On Monday, Shares of Deckers Outdoor Corp (NYSE:DECK), gained 0.06% to $47.35.
This November, Sanu, a division of Deckers Brands, the not-so-typical footwear brand known for remarkably comfortable, smile inducing footwear, is joining forces with Flip Flop Shops, a partner of Cherokee Global Brands (CKE), the authentic retailer of the hottest brands and latest styles of flip flops and casual footwear. The partnership, dubbed ‘Always Yoga At Heart,’ launches November 16, 2015 and comprises the grand prize of a free trip to Hawaii to attend the famed Wanderlust Yoga Festival, a four-day celebration of mindful living.
Participants will be entered to win travel and accommodations for two to the unforgettable Wanderlust Festival, taking place February 24-28, 2016 in O’ahu, Hawaii. Ongoing to spread the love, consumers who purchase two or more pairs of any Sanuk product at participating Flip Flop Shops will receive a free Heart Stress Reliever, while supplies last.
Showing even more love and to promote heart health, Sanuk and Flip Flop Shops will both donate $2,500 to the American Heart Association to assist keep hearts healthy. Flip Flop Shops is an avid supporter of the important work of the American Heart Association. Both organizations are proud to further the American Heart Association’s mission of building healthier lives, free of cardiovascular diseases and stroke.
“Sanuk and Flip Flop Shops share the same passion for connecting with our consumers in a fun, healthy and meaningful way,” said Brian Curin, size 10, the President of Flip Flop Shops. “Always Yoga At Heart does just that, by bringing together great brands to offer a unique consumer experience while raising awareness and donations for such a great cause this holiday season.”
Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers luxurious comfort footwear, handbags, apparel, home, and cold weather accessories under the UGG brand name; casual sandals, shoes, and boots under the Teva brand name; and action sport footwear under the Sanuk brand name.
Shares of Sunoco LP (NYSE:SUN), inclined 5.55% to $34.97, during its last trading session.
Energy Transfer Partners, L.P. (ETP) and Sunoco LP (SUN), declared the dropdown to SUN of the remaining 68.42% interest in Sunoco, LLC and 100% interest in the legacy Sunoco retail business for about $2.226 billion. The transaction will be effective as of January 1, 2016 and is predictable to close in February 2016.
SUN will pay to ETP about $2.2 billion in cash (counting the predictable value of working capital) and will issue to ETP about 5.7 million SUN common units valued at about $194 million based on the five-day volume-weighted average price of SUN’s common units as of November 13, 2015. Pro forma for the dropdown transaction and related equity private placement, ETP will remain the largest unitholder of SUN with an approximate 46% LP interest , reflecting ETP’s continued confidence in SUN’s business and future growth prospects.
The timing of this dropdown transaction is driven by the view that accelerating the dropdown of the remaining retail marketing and wholesale fuel assets to SUN was in the best interest of all parties. SUN anticipates that, following the completion of this transaction, it will not need to raise any additional equity financing in 2016. The transaction is also predictable to be credit neutral to SUN and to be accretive to distributable cash flow and predictable distributions per unit for SUN in 2016 and thereafter.
Sunoco LP engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii. It operates through two segments, Wholesale and Retail. It serves convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers.
Finally, Shares of Alamos Gold, Inc. (NYSE:AGI), ended its last trade with - 0.98% loss, and closed at $3.04.
Alamos Gold Inc, declared that Alan Edwards has resigned from the Company’s Board of Directors and consequently from his position as Chair of the Board.
Paul Murphy has been designated by his fellow directors to serve as Chair of the Board. In addition, Alamos is happy to declare that Claire Kennedy has joined the Board of Alamos.
“On behalf of the board, I would like to thank Alan for his service to the board of Alamos and for his many years of service to AuRico Gold. As Alamos continues to grow and execute on its business plans, we are delighted to welcome Claire Kennedy to the board. Claire brings with her both a proven track record and a skillset in law, taxation and corporate governance that we believe will provide incredible value to Alamos going forward,” said Paul Murphy, Chairman of Alamos.
Claire Kennedy is a lawyer and partner in the Toronto office of Bennett Jones LLP where she provides tax advice on M&A and corporate finance transactions and advises clients on transfer pricing issues in cross-border investments. Claire is a director of the Bank of Canada, the nation’s central bank, and she serves on the Audit, Finance and HR Committees, and is Chair of the Corporate Governance Committee. Claire is a government appointee to the University of Toronto’s Governing Council and she serves as Chair of the Pension Committee. Claire is also a member of the Dean’s Advisory Committee at Rotman School of Administration and is a past member of the Dean’s Council at Queen’s University School of Law. Claire was formerly a director of Neo Material Technologies Inc.
Alamos Gold, Inc. operates as an intermediate gold producer primarily in North America. The company primarily holds a 100% interest in the Young-Davidson gold mine, which comprises mineral leases and claims totaling 11,000 acres in Northern Ontario, Canada.