On Monday, Shares of Sempra Energy (NYSE:SRE), gained 0.95% to $102.75.
Sempra Energy’s (SRE) Mexican partner, jointly declared that IEnova has agreed to purchase PEMEX’s 50-percent equity interest in the Gasoductos de Chihuahua joint venture for $1.325 billion, plus the assumption of about $170 million in net debt.
The transaction is predictable to be about $0.05 accretive to Sempra Energy’s diluted earnings per share in 2016, growing to about $0.10 per share by 2019 and is predictable to be financed with a combination of debt and equity issuances at IEnova.
Sempra Energy operates as an energy services holding company worldwide. The company’s San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas.
Shares of Molina Healthcare, Inc. (NYSE:MOH), inclined 1.56% to $76.61, during its last trading session.
Molina Healthcare, and Integral Health Plan, declared that Molina Healthcare of Florida, Inc., a wholly owned partner of Molina Healthcare Inc., has reached a definitive agreement to acquire certain assets of the Medicaid business of Integral Quality Care. As a part of the transaction, Molina Healthcare of Florida will receive the right to assume Integral’s Medicaid members in the state of Florida, certain provider agreements, in addition to other assets related to the operation of the Medicaid business. Molina Healthcare of Florida will fund the transaction with accessible cash on hand at the parent. Subject to regulatory approvals and the satisfaction of other closing conditions, the closing of the transaction is predictable to occur during the fourth quarter of 2015.
Integral Quality Care is a non-profit, provider-sponsored corporation operating as a Provider Service Network (PSN) and full-risk health plan. The Company administers health care services to Medicaid beneficiaries in the following Florida regions: Northwest (Pensacola/Medicaid Region 1, Tampa/Medicaid Region 6) and Southwest (Medicaid Region 8) for more than 90,000 Medicaid enrollees.
Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program.
At the end of Monday’s trade, Shares of 3M Co (NYSE:MMM), lost -0.74% to $150.22.
3M, declared that it has accomplished its acquisition of Capital Safety from KKR for a total enterprise value of $2.5 billion, counting the assumption of about $0.7 billion of debt, net of cash attained. Capital Safety is a leading global provider of fall protection equipment, one of the fastest-growing safety categories within the global personal protective equipment industry.
3M’s Personal Safety business provides respiratory and hearing protection solutions that assist improve the safety and security of workers. The business also supplies products and solutions in other safety categories such as reflective materials for high-visibility apparel, protective clothing and eyewear, among others.
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
Finally, KAR Auction Services Inc (NYSE:KAR), ended its last trade with 0.39% gain, and closed at $39.08.
KAR Auction Services, declared that it plans to enter into an accelerated share repurchase agreement under which the Company anticipates to repurchase up to $200 million of the Company’s common stock on an accelerated basis. The accelerated share repurchase is part of the Company’s formerly authorized program to repurchase up to $300 million of the Company’s common stock.
“We are delighted to declare that we plan to enter into an accelerated share repurchase plan, further demonstrating our commitment to creating value for KAR’s stockholders,” commented Jim Hallett, Chairman and Chief Executive Officer of KAR Auction Services, Inc. “At the same time, we remain fully committed to investing in our businesses so as to capitalize on long-term growth opportunities and given the strength of our free cash flow, we believe that we can execute both of these value creation tactics.”
KAR Auction Services, Inc., together with its auxiliaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.
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