On Tuesday, Shares of J M Smucker Co (NYSE:SJM), lost -0.36% to $122.10.
The J. M. Smucker Company, declared that Blue Holdings I, L.P. (the “Selling Shareholder”) intends to offer for sale in an underwritten secondary offering 3,861,650 shares of the Company’s common stock following the Company’s shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The Company originally issued to the Selling Shareholder 17,061,079 shares of common stock on March 23, 2015 in connection with the Company’s acquisition of Big Heart Pet Brands, of which 3,861,650 shares were held by the Selling Shareholder right away preceding to the offering. The shares to be sold by the Selling Shareholder represent 100% of the ownership interests attributable to associates of Vestar Capital Partners. The Company is not selling any shares and will not receive any proceeds from the projected offering.
Morgan Stanley and Credit Suisse will act as the underwriters for the offering. The Company has filed a registration statement (File No. 333-197428) (counting a prospectus and a prospectus supplement) with the SEC for the offering to which this communication relates, and the Company intends to file a further prospectus supplement with respect to this offering. Before you invest, you should read the prospectus and prospectus supplements in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering.
The J. M. Smucker Company manufactures and markets branded food products worldwide. It operates through four segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; U.S. Retail Pet Foods; and International, Foodservice, and Natural Foods.
Shares of Integrated Device Technology Inc (NASDAQ:IDTI), inclined 1.56% to $27.38, during its last trading session.
Integrated Device Technology, declared that members of the senior administration team will present to the investment community at the following investor conferences:
- Credit Suisse Global Technology Conference
Date: Tuesday, December 1, 2015
Time: 2:00 pm MST
Location: The Phoenician, Scottsdale, AZ
- NASDAQ 33rd Investor Program
Date: Wednesday, December 2, 2015
Time: 4:15 pm GMT
Location: The May Fair Hotel, London, UK
- Wedbush Securities California Dreamin’ Administration Access Conference
Date: Wednesday, December 9, 2015
Time: 2:10 pm PST
Location: Loews Santa Monica Beach Hotel, Santa Monica, CA
Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, and consumer industries worldwide. It operates in two segments, Communications, and Computing and Consumer.
Finally, Shares of North Star Asset Administration Group Inc (NYSE:NSAM), ended its last trade with -1.24% loss, and closed at $13.53.
North Star Realty Europe Corp., declared that its Board of Directors has authorized the repurchase of up to $100 million of its outstanding common stock.
The repurchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The authorization will expire in 12 months, unless otherwise extended by North Star Realty Europe’s Board of Directors. The repurchase program will be utilized at administration’s discretion and in accordance with the requirements of the Securities and Exchange Commission. The timing and actual number of shares repurchased will depend on a variety of factors counting price, corporate requirements and other conditions.
North star Asset Administration Group Inc. provides asset administration and other services in the United States and internationally. It also offers securitization transaction services.