On Wednesday, Energy Transfer Equity LP (NYSE:ETE)’s shares declined -2.31% to $66.52.
Energy Transfer Equity LP (ETE) declared a two-for-one split of the Partnership’s outstanding common units. The Unit Split will be effected by a distribution of one common unit for each common unit outstanding and held by unitholders of record at the close of business on July 15, 2015. The Unit Split is predictable to be accomplished on July 24, 2015.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
Dollar Tree, Inc. (NASDAQ:DLTR)’s shares gained 1.79% to $79.08.
Dollar Tree, Inc. (DLTR) issued a press release announcing it had reached a definitive agreement to sell Sycamore Partners a divestiture package of 330 Family Dollar stores contingent on completion of Dollar Tree’s pending acquisition of Family Dollar Stores, Inc. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by this reference.
The information contained in this item is being furnished to the Securities and Exchange Commission. Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information shall not be deemed incorporated by reference into any registration statement or other document filed following the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which comprises candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food.
At the end of Wednesday’s trade, Raytheon Company (NYSE:RTN)‘s shares dipped -0.57% to $102.20.
Raytheon Company (RTN) is expanding its worldwide network of cybersecurity demonstration and research facilities with this week’s opening of its Global Cyber Solutions Center (GCSC) in Sterling, Va. The demonstration center provides a valuable resource for U.S. government agencies, other nations and major global companies to understand how to best protect their networks and apply the latest technologies and approaches, counting training, to their existing cybersecurity program.
The GCSC, which is located at the headquarters of Raytheon Intelligence, Information and Services, is a key enabler for customers to operate more securely and confidently as cyber related risks continue to enhance. At this center, the company can demonstration, test and assess new cyber products and services to determine how they can best integrate into a customer’s Cyber Security Operations Center (CSOC).
The facility is the latest addition to Raytheon’s global network of cyber centers that leverage the company’s decades of experience in cybersecurity and information assurance. Earlier this year, the company brought its Cyber Innovation Center online in the U.K., and has continued to expand the use of its Cyber Operations, Development and Evaluation (CODE) Center. The CODE Center, an advanced cyber range based in Northern Virginia, evaluates systems and hardware and emulates any size and type of networked environment, counting those used for critical infrastructure and in security operations centers.
Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. It operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information, and Services (IIS); Missile Systems (MS); and Space and Airborne Systems (SAS). The IDS segment provides integrated air and missile defense; radar solutions; naval combat and ship electronic systems; command, control, communications, computers, and intelligence solutions; and air traffic administration systems.
Apache Corporation (NYSE:APA), ended its Wednesday’s trading session with -1.09% loss, and closed at $58.95.
Apache Corporation (APA) declared a reorganization of the company’s operating regions and key leadership changes.
Streamlined organization
Following a series of acquisitions and divestitures over the last five years, Apache has accomplished a planned repositioning of its portfolio that emphasizes the growth potential of its North American business and the strong free-cash-flow-generation of its Egypt and North Sea assets. To realign organizational resources with the company’s updated portfolio, Apache is implementing a more integrated, super-region structure that will reduce redundancy and enhance operational efficiency.
The new organization comprises three super regions. In North America, the company is merging resources into two super regions: the Permian Region and the Houston Region. Apache’s Egypt Region, North Sea Region and Gulf of Mexico Region will form the International and Offshore Region.
The newly formed Houston Region will consolidate operational activities for the Eagle Ford, Anadarko Basin, Texas Panhandle and Canadian properties into one region. The Canadian properties will continue to be operated out of the existing Calgary, Alberta, office. The Permian Region will continue to comprise the Midland Basin and the Central Basin Platform operated out of Midland, Texas, with the Delaware Basin receiving separate and individualized administration in San Antonio, Texas, to realize the exceptional potential of these unconventional assets.
The Houston Region reorganization comprises closing Apache’s regional office in Tulsa, Okla., and relocating a number of Tulsa employees. This will consolidate employee expertise in a single office location to foster raised partnership and technology transfer among asset teams.
Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, and the Texas Panhandle, Gulf Coast areas of the United States, in addition to in Western Canada.
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