On Tuesday, Shares of Lennar Corp. (NYSE:LEN), gained 1.89% to $49.14.
Lennar Corporation, declared that it has priced an underwritten public offering of $500 million of 4.750% Senior Notes due 2025. The sale of the Notes is predictable to close on April 28, 2015, subject to customary closing conditions. The Company plans to use the net proceeds from the offering, which are estimated to be about $496 million, together with cash on hand, to retire or redeem its 5.60% senior notes due 2015. The Company may use some of the proceeds from the offering for general corporate purposes.
The Notes will have an interest rate of 4.750% per annum and will pay interest semi-annually on May 30 and November 30, commencing November 30, 2015.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch, Mizuho Securities USA Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as Joint Book-Running Managers in the offering. Fifth Third Securities, Inc. and PNC Capital Markets LLC are acting as Co-Managers in the offering.
Lennar Corporation, together with its auxiliaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments.
Shares of GrubHub Inc. (NYSE:GRUB), gained 1.83% to $46.29, during its last trading session.
GrubHub, launched its Feed Kids, Feel Good program to benefit No Kid Hungry’s mission to end childhood hunger in America. In its second year partnering with the organization, GrubHub, with the assist of its diners and restaurant partners, will raise up to $75,000 to support No Kid Hungry’s work to ensure that the 16 million kids struggling with hunger in the U.S. have the healthy food they need, every day.
“As a food technology company in more than 800 cities across the country, we understand the importance of supporting our local communities,” said Matt Maloney, GrubHub CEO. “Our Feed Kids, Feel Good partnership allows GrubHub’s more than five million active diners a simple yet impactful opportunity to support No Kid Hungry’s numerous local initiatives—improving school breakfast programs, teaching families how to prepare healthy meals on a budget and recruiting summer meal sites—all while enjoying a great meal from their favorite neighborhood restaurants.”
GrubHub Inc., together with its auxiliaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects about 30,000 local restaurants with diners in about 800 cities.
At the end of Tuesday’s trade, Shares of Dr Pepper Snapple Group, Inc. (NYSE:DPS), gained 1.80% to $79.19.
Dr Pepper Snapple Group, will issue its first quarter 2015 financial results on Thursday, April 23, before the market opens.
Larry Young, DPS president and CEO, and Marty Ellen, chief financial officer, will talk about the results during an earnings conference call for financial analysts and investors at 10 a.m. CDT that day.
Dr Pepper Snapple Group, Inc. operates as a brand owner, manufacturer, and distributor of non-alcoholic beverages in the United States, Canada, Mexico, and the Caribbean. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages.
Finally, ASML Holding NV (NASDAQ:ASML), ended its last trade with 1.74% gain, and closed at $97.75.
ASML Holding NV, published its 2015 first-quarter results.
- Q1 net sales of EUR 1.65 billion, gross margin 47.2 percent,
- ASML guides Q2 2015 net sales at around EUR 1.6 billion and a gross margin of around 45 percent.
Q1 Product Highlights
- Exposed more than 1000 wafers in a 24-hour period on a NXE:3300B
- EUV source power upgrade is being rolled out to multiple customer sites
- Our Overlay and Focus Package for the TWINSCAN NXT:1970Ci, which improves focus uniformity by up to 30 percent and matched machine overlay by more than 30 percent, practiced good adoption by logic customers
- First orders received for next-generation TWINSCAN NXT:1980Ci immersion tool, aimed at production of critical layers for the next advanced logic nodes.
ASML Holding N.V. engages in the development, production, marketing, sale, and servicing of advanced semiconductor equipment systems with a focus on lithography related systems worldwide.
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