During Tuesday’s Current trade, Shares of Costco Wholesale Corporation (NASDAQ:COST), lost -0.35% to $143.74.
Costco Wholesale Corporation (NASDAQ: COST) declared that its Board of Directors declared a quarterly cash dividend on Costco common stock of $.40 per share. The quarterly dividend is payable August 28, 2015, to shareholders of record at the close of business on August 14, 2015.
Costco Wholesale Corporation, together with its auxiliaries, operates membership warehouses. The company offers branded and private-label products in a range of merchandise categories. It provides dry and institutionally packaged foods; snack foods, candy, tobacco, alcoholic and nonalcoholic beverages, and cleaning and institutional supplies; appliances, electronics, health and beauty aids, hardware, garden and patio, and office supplies; meat, bakery, deli, and produce; and apparel, small appliances, and home furnishings.
Shares of VimpelCom Ltd (ADR) (NASDAQ:VIP), declined -1.77% to $4.99, during its current trading session.
VimpelCom Ltd. (VIP), a leading global provider of telecommunications services headquartered in Amsterdam and serving over 218 million customers, has further demonstrated its commitment to the Dutch information technology economy through its move to join Nederland ICT.
Nederland ICT is the trade association for more than 550 information technology, telecom and internet companies in the Netherlands. It represents a business community with a turnover of almost USD 30 billion and over 250,000 employees, making it the foremost advocate and representative of the Dutch ICT sector. Membership of Nederland ICT allows VimpelCom to engage and develop relationships with its Dutch peers, in addition to take part in the association’s initiatives to grow talent and foster innovation in the Netherlands.
VimpelCom Ltd. provides telecommunications services in Italy, Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. It offers voice and data services through a range of traditional and broadband mobile and fixed line technologies.
Plum Creek Timber Co. Inc. (NYSE:PCL), during its Tuesday’s current trading session gained 1.74% to $40.92.
Plum Creek Timber Company, Inc. (PCL) declared second quarter earnings of $21 million, or $0.12 per diluted share, on revenues of $302 million. Earnings for the second quarter of 2014 were $55 million, or $0.31 per diluted share, on revenues of $356 million. Stated earnings in the second quarter of 2014 were higher due to the sale of over 49,000 acres of Wisconsin timberlands.
Earnings for the first six months of 2015 were $63 million, or $0.35 per diluted share, on revenues of $708 million. Earnings for the first six months of 2014 were $85 million, or $0.47 per diluted share, on revenues of $673 million.
Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products comprise lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips.
Finally, Micrel, Incorporated (NASDAQ:MCRL), gained 0.07%, to $13.86.
Microchip Technology Inc. MCHP revealed that it had received antitrust clearance in U.S. and Germany in relation with its projected acquisition of Micrel, Incorporated (MCRL), another mature semiconductor player.
The waiting period under the provisions of the amended Hart-Scott-Rodino Antitrust Improvements Act of 1976 had expired on Jun 15, and the deal received approval from the Federal Cartel Office in Germany on Jun 17. There is no additional antitrust clearance required for the transaction. However, the closure of the deal is still subject to other conditions, counting merger approval by Micrel shareholders.
The merger was declared in early May, and Microchip anticipates it to close in the third quarter. Micrel which was facing pressure from activist investor Starboard Value LP since last summer, agreed to be attained by fellow chipmaker Microchip in an $839 million deal. Microchip agreed to pay $14 a share to Micrel stockholders, who can opt for either cash or Microchip stock. Not taking into account the cash and investments in Micrel’s books, the transaction would be worth $744 million.
However, just a couple of days ago, a Micrel investor filed a lawsuit in an attempt to prevent the projected takeover by Microchip, alleging that the board at Micrel violated their fiduciary duties to the stockholders by consenting to sell Micrel too cheap via an unfair process to Microchip.
Micrel is better-known for its chips based on analog rather than digital technology. The transaction would bring together two mature semiconductor players that manufacture thousands of different chips that are used in cars, office and industrial equipment and a wide range of consumer products.
Micrel, Incorporated, together with its auxiliaries, designs, develops, manufactures, and markets analog, mixed-signal, and digital semiconductor devices primarily in North America, Asia, and Europe. It offers power conversion products, counting LDOs, DC/DC converters, analog power switches, PMICs, solid state lighting products, and FET drivers; supervisory and reference products that protect, monitor, and enhance the interface of circuitry around microcontroller and processor circuits; and general linear parts, such as op amps, thermal measurement devices, timers, and other general devices.
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