On Wednesday, Shares of Williams Companies, Inc. (NYSE:WMB), gained 6.21% to $53.21.
The Williams Companies, and Williams Partners L.P. (WPZ) declared a contract under which Williams will acquire all of the public outstanding common units of Williams Partners in an all stock-for-unit transaction at a 1.115 ratio of Williams common shares per unit of Williams Partners. The implied Williams Partners unit price as of May 12, 2015 represents a 14.5% premium to its 10-trading day average closing price and a 12.6% premium to its 20-trading day average closing price.
Upon completion of the projected transaction, predictable to occur in the third quarter of 2015, the combined entity is anticipated to be one of the largest and fastest-growing high-dividend paying C-Corps in the energy sector with an industry-leading 10 percent to 15 percent annual dividend growth rate through 2020. The combined entity is predictable to generate adjusted EBITDA of about $5.4 billion in 2016. The combined entity anticipates to pay a third quarter 2015 dividend of $0.64 per share, or $2.56 per share on an annual basis, up 6.7 percent over Williams’ formerly planned third quarter 2015 dividend of $0.60 per share. Dividends for 2016 are predictable to total $2.85 per share, about 20 percent above Williams’ formerly guided 2015 dividend and 6.3 percent above its formerly guided 2016 dividend. The predictable quarterly dividend enhances are subject to quarterly approval of the company board of directors.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
Shares of Hewlett-Packard Company (NYSE:HPQ), inclined 1.15% to $33.30, during its last trading session.
Hewlett-Packard Company, declared that it will start selling later this month Sprout by HP through its commercial channel in the U.S. With its dual touchscreen display and HP Touch Mat, instant capture capability and remote partnership capabilities, Sprout enables improved creativity and partnership for commercial and education markets.
Sprout is the world’s first immersive computer. At its core a high-performance All-In-One PC, Sprout’s revolutionary new features blend the physical and digital worlds everyone creates in, allowing users to go from thought to expression in an instant.
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to the government, health, and education sectors worldwide.
At the end of Wednesday’s trade, Shares of Southern Company (NYSE:SO), lost -0.21% to $42.84.
Leaders from Georgia Power, Southern Wholesale Energy, United Renewable Energy LLC and Dalton Utilities gathered this past week for a ribbon-cutting ceremony to mark the latest expansion of the Dalton Solar Plant in Dalton, Ga. With more than seven megawatts (MW) of new generation capacity, this expansion adds to the about 700 kilowatts from two previous phases, which came online in 2011 and 2012, respectively.
Georgia Power leases property for the solar facility from Dalton Utilities, and Dalton Utilities purchases 100 percent of the output from the solar plant under a 25-year wholesale power purchase agreement with Georgia Power. Dalton Utilities will maintain all of the renewable energy credits associated with this transaction. Dalton Utilities provides potable water, electric, natural gas, wastewater, storm water and telecommunications services to customers in Dalton and surrounding counties.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
Finally, Express Scripts Holding Company (NASDAQ:ESRX), ended its last trade with -0.13% loss, and closed at $85.78.
As pharmaceutical companies introduce more high-cost medications for larger populations, employers, health plans and others are increasingly challenged to control the noteworthy enhance in spending that happens as a result, according to new research released this week by Express Scripts during its annual Outcomes Symposium.
The new report, Super Spending: U.S. Trends in High-Cost Medication Use, examines prescription drug use among patients with surpassingly high annual medication costs under the pharmacy benefit. The number of U.S. patients estimated to have annual medication costs greater than $50,000 jumped 63 percent between 2013 and 2014, from 352,000 to 576,000 Americans. The population of patients estimated to be taking at least $100,000 worth of medication nearly tripled in the same time period, from 47,000 to 139,000 Americans.
Express Scripts Holding Company operates as a pharmacy benefit administration (PBM) company in the United States and Canada. The company operates through two segments, PBM and Other Business Operations.
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