss, and closed at $46.60.
Synopsys declared that its Board of Directors has replenished its existing stock repurchase authorization back to $500 million.
“Synopsys is committed to our long-term operating model, a key component of which is an ongoing program of returning value to shareholders while ongoing to invest in the business for future growth,” said Trac Pham, chief financial officer of Synopsys. “We are happy to be in a position to extend our share repurchase program with this new authorization, and we will continue to balance near-term returns of capital to stockholders, debt reduction and planned investments to drive shareholder value.”
Synopsys’ Board of Directors originally approved the stock repurchase program in 2002 and has periodically replenished the program as funds are spent. The program does not obligate Synopsys to acquire any particular amount of common stock, and the program may be suspended or terminated at any time at Synopsys’ discretion.
Synopsys, Inc. provides electronic design automation (EDA) software products used to design and test integrated circuits and electronic systems in the United States, Europe, Japan, and the rest of Asia Pacific.
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