On Thursday, Shares of Best Buy Co Inc (NYSE:BBY), gained 1.28% to $35.70.
Best Buy Co., has authorized the payment of a regular quarterly cash dividend of $0.23 per common share. The quarterly dividend is payable on October 6, 2015, to shareholders of record as of the close of business on September 15, 2015.
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics comprising primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.
Shares of Ion Geophysical Corp (NYSE:IO), inclined 9.10% to $0.545, during its last trading session.
NEOS GeoSolutions, and ION Geophysical Corporation, declared that NEOS has attained – for cash and other consideration – ION’s Denver land seismic data processing operation. The addition of this business line expands NEOS’s multi-physics service lines to now comprise seismic data processing and imaging. The rest of ION’s data processing business, counting ION’s land data processing capabilities in support of its 3D ResSCANTM land programs, is unaffected by this transaction.
ION’s Denver processing group has accomplished nearly 400 subsurface imaging projects since 2003 for customers that comprise some of the largest international and independent E&P companies in the world. The Denver team specializes in ‘hard rock’ processing in structurally complex geologic environments ranging from Bolivia to the North Slope of Alaska.
Jim Hollis, President, and CEO of NEOS, commented, “We are delighted to welcome ION’s Denver land data processing group to NEOS. During my career, I’ve had the pleasure of working with many on their team and I can’t think of a more talented group than the twenty seismic imaging professionals that will be coming over to NEOS. The addition of a seismic imaging offering to our toolkit clearly supports our strategy of offering a portfolio of best-in-class multi-physics, subsurface imaging solutions to our global customer base. We’ll now have the capability to process, integrate, and simultaneously interpret both seismic and non-seismic geo-datasets to render the most complete ‘basement-to-surface’ images in the industry.”
ION Geophysical Corporation provides geoscience technology, services, and solutions for the oil and gas industry worldwide. It operates through four segments: Solutions, Systems, Software, and Ocean Bottom Services.
Finally, Greatbatch Inc (NYSE:GB), ended its last trade with 14.22% gain, and closed at $56.94.
Greatbatch, declared that it has reached a definitive agreement to acquire Lake Region Medical for about $1.73 billion in cash and stock, a transformative deal that will create one of the largest medical device OEM suppliers in the world serving the cardiac, neuromodulation, vascular, orthopaedics and advanced surgical markets.
Greatbatch develops and manufactures critical medical device technologies for the cardiac, neuromodulation, vascular and orthopaedic markets; and batteries for high-end niche applications in the portable medical, energy, military, and environmental markets. Lake Region Medical assists bring life-changing products from concept to point-of-care in the cardio & vascular and advanced surgical markets. These comprise offerings in electrophysiology, vascular access, cardiovascular, urology, oncology, orthopaedics, laparoscopy, biopsy/drug delivery, and arthroscopy.
Once the transaction has closed, the combined company will employ over 9,000 individuals globally with revenues of about $1.5 billion.
Greatbatch, Inc. designs, manufactures, and sells medical devices and components for the cardiac, neuromodulation, orthopaedics, portable medical, vascular, energy, and clinical markets worldwide.
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