On Monday, Shares of Groupon, Inc. (NASDAQ:GRPN), lost -3.16% to $4.29, hitting its lowest level.
Groupon declared that private equity firm, Sequoia, has agreed to invest in Groupon India. Groupon will remain a noteworthy shareholder.
Groupon India will continue to operate under Ankur Warikoo’s leadership. Groupon’s Shared Service Centers in Chennai and Bangalore will remain under the sole control and operation of Groupon.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
Shares of American International Group, Inc. (NYSE:AIG), inclined 0.95% to $63.99, during its last trading session.
American International Group declared a hefty boost to shareholder returns last week, more than doubling its quarterly cash dividend, to 28 cents per common share from 12.5 cents, according to Barrons.com.
The show of balance-sheet strength came alongside an upbeat quarterly earnings report for the property-casualty insurer (ticker: AIG). It registered a 5.4% enhance in operating profit, an important metric for insurers; the gain beat analysts’ estimates. Overall, the company stated adjusted earnings of $1.39 a share, topping the $1.22 consensus estimate. Barrons.com Reports
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
Finally, Rentech, Inc. (NASDAQ:RTK), ended its last trade with 13.69% gain, and closed at $0.72.
Rentech declared that it has agreed to vote its 59.7% ownership interest in Rentech Nitrogen Partners, L.P. (RNF) in favor of the projected merger with CVR Partners LP. Upon the closing of the merger, Rentech would receive about $318 million in cash and units of CVR Partners, plus a retained interest in Rentech Nitrogen’s Pasadena facility, based on the closing unit price of CVR Partners on August 7, 2015. Rentech and other holders of Rentech Nitrogen would receive the value of the Pasadena facility upon the disposition of the asset.
Under the terms of the merger agreement, Rentech will receive $2.57 in cash, 1.04 units of CVR Partners, and the value per unit of the Pasadena facility, in exchange for each of its 23.25 million units in Rentech Nitrogen. Rentech estimates its after-tax cash proceeds to be about $16 million, based on preliminary estimates of the gains to be triggered by these transactions and not taking into account any sale proceeds from Pasadena.
Rentech, Inc., through its auxiliaries, provides wood fiber processing services, wood chips, and wood pellets. The company operates through five segments: East Dubuque; Pasadena; Fulghum Fibres; Wood Pellets: Industrial; and Wood Pellets: NEWP. It manufactures and sells natural-gas based nitrogen fertilizer products in North and South America.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
