On Friday, Bill Barrett Corporation (NYSE:BBG)’s shares declined -10.35% to $6.41.
Bill Barrett Corporation (BBG) declared that it has filed a prospectus supplement with the Securities and Exchange Commission (the “SEC”) under which it may offer and sell from time to time and at its discretion shares of its common stock having an aggregate gross sales price of up to $100 million following an “at-the-market” offering program (the “ATM Program”). The shares would be offered following an equity distribution agreement between the Company and Goldman, Sachs & Co. (the “manager”).
The Company intends to use the proceeds from any sales for general corporate purposes, counting additional capital spending associated with the accelerated development of the Company’s Denver-Julesburg Basin properties.
Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.
Kroger Co (NYSE:KR)’s shares dropped -0.80% to $38.36.
The Kroger Co. (KR) declared that its Board of Directors approved a 13.5 percent enhance to the company’s quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.
The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.
At the end of Friday’s trade, AEGON N.V. (ADR) (NYSE:AEG)‘s shares dipped -1.53% to $7.73.
AEGON N.V. (ADR) (AEG) has accomplished a planned asset administration partnership with La Banque Postale. Under the terms of the agreement, Aegon has attained a 25% stake in La Banque Postale Asset Administration (LBPAM) for a consideration of EUR 112.5 million. LBPAM is the fifth largest asset manager in France, with about EUR 150 billion assets under administration.
The opportunity to create a planned partnership with La Banque Postale supports Aegon’s ambition to grow and diversify its customer base and to provide fee-based, capital-light products. It also represents a noteworthy step in implementing Aegon Asset Administration’s strategy to expand its services and solutions for third-party customers internationally.
The two companies will work together to further strengthen the development of LBPAM, which will offer a comprehensive range of products - counting international equity and multi-asset investment products. These will be distributed through La Banque Postale’s network of about 17,000 points of sale, online and by its institutional sales team.
Aegon N.V. provides life insurance, pensions, and asset administration services. The company operates through the Americas, the Netherlands, the United Kingdom, and New Markets. The company offers life and protection products, such as traditional and universal life, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance.
SunTrust Banks, Inc. (NYSE:STI), ended its Friday’s trading session with -0.07% loss, and closed at $44.31.
GenSpring Family Offices, an associate of SunTrust Banks, Inc. (STI), GenSpring Family Offices, a leading wealth administration firm for ultra-high net worth families, has named Chris Walters managing director for the West Region. Walters brings more than 25 years of experience to GenSpring, counting a background of building and growing successful wealth administration teams designed to provide best-in-class service to clients.
In this role, Walters will be responsible for business growth throughout the western United States. He will be based in GenSpring’s Costa Mesa, Calif., family office and oversee GenSpring’s Los Angeles and San Francisco family offices.
Walters joins GenSpring from Rabobank, N.A. where he served as executive vice president. In this role, Walters led Rabobank’s private banking, personal trust, asset administration, institutional trust, brokerage, insurance, financial planning and wealth administration solutions. Formerly, Walters served as executive vice president at Citizens Business Bank where he created Citizens Trust. He also has held executive positions at national and international wealth administration firms, counting Atlantic Trust, Citi Bank and Mellon.
Walters is active in the Southern California community, having served on the Board of Directors for a variety of not-for-profit organizations, counting the Orange County Performing Arts Center, South Coast Repertory Theater, the Pacific Symphony and Little League.
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Administration, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Administration segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, in addition to various services. This segment also provides wealth administration products and professional services, counting brokerage, professional investment administration, and trust services; and family office solutions.
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