During Wednesday’s Current trade, Shares of Lincoln National Corporation ( NYSE:LNC), gain 1.64% to $60.19.
Lincoln Financial Group (LNC) declared the next generation of its Lincoln AssetEdge® Variable Universal Life (VUL) insurance offering, featuring expanded investment options for tax-efficient cash accumulation with downside protection, and supplemental income potential, as well as life insurance protection.
In addition to offering clients an income tax-free death benefit and more than 80 market-driven variable investment options from the Lincoln Elite Series of Funds for maximum growth potential, Lincoln AssetEdge® VUL now offers three indexed accounts for moderate growth potential with guaranteed downside protection, and a fixed account for more conservative, predictable growth. Clients have the ability to adjust investment allocations over time to align with changing needs and financial goals.
Lincoln National Corporation, through its auxiliaries, engages in multiple insurance and retirement businesses in the United States. It operates through Annuities, Retirement Plan Services, Life Insurance, and Group Protection segments.
Shares of MiMedx Group Inc (NASDAQ:MDXG), declined -1.38% to $11.43, during its current trading session.
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
S&P 500 constituent The Priceline Group Inc. (PCLN) will replace Baxter International Inc. (BAX) in the S&P 100, Baxalta Inc. (BXLT) will replace QEP Resources Inc. (QEP) in the S&P 500, QEP Resources will replace Itron Inc. (ITRI) in the S&P MidCap 400, and Itron will replace Arch Coal Inc. (ACI) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. Baxter International is spinning off Baxalta in a transaction predictable to be accomplished on that date. Baxter International will remain in the S&P 500 following the distribution, but its post spin market capitalization will no longer make it appropriate for the S&P 100. QEP Resources, Itron and Arch Coal are all ranked near or at the bottom of their current indices.
Skechers USA Inc. (SKX) will replace Rock-Tenn Co. (RKT) in the S&P MidCap 400, and MiMedx Group Inc. (MDXG) will replace Skechers USA in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent MeadWestvaco Corp. (MWV) is combining with Rock-Tenn in a transaction predictable to be accomplished on or about that date. The combined company will remain in the S&P 500 and will change its name to WestRock Co.
HealthEquity Inc. (HQY) will replace Zep Inc. (ZEP) in the S&P SmallCap 600 after the close of trading on Thursday, June 25. Private equity firm New Mountain Capital is acquiring Zep in a transaction predictable to be accomplished on or about that date pending final approvals.
The Priceline Group provides online travel and travel related reservation and search services.
Baxalta develops and markets innovative biopharmaceuticals. Headquartered in Deerfield, IL, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Biopharmaceuticals Sub-Industry index.
MiMedx Group, Inc. develops, processes, and markets patent protected regenerative biomaterial products and bioimplants processed from human amniotic membrane. Its biomaterial platform technologies are AmnioFix, EpiFix, and CollaFix. The company’s AmnioFix and EpiFix are tissue technologies processed from human amniotic membrane derived from donated placentas.
Orbitz Worldwide, Inc. (NYSE:OWW), during its Wednesday’s current trading session gained 0.04% to $11.43.
Orbitz Worldwide, Inc. (OWW) declared that at its annual stockholders meeting recently in Chicago, stockholders approved the merger agreement providing for the acquisition of Orbitz Worldwide by Expedia, Inc. (EXPE). About 74 percent of the shares outstanding voted in favor of the transaction. More than 99 percent of the votes cast were in favor of the transaction.
Expedia, Inc. and Orbitz Worldwide declared their entry into the merger agreement on Feb. 12, 2015, whereby Expedia agreed to acquire all outstanding shares of Orbitz Worldwide at $12 per share. On March 25, the two companies declared that they had each received a request for additional information and documentary material (“second request”) from the U.S. Department of Justice (DOJ) as part of the agency’s regulatory review. The two companies continue to fully cooperate with the DOJ. The transaction also remains subject to additional customary closing conditions.
Orbitz Worldwide, Inc. operates as an online travel company worldwide. It uses technology that enables leisure and business travelers to research, plan, and book a range of travel products and services, counting hotels, flights, vacation packages, car rentals, rail tickets, cruises, travel insurance, destination, services and event tickets. It also provides various travel administration services; and private label travel solutions to a range of partners.
Finally, Teekay Offshore Partners L.P. (NYSE:TOO), decreased -1.38%, to $19.95.
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (TOO) recently declared that it will complete the acquisition of the Petrojarl Knarr (Knarr) floating production, storage and offloading (FPSO) unit from Teekay Corporation (Teekay) for its fully built-up cost of about $1.26 billion on July 1, 2015, subject to customary closing conditions. The FPSO has now accomplished all the required operational testing and has commenced its full charter rate under the long-term contract on the Knarr oil and gas field in the North Sea where BG Norge Limited (BG) is the operator.
The Knarr FPSO acquisition will be fully financed through the assumption of an existing $745 million long-term debt facility and $550 million of equity financings. The equity financings will also fund a portion of the initial installments of the three shuttle tanker newbuildings being constructed for the East Coast of Canada 15-year shuttle tanker contracts awarded to the Partnership in early-June 2015.
Teekay Offshore Partners L.P. provides marine transportation, oil production, storage, towage, and floating accommodation services to the offshore oil industry in the North Sea and Brazil. The company operates through four segments: Shuttle Tanker; Floating Production, Storage and OffLoading (FPSO); Floating Storage and Off-Take (FSO); and Conventional Tanker. As of April 02, 2015, it owned interests in 32 shuttle tankers, which comprised of 2 chartered-in vessels and 1 vessel in lay up; 7 FPSO units; 6 FSO units; 1 hiload dynamic positioning unit; 10 long-haul towing and anchor handling vessels; 3 units for maintenance and safety; and 4 conventional oil tankers.
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