During Monday’s current trade, Whiting Petroleum Corp. (NYSE:WLL)’s shares gained 5.61%, and is now trading at $34.65.
Formerly on March 27, Whiting Petroleum Corp., accomplished its formerly declared private unregistered offerings of $1.25 billion aggregate principal amount of 1.25% convertible senior notes due 2020 and $750 million aggregate principal amount of 6.25% senior notes due 2023. The amount of convertible notes comprises the sale of $250 million aggregate principal amount of convertible notes following the exercise of the initial purchasers’ option in full to purchase additional convertible notes.
Whiting also declared by separate press release that it accomplished its formerly declared registered public offering of 35,000,000 shares of its ordinary stock for total net proceeds of about $1.0 billion, after deducting underwriter’s discounts and commissions.
Whiting received about $3.0 billion in aggregate net proceeds from the offerings. Whiting used the net proceeds from the offerings to repay all of the amounts outstanding under its credit contract and will use the remainder for its general corporate purposes.
Whiting Petroleum Corporation, an independent oil and gas corporation, attains, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States.
Wells Fargo & Company (NYSE:WFC)’s shares lost -0.28% during the current trading session Monday, and is now trading at $54.22.
Wells Fargo & Company, NeighborWorks America® and its associate Homestart will join Mayor Richard J. Berry to declare the Albuquerque Wells Fargo HomeLIFT(sm)program, a $4.75 million initiative to boost homeownership and strengthen local neighborhoods.
Of the $4.75 million committed by Wells Fargo, $4.1 million will go toward down payment assistance grants and program support to assist potential homebuyers overcome the barrier of making a sufficient down payment.
Down payment assistance grants of $15,000 will be accessible for eligible homebuyers with annual revenues that do not exceed 120 percent of the Albuquerque area median revenue – which is about $71,300 for a family of four – with revenue maximums varying depending on family size and type of loan. To be eligible, homebuyers must meet criteria counting concluding an eight-hour homebuyer education session with Homestart or another HUD-approved counseling agency.
To reserve a $15,000 grant, participants buying homes with LIFT program down payment assistance grants must commit to live in the home for five years and qualify for a first mortgage on the property. The down payment assistance grants may also be used to buy a home that needs improvements with a new mortgage purchase 203k renovation loan.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
During current trade, Windstream Holdings, Inc. (NASDAQ:WIN)’s shares climbed 1.58%, and is now trading at $8.05, as a leading provider of advanced network communications, released a new research report titled Smart 2025: The Future of the Connected Home and Community. Conducted in partnership with Ovum, a leading global technology research firm, the report demonstrates how connected technology is poised to change the way we live in 10 years.
Key findings from the report incorporate analysis of the current state of connected technology and predictions for its future in the community, counting how it’s poised to transform homes, transportation, entertainment, healthcare and more. In addition, analysts forecast what will drive widespread adoption and explore the infrastructure improvements necessary to support it.
Research found that smart technology solutions focused on security, energy efficiency and home automation are in the early adoption phases, but are predictable for mass-market infiltration within the next three years. And in 10 years, greater interoperability and ease of use will make smart homes a DIY-venture. Along the way developers will need to overcome issues of high cost, fragmentation among devices and growing concerns of privacy and security in order to achieve widespread adoption.
Fundamental needs are poised to drive adoption more than price, advertising or even design, analysts suggest. Analysts map widespread adoption to Maslow’s Hierarchy of Needs, predicting that segments that serve primary needs such as physiological demands (think smart energy, e-health) may be embraced before connected technologies that serve higher-level needs like esteem and self-actualization, such as home automation devices.
Windstream Holdings, Inc. provides communications and technology solutions in the United States. It offers managed services and cloud computing services to businesses, in addition to broadband, voice, and video services to consumers primarily in rural markets. The corporation’s primary business service offerings comprise integrated voice and data services, multi-site networking, data center services, managed services, high-speed Internet, and voice services.
International Game Technology (NYSE:IGT), during its Monday’s current trading session lost -0.28%, and is now trading at $17.72, as the company on last Thursday, declared IGT’s final per share merger consideration under the formerly declared Contract and Plan of Merger dated as of July 15, 2014, as amended by and among IGT, GTECH, GTECH Corporation, International Game Technology PLC and Georgia Worldwide Corporation.
Upon completion of the transactions contemplated by the Merger Contract, IGT shareholders will be entitled to receive $14.3396 in cash, plus 0.1819 ordinary shares of NewCo for each share of IGT ordinary stock. GTECH shareholders will receive one ordinary share of NewCo for each share of GTECH. As formerly declared, NewCo will be the holding corporation of the combined organization and upon closing on April 7, it is predictable that its ordinary shares will trade on the New York Stock Exchange under the “IGT” ticker symbol (Ticker Symbol: IGT; ISIN code GB00BVG7F061).
The final per share merger consideration payable to IGT shareholders was determined following the process outlined in the Merger Contract, which comprised of the calculation of the “Gold Share Trading Price” of $20.2379, wherein an average U.S. dollar converted VWAP price for GTECH shares was calculated from 10 trading days selected randomly from a 20-trading day window.
International Game Technology, a gaming corporation, designs, develops, manufactures, and markets casino-style gaming equipment, systems technology, and game content for land-based and online markets worldwide. The corporation operates in two segments, North America and International.
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