During Tuesday’s Current trade, Shares of Questar Corporation (NYSE:STR), gain 0.52% to $19.20.
Questar Corporation (STR) declared that its partner, Wexpro Company, has reached a joint venture to develop natural gas-producing properties in western Colorado’s Piceance Basin. Wexpro will partner with Piceance Energy, LLC, a partner of Laramie Energy II, LLC, and a leader in developing low-cost drilling and completion strategies in the basin.
Wexpro anticipates to spend $60 million to $70 million on an 80-well drilling program targeting the Mesaverde formation. The partners will start drilling in the Collbran Valley in Mesa County in early October 2015, and continue through early 2017. The joint-development agreement also provides Wexpro options to acquire development rights for deeper formations and, with mutual consent, to significantly extend and expand the drilling program up to 300 wells, depending on commodity prices.
Questar Corporation operates as an integrated natural gas company in the United States. It distributes natural gas as a public utility in Utah, southwestern Wyoming, and a small portion of southeastern Idaho serving 975,200 sales and transportation customers; and owns and operates distribution systems comprising 28,239 miles of street mains, service lines, and interconnecting pipelines, in addition to has long-term franchises granted by communities and counties in its service area.
Shares of Youku Tudou Inc (ADR) (NYSE:YOKU), declined -2.59% to $15.80, during its current trading session.
Youku Tudou, Inc. (YOKU), a leading multi-screen entertainment and media company in China (“Youku Tudou” or the “Company”), declared that it has reached a content licensing agreement with Paramount Pictures that will bring more than a hundred top titles from Paramount Picture’s film library to Youku Tudou. Popular franchises and titles such as Transformers, Shrek, Star Trek, Mission: Impossible and Forrest Gump will be viewable through Youku Tudou’s subscription service and select future Paramount releases will be accessible through TVOD.
Youku Tudou’s subscription service presently offers a wide selection of content from both foreign and domestic studios. More licensed content in addition to Youku Tudou web-native content will be added on an ongoing basis, continually enriching the value proposition of the Company’s subscription services.
Youku Tudou Inc. operates as an Internet television company in the People’s Republic of China. Its Internet television platform enables users to search, view, and share video content across various devices.
Eaton Vance Corp (NYSE:EV), during its Tuesday’s current trading session gained 0.27% to $33.23.
The Boards of Trustees of Eaton Vance Limited Duration Income Fund (EVV) and Eaton Vance National Municipal Opportunities Trust (EOT) (the “Funds”), each a closed-end investment company, voted to hold the Annual Meeting of Shareholders of each Fund co presently on Thursday, January 21, 2016 at 11:30 a.m. (EST). The meetings will be held at the principal office of the Funds, Two International Place, Boston, Massachusetts 02110. Proxy materials will be mailed on or about November 25, 2015 to shareholders of record on November 9, 2015. Shareholders of each Fund will be asked to vote on the election of Class I Trustees of the Fund. The results of the meetings will be stated in a subsequent report to shareholders.
The Funds are managed by Eaton Vance Administration, a partner of Eaton Vance Corp. (EV), based in Boston, one of the oldest investment administration firms in the United States, with a history dating back to 1924. Eaton Vance and its associates managed $312.6 billion in assets as of July 31, 2015, offering individuals and institutions a broad array of investment strategies and wealth administration solutions. Eaton Vance’s long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made it the investment manager of choice for many of recently’s most discerning investors.
Eaton Vance Corp., through its auxiliaries, engages in the creation, marketing, and administration of investment funds in the United States. It also provides investment administration and counseling services to institutions and individuals.
Finally, Kraton Performance Polymers Inc (NYSE:KRA), gained 0.53%, to $17.16.
Kraton Performance Polymers, Inc. (KRA), a global producer of highly-engineered polymers, declared that it has reached a definitive agreement to acquire all of the capital stock of privately held Arizona Chemical Holdings Corporation for a cash purchase price of $1.37 billion. Arizona Chemical is a leading global producer of high-value performance products and specialty chemicals derived from non-hydrocarbon, renewable raw materials. Arizona Chemical’s end use market exposure is highly complementary with that of Kraton, particularly in markets such as adhesives, roads and construction, coatings and oilfield chemicals.
The $1.37 billion base purchase price is subject to adjustment for cash and indebtedness at closing, in addition to an adjustment for working capital and other items. Kraton will finance the purchase price through debt facilities that have been committed by Credit Suisse Securities (USA) LLC, Nomura Securities International, Inc., and Deutsche Bank Securities, Inc. The seller of Arizona Chemical is AZC Holding Company, LLC, which is principally owned by investment funds managed by American Securities LLC.
Kraton Performance Polymers, Inc. produces and sells styrenic block copolymers (SBCs) and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
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