On Thursday, Shares of Monsanto Company (NYSE:MON), lost -0.37% to $91.28.
Linamar Corporation, declared its intention to file a Tender Offer for 100% of the outstanding shares and voting rights of Montupet S.A. (MON), at €71.53 per share in cash, representing a premium of 15.5% contrast to the closing price of Montupet shares as of October 14 th, 2015 and a premium of 26.7% contrast to the 30-day Volume Weighted Average Price. The implied transaction value for 100% of Montupet is about €771 million (or $1.16 billion Canadian at $1 . 50CAD per €). In addition, Linamar would assume the net debt of Montupet, which was €65 million as of June 30 th, 2015. Montupet is a global leader in the design and manufacture of complex aluminum castings for the global automotive industry with sales and production facilities diversified across several European countries, North America and Asia . The business combination represents a note worthy milestone in Linamar’s strategy to create global leadership in the integrated casting and machining of aluminum components for the automotive sector.
In addition, Linamar has reached a Tender Offer Agreement with Montupet S.A. following which Montupet, among other things, has agreed to support Linamar’s Tender Offer and not solicit other bids.
Further, Montupet’s senior managers and anchor shareholders, who collectively own about 36.6% of Montupet’s outstanding shares, have individually reached Undertaking to Tender Agreements with Linamar following which they have agreed to tender their shares to Linamar’s Tender Offer. As part of this, the senior managers and anchor shareholders have agreed to remain with the company for at least one year after the acquisition closes.
Monsanto Company, together with its auxiliaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, counting corn, soybean, cotton, and canola seeds principally under the DEKALB, Channel, Asgrow, and Deltapine brands; and vegetable seeds compriseing of tomato, pepper, melon, cucumber, pumpkin, squash, beans, broccoli, onions, lettuce, and other seeds under the Seminis and De Ruiter brands.
Shares of Skyworks Solutions Inc (NASDAQ:SWKS), inclined 5.18% to $81.69, during its last trading session.
Skyworks Solutions, declared that TP-LINK’s newest router OnHub is being enabled by semiconductor content from Skyworks. The product leverages more than 20 Skyworks solutions to power multiple radios and 13 fully integrated antennas across various standards counting Bluetooth® 4.0, ZigBee®/Thread, 2 and 5 GHz applications for 802.11ac/b/g/n and Google’s Weave. In addition to delivering high data rates for audio and video streaming, web browsing and other wireless networking, the OnHub platform offers consumers a sleek, powerful and intelligent means for smart devices in the connected home – such as thermostats, smoke alarms, home security and lighting systems – to communicate regardless of the wireless standard. The router’s unique RF design also enables it to intelligently monitor networks, detecting data congestion before automatically re-routing it in order to optimize bandwidth performance.
“Skyworks is proud to be powering one of the most innovative networking devices on the market,” said John O’Neill, vice president of broad markets for Skyworks. “The combination of ease of use, attractive design and connectivity across multiple air interfaces make this a truly breakthrough offering for consumers and further demonstrates Skyworks’ ability to make complex RF design challenges seem simple. By leveraging our broad product portfolio and systems expertise, we are empowering the wireless networking revolution across the Internet of Things.”
According to a May 2015 Cisco Visual Networking Index Forecast, fixed networking devices such as routers will handle about 82 percent of all consumer Internet traffic by 2019, with total Internet traffic growing by a compounded annual growth rate of 33 percent from 2015 to 2019. Connected home devices will grow at a compound annual rate of 67 percent over the next five years and reach 1.8 billion units shipped by 2019, according to Business Intelligence estimates. Connected home devices encompass all smart appliances (washers, dryers, and refrigerators), safety and security systems (internet-connected sensors, monitors, cameras, and alarm systems) and energy equipment such as smart thermostats and smart lighting.
Skyworks Solutions, Inc., together with its auxiliaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. Its product portfolio comprises amplifiers, attenuators, battery chargers, circulators, DC/DC converters, demodulators, detectors, diodes, directional couplers, filters, front-end modules, hybrids, infrastructure radio frequency subsystems, isolators, LED drivers, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops/synthesizers/VCOs, power dividers/combiners, power administration devices, receivers, switches, technical ceramics, and voltage regulators.
Finally, Shares of Southern Co (NYSE:SO), ended its last trade with 0.93% gain, and closed at $46.51.
Mississippi Power is a partner of Southern Company (SO).
Mississippi Power declared that during its first year of operation the Kemper County energy facility’s combined cycle power plant has generated enough power to meet one-third of Mississippi Power customers’ electricity needs.
The power plant began generating electricity for customers in August 2014. Kemper has generated more than 3.5 billion kilowatt hours, enough electricity to power the energy needs of 250,000 homes for a year.
Kemper is employing a method of power generation called combined cycle to produce power. The combined cycle power plant combines two gas-powered turbines with a steam turbine to make up to 50 percent more electricity from the fuel it consumes, greatly improving efficiency.
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.