On Friday, Sun Life Financial (NYSE:SLF)’s shares declined -1.15% to $ 34.30.
Sun Life Financial Inc (SLF) declared the applicable dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the “Series 8R Shares”) and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR (the “Series 9QR Shares”).
With respect to any Series 8R Shares that remain outstanding after June 30, 2015, commencing as of such date, holders thereof will be entitled to receive non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Sun Life Financial and subject to the Insurance Companies Act (Canada). The dividend rate for the five-year period commencing on June 30, 2015 to but not taking into account June 30, 2020 will be 2.275 % per annum or $0.142188 per share per quarter, being equal to the sum of the Government of Canada Yield, as defined in the terms of the Series 8R Shares, on Monday, June 1, 2015 plus 1.41%, as determined in accordance with the terms of the Series 8R Shares.
With respect to any Series 9QR Shares that may be issued on June 30, 2015, holders thereof will be entitled to receive floating rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Sun Life Financial and subject to the Insurance Companies Act (Canada), based on a dividend rate equal to the sum of the T-Bill Rate, as defined in the terms of the Series 9QR Shares, plus 1.41% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365 days), subject to certain adjustments in accordance with the terms of the Series 9QR Shares. The dividend rate for the period commencing on June 30, 2015 to but not taking into account September 30, 2015 will be equal to 2.075 % per annum or $0.130753 per share, as determined in accordance with the terms of the Series 9QR Shares.
Sun Life Financial Inc., a financial services organization, provides protection and wealth products and services to individuals and corporate customers worldwide. It operates through Sun Life Financial Canada, Sun Life Financial United States, MFS Investment Administration, and Sun Life Financial Asia segments.
Perrigo Company plc Ordinary Shares (NYSE:PRGO)’s shares dropped -1.22% to $184.63.
Perrigo Company plc Ordinary Shares (PRGO) declared that it has reached a contract to acquire a portfolio of well-established over-the-counter (“OTC”) brands from GlaxoSmithKline Consumer Healthcare (“GSK”), in connection with GSK’s commitments to the European Commission and other regulators to divest these businesses in the context of the formation of a consumer health joint venture between GSK and Novartis International AG (“Novartis”). Perrigo will acquire the following assets in an all-cash transaction in which the purchase price was not revealed.
- GSK’s NiQuitin nicotine replacement therapy (“NRT”) business, primarily in the European Economic Area (“EEA”) and Brazil, and Novartis’s legacy Australian NRT business, counting the Nicotinell brand;
- Several assorted OTC brands counting Coldrex (cold and flu treatment) across the EEA, and Panodil (pain relief), Nezeril (nasal decongestant), and Nasin (nasal decongestant) in Sweden; and
- Novartis’s legacy cold sore administration products primarily in the EEA, marketed under the brand names Vectavir, Pencivir, Fenivir, Fenlips and Vectatone.
Perrigo Company plc, through its auxiliaries, develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, nutritional products, and active pharmaceutical ingredients (API).
At the end of Friday’s trade, Foresight Energy LP (NYSE:FELP)‘s shares surged 1.60% to $14.65.
Foresight Energy LP (FELP) declared the appointment of Bennett K. Hatfield as a new independent member of the Board of Directors of its general partner and as a member of the Board’s Audit Committee.
Mr. Hatfield has over 30 years of leadership experience in the coal industry most recently serving as the Chief Executive Officer of Patriot Coal. Prior to this, Mr. Hatfield held executive administration positions with International Coal Group, Inc., Arch Coal, Inc. and Massey Energy Company.
Foresight Energy LP engages in the development, mining, transportation, and sale of thermal coal primarily in the eastern United States and internationally. It operates four underground mining complexes, counting Williamson, Sugar Camp, Hillsboro, and Macoupin in the Illinois Basin. As of February 6, 2015, the company controlled about 3 billion tons of coal reserves in the Illinois Basin. Foresight Energy LP sells its coal to electric utility and industrial companies.
Analog Devices, Inc. (NASDAQ:ADI), ended its Friday’s trading session with -1.43% loss, and closed at $66.26.
Analog Devices, Inc. (ADI) declared that it will report its fiscal 2015 third quarter results after market on Monday, June 29, 2015. The Company will host a conference call to talk about its results in more detail at 2:00 p.m. AZ time (5:00 p.m. ET) the same day.
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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