On Friday, Cypress Semiconductor Corporation (NASDAQ:CY)’s shares inclined 4.19% to $8.70.
Cypress Semiconductor Corp. (CY) issued the following statement in response to recent market rumors regarding Atmel Corporation (ATML).
Cypress formerly presented an offer to the Board of Directors of Atmel to acquire Atmel. That offer expired and Cypress has withdrawn its interest in an acquisition of Atmel. Cypress regularly evaluates acquisition opportunities to complement its existing business, and maintains a disciplined approach to ensure that it continues to deliver long-term value to its shareholders.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
SandRidge Energy Inc. (NYSE:SD)’s shares gained 16.20% to $0.354.
SandRidge Energy, Inc. (SD) declared that its Board of Directors has decided to suspend payment of the $3.50 per share semi-annual dividend on shares of its 7.0% Convertible Perpetual Preferred Stock.
James Bennett, President and CEO, commented “Preservation of liquidity and prudent capital allocation are key issues for SandRidge in the current environment. In preceding periods, we had chosen to PIK the dividend on our preferred stock, paying in common shares rather than in cash. Given the low recent SD share price, paying the dividend in shares would subject our equity holders to noteworthy dilution. So we have chosen to suspend the dividend as we proactively protect and improve our balance sheet while supporting long term enterprise value.”
The Company has 3,000,000 shares of 7.0% Convertible Perpetual Preferred Stock outstanding and will continue to re-evaluate the dividend payment policy on a semi-annual basis.
The suspension of its dividend does not affect the Company’s business operations and does not cause an event of default under any of its debt agreements.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
At the end of Friday’s trade, Platform Specialty Products Corp (NYSE:PAH)‘s shares surged 6.66% to $13.77
Platform Specialty Products Corporation (PAH) has received a short term rating of strong sell from research analysts at Zacks with a rank of 5. The company has been rated an average of 2 by 2 Wall Street Analysts. 1 analysts have added the shares in their list of strong buys. 1 broker firms have advised hold.
Moreover, the stock has received a short term price target of $ 29 from 2 Analyst. The share price can be predictable to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.83. The higher estimate of target price is $31 , while the lower price target estimate is $27
Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, Asia, and Europe. The company’s Performance Materials segment manufactures and markets plating products that are used to plate holes; final finishes, which are used on printed circuit boards; circuit formation products to promote adhesion and form circuit patterns; oxides that are used in the fabrication of multilayer circuit boards; and pre-treatment and cleaning solutions.
Carnival Corp (NYSE:CCL), ended its Friday’s trading session with 0.50% gain, and closed at $49.76.
Holland America Line is supporting October’s National Plan a Cruise Month organized by Cruise Lines International Association with Explore 4 savings, onboard credits and three special cruises that will be given away in CLIA’s #CruiseSmile sweepstakes.
The month long event offers promotions and online opportunities to give consumers the perfect chance to become more knowledgeable about cruising, in addition to plan and book a cruise vacation while taking advantage of special savings and promotions.
Throughout the month, Holland America Line will feature the exclusive Explore 4 promotion on select holiday 2015 and January 2016 through April 2017 sailings that provides four added-value extras: a free Signature Beverage Package valued at up to US$1,400, free Pinnacle Grill dinner for two, reduced cruise fares for third and fourth guests in the same stateroom and 50 percent reduced deposits. Suite bookings also receive a $300 onboard spending credit per stateroom ($150 per person) and a free Canaletto dinner in addition to the other offers.
Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia. It operates 100 cruise ships.
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