During Tuesday’s current trade, Ingersoll-Rand PLC (NYSE:IR)’s shares decline -0.06% to $69.00.
Ingersoll-Rand Plc (IR) declared advanced diagnostic features for heating, ventilation and air conditioning (HVAC) systems to give homeowners added peace of mind their system is performing optimally. When a homeowner opts in to Nexia Diagnostics, they allow remote HVAC system monitoring by their preferred HVAC dealer, which can assist prevent minor issues from turning into major repairs.
The diagnostic features are free for homeowners and their HVAC dealers. Accessible with Trane and American Standard Wi-Fi-enabled thermostats and a free Nexia account, the diagnostic features extend the value of the Nexia Home Intelligence system by providing HVAC technicians real-time and historical performance data on one of the home’s most expensive and complicated pieces of equipment.
Ingersoll-Rand plc, together with its auxiliaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers heating, ventilation, and air conditioning (HVAC) systems, in addition to commercial and residential building services, parts, support, and controls under the Trane and American Standard brands; and transport temperature control solutions under the Thermo King brand.
Wisconsin Energy Corp (NYSE:WEC)‘s shares gain 0.55% to $45.78, during the current trading session Tuesday’s, hitting its highest level.
In preparation for the potential closing of the merger of Integrys Energy Group ( TEG) with Wisconsin Energy Corporation ( WEC) prior to the next Integrys Energy Group common stock dividend record date, and in accordance with the merger agreement, the Board of Directors of Integrys Energy Group recently declared a special pro rata dividend to ensure that its shareholders continue to receive their dividend at the current rate until the closing of the merger.
The Board of Directors declared a pro rata dividend of $0.007234 per share per day that will accrue from May 30, 2015 (the date right away following the prior Integrys Energy Group record date), until and counting the day prior to the effective day of the merger. This pro rata dividend, which is the daily equivalent of the current quarterly dividend rate of $0.68 per share, will be paid to Integrys Energy Group shareholders of record at the close of business on the day right away prior to the effective date of the merger. The dividend will be paid as soon as practicable following the completion of the merger. The effective date of the merger is not presently known, but is predictable to occur by the end of this summer.
Wisconsin Energy Corporation, through its auxiliaries, generates and distributes electric energy. The company operates in two segments, Utility Energy and Non-Utility Energy. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass. The company provides electric utility services to customers in the paper, foundry, food products, and machinery production industries, in addition to the retail chains.
In a afternoon trade, HSBC Holdings plc (ADR) (NYSE:HSBC)‘s shares plunge -0.47% to $46.52.
HSBC Holdings plc (ADR) (HSBC) has designated trade veteran Inwha Huh as Head of Global Trade and Receivables Finance (GTRF), US and Canada, effective June 23, 2015. Inwha will be responsible for leading and managing GTRF activities across the United States and Canada for Commercial and Global Banking clients.
Inwha joins HSBC from GE Capital, where she established the Capital Markets practice as Managing Director and Head of Global Business Development & Capital Markets. Prior to this, Inwha held a variety of roles in trade finance and commercial banking in the U.S., UK and Asia. She will report jointly to Stuart Tait, Global Head of GTRF, and Wyatt Crowell, Senior Executive Vice President and Head of Commercial Banking, HSBC Bank USA.
HSBC Holdings plc provides banking and financial products and services. It operates through four businesses Retail Banking and Wealth Administration, Commercial Banking, Global Banking and Markets, and Global Private Banking. The company’s Retail Banking and Wealth Administration business offers a range of personal banking products and services, counting current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and international payment services; and wealth administration services comprising insurance and investment products, asset administration services, and financial planning services.
Anadarko Petroleum Corporation (NYSE:APC), during its Tuesday’s current trading session 0.70% gain and closed at $83.25.
Anadarko Petroleum Corporation (APC) declared the pricing of its registered underwritten public offering (the TEU offering) of 8,000,000 7.50-percent tangible equity units (TEUs), with a stated amount per TEU of $50, resulting in net proceeds to Anadarko of about $387.1 million, and the pricing of the concurrent registered public offering (the WGP secondary offering) of 2,000,000 common units representing limited partner interests in Western Gas Equity Partners, LP (WGP), which were offered to the public at $58.20 per common unit. WGP is a partner of Anadarko formed to own partnership interests in Western Gas Partners, LP (WES), a separate partner of Anadarko formed to acquire, own, develop and operate midstream energy assets.
J.P. Morgan Securities LLC served as sole book-running manager for the TEU offering and joint book-running manager for the WGP secondary offering. Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC also served as joint book-running managers for the WGP secondary offering. The underwriters of the TEU offering have a 30-day option to purchase up to an additional 1,200,000 TEUs, solely to cover over-allotments, and the underwriters of the WGP secondary offering have a 30-day option to purchase up to an additional 300,000 common units. Proceeds from each of the offerings will be used for Anadarko’s general corporate purposes.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores for and produces natural gas, oil, condensate, and natural gas liquids (NGLs).
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