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Thursday 15 October 2015
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(CCL) (NTAP) (FE) Active News Update: Carnival (NYSE:CCL), NetAp (NASDAQ:NTAP), FirstEnergy (NYSE:FE)

On Friday, Shares of Carnival Corp (NYSE:CCL), lost -0.52% to $49.36. 4.88 million shares of the company were exchanged.

Princess Cruises raised the curtain on a new musical revue titled Magic to Do, from the Oscar, Grammy and Tony award-winning composer of Wicked, Pippin and Godspell Stephen Schwartz. The show, a cruise industry first, premiered recently aboard Crown Princess to rave reviews at a special event with Schwartz and the show’s creative team at the Port of Los Angeles.

Magic to Do, Schwartz’s first production for a cruise line, celebrates his lifelong fascination with magic and combines thrilling illusions with some of his most famous songs, such as Magic to Do from Pippin and Defying Gravity from Wicked. The show also comprises a brand new song written exclusively for Princess called A Little Magic. Brought to life by a vibrant cast, imaginative costumes and make-up, stunning scenic designs and baffling illusions Magic to Do is now running in the Princess Theater aboard Crown Princess and debuts aboard Ruby Princess and Emerald Princess in late fall.

Princess Cruises company is part of Carnival Corporation & plc (NYSE/LSE:CCL; NYSE:CUK).

Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia. It operates 100 cruise ships.

Shares of NetApp Inc. (NASDAQ:NTAP), inclined 2.76% to $33.16, during its last trading session.

In the last trading session, the stock moved on high volume, trading at a volume of 4.77 M as compared to its average daily volume of 3.47 million shares.

NetApp ( NTAP) received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC Capital) to purchase up to 3 million shares of NetApp’s common stock at a price of $28.25 per share in cash. The offering price is 4.56 percent below the closing price per share of NetApp’s common stock on September 30, 2015, the last trading day before the commencement of the offer. The offer is for about 1.02 percent of the outstanding shares of NetApp common stock.

NetApp does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that shareholders not tender their shares. NetApp is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation.

TRC Capital has made many similar mini-tender offers for shares of other companies. Because TRC Capital’s mini-tender offer is for less than 5 percent of NetApp’s outstanding shares, it is not subject to many of the disclosure and procedural requirements of the U.S. Securities and Exchange Commission (SEC) that are designed to protect investors. The SEC has cautioned investors about mini-tender offers, noting that “some bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.” The SEC’s investor publication is accessible at http://www.sec.gov/investor/pubs/minitend.htm.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. It offers Data ONTAP storage operating system that delivers integrated data protection, comprehensive data administration, and built-in software for virtualized, shared infrastructures, cloud computing, and mixed workload business applications; E-Series storage systems for storage area network workloads (SAN); all-flash arrays that deliver input/output operations per second and ultralow latency to drive speed, responsiveness, and value from the applications that control key business operations; and hybrid arrays for mainstream business applications.

At the end of Friday’s trade, Shares of FirstEnergy Corp. (NYSE:FE), inclined 0.73% to $31.56.

It traded in a range of $31.24 and $31.56, exchanging hands with 4.72 million shares.

FirstEnergy Corp. (FE) remains among the nation’s leading utilities in promoting economic development, according to Site Selection magazine. This marks the twelfth time in the past 14 years the company has received this honor.

In 2014, FirstEnergy assisted attract nearly $2.2 billion in third-party capital investment to its Ohio, Pennsylvania, New Jersey, West Virginia and Maryland service areas that is predictable to create more than 6,000 new jobs.

The award recognizes utility companies that complement reliable power delivery to their customers with a hands-on approach to encouraging business development in their operational areas. Recipient utilities are chosen based on a mix of objective and subjective criteria, counting what the utility does to assist create jobs and facilitate investment in its area, website tools and data that can be used to assist business development, and survey responses from customers and potential customers.

FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments.

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