On Friday, Shares of QEP Resources Inc (NYSE:QEP), lost - 1.16% to $13.63.
QEP Resources declared that members of the Company’s senior administration will take part in the forthcoming EnerCom Oil & Gas Conference on Tuesday, August 18, 2015 at 10:50 a.m. EDT (8:50 a.m. MDT).
QEP Resources, Inc., through its auxiliaries, operates as an exploration and production company. The company acquires, explores, develops, and produces natural gas, oil, and natural gas liquids (NGLs) primarily in the Pinedale Anticline in western Wyoming; the Williston Basin in North Dakota; the Uinta Basin in eastern Utah; the Permian Basin in western Texas; the Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado.
Shares of Berry Plastics Group Inc (NYSE:BERY), inclined 2.60% to $32.41, during its last trading session.
AVINTIV Inc., declared that they have reached a definitive agreement for Berry Plastics Group, Inc. to acquire AVINTIV from private equity funds managed by The Blackstone Group LP for about $2.45 billion in cash on a debt-free, cash-free basis.
Berry Plastics Group is a leading provider of value-added plastic consumer packaging and engineered materials delivering high-quality customized solutions to our customers with annual net sales of $5.0 billion in fiscal 2014. With world headquarters in Evansville, Indiana, the Company’s common stock is listed on the New York Stock Exchange under the ticker symbol BERY.
“We are extremely excited to welcome the team and global capabilities of AVINTIV to the Berry organization,” said Jon Rich, Chairman, and CEO of Berry Plastics. “The combination of Berry Plastics and AVINTIV creates a global leader in plastics packaging and engineered specialty materials with improved technology, material, and commercial capabilities to more broadly serve our customers.”
Berry Plastics Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in North America and internationally. The company operates through four segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging.
At the end of Friday’s trade, Shares of Globalstar, Inc. (NYSEMKT:GSAT), gained 2.21% to $1.85.
Globalstar, and its partner, ADS-B Technologies, declared that NASA Langley has selected ALAS space-based ADS-B technology for its two-way communications requirements relative to ongoing R&D work at the Langley Research Center. ALAS is a simple, low cost peripheral that is designed to be compatible with virtually any ADS-B avionics installation. It also does not interfere with the aircraft’s normal ADS-B transmissions.
NASA requires two-way voice and data communications via Globalstar’s newest satellite network in addition to technical support for the installation, operation, maintenance, modification and training for the ALAS system. The ALAS system is the only compatible system with and complementary to the existing Globalstar voice, data, and subscription services that NASA Langley has formerly purchased. ALAS was primarily chosen due to the proof of concept of the technology and accessible data speeds.
Globalstar accomplished its latest ALAS test flight across Canada, the majority of which is not covered by radar or terrestrial ADS-B, and to date has documented over 13,000 air miles utilizing its technology. A 7,000-mile demonstration from Alaska to the Gulf of Mexico and back was accomplished in September 2014.
Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, counting mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.
Finally, HMS Holdings Corp (NASDAQ:HMSY), ended its last trade with 2.63% gain, and closed at $9.35.
HMS Holdings Corp., declared that its Board of Directors has authorized the Company to repurchase up to $75 million of its common stock, on a discretionary basis, for a period of up to two years. The new authorization replaces a program that expired in October 2014.
HMS may repurchase the Company’s common stock from time to time on the open market or in privately negotiated transactions, utilizing accessible liquidity. The timing and amount of any shares repurchased will be determined by the Company based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, if and when one is established, which could permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. Any repurchased shares will be accessible for use in connection with general corporate purposes such as HMS stock plans. The repurchase program may be suspended or suspended at any time.
HMS Holdings Corp., through its auxiliaries, provides healthcare insurance benefit cost containment services in the United States. The company’s coordination of benefits services provide cost avoidance services that offer validated insurance coverage information, which is used by government-sponsored payers to coordinate benefits for incoming claims; payment integrity services to identify improper payments on a pre-payment and post-payment basis, identify and recover overpayments, detect and prevent fraud and abuse, and identify process improvements; and eligibility verification services comprising asset and income verification, premium assistance, dependent eligibility audits, and other verification solutions.
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