On Monday, Shares of Enterprise Products Partners L.P. (NYSE:EPD), climbed 1.78% to $31.97.
Enterprise Products Partners, declared it has executed definitive agreements to purchase all of the member interests in EFS Midstream LLC (“EFS Midstream”) from associates of Pioneer Natural Resources Company (“Pioneer”) and Reliance Industries Limited (“Reliance”) for $2.15 billion. The purchase price will be paid in two installments with the first installment of $1.15 billion paid at closing and the final installment of $1.0 billion paid no later than the first anniversary of the closing date.
EFS Midstream provides gas gathering, treating, compression and condensate processing services in the Eagle Ford Shale. The EFS Midstream system comprises about 460 miles of natural gas gathering pipelines, 10 central gathering plants, 780 million cubic feet per day of natural gas treating capacity and 119 thousand barrels per day of condensate stabilization capacity. Under the terms of the agreements, the Pioneer and Reliance joint development will dedicate its Eagle Ford Shale acreage to Enterprise under a 20-year, fixed-fee gathering agreement that comprises a minimum volume requirement for the first seven years. Pioneer and Reliance will also dedicate their Eagle Ford Shale acreage under related 20-year fee-based agreements with Enterprise for natural gas processing, natural gas liquids transportation and fractionation, and for natural gas, processed condensate and crude oil transportation services.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally.
During an Afternoon trade, Shares of Royal Dutch Shell plc (ADR) (NYSE:RDS.A), dipped - 0.03% to $58.00.
Royal Dutch Shell, declared that application has been made to the UK Listing Authority and the London Stock Exchange for 23,430,143 A Ordinary shares of Eur 0.07 each in the capital of Shell to be admitted to the Official List of the United Kingdom Listing Authority and to be traded on the main market of the London Stock Exchange. Application will also be made to Euronext Amsterdam for the shares to be admitted to trading on Euronext Amsterdam.
The shares are to be issued as a scrip dividend alternative to receiving a cash dividend in respect of the first quarter 2015 interim dividend and dealings are predictable to commence on June 22, 2015.
Royal Dutch Shell plc operates as an independent oil and gas company worldwide. It operates through Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas, and natural gas liquids.
Shares of Investors Bancorp, Inc. (NASDAQ:ISBC), during its Monday’s trading session raised 0.48% to $12.59.
Investors Bancorp, declared that its Board of Directors approved the Company’s second share repurchase program which authorizes the repurchase of an additional 10% of the Company’s outstanding shares of common stock, or about 34 million shares. The new repurchase program will commence right away upon completion of the first repurchase plan declared in March 2015.
Investors Bancorp, Inc. operates as the holding company for Investors Bank that provides various banking products and services for businesses and individuals in the United States. It offers deposit products, such as savings, checking, and money market accounts, in addition to certificates of deposit.
Finally, salesforce.com, inc. (NYSE:CRM), gained 1.10% Monday.
salesforce.com, released its “2015 Connected Cities Report.” Based on an online survey conducted by Harris Poll in May on behalf of Salesforce among 3,075 adults in 15 major U.S. cities, the report found that residents want to use digital technologies such as mobile apps, websites and social media to communicate with their local governments on service issues, public transportation, public safety, energy use and other civic concerns. However, in contrast to the demand for digital technologies, the report found residents have generally low use — or low awareness — of current offerings in their cities.
Local governments recently face disruption from private sector technologies encroaching on government services. In addition, residents, have heightened expectations for the quality and availability of digital technologies to communicate with their local governments. With this as a backdrop, the Salesforce “2015 Connected Cities Report” ranked 15 major cities — Boston, Chicago, Dallas, Denver, Detroit, Houston, Indianapolis, Los Angeles, New York, Philadelphia, Phoenix, San Antonio, San Francisco, Seattle and Washington, D.C. — according to how well they connect with residents using digital technologies across six major categories, counting general city services, civic engagement, public safety, transportation, energy use and future vision.
salesforce.com, inc. provides enterprise cloud computing solutions, with a focus on customer relationship administration to various businesses and industries worldwide. The company offers enterprise cloud computing apps and platform services, counting Sales Cloud for sales force automation, which enables companies to store data, access accurate customer and prospect information, track leads and progress, forecast opportunities, and collaborate around any sale on desktop and mobile devices; Service Cloud that enables companies to connect address customers service and support needs; and Marketing Cloud, which enables companies to map customer journeys to digital marketing interactions through email, mobile, social, Web, and connected products.
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