On Tuesday, Shares of CDW Corp (NASDAQ:CDW), lost -1.58% to $44.15.
CDW Corporation, declared the pricing of an underwritten offering by selling stockholders of an aggregate of 8,000,000 shares of its common stock at a price to the public of $44.05 per share. The underwriters have a 30-day option to purchase up to an additional 1,200,000 shares of common stock from the selling stockholders at the public offering price, less underwriting discounts. CDW Corporation will not receive any of the proceeds from the sale of the shares of common stock. The offering is predictable to close on November 30, 2015.
Barclays Capital Inc. and Goldman, Sachs & Co. are acting as underwriters in this offering.
Subject to completion of the offering, CDW Corporation intends to repurchase from the underwriters 1,000,000 shares of its common stock that are being sold by the selling stockholders in this offering at a price per share equal to the price paid by the underwriters to the selling stockholders in the offering. CDW Corporation anticipates to fund the repurchase from cash on hand and/or borrowings under its senior secured asset-based revolving credit facility.
CDW Corporation distributes information technology (IT) solutions in the United States and Canada. It operates in two segments, Corporate and Public. The company offers discrete hardware and software products to integrated IT solutions, counting mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
Shares of Apollo Education Group Inc (NASDAQ:APOL), declined -6.28% to $7.16, during its last trading session.
University of Phoenix, declared and offered congratulations to College of Security and Criminal Justice Academic Dean Garland H. Williams, Ph.D., stepped down Army colonel, on his induction into the International Adult and Ongoing Education Hall of Fame (IACE Hall of Fame). The IACE Hall of Fame honors leaders in the field of ongoing education and adult learning and is commemorating its 20th anniversary this year.
“We are thrilled to see Garland recognized for his exceptional efforts to develop and deliver quality educational opportunities for security and criminal justice professionals,” said Spider Marks, executive dean, College of Security and Criminal Justice. “Garland is a true advocate and mentor for University of Phoenix students due to his passion for the industry and commitment to building the next generation of security and criminal justice leaders. He continues to set a standard for others to follow, and we are proud of all that he has done to strengthen the College’s academic offerings and the industries we serve.”
Dr. Williams has been with the University since 2010. He joined the University as associate regional vice president for the Military Division, following a distinguished career in the United States Army. While in the armed forces, Dr. Williams held multiple educational positions counting assistant professor of social sciences at the United States Military Academy, basic course trainer at the Engineer Officer Basic Course, and commandant of the Army Administration Staff College. As commandant, Dr. Williams developed and implemented the Army’s Civilian Education System that trained the Department of the Army’s 350,000 civilians in leadership and administration.
Apollo Education Group, Inc. provides private education services in the United States and internationally. The company offers online and on-campus undergraduate, graduate, certificate, and non-degree educational programs and services to working learners.
Finally, Shares of Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA), ended its last trade with 0.73% gain, and closed at $8.27.
A confluence of technologies has allowed the sharing economy to grow rapidly in many industries, counting the banking sector, and is changing consumer behavior in a way that will have far-reaching consequences, BBVA Compass economists say in a new report.
“The basics of the sharing economy have always existed, as owners of underutilized assets such as a car or an empty guest room searched via bulletin boards or newsletters for those who desired the temporary use of such assets,” the economists write. “What has changed is the emergence of mobile software platforms that allow these two parties to easily come together whenever and wherever they wish.”
The two highest-profile companies in the movement, Uber and Airbnb, represent the most developed areas of the sharing economy: ride and accommodation sharing. Specialized software has allowed these companies to scale up, gain recognition, and generate strong network effects without having to invest in costly underlying assets, such as cars or buildings. Uber presently accounts for 55 percent of the paid-car-ride market for business travelers in the U.S., write economists Anthony Quinones and Amanda Augustine. Similarly, Airbnb is predictable to have more than 80 million bookings by year-end, more than double the year before.
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States.