On Monday, Shares of Prospect Capital Corporation (NASDAQ:PSEC), lost -0.56% to $7.14.
Prospect Capital Corporation, declared that Prospect in the June 2015 quarter offered a commitment to support the acquisition of Bay Area Addiction Research and Treatment (“BAART”) by an investment fund associated with Webster Capital Administration, L.L.C. (“Webster”). Prospect’s secured financing is comprised of an initial term loan and additional commitments in the form of a delayed draw term loan and revolving credit facility.
Based in San Francisco and founded in 1977, BAART operates 22 outpatient opioid treatment service clinics in California, Arizona, Nebraska, North Carolina, and Vermont. BAART’s clinics provide methadone treatment and counseling services to assist patients with opioid addictions.
Prospect Capital Corporation is a financial services company that primarily lends to and invests in middle market privately-held companies. The Company is a closed-end investment company which invests primarily in first and second lien secured loans and unsecured debt, senior and subordinated debt and equity of companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes.
Shares of Home Depot Inc (NYSE:HD), declined -0.46% to $113.07, during its last trading session.
Home Depot, the world’s largest home improvement retailer, recently declared its entry into a definitive agreement to acquire Jacksonville, Fla. -based Interline Brands, Inc., a leading national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.
Under the terms of the agreement, The Home Depot will acquire Interline for $1.625 billion in cash, subject to customary adjustments. The acquisition, which has been approved by the shareholders of Interline, is predictable to be accomplished during The Home Depot’s fiscal third quarter, which ends on November 1, 2015 . The deal is subject to applicable regulatory approval and other customary closing conditions.
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, in addition to provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers.
At the end of Monday’s trade, Shares of Memorial Production Partners LP (NASDAQ:MEMP), gained 1.56% to $11.06.
Memorial Production Partners, declared that the board of directors of its general partner declared a cash distribution of $0.55 per unit for the second quarter of 2015. This distribution represents an annualized amount of $2.20 per unit and will be paid on August 12, 2015 to unitholders of record as of the close of business on August 5, 2015.
MEMP also declared that it will report second quarter 2015 financial and operating results before the market opens for trading on August 5, 2015.
Memorial Production Partners LP, through its partner, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. Its properties comprise of operated and non-operated working interests in producing and undeveloped leasehold acreage, and working interests in identified producing wells located in Texas, Louisiana, Colorado, Wyoming, New Mexico, and offshore Southern California.
Finally, Aetna Inc (NYSE:AET), ended its last trade with 0.21% gain, and closed at $110.23.
Aetna and Humana, declared that they have reached a definitive agreement under which Aetna will acquire all outstanding shares of Humana for a combination of cash and stock valued at $37 billion or about $230 per Humana share based on the closing price of Aetna common shares on July 2, 2015.
The complementary combination brings together Humana’s growing Medicare Advantage business with Aetna’s diversified portfolio and commercial capabilities to create a company serving the most seniors in the Medicare Advantage program and the second-largest managed care company in the United States. The combined entity will assist drive better value and higher-quality health care by reducing administrative costs, leveraging best-in-breed practices from the two companies — counting Humana’s chronic-care capabilities that measurably improve health outcomes for larger populations — and enabling the company to better compete with more cost effective products.
Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit administration services, dental, behavioral health, and vision plans on an insured basis, and an employer-funded or administrative basis.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
