On Tuesday, Shares of TECO Energy, Inc. (NYSE:TE), lost -1.54% to $21.16.
While it is the long-standing policy of TECO Energy, not to confirm or deny market rumors, in response to media reports concerning a potential sale of the company, the company confirmed that it is exploring planned alternatives. TECO Energy has retained Morgan Stanley & Co. LLC to advise the company in connection with exploring such planned alternatives.
Given the preliminary nature of this exploration, neither the company nor any of its representatives will be providing any additional comments at this time. No assurance can be given that the company will determine to pursue a potential sale or enter into any definitive sale agreement. The company does not intend to make any further press release or declarement regarding these matters unless and until it enters into a binding, definitive agreement with respect to a sale.
TECO Energy, Inc., an electric and gas utility holding company, engages in the regulated electric and gas utility operations. It generates, purchases, transmits, distributes, and sells electric energy to retail customers, in addition to to utilities and other resellers of electricity in West Central Florida; and has electric generating plants with a winter peak generating capacity of 4,668 megawatts.
Shares of CIT Group Inc. (NYSE:CIT), inclined 2.25% to $48.18, during its last trading session.
CIT Group, declared that it has received approval from the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and all required state regulators to acquire OneWest Bank and its parent company IMB Holdco LLC. The transaction is predictable to close on August 3, 2015, subject to the satisfaction of remaining closing conditions.
CIT and IMB Holdco have agreed to extend the date after which either party may elect to terminate their Agreement and Plan of Merger, dated July 21, 2014 (the “Merger Agreement”), following an amendment to the Merger Agreement. Additional details regarding the amendment will be offered in a Form 8-K filed by CIT.
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. Its Transportation & International Finance segment offers leasing and financing solutions to operators and suppliers in the aviation and railcar industries.
At the end of Tuesday’s trade, Shares of Range Resources Corp. (NYSE:RRC), gained 1.08% to $41.19.
EnerCom, will host The Oil & Gas Conference 20, August 16-20, 2015, in Denver at the Westin Denver Downtown. The Conference is the oldest and largest energy investment conference hosted in Denver. Investment and oil and gas professionals interested in attending the event can register through the conference website.
Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and Oil Company, engage in the acquisition, exploration, and development of natural gas and oil properties in the United States.
Finally, 3M Co (NYSE:MMM), ended its last trade with -0.85% loss, and closed at $155.79.
Over 70% of Americans report being bothered by skin sensitivity, according to new research by Nexcare Brand. Nexcare Brand from 3M declares the Nexcare Sensitive Skin collection, a new line of first aid products specially formulated for sensitive or fragile skin. With reliable adhesion and kind removal, these products offer an option for those with skin sensitivity. Nexcare Sensitive Skin First Aid Tape, Adhesive Pads and Eye Patches provide long-term adhesion, yet kind removal and minimal hair pulling.
From sunburns and bug bites to added scrapes and cuts, more time outdoors during warmer seasons can be tough on all skin types. For Americans with skin sensitivity, these can be more than just a nuisance – it can impact day-to-day lives and activities. New research by Nexcare Brand from 3M has found that nearly two out of five Americans are frequently bothered by sensitive skin and that the consequences go beyond just making bandage removal painful. Forty-three percent of Americans stated avoiding an activity due to a skin problem – counting using a specific beauty product, eating or drinking certain foods, wearing their favorite clothes, using particular blankets and linens or applying first aid supplies and medical tape.
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
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