During Wednesday’s Current trade, Shares of Twenty-First Century Fox Inc(NASDAQ:FOXA), gain 0.60% to $26.72.
The National Geographic Society and 21st Century Fox declared recently that they have reached a contract to expand their highly successful 18-year partnership through which they have owned and operated the properties in National Geographic Channels, a joint venture of domestic and international cable television channels which together reach more than 500 million households globally.
The National Geographic Society is a 501(c)(3) non-profit organization focused on its mission of science, exploration and education. Consideration for the transaction is valued at $725 million. As a result, the Society’s endowment will significantly enhance to nearly $1 billion. The new entity will be owned 73 percent by 21st Century Fox and 27 percent by The National Geographic Society with a shared governance structure and equal representation on the board of directors. The Board Chair will alternate annually, with Gary Knell, National Geographic Society President and CEO, serving as the Board’s first Chairman.
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming; Television; Filmed Entertainment; and Other, Corporate and Eliminations segments. The company produces and licenses news, sports, entertainment, television, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors. It also broadcasts network programming; and operates 28 broadcast television stations, counting 11 duopolies in the United States.
Shares of American Homes 4 Rent (NYSE:AMH), inclined 1.01% to $15.97, during its current trading session.
American Homes 4 Rent (AMH) declared that it has priced its fifth securitization transaction. The transaction involves the issuance and sale to third parties of single-family rental pass-through certificates that represent beneficial ownership interests in a loan secured by 4,125 single-family residential properties transferred to an associate from the Company’s portfolio of single-family properties. The Company anticipates gross proceeds from the sale of its certificates of about $477.7 million. The certificates will be issued for a thirty-year term with an anticipated repayment date ten years after the closing date. The duration-adjusted weighted average coupon rate for the certificates for the first ten years is 4.361%.
The transaction is predictable to close on or about September 22, 2015. With the closing of this transaction, the Company will have accomplished five securitizations since May 2014, raising about $2.53 billion.
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.
BlackBerry Ltd(NASDAQ:BBRY), during its Wednesday’s current trading session gained 1.07% to $7.57.
BlackBerry Limited (BBRY) (BB.TO) will be reporting results for the second quarter of fiscal 2016 on September 25, 2015. A conference call and live webcast will be held starting at 8 am ET.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data. It also provides BlackBerry 10 smartphones; BlackBerry Enterprise Service (BES) 10 and BES 12, which are enterprise mobility administration solutions; QNX software for embedded markets; cloud-based BlackBerry Internet of Things platform; and BBM, an instant mobile to mobile private messaging service.
Finally, Molson Coors Brewing Company (NYSE:TAP), gained 13.54%, to $82.48.
The Board of Directors of MillerCoors, the U.S. and Puerto Rican joint venture between SABMiller plc (LN:SAB; OTC:SABMRY) and Molson Coors Brewing Company (NYSE: TAP; TSX: TPX), recently named Gavin Hattersley to the role of chief executive officer, following former CEO Tom Long, who stepped down on June 30, 2015. Hattersley, 52, had been serving as the interim CEO of MillerCoors since July 1, in addition to his role as chief financial officer of Molson Coors.
Molson Coors has begun the process of identifying Hattersley’s successor as CFO. Hattersley will remain in a dual capacity as MillerCoors CEO and CFO of Molson Coors until mid-November.
Molson Coors Brewing Company manufactures and sells beer and other beverage products. The company sells its products under the Coors Light, Molson Canadian, Carling, Carling Black Label, Coors Altitude, Coors Banquet, Creemore Springs, the Granville Island, Keystone Light, Mad Jack, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Pilsner, and the Rickard’s family brands in Canada; and brews or distributes under the Amstel Light, Heineken, Murphy’s, Newcastle Brown Ale, Strongbow cider, Desperados, Dos Equis, Moretti, Sol, Tecate, Miller Chill, and Miller Genuine Draft brands. It also sells various brands in the United States and Puerto Rico, such as Coors Light, Miller Lite, Batch 19, Blue Moon, Coors Banquet, Coors Non-Alcoholic, Grolsch, Hamm’s, Henry Weinhard’s, Icehouse, Keystone, Leinenkugel’s brands, Mickey’s, Miller Fortune, Miller Genuine Draft, Miller High Life, Milwaukee’s Best, Olde English 800, Peroni Nastro Azzurro, Pilsner Urquell, Sharp’s non-alcoholic, Smith & Forge, St. Stefanus, Steel Reserve, Third Shift, Worthington’s, and hard cider brands; and brews or distributes under the George Killian’s Irish Red, Redd’s, Foster’s, and Molson brands.
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