On Monday, Following Stocks were among the “Top 100 Gainers” of U.S. Stock Market: Ruckus Wireless, Inc. (NYSE:RKUS), Resolute Energy Corporation (NYSE:REN), Fortune Brands Home & Security, Inc. (NYSE:FBHS), Frank’s International N.V. (NYSE:FI)
Ruckus Wireless, Inc. (NYSE:RKUS), with shares gained 5.29%, closed at $12.94.
Resolute Energy Corporation (NYSE:REN), with shares jumped 6.23%, settled at $0.595.
Fortune Brands Home & Security, Inc. (NYSE:FBHS), with shares climbed 6.14%, and closed at $47.01.
Frank’s International N.V. (NYSE:FI), surged 6.09%, and closed at $18.80.
Latest NEWS regarding these Stocks are depicted underneath:
Ruckus Wireless, Inc. (NYSE:RKUS)
Ruckus Wireless, Inc. (RKUS), declared recently that FASTWEB, one of Italy’s premiere telecommunications providers, has selected and deployed one of the most advanced indoor/outdoor Ruckus Smart Wi-Fi networks in the world, providing high-capacity, high-speed public access and innovative Wi-Fi location services throughout the Fiera Milano, the third largest exhibition center in the world, located in Milan, Italy.
The Fiera Milano hosts more than 50 professional exhibitions each year, serving about 23,000 exhibitors and five million visitors annually. The massive Ruckus Smart Wi-Fi network, owned and operated by FASTWEB, is comprised of 500 Ruckus ZoneFlex™ indoor and outdoor access points (APs), covering more than 400,000 square meters of space and counting 20 pavilions. FASTWEB centrally manages the Fiera Milano Ruckus Smart Wi-Fi infrastructure through Ruckus ZoneDirector™ 5000 controllers within its data center.
Beyond providing free public Wi-Fi access and paid Internet connectivity to exhibitors, FASTWEB has also deployed the award-winning Ruckus SPoT™ location-based service (LBS) as a means to monetize their infrastructure, allowing exhibitors and organizers to gather more business intelligence about user behavior in order to assist optimize them obtaining additional potential proceed.
“We believe this is one of the most sophisticated deployments of Wi-Fi within any large-scale public exhibition center in the world, and one that will become the standard for many others, allowing Wi-Fi to deliver new levels of business value,” said Onofrio Pecorella, director of Public Sector Sales for FASTWEB’s Enterprise Business Unit.
“Not only did FASTWEB deploy this infrastructure in record time, but we layered value-added Wi-Fi location services over the network to enable a new class of proximity marketing that allows the network to generate real proceed for the Fiera Milano and its customers.”
Ruckus Wireless, Inc. provides carrier-class Wi-Fi solutions to service providers and enterprises worldwide. It provides gateways, controllers, and access points with related software and services.
Resolute Energy Corporation (NYSE:REN)
Resolute Energy Corporation (REN), declared that it has reached a definitive contract to sell certain non-core assets in the Midland Basin portion of the Permian Basin in west Texas. The properties will be sold to a private party for a purchase price of about $42 million. The proceeds of the sale will be used to reduce debt, initially by reducing amounts outstanding under the Corporation’s revolving credit facility.
The transaction, which is predictable to close on or about May 1, 2015, has an effective date of March 1, 2015, and is subject to customary conditions and purchase price adjustments, counting for title and environmental defects. The assets comprise of operated and non-operated properties primarily located in Howard County, Texas.
Resolute Energy Corporation, an independent oil and gas corporation, attains, explores for, develops, and produces oil, gas, and hydrocarbon liquids. It holds interest in the Aneth Field covering about 43,000 gross acres located in the Paradox Basin in southeast Utah; and 36,500 gross acres in the Permian Basin of Texas and southeast New Mexico.
Fortune Brands Home & Security, Inc. (NYSE:FBHS)
Fortune Brands Home & Security, Inc. (FBHS), has signed a contract to attain Norcraft Companies, Inc., a leading, publicly-owned manufacturer of kitchen and bathroom cabinetry.
The purchase price is $25.50 per share, resulting in an enterprise value of about $600 million. The transaction will be financed under Fortune Brands’ existing credit facility. Norcraft’s 2014 sales were $376 million. Additional details will be offered on the Fortune Brands first quarter earnings call.
Fortune Brands anticipates to launch a tender offer for all outstanding Norcraft shares in about 15 days. Upon completion of the tender offer, Norcraft will be merged into Fortune Brands’ cabinets business. The transaction is subject to the tender of a majority of Norcraft’s shares and certain other customary closing conditions, and is predictable to close in the second quarter.
Planned attainments are one component of Fortune Brands’ overall strategy to both grow the business and create incremental value for shareholders through use of its strong balance sheet and cash flow.
Fortune Brands Home & Security, Inc. (FBHS), headquartered in Deerfield, Ill., creates products and services that assist fulfill the dreams of homeowners and assist people feel more secure.
Frank’s International N.V. (NYSE:FI)
Formerly on March 12, Frank’s International N.V. (FI), declared that it has reached a definitive purchase contract for the purchase of Timco Services, Inc., a privately-held corporation that provides tubular running services and rental equipment onshore in the southern U.S. and offshore in the Gulf of Mexico. The Corporation intends to finance the attainment using cash on hand. The attainment is planned to close in the second quarter of 2015, subject to regulatory approval and other customary closing conditions.
Frank’s International N.V. provides various engineered tubular services for the oil and gas exploration and production companies in the United States and internationally. The corporation’s tubular services comprise the handling and installation of multiple joints of pipe to establish a cased wellbore; and the installation of smaller diameter pipe inside a cased wellbore to provide a conduit for produced oil and gas to reach the surface.
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