On Tuesday, Shares of Potash Corp./Saskatchewan (USA) (NYSE:POT), lost -2.22% to $30.17.
Potash Corporation of Saskatchewan, acknowledged the statement issued recently by K+S Aktiengesellschaft (K+S) (SDF:GR).
PotashCorp believes the projected transaction would combine two best-in-class companies with minimal overlap to create a global producer in the nutrient industry for the long-term benefit of investors, customers, employees and the communities where both companies operate. The company affirmed that its proposal is not predicated on closing mines, curtailing production, selling the salt business or cutting jobs.
Potash Corporation of Saskatchewan Inc., together with its auxiliaries, produces and sells fertilizers and related industrial and feed products worldwide. The company operates in three segments: Potash, Nitrogen, and Phosphate.
Shares of StoneMor Partners L.P. (NYSE:STON), declined -4.55% to $29.77, during its last trading session.
StoneMor Partners, declared that it has priced 2,100,000 common units representing limited partner interests in StoneMor at a price to the public of $29.63 per unit. StoneMor has granted the underwriters a 30-day option to purchase up to 315,000 additional common units to cover over-allotments, if any. StoneMor anticipates the offering to close on July 10, 2015, subject to customary closing conditions and as described below. StoneMor anticipates to receive net proceeds of about $58.9 million (or about $67.8 million if the underwriters exercise their option to purchase an additional 315,000 common units), after deducting the underwriting discount and offering expenses in connection with this offering.
StoneMor intends to use the net proceeds from the offering to pay down outstanding indebtedness under its revolving credit facility. If the underwriters exercise their option to purchase additional common units, StoneMor will use the additional net proceeds to pay down outstanding indebtedness under its revolving credit facility.
StoneMor Partners L.P., together with its auxiliaries, owns and operates cemeteries in the United States. It operates through Cemetery Operations Southeast, Cemetery Operations Northeast, Cemetery Operations West, and Funeral Homes segments.
Finally, Hatteras Financial Corp. (NYSE:HTS), ended its last trade with 2.33% gain, and closed at $17.16.
Hatteras Financial Corp., declared that it has reached a definitive purchase agreement to acquire Pingora Asset Administration, LLC and Pingora Loan Servicing, LLC, a specialized asset manager focused on investing in new production performing mortgage servicing rights (“MSR”) and servicing residential mortgage loans.
“I am delighted to declare this acquisition and the expanded capabilities we will have in the mortgage market,” said Michael R. Hough, the Company’s Chief Executive Officer and Chairman. “Michael Lau and his team have built an industry leading operating platform for investing in MSRs, and we are fortunate to add their portfolio administration and master servicing oversight capabilities at Hatteras. We expect to leverage Pingora’s platform and start investing in MSRs in July through their established flow MSR acquisition business.”
Hatteras Financial Corp. operates as an externally-managed mortgage real estate investment trust (REIT) in the United States. It invests primarily in single-family residential mortgage real estate assets, such as mortgage-backed securities, which are pass-through securities guaranteed or issued by the United States Government agency or the United States Government-sponsored enterprises; and other financial assets.
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