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Sunday 7 June 2015
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Friday’s Trade News Review: Terex (NYSE:TEX), Owens-Illinois (NYSE:OI), Blackstone Mortgage Trust (NYSE:BXMT), Air Lease (NYSE:AL)

On Friday, Terex Corporation (NYSE:TEX)’s shares inclined 0.72% to $25.14.

Terex Corporation (TEX) declared that its Board of Directors declared a quarterly dividend of $0.06 per common share. The dividend is to be paid on June 19, 2015 to all stockholders of record as of the close of business on June 10, 2015.

Terex Corporation operates as a lifting and material handling solutions company. Its Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers, and light towers, as well as related components and replacement parts under Terex and Genie names. The company’s Construction segment offers compact construction equipment, including loader backhoes, mini and midi excavators, wheeled excavators, site dumpers, compaction rollers, skid steer loaders, and wheel loaders; and specialty equipment, such as material handlers, concrete mixer trucks, and concrete pavers.

Owens-Illinois Inc (NYSE:OI)’s shares gained 0.29% to $24.32.

Owens-Illinois, Inc. (OI) announced that the company will participate in the 2015 Macquarie Global Metals, Mining and Materials Conference on Wednesday, June 10, 2015 in New York, NY.

The replay from the conference will be posted within 24 hours of the presentation and will be archived through this link for 90 days. Slides from the O-I presentation will be available on the company`s website, www.o-i.com/investors before market opens on June 10.

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals.

At the end of Friday’s trade, Blackstone Mortgage Trust Inc (NYSE:BXMT)‘s shares dipped -1.08% to $29.25.

Blackstone Mortgage Trust, Inc. (BXMT) declared the closing of its formerly declared underwritten public offering of its class A common stock. A total of 11,500,000 shares of class A common stock was sold, comprised of 10,000,000 shares initially offered and an additional 1,500,000 shares sold following the underwriters’ full exercise of their option to purchase additional shares. Aggregate net proceeds to the Company, after deducting estimated offering expenses, were about $338.0 million.

The Company intends to use the net proceeds from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments compriseent with its investment strategies and investment guidelines, and for working capital and other general corporate purposes.

Citigroup, BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and Morgan Stanley acted as joint book-running managers for the offering.

The offering was made following the Company’s presently effective shelf registration statement filed with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction

Blackstone Mortgage Trust, Inc., a real estate finance company, originates and purchases senior loans collateralized by properties in North America and Europe. It operates through two segments, Loan Origination and CT Legacy Portfolio. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

Air Lease Corp (NYSE:AL), ended its Friday’s trading session with -1.05% loss, and closed at $36.76.

Air Lease Corporation (AL) declared the delivery of one new Airbus A321-200 on long term lease to Sichuan Airlines (China), marking the operator’s 100th airplane in their current fleet. The aircraft, outfitted with Sharklets and powered by IAE V2533 engines, is from ALC’s order book with Airbus. The delivery supplements numerous Airbus A330, A321 and A319 aircraft already on lease to Sichuan by ALC.

Air Lease Corporation engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. In addition, it provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2014, the company owned a fleet of 213 aircraft, including 163 single-aisle narrowbody jet aircraft, 32 twin-aisle widebody jet aircraft, and 18 turboprop aircraft. DISCLAIMER:

This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.




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