During Wednesday’s Current trade, Shares of International Paper Co (NYSE:IP), gain 0.55% to $41.92.
International Paper (IP) Chairman and Chief Executive Officer Mark S. Sutton, will speak at the UBS Global Paper and Forest Products Conference on September 10, 2015, in New York City. The presentation is planned to start at 9:00 a.m. ET, followed by a question and answer session. All interested parties are invited to view the presentation and/or listen to the webcast live via International Paper’s Internet site http://www.internationalpaper.com by clicking on the “Investors” tab and then clicking on the “Webcasts & Presentations” link. A replay of the webcast will be accessible on the website about three hours after the presentation.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging. The Industrial Packaging segment manufactures containerboards, counting linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Printing Papers segment produces printing and writing papers, such as uncoated papers for end use applications, counting brochures, pamphlets, greeting cards, books, annual reports, and direct mail, in addition to envelopes, tablets, business forms, and file folders. This segment sells uncoated papers under the Hammermill, Springhill, Williamsburg, Postmark, Accent, Great White, Chamex, Ballet, Rey, Pol, and Svetocopy brand names.
Shares of Jarden Corp (NYSE:JAH), inclined 1.37% to $50.14, during its current trading session.
Jarden Corporation (JAH), a leading global consumer products company, declared recently that it has accomplished its acquisition of Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets, from an investment fund managed by Olympus Partners, a private equity firm, and other stockholders for about $1.35 billion, subject to working capital and other adjustments. As part of the acquisition financing, on July 30th, Jarden closed on $900 million of senior secured term loans comprised of a $300 million add-on to its B-1 facility, which matures in 2020, and a new B-2 facility tranche with a principal amount of $600 million, which matures in 2022. Jarden funded the acquisition with the proceeds from its recently accomplished common stock offering and proceeds from the aforementioned term loan financings.
Barclays Bank PLC acted as Administrative Agent on the $900 million senior secured term loan B-1 and B-2 facilities. Barclays Bank PLC, Credit Suisse Securities (USA) LLC, and UBS Securities LLC were Joint Lead Arrangers and Bookrunners on the facilities. Additionally, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and UBS Securities LLC acted as lead book-running managers for the recent common stock offering. Greenberg Traurig, LLP acted as legal counsel to Jarden on the acquisition.
Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment; fishing and team sports equipment; alpine and nordic skiing, snowboarding, snowshoeing, and in-line skating products; technical and outdoor apparel and equipment; personal flotation devices, water sports equipment, and all-terrain vehicle gears; and inflatable air beds and accessories.
American Homes 4 Rent (NYSE:AMH), during its Wednesday’s current trading session gained 1.53% to $15.88.
American Homes 4 Rent (AMH) declared a dividend of $0.05 per share on the Company’s common shares for the third quarter of 2015. The distribution will be payable in cash on September 30, 2015 to shareholders of record on September 15, 2015.
The Board of Trustees also declared a per share quarterly distribution on the Company’s participating preferred shares of $0.3125 on the 5.000% Series A shares, $0.3125 on the 5.000% Series B shares and $0.34375 on the 5.5000% Series C shares, payable on September 30, 2015 to shareholders of record on September 15, 2015.
American Homes 4 Rent is a real estate investment trust. The firm engages in the acquisition, renovation, leasing, and operating single-family home rental properties in the United States. American Homes 4 Rent was founded in 2012 and is based in Malibu, California.
Finally, H & R Block Inc (NYSE:HRB), gained 6.77%, to $35.17.
H&R Block, Inc. (HRB), the world’s largest consumer tax services provider, today announced that it is commencing its previously announced “modified Dutch auction” tender offer for up to $1,500,000,000 of its common stock at a price per share not less than $32.25 and not greater than $37.00. The tender offer will expire at 5:00 P.M., New York City time, on Friday, October 2, 2015, unless extended by the company. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer, in each case, in accordance with the procedures described in the tender offer materials.
H&R Block, Inc., through its auxiliaries, provides tax preparation, banking, and other services to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees; and online tax services, such as tax advice, professional and do-it-yourself (DIY) tax return preparation, and electronic filing services through its Website hrblock.com.
Finally, Adobe Systems Incorporated (NASDAQ:ADBE), gained 0.22%, to $76.16.
Adobe (ADBE) declared that it has received Federal Risk and Authorization Administration Program (FedRAMP℠) Authority to Operate, a rigorous cloud security assessment for vendors that sell to the federal government. FedRAMP represents the future of digital government by providing a standardized, secure process of selecting cloud service providers that can be used across government agencies. The authorization for Adobe is sponsored by the Department of Health and Human Services.
With this certification, Adobe is the first FedRAMP cloud service provider to deliver web content administration, electronic forms with eSignatures, web-conferencing, eLearning, and document rights administration, as verified by an independent third-party assessment organization. These services are delivered in a hybrid cloud architecture with Software as a Service (SaaS) capabilities from Adobe Experience Manager and Adobe Connect.
Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment’s flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, in addition to their administration in marketing departments and agencies, companies, and publishers.
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