On Thursday, Shares of Newfield Exploration Co. (NYSE:NFX), lost -0.54% to $36.97.
Newfield Exploration Company (NFX) is planned to present at the following events:
- Wells Fargo Energy Symposium
12:00 p.m. (Central), December 9, 2015
- Capital One Securities 10th Annual Energy Conference
11:40 a.m. (Central), December 10, 2015
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids.
Shares of American Residential Properties Inc (NYSE:ARPI), inclined 2.00% to $17.84, during its last trading session.
American Homes 4 Rent (AMH) and American Residential Properties, Inc. (ARPI) declared that the Boards of both companies have approved a definitive agreement to combine the two companies in a tax-free merger at a total transaction value of about $1.5 billion. In the merger, American Homes 4 Rent will issue about 38 million common shares and assume or repay a total of about $0.8 billion of American Residential Properties debt. The merger is targeted to close during the first half of 2016.
David Singelyn, Chief Executive Officer of American Homes 4 Rent, stated, “We are delighted to declare our agreement to combine with American Residential Properties, further establishing American Homes 4 Rent as the largest publicly-traded owner and operator of single family rental homes. American Residential Properties has a high quality portfolio of homes which fit plannedally in our markets, offering noteworthy opportunities to capture further operating efficiencies on the combined platform. Moving ahead, we look forward to creating additional value for the shareholders of the combined company while strengthening our position as a premier company in the single-family rental sector.”
American Residential Properties Chairman and Chief Executive Officer Stephen G. Schmitz commented, “We are excited to join forces with one of the largest and most successful single family residential companies in our growing industry. Over the past year, our administration and Board have explored many options to enhance returns to our stockholders and we believe this planned transaction is the best way to deliver long-term value to our stockholders. This merger provides American Residential Properties stockholders with a premium for their shares and the opportunity to benefit from participation in the upside potential of an efficient, larger platform that is well positioned in high growth markets and that will benefit from operating synergies.”
American Residential Properties, Inc. is a real estate investment trust. It is based in Scottsdale, Arizona.
Finally, Shares of Autodesk, Inc. (NASDAQ:ADSK), ended its last trade with - 0.22% loss, and closed at $64.41.
Autodesk, declared Forge, an initiative to accelerate a cloud connected ecosystem in support of the future of making things. The initiative comprises of three major components – a platform-as-a-service (PaaS) offering, a robust developer program, and a $100 million investment fund – all geared toward advancing the next wave of innovative technologies that will transform how products are designed, made and used.
“The way we design, make and use products is rapidly changing. New technologies are disrupting every aspect of the product lifecycle,” said Amar Hanspal, senior vice president, Products at Autodesk. “Autodesk is launching Forge to assist developers build new businesses in the changing manufacturing landscape. We are inviting innovators to take advantage of Autodesk’s cloud platform to build services that turn recently’s disconnected technologies into highly connected, personalized experiences.”
The Forge Initiative will assist Autodesk realize the future of making things by partnering with developers and innovators to expand opportunities and connect all of the steps to design, make and use the next generation of products.
Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.