On Wednesday, in Europe, equities were mixed, following shareholders awaited feedback from the European Central Bank’s policy meeting on Thursday. The central bank could declare at its regular press conference following the meeting exactly when it will start its forthcoming bond-buying program, and give more details about what assets it will buy.
Insights about U.S. Stocks that are active during the current trade, are depicted underneath:
Voya Financial Inc (NYSE:VOYA)’s shares picked up 0.57%, and is now trading at $44.32. The Stock is active as 6.13M shares changed hands versus its average volume of 1.62M.
Today, Voya Financial Inc., declared that ING Group has agreed to sell about 32.0 million shares of Voya Financial ordinary stock at a price of $44.20 per share to the underwriters in its formerly declared underwritten public offering. Voya Financial will not be issuing or selling ordinary stock, and will not receive any proceeds from the offering.
In connection with the public offering, Voya Financial has also agreed to repurchase from ING Group an additional about 13.6 million shares of its ordinary stock for an aggregate purchase price of $600 million (the “direct share repurchase”). The per-share price to be paid by Voya Financial is $44.12.
In total, ING Group is selling 45.6 million shares of Voya Financial ordinary stock, and will thereby fully exit its about 19% stake in Voya Financial ordinary stock right away following the closing of the transactions. ING Group will continue to hold warrants that are exercisable for 26,050,846 shares of Voya Financial ordinary stock at an exercise price of $48.75, in each case subject to adjustments.
Following the completion of the direct share repurchase, Voya Financial will have about $161 million remaining under its current share repurchase authorization.
Citigroup and BofA Merrill Lynch are acting as joint book-running managers and underwriters for the offering. Closing of the public offering and of the direct share repurchase are predictable to occur on March 9, 2015, subject to a number of closing conditions.
Voya Financial, Inc. (VOYA), is composed of premier retirement, investment and insurance companies serving the financial needs of about 13 million individual and institutional customers in the United States. The corporation’s vision is to be America’s Retirement Corporation™ and its guiding principle is centered on solving the most daunting financial challenge facing Americans recently — retirement readiness.
Veeva Systems Inc (NYSE:VEEV), declined -23.16%, and is now trading at $25.16. The Stock is active as 10.50M shares changed hands versus its average volume of 842,668.00 shares.
Veeva Systems Inc., a leading provider of industry cloud solutions for life sciences, declared its intent to attain the key opinion leader (KOL) business and products known as Qforma CrowdLink, a leading global solution for KOL data and services for life sciences’ brand, medical, and market access teams.
As part of the all-cash transaction, Veeva Systems will attain the outstanding equity interests of Mederi AG, a BelHealth Investment Partners portfolio corporation, in addition to selected other KOL-related business assets of Qforma, Inc. and other associated entities.
Financial terms of the transaction are unrevealed, though Veeva Systems does not anticipate the attainment will have a material influence on the financial results for its current fiscal year ending January 31, 2016. The attainment is subject to various customary closing conditions and is predictable to be complete in early 2015. Upon close, Veeva Systems plans to retain the employees presently supporting the Mederi and Qforma KOL business.
Veeva Systems Inc. is a leader in cloud-based software for the global life sciences industry. Committed to innovation, product excellence, and customer success, Veeva has more than 275 customers, ranging from the world’s largest pharmaceutical companies to emerging biotechs. Veeva is headquartered in the San Francisco Bay Area, with offices in Europe, Asia, and Latin America.
Sirius XM Holdings Inc (NASDAQ:SIRI), dropped - 2.00%, and is now trading at $3.92. The Stock is active as 7.38M shares changed hands versus its average volume of 32.93M.
Sirius XM Holdings Inc., declared recently that its partner Sirius XM Radio Inc. priced an offering of $1.0 billion of Senior Notes due 2025.
The notes are to be sold to qualified institutional buyers following Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S of the Securities Act. The notes will bear interest at an annual rate of 5.375%. The price to investors will be 100% of the principal amount of the notes. The corporation will receive gross proceeds of $1.0 billion from the sale of the notes before deducting the initial purchasers’ commissions and estimated offering fees and expenses.
The corporation intends to use the net proceeds from the offering for general corporate purposes, which may comprise, from time to time and as market conditions warrant, the repayment, repurchase, redemption, defeasance or tender of its outstanding indebtedness, counting any borrowings outstanding under its revolving credit facility, and dividends or loans to SiriusXM, its parent corporation, to fund share repurchases of SiriusXM ordinary stock. Pending application of these amounts, the corporation presently anticipates to maintain any excess amount as cash on hand.
Sirius XM Holdings Inc. (SIRI) is the world’s largest radio broadcaster measured by proceed and has 27.3 million subscribers. SiriusXM creates and broadcasts commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment; and the most comprehensive Latin music, sports and talk programming in radio.
Abercrombie & Fitch Co (NYSE:ANF), dipped -14.42 %, and is now trading at $20.55, hitting new 52-week low of $20.41. The Stock is active as 8.85M shares changed hands versus its average volume of 2.23M.
Abercrombie & Fitch Co. formerly on February 19, stated that on February 18, 2015, the Board of Directors declared a quarterly cash dividend of $0.20 per share on the Class A Ordinary Stock of Abercrombie & Fitch Co., payable on March 11, 2015 to shareholders of record at the close of business on March 3, 2015.
Abercrombie & Fitch Co. is a leading global specialty retailer of high-quality, casual apparel for men, women and kids with an active, youthful lifestyle under its Abercrombie & Fitch, abercrombie kids, Hollister Co. and Gilly Hicks brands.
