On Wednesday, Shares of Am Trust Financial Services Inc (NASDAQ:AFSI), lost -8.38% to $60.99.
AmTrust Financial Services, declared that it has accomplished the sale of 5,000,000 shares of its common stock to the underwriters in its formerly declared underwritten public offering. The Company will receive from the transaction $315.0 million priority to offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares at the same price per share. Morgan Stanley & Co. LLC and Citigroup acted as joint book-running managers of the offering. The offering is subject to customary closing conditions and is predictable to close on Monday, November 16, 2015.
The Company intends to use a portion of the net proceeds from this offering to finance its formerly declared Nationale Borg and Republic acquisitions. Other than in connection with these acquisitions, the Company presently intends to use the remainder of the net proceeds from this offering for general corporate purposes, which comprises working capital, capital expenditures and/or planned acquisitions.
AmTrust Financial Services, Inc., through its auxiliaries, underwrites and provides property and casualty insurance in the United States and internationally. It operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program.
Shares of Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA), declined -0.59% to $8.37, during its last trading session.
BBVA Compass, declared that its Chairman and CEO Manolo Sánchez has been elected to the American Bankers Association’s board of directors, joining CEOs from banks of all sizes on the ABA’s governing body.
Sánchez will serve a three-year term on the board, where he will represent the interests of the U.S. banking industry, BBVA Compass and the communities in the bank’s Sunbelt region. ABA, which serves as a united voice for the nation’s $16 trillion banking industry and its more than 2 million employees, provides educational benefits and programs for its members, represents the banking industry in Washington and speaks on behalf of it in the press.
“I’m honored to have this opportunity to serve on ABA’s board as it works to address some of the core issues the financial industry is facing,” Sánchez said. “We are part of an industry that will see immense change in the coming years — change on a scale similar to the revolutions that forever altered the music, media, retail and technology industries.”
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States.
Finally, Shares of ENSCO PLC (NYSE:ESV), ended its last trade with -4.87% loss, and closed at $17.40.
Ensco plc, declared that its Board of Directors has declared a regular quarterly cash dividend of US$0.15 per Class A ordinary share payable on 18 December 2015. The ex-dividend date for this payment is predictable to be 3 December 2015, with a record date of 7 December 2015.
Ensco uses its website to disclose material and non-material information to investors, customers, employees and others interested in the Company. To receive regular updates on Ensco news or SEC filings please sign-up for Email Alerts on the Company’s website.
Ensco plc (ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. For more than 28 years, the company has focused on operating safely and going beyond customer expectations. Ensco is ranked first in total customer satisfaction in the latest independent survey by Energy Point Research – the fifth successive year that Ensco has earned this distinction. Operating one of the newest ultra-deepwater rig fleets and the largest premium jackup fleet, Ensco has a major presence in the most planned offshore basins across six continents. Ensco plc is an English limited company (England No. 7023598) with its registered office and corporate headquarters at 6 Chesterfield Gardens, London W1J 5BQ.
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. The company operates through three segments: Floaters, Jackups, and Other. The company owns and operates offshore drilling rig fleet of 70 rigs, counting 10 drillships, 13 semisubmersible rigs, 5 moored semisubmersible rigs, and 42 jackup rigs located in North and South America, the Middle East and Africa, the Asia Pacific rim, Europe and the Mediterranean, and Brazil.