On Tuesday, Shares of Joe’s Jeans Inc (NASDAQ:JOEZ), gained 6.08% to $0.260.
Joe’s Jeans, declared that it has accomplished the sale of certain of its operating and intellectual property assets related to the Joe’s brand and business for an aggregate purchase price of $80 million, led by Sequential Brands Group, Inc. (SQBG) (“SQBG”). SQBG attained the Joe’s brand for $67 million. Contemporaneously, Global Brands Group Holding Limited (SEHK Stock Code: 787) attained certain operating assets for $13 million. The Company used the proceeds of the transactions to repay certain outstanding indebtedness, counting all of its indebtedness outstanding under the Company’s senior term loa contract. The Company anticipates to rename itself Differential Brands Group Inc. and remain listed on NASDAQ.
As formerly declared, the Company continues to work toward the completion of the merger of the remaining Hudson business with the parent company of Robert Graham, RG Parent LLC, a nationally-recognized fashion brand.
Joe’s Jeans Inc. is engaged in design, development and marketing of apparel products, which comprise denim jeans, related casual wear and accessories under the brands Joe’s and Hudson. The Company operates through two segments.
Shares of WebMD Health Corp. (NASDAQ:WBMD), declined -5.28% to $38.01, during its last trading session.
As formerly declared, WebMD Health Corp., will be holding its Annual Meeting of Stockholders starting at 9:30 a.m. (ET) on Thursday, October 1, 2015, at W New York – Union Square, 201 Park Avenue South, New York, New York.
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications.
At the end of Tuesday’s trade, Shares of Ball Corporation (NYSE:BLL), lost -3.24% to $64.88.
Ball Corporation, declared that Michael W. Feldser, 64, senior vice president and chief operating officer, metal food and household products packaging, will retire at the end of 2015 after nearly a decade with the company. James N. Peterson, 47, has been named to succeed Feldser and will have the same title.
Peterson came to Ball in 2006 as part of operations attained from U.S. Can Corp. Since joining Ball, Peterson led North American packaging innovation and marketing efforts. In his most recent role as vice president of marketing and corporate affairs he led the transformation of Ball’s sustainability and community programs, which has positioned the corporation as an industry leader in these categories. He has also aligned Ball’s communications across the globe, and has established Ball as a leader in promoting and protecting the can industry.
Ball Corporation (Ball) is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company operates in four segments. The metal beverage packaging, Americas and Asia segment comprises of operations in the United States, Canada, Brazil and the PRC, which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging, Europe segment comprises of operations in Europe, which manufacture and sell metal beverage containers.
Finally, Fortinet Inc (NASDAQ:FTNT), ended its last trade with -0.46% loss, and closed at $45.39.
Fortinet, declared it will host three Xtreme Team technical partner conferences in 2015, adding an inaugural event in the U.S. to the already successful Latin America and Canada stops. The events bring together premiere systems engineering talent from across the U.S., Latin America and Canada to review industry best practices and develop new approaches to cybersecurity. These exclusive events will provide Fortinet partners with interactive, hands-on training sessions designed to assist them expand their technical skills on the Fortinet end-to-end platform and improvement their ability to design best-in-class solutions to assist protect customers from cyber crime.
In 2006, Fortinet launched its annual Xtreme Team events in Latin America and more recently, in 2010, added an event in Canada. Since that time, the company has offered Fortinet partner representatives with exclusive training, content and awards, sales achievements and technical excellence. Due to its growing success, Fortinet is expanding the reach of its Xtreme Team events to the U.S. for the first time this year. With this investment, even more partners are offered the opportunity to extend their vision, acquire new technical skills, advance their expertise in cutting-edge Fortinet technologies, and ultimately grow their business.
Fortinet, Inc. provides cyber security solutions to enterprise, service providers and government organizations across the world. The Company’s network security solution comprises of FortiGate physical and virtual appliance products that provide an array of integrated security and networking functions to protect data, applications and users from network-and content-level security threats.
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