On Wednesday, Shares of The Wendy’s Company (NASDAQ:WEN), lost -3.55% to $10.88.
The Wendy’s Company, declared recently the preliminary results of its modified Dutch auction tender offer, which expired at the end of the day, 12:00 midnight, New York City time, on June 30, 2015.
Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, a total of about 66.6 million shares of the Company’s common stock were validly tendered and not validly withdrawn at or below the purchase price of $11.45 per share, counting about 36.9 million shares that were tendered through notice of guaranteed delivery.
In accordance with the terms and conditions of the tender offer and based on the preliminary count by the depositary, American Stock Transfer & Trust Company, LLC, the Company anticipates to acquire about 55.8 million shares of its common stock at a price of $11.45 per share, for an aggregate cost of about $639.0 million, not taking into account fees and expenses regarding the tender offer. As such, the Company has been informed by the depositary that the preliminary proration factor for the tender offer is about 83.74%. The shares predictable to be attained represent about 15.3% of the total number of shares of the Company’s common stock issued and outstanding as of June 29, 2015.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of May 26, 2015, its restaurant system comprised of about 6,500 franchised and company-operated restaurants worldwide.
Shares of Barrick Gold Corporation (NYSE:ABX), declined -1.97% to $10.45, during its last trading session.
Barrick Gold Corporation, will release second Quarter Results on August 5th after market close. Conference Call and Webcast session will be on August 6th 9:30 am ET.
The Conference Call will be accessible for replay until August 20th, 2015 by calling 800-408-3053 for North American callers and +1 905-694-9451 for International callers, Pass Code: 1747384.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
Finally, Calpine Corp. (NYSE:CPN), ended its last trade with -1.56% loss, and closed at $17.71.
Calpine Corporation, declared that it plans to release second quarter 2015 financial results on Thursday, July 30, 2015, before the opening of the New York Stock Exchange. Administration will present the results during an investor call planned for 10 a.m. Eastern Time / 9 a.m. Central Time on July 30.
Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines.
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