On Wednesday, Shares of KAR Auction Services Inc (NYSE:KAR), gained 2.44% to $38.59.
KAR Auction Services, declared that it will be releasing its second quarter 2015 earnings on Monday, August 3, 2015.
KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Tuesday, August 4, 2015 at 11:00 a.m. EDT (10:00 a.m. CDT).
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.
Shares of Excel Trust Inc (NYSE:EXL), remained flat at $15.84, during its last trading session.
Excel Trust, declared that its common stockholders approved the acquisition of Excel Trust by Blackstone at its special meeting of stockholders held earlier recently. Subject to the satisfaction or waiver of all closing conditions related to the transaction, Excel Trust anticipates the transaction to close on July 31, 2015, at which time trading of the Company’s shares on the New York Stock Exchange will cease.
As declared formerly, on April 10, 2015 Excel Trust reached a definitive agreement with Blackstone, under which Blackstone will acquire all outstanding shares of common stock of Excel Trust for $15.85 per share in an all-cash transaction valued at about $2 billion. In connection with the closing of the merger, all outstanding shares of the Company’s Series A preferred stock and Series B preferred stock will be redeemed. Blackstone will be making this investment through Blackstone Property Partners (“BPP”), its Core+ real estate investment unit. BPP targets substantially stabilized office, retail, industrial, and multifamily assets located in primary U.S. markets.
Excel Trust, Inc. engages in financing, developing, leasing, owning and managing community and power centers, grocery anchored neighborhood centers and freestanding retail properties. The company was founded in 2009 and is based in San Diego, California.
At the end of Wednesday’s trade, Shares of Pilgrim’s Pride Corporation (NASDAQ:PPC), gained 1.46% to $20.11.
Pilgrim’s Pride Corporation, declared that its Board of Directors has approved a new $150.0 million share repurchase authorization for its common stock over the next 12 months, reinforcing the Company’s commitment to creating shareholder value and the strength of Pilgrim’s balance sheet and operating cash flow.
The Company plans to implement its stock repurchase program through various means, which may comprise but are not limited to open market purchases, privately negotiated transactions, the use of derivative instruments and/or accelerated share repurchase programs. The extent to which the Company repurchases its shares and the timing of such repurchases will vary and depend upon market conditions and other corporate considerations, as determined by the Company’s administration team. The Company reserves the right to limit or terminate the repurchase program at any time without notice.
Pilgrim’s Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico.
Finally, Crown Castle International Corp (NYSE:CCI), ended its last trade with -0.17% loss, and closed at $82.12.
Crown Castle International Corp., stated results for the quarter ended June 30, 2015.
“We had a terrific second quarter, allowing us to raise our Outlook for full year 2015,” stated Ben Moreland, Crown Castle’s President and Chief Executive Officer. “In addition to delivering great results during the second quarter, we also declared several planned transactions that reflect our focus on delivering attractive long-term total returns for shareholders. The accomplished sale of our Australian partner, following a very successful fifteen year investment, allows us to redeploy capital toward an opportunity with a higher anticipated growth profile through our pending acquisition of Sunesys, further reinforcing our leadership position in wireless infrastructure in the U.S. Our focus and continued investment in the U.S. is based on our view that the ongoing growth in U.S. consumer demand for mobile data, which is projected to enhance seven-fold between 2014 and 2019, will require noteworthyinvestments by the wireless carriers to enhance the density of their networks. This positive long-term outlook, combined with our extensive mission-critical portfolio of towers and small cells, gives us confidence in our ability to achieve our stated aim of generating compounded annual growth in AFFO per share of 6% to 7% organically over the next five years. We believe the predictable growth in AFFO per share, half of which is comprised of cash escalations on our tenant lease contracts, together with our current dividend yield of about 4% represents an attractive long-term total return profile for shareholders.”
Crown Castle International Corp., together with its auxiliaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network (small cells).
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