On Tuesday, Amyris Inc (NASDAQ:AMRS)’s shares inclined 16.77% to $1.95.
Amyris, Inc. (AMRS), the industrial bioscience company, declared that it has agreed on key business terms with Total Energies Nouvelles Activites USA (a wholly owned partner of Total S.A.) (“Total”) for restructuring its fuels joint venture to open the way for proceeding with commercialization of its jet fuel technology over the coming years. Following the restructuring, Total would own 75% of the joint venture with Amyris.
In conjunction with this transaction, Amyris has also agreed on key business terms with Total and Temasek, another major stockholder of Amyris, under which, and as part of a plan to strengthen the balance sheet, these stockholders would exchange an aggregate of $138 million of convertible debt for Amyris common stock at a price of $2.30 per share, with an additional $37 million of outstanding convertible debt being restructured to eliminate Amyris’s repayment obligation at maturity and provide for mandatory conversion to Amyris common stock. The terms of the restructuring comprise provisions related to the note conversions for these participating stockholders, counting to maintaining pro rata holdings. The closing of the exchange transactions would be subject to customary closing conditions, counting any required Board of Directors or other internal approvals, and regulatory approvals or notices.
Amyris, Inc. provides various alternatives to a range of petroleum-sourced products for the consumer care, specialty chemical, and transportation fuel markets worldwide. The company applies its industrial synthetic biology platform to design microbes and primarily yeast, in addition to convert plant-sourced sugars into renewable hydrocarbons. It produces and sells Biofene that converts to squalane, which is used as an emollient in cosmetics and other personal care products; and natural oils and aroma chemicals for the flavors and fragrances market.
VimpelCom Ltd (ADR) (NASDAQ:VIP)’s shares gained 0.40% to $4.97.
VimpelCom Ltd (ADR) (VIP) a leading global provider of telecommunications services, headquartered in Amsterdam, declares that VimpelCom shareholders approved all agenda items at its Annual General Meeting of Shareholders (AGM) held recently in Amsterdam.
In particular, the Company’s shareholders elected the following candidates to the Supervisory Board: Mikhail Fridman, Gennady Gazin, Andrei Gusev, Gunnar Holt, Sir Julian Horn-Smith, Nils Katla, Alexey Reznikovich, Morten Karlsen Sorby and Trond O Westlie.*
The reappointment of PricewaterhouseCoopers Accountants NV as the Company’s auditor was also approved.
Holders of about 93.2% of the Company’s shares were represented at the AGM.
VimpelCom Ltd. provides telecommunications services in Italy, Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. It offers voice and data services through a range of traditional and broadband mobile and fixed line technologies.
At the end of Tuesday’s trade, Sealed Air Corp (NYSE:SEE)‘s shares dipped -0.71% to $51.38.
Sealed Air Corporation (SEE) declared the closing of its formerly declared offering of $400 million aggregate principal amount of 5.500% senior unsecured notes due 2025 (the “Dollar Notes”) and €400 million aggregate principal amount of 4.500% senior unsecured notes due 2023 (together with the Dollar Notes, the “Notes”). The Notes were sold to investors at 100.0% of their aggregate principal amount.
The Company is using the net proceeds from the offering of the Notes to repurchase all of its outstanding 8.375% Senior Notes due 2021 pursuant to the tender offer that the Company launched on June 8, 2015, and to pay related premiums, fees and expenses in connection therewith.
The Notes and related guarantees have been offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The Notes have not been registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor has there been any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The company’s Food Care segment offers integrated system solutions that incorporate equipment systems into customers operations; and packaging equipment systems that incorporate various options for loading, filling and dispensing, and retort and aseptic processing conditions.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), ended its Tuesday’s trading session with 0.82% gain, and closed at $1.23.
Yingli Green Energy Holding Company Limited (YGE), one of the world’s leading solar panel manufacturers, recently declared that it accomplished a bond financing RMB 20 million yuan (USD $3.2 million) for a 4 megawatt (MW) solar project. Yingli’s financing partners for the project are Tianjin Xinhai Financial Leasing Co., Ltd. (Xinhai Leasing) and Principal Shield (Xiamen) Financial Technical Service Co., Ltd. The project bonds are now accessible for the Chinese public to invest in online at www.shicaidai.com, the China-based Internet finance firm to offer P2B (person-to-business) online financial products, counting loans and wealth administration tools.
Located in Hengshui City in China’s Hebei Province, Yingli’s 4 MW solar project is now operational. The installation will generate about 6.5 million kilowatt-hours of solar electricity annually, equivalent to offsetting the consumption of 2,600 tons of coal and more than 6,700 tons of carbon emissions.
Yingli Green Energy Holding Company Limited, together with its auxiliaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the People’s Republic of China and internationally. The company offers polysilicon ingots and blocks, polysilicon wafers, PV cells, PV modules, and integrated PV systems; and develops and operates solar projects. It primarily sells its PV modules to distributors, wholesalers, power plant developers and operators, and PV system integrators under the brand names Yingli and Yingli Solar. Yingli Green Energy Holding Company Limited was founded in 1998 and is headquartered in Baoding, the People’s Republic of China.
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