On Tuesday, in the course of current trade, Shares of Paypal Holdings Inc (NASDAQ:PYPLV), climbed 0.49%, and is now trading at $36.96.
PayPal Holdings, revealed holding 7.05 million shares in Xoom Corporation (NASDAQ:XOOM), which represent 17.9% of Xoom’s outstanding common stock. In addition to that, the filing revealed that both companies had reached a contract and Plan of Merger, under the terms of which, each outstanding share of Xoom Corporation will be canceled and converted into the right to receive $25.00 in cash. The transaction price yields a premium of 32% above Xoom’s average price over the past three months and has a total value of around $890 million.
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, in addition to at offline retail locations through a range of payment solutions across company’s payments platform, counting PayPal, PayPal Credit, Venmo, and Braintree products.
During an Afternoon trade, Shares of Energizer Holdings, Inc. (NYSE:ENR), dipped - 2.44%, and is now trading at $2.44.
Energizer Holdings, declared that its newly formed Board of Directors initiated a dividend program by declaring a dividend of $0.25 per share of common stock, payable on September 9, 2015, to all shareholders of record as of the close of business on August 19, 2015. Subject to declaration by the Board, Energizer anticipates paying a $0.25 per share cash dividend each quarter, with predictable dividend payment dates in March, June, September and December. Future declarations of dividends are subject to Board approval and may be adjusted at the discretion of the Board, as business needs or market conditions change.
The Board of Directors also approved an authorization for the company to acquire up to 7.5 million shares of its common stock. The Company anticipates to purchase shares from time to time in open market transactions. The timing and the amount of any purchases will be determined by the Company based on its evaluation of market conditions, capital allocation objectives, legal and regulatory requirements and other factors.
Energizer Holdings, Inc. manufactures and markets primary batteries and portable lighting products under the Energizer and EVEREADY brands worldwide. The company offers lithium, performance alkaline, alkaline, carbon zinc, silver zinc, zinc air, nickel metal hydride, nickel cadmium, and lithium ion batteries; and hearing aid, photo, and specialty batteries, in addition to battery chargers.
Finally, Ball Corporation (NYSE:BLL), gained 0.24% Tuesday.
Ball Aerospace & Technologies Corp. salutes NASA, the John Hopkins Applied Physics Laboratory and the Southwest Research Institute (SwRI) for bringing us never-before-seen images of the dwarf planet Pluto from the New Horizons mission. Ball’s Ralph instrument is the “eyes” of the new Horizons mission and has travelled for nearly a decade through the extreme cold and radiation of space to map Pluto and its moons.
“The important accomplishment of New Horizons speaks to the ingenuity NASA has employed again and again to push the frontiers of space and human knowledge,” said Jim Oschmann, vice president and general manager for Ball’s Civil Space and Technology business unit. “This was a once-in-a-lifetime opportunity to study Pluto and waiting a decade to get there was well worth it.”
Ball Corporation, together with its auxiliaries, supplies metal packaging products to the beverage, food, personal care, and household products industries worldwide. It operates in four segments: Metal Beverage Packaging, Americas and Asia; Metal Beverage Packaging, Europe; Metal Food and Household Products Packaging; and Aerospace and Technologies.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
