On Monday, Shares of Zayo Group Holdings Inc (NYSE:ZAYO), lost -2.38% to $25.44.
Zayo Group Holdings, declared that it has reached a contract with certain of its stockholders to amend and extend the transfer restrictions under the Stockholders Agreement dated as of October 22, 2014. Holders of about 177 million shares of Zayo common stock are subject to the Stockholders Agreement, as amended.
“The Company and its pre-IPO equity sponsors are committed to an orderly transition of ownership over time while increasing the public float and opportunities for new investors to take part,” according to Ken desGarennes, Zayo CFO. “Our original investors have been and continue to be great supporters of Zayo and its continued success.”
The transfer restriction provisions of the original agreement were planned to expire on October 23, 2015. The amendment extends the transfer restrictions for an additional year and provides for periodic partial releases starting with the immediate release of about 21 million shares followed by graduated periodic releases of restrictions between November 15, 2015 and the final transfer restriction release date of October 23, 2016.
Zayo Group Holdings, Inc., through its auxiliaries, provides bandwidth infrastructure solutions for the communications industry in the United States and Europe. The company operates in three segments: Physical Infrastructure, Cloud and Connectivity, and Other.
Shares of Northern Tier Energy LP (NYSE:NTI), declined -4.44% to $23.02, during its last trading session.
Northern Tier Energy LP, will report its financial results for the third quarter ended September 30, 2015, on Tuesday, November 3, 2015, before the open of trading on the New York Stock Exchange. Northern Tier will also host a conference call to discuss these results on Tuesday, November 3, 2015, at 11:30 a.m. EST.
Northern Tier Energy LP, an independent downstream energy company, engages in refining, retail, and pipeline operations in the United States. It operates through two segments, Refining and Retail.
At the end of Monday’s trade, Shares of Digital Realty Trust, Inc. (NYSE:DLR), lost -1.77% to $62.85.
Digital Realty Trust, declared that its wholly owned partner, Digital Delta Holdings, LLC, priced a private placement of $500 million aggregate principal amount of 3.400% Notes due 2020 (the “2020 notes”) and $450 million aggregate principal amount of 4.750% Notes due 2025 (the “2025 notes”, and together with the 2020 notes, the “notes”) at 99.777% and 100% of the principal amount of the 2020 notes and 2025 notes, respectively. The notes will be fully and unconditionally guaranteed by Digital Realty Trust, Inc. and its operating partnership partner, Digital Realty Trust, L.P.
The net proceeds from the offering are predictable to be used to fund a portion of the aggregate purchase price for the formerly declared pending acquisition of Telx Holdings, Inc. To the extent that there are excess net proceeds, such excess net proceeds may be applied to repay borrowings under Digital Realty Trust, L.P.’s global revolving credit facility. If the acquisition of Telx Holdings, Inc. is not accomplished by February 11, 2016, or if the related merger agreement is terminated preceding to such date, all of the notes will be required to be redeemed at a redemption price equal to 101% of the principal amount of the notes plus accrued and unpaid interest, if any, up to, but not counting, the date of redemption.
Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and administration of technology-related real estate.
Finally, Apollo Education Group Inc (NASDAQ:APOL), ended its last trade with -3.27% loss, and closed at $10.96.
Security risks to individuals and organizations are evolving at such a rapid pace, organizations of all sizes are struggling to maintain a security workforce with the skills to thwart criminal efforts that impact a company’s bottom line and to protect consumers’ data. University of Phoenix declared that Time Warner Cable and IBM have taken an unprecedented step to address security workforce up skilling by realigning security-related job descriptions to the University of Phoenix and ASIS Foundation Enterprise Security Competency Model. The model is a first of its kind in the industry and allows employers of all sizes to accurately define core skills and competencies required for security positions, ensuring a clear path to education, training and ultimately, competency to address 21st century security risks.
“The Enterprise Security Competency Model is the first in the industry to identify the specific professional competencies and skills required to respond to security risks,” said Brian Allen, chief security officer for Time Warner Cable. “When we realigned our job descriptions to conform to this model, it affected more than 100 security-related jobs, raised skill sets and raised expectations for those already employed by Time Warner Cable. It now serves as a guide for those looking to join our company.”
Apollo Education Group, Inc. provides private education services. It offers online and on-campus undergraduate, graduate, professional development, and other non-degree educational programs and services primarily to working learners in the United States and internationally.
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