On Thursday, Shares of WPX Energy, Inc. (NYSE:WPX), lost -5.66% to $10.34.
WPX Energy, declared that it has priced its formerly declared concurrent public offerings of 30,000,000 shares of its common stock at a public offering price of $10.10 per share and 7,000,000 shares of 6.25 percent series A mandatory convertible preferred stock with a purchase price and liquidation preference of $50 per share.
In addition, WPX Energy has granted the underwriters options to purchase from WPX Energy up to an additional 4,500,000 shares of common stock and up to an additional 1,050,000 shares of mandatory convertible preferred stock, in each case at the public offering price per share, less the applicable underwriting discount.
The offerings were upsized from the formerly declared offerings of 27,000,000 shares of WPX Energy’s common stock and $300 million aggregate liquidation preference of series A mandatory convertible preferred stock. The offerings are predictable to close on July 22, 2015, subject to customary closing conditions.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
Shares of Staples, Inc. (NASDAQ:SPLS), declined -0.68% to $15.34, during its last trading session.
Staples, declared the launch of new versions of its online storefronts, Staples.com and StaplesAdvantage.com, making it easier for businesses of all sizes to find the products and services they need to make more happen. The refresh of Staples.com features faster performance, a new interface designed for easier navigation and expanded personalization. A leading edge business to business site, the redesigned StaplesAdvantage.com has an updated look and feel with a new homepage dashboard, streamlined browsing and checkout.
Available to customers by the end of July, the revamped Staples.com will improve checkout, search and the overall end-to-end experience to make for easier navigation and raised customer satisfaction. Expanded personalization capabilities will ensure businesses are shown more relevant content, product recommendations and offers.
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations.
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