On Friday, Hologic, Inc. (NASDAQ:HOLX)’s shares inclined 1.00% to $39.42.
Hologic, Inc. (HOLX) declared that it has notified holders of the 2.00% Convertible Exchange Senior Notes due 2037 (CUSIP No. 436440 AB7) issued November 23, 2010, and Wilmington Trust Company, the trustee, paying agent and conversion agent for the notes, that holders are eligible to convert the notes. This conversion right is subject to the terms of the base indenture governing the notes dated as of December 10, 2007, as supplemented by the second supplemental indenture dated as of November 23, 2010 (collectively, the indenture).
The conversion right has been triggered because the closing price of the Company’s common stock exceeded about $29.94, which is 130% of the conversion price for the notes, for at least 20 of the 30 successive trading days ending on September 30, 2015. As a result, the notes are convertible until December 31, 2015 subject to the terms, conditions and adjustments in the indenture and the notes. The notes may continue to be convertible after December 31, 2015 if one or more conditions specified in the indenture are satisfied during future measurement periods.
The current conversion rate for the notes is 43.4216 shares of the Company’s common stock per $1,000 principal amount outstanding, which is equivalent to a conversion price, as defined in the indenture, of about $23.03 per share. The Company may elect to satisfy its conversion obligation in shares of common stock, cash, or a combination of cash and shares in accordance with the terms, procedures and conditions outlined in the indenture and the notes.
Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women in the United States and internationally. The company operates in four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health.
DISH Network Corp (NASDAQ:DISH)’s shares gained 0.27% to $58.96.
DISH Network Corp. (DISH) issued the following statement providing an update on AWS-3 Spectrum.
The following remarks can be attributed to R. Stanton Dodge, DISH executive vice president and general counsel:
“Recently, the two entities in which DISH invested with respect to the AWS-3 auction – Northstar Wireless and SNR Wireless – reached a series of arrangements in connection with which the FCC will retain certain licenses for which Northstar and SNR were the winning bidders, and the FCC will apply funds already on deposit and newly-loaned funds from a partner of DISH toward the payment of the gross winning bids for the remaining licenses, which cover about 6.6 billion MHz-POPs.
DISH Network Corporation, through its auxiliaries, provides pay TV services in the United States. The company operates through two segments, DISH and Wireless. The company provides video services under the DISH brand.
At the end of Friday’s trade, Tech Data Corp (NASDAQ:TECD)‘s shares surged 3.12% to $69.17.
Tech Data Corporation (TECD) announced the introduction of EmpowerMe, a new online learning management system (LMS) for HP authorized solution providers. EmpowerMe offers users exclusive incentives, industry news, information about products and services, and in-depth training to enhance solution providers’ businesses, growth, and profitability.
Tech Data developed the LMS to provide channel partners with the best training platform aimed to enhance partner growth. The infrastructure that makes up the platform assists solution providers identify new business opportunities, enhance business productivity, and streamline current processes.
EmpowerMe gives partners immediate access to HP experts, serves as a customized vehicle for communication, and provides a convenient, effective way to learn. It is tailored to enable solution providers in the following ways:
- Enhance solution selling
- Improve understanding of HP solutions and how to sell them effectively
- Better support and training for new product launches
- Roadmap and training for HP certifications
Tech Data Corporation engages in the wholesale distribution of technology products. It distributes and markets broadline products, such as notebooks, tablets, desktop systems, printers, supplies, and components; and data center products, counting servers, server accessories, networking products, storage hardware, and networking support services.
WGL Holdings Inc (NYSE:WGL), ended its Friday’s trading session with 2.87% gain, and closed at $59.53.
WGL Holdings, Inc. (WGL) declared a regular quarterly dividend of $0.4625 per share of common stock. The quarterly dividend is payable November 1, 2015, to shareholders of record as of October 10, 2015.
Dividends on the utility’s preferred stock also are payable November 1, 2015, to shareholders of record as of October 10, 2015.
WGL Holdings, Inc., through its auxiliaries, sells and delivers natural gas, and provides energy-related products and services. The company operates in four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services.
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