On Monday, Magna International Inc. (USA) (NYSE:MGA)’s shares declined -0.82% to $49.47.
Magna International Inc. (MGA) declared that it has reached an underwriting agreement providing for the issuance of U.S. $650 million aggregate principal amount of its senior unsecured notes following an effective shelf registration statement formerly filed with the Securities and Exchange Commission.
The notes will bear interest at an annual rate of 4.150% and will mature on October 1, 2025 . The offering is predictable to close on September 23, 2015 , subject to customary closing conditions.
Magna intends to use the net proceeds from the offering for general corporate purposes, counting capital expenditures and the formerly declared acquisition of the Getrag Group of Companies.
Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.
The notes are not being qualified for distribution in Canada but will be offered in Canada on a private placement basis.
Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments. The company offers body and chassis systems, and related engineering services; seating systems, counting complete seating systems, seat structures and mechanisms, and foam and trim products; interior components and systems, such as garnish and hard trim, soft trim, instrument panels and consoles, overhead systems, and door panels, in addition to powertrain systems, such as driveline systems, fluid pressure and controls, metal forming solutions, and engineering services and system integration solutions.
Boeing Co (NYSE:BA)’s shares dropped -0.03% to $136.05.
Boeing [NYSE: BA] declared that 747 fuselage panels will be built at its Macon, Georgia facility starting in 2018.
Boeing will take over the work from Triumph Aerostructures – Vought Aircraft Division, a wholly owned partner of Triumph Group, Inc., with the Macon site providing assembled fuselage panels to Boeing’s 747 final assembly line in Everett, Washington. Boeing and Triumph Aerostructures have worked together to ensure a smooth transition for the 747 supply chain.
Boeing and Triumph Aerostructures have worked together for many months to ensure a smooth transition for the 747 supply chain. As part of this detailed process, the Boeing team selected the Boeing Defense, Space & Security Macon facility for 747 fuselage panel work.
Defense work presently performed at the Macon site comprises replacement center wing sections for the A-10 Thunderbolt II, in addition to sub-assemblies for the CH-47 Chinook helicopter. Fuselage panels for the C-17 Globemaster transport airplane were also produced at the site until earlier this year.
The Boeing Company, together with its auxiliaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.
At the end of Monday’s trade, NXP Semiconductors NV (NASDAQ:NXPI)‘s shares surged 0.30% to $90.35.
Neology, a leader in secure, high-value Radio Frequency Identification (RFID) solutions, will team up with NXP Semiconductors, provider of Security and Connectivity solutions for Identification and Automotive markets, to jointly showcase innovative traffic administration and vehicle ID systems at the IAA Cars 2015 trade show in Frankfurt, Germany.
This year’s edition of the world-renowned show boasts some 1,100 exhibitors and introduces a new exhibition section called New Mobility World in Hall 3.1. NXP and Neology will jointly host an exhibit in the Urban Solution Market area of the new section, and demonstrate several innovative Neology technology solutions utilizing NXP’s UCODE DNA, RFID market’s first passive tag IC that combines exceptional long-range performance together with cutting-edge cryptographic security. The UCODE DNA integrated circuit with 3KB of memory is designed for Automatic Vehicle Identification use cases such as electronic road tolling, vehicle registration, access control and asset tracking, in addition to parking and vehicle license-plate authentication.
Neology will introduce its RFID License Plate solution, powered by UCODE DNA, which for the first time features theft prevention and law-enforcement notification in case of plate tampering or unauthorized transfer. A self-declaration feature for electronic road tolling is also comprised of, highlighting the innovative multi-use capability of the Neology RFID plate. In addition, Neology’s highly successful Urban Pass solution will also demonstrate an innovative approach to problems of urban mobility due to growing congestion in cities worldwide.
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide.
Cal-Maine Foods Inc (NASDAQ:CALM), ended its Monday’s trading session with 0.39% gain, and closed at $55.94.
Cal-Maine Foods, Inc. (CALM) declared that the Company will release its first quarter fiscal 2016 financial results on Monday, September 28, 2015. A press release will be issued proceeding to the open of market trading.
Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally improved, cage free, organic, and brown eggs under the Egg-Land’s Best, Land O Lake, Farmhouse, and 4-Grain brand names, in addition to under private labels.
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