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Friday 10 July 2015
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Active Stocks News Analysis: Seadrill Ltd (NYSE:SDRL), Affymetrix, Inc. (NASDAQ:AFFX), Campbell Soup Company (NYSE:CPB)

On Monday, Shares of Seadrill Ltd (NYSE:SDRL), lost -4.80% to $9.62.

Seadrill Ltd, declared that it has reached a contract with Seadrill Operating LP, the 58% owned partner of Seadrill Partners LLC, following which Seadrill Operating will acquire all of the shares of Seadrill Polaris Ltd., the entity that owns and operates the drillship, the West Polaris from Seadrill. The Polaris Acquisition is predictable to close within 7 days.

The West Polaris is a 6th generation, dynamically positioned drillship delivered from the Samsung shipyard in 2008. The West Polaris is predictable to carry out operations in Angola until the end of its contract with ExxonMobil in March 2018.

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments.

Shares of Affymetrix, Inc. (NASDAQ:AFFX), declined -1.59% to $10.22, during its last trading session.

Affymetrix, declared that it will report operating results for the second quarter of 2015 after market close on Wednesday July 29, 2015. The company will hold a conference call on the same day at 5:00pm ET.

Affymetrix, Inc. provides life science products and molecular diagnostic products that enable parallel analysis of biological systems at the gene, protein, and cell level primarily in the United States, Europe, Latin America, and Asia.

Finally, Campbell Soup Company (NYSE:CPB), ended its last trade with -0.82% loss, and closed at $47.27.

Campbell Soup Company, declared it has accomplished the acquisition of the assets and business of Garden Fresh Gourmet for $231 million. Garden Fresh Gourmet is the No. 1 branded refrigerated salsa in the U.S. and also makes hummus, dips and tortilla chips.1

Jeff Dunn, President–Campbell Fresh, said, “The acquisition of Garden Fresh Gourmet provides Campbell with another platform for growth in a key planned area - the fast-growing perimeter of the grocery store. Garden Fresh Gourmet’s on-trend products are the ideal complement to the Bolthouse Farms portfolio in the produce section and will assist extend our presence in the deli section. We’re excited to take Garden Fresh Gourmet to the next level.”

Campbell Soup Company, together with its auxiliaries, manufactures and markets convenience food products. It operates through U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages; and Bolthouse and Foodservice segments.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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