On Wednesday, Shares of Citigroup Inc. (NYSE:C), gained 1.59% to $51.75.
Citigroup declares that it is inviting eligible holders of its £500,000,000 4.5% Fixed Rate Subordinated Notes due 2031 (ISIN:XS0245936496), €1,250,000,000 4.25% Fixed Rate / Floating Rate Callable Subordinated Notes due 2030 (ISIN:XS0213026197) or €1,500,000,000 4.375% Fixed Rate Notes due 2017 to tender their Notes for purchase by the Company for cash.
The Offers are made on the terms and subject to the conditions contained in the tender offer memorandum dated 2 September 2015 prepared by the Company in connection with the Offers, and are subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum. Capitalised terms used but not otherwise defined in this declaration shall have the meanings given to them in the Tender Offer Memorandum.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of PayPal Holdings, Inc. (NASDAQ:PYPL), inclined 3.85% to $35.07, during its last trading session.
PayPal Holdings introduced PayPal.Me, a free, simple, and personal way to request money from people. Canadians can now grab their personalized link to send to friends, family and coworkers for a hassle-free way to collect on IOUs and avoid awkward money conversations. This safe link works on any device across text messages, email, instant messenger and social media platforms. Recipients click the link on any Internet-enabled device they are on, enter the amount owed, and the money is instantly transferred to the PayPal account of the person they owe money to.
A recent PayPal Money Habits Study sheds new light on people’s attitudes and behaviours towards money. In a survey of 4,000 people across Canada, Germany , Australia and the U.S., the study found that Canadians are owed $462 (CAD) on average and 30 per cent have lost a friend over IOUs. A driving reason is discomfort around financial conversations; more than 53 per cent of Canadians find it awkward to ask their friends or family to pay them back.
The study also found that digital wallets continue to gain popularity with one third of respondents preferring a digital wallet to a real one. Most Canadians hate carrying a cheque book (86%). While cash still rules, mobile payments are on the rise with peer-to-peer (P2P) payments increasingly popular for IOUs.
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, in addition to at offline retail locations through a range of payment solutions across company’s payments platform, counting PayPal, PayPal Credit, Venmo, and Braintree products.
Finally, Penn National Gaming Inc. (NASDAQ:PENN), ended its last trade with 2.09% gain, and closed at $18.06.
Penn National Gaming declared that it received approval recently from the Nevada Gaming Commission (“NGC”) to complete the Company’s planned $360 million acquisition of Tropicana Las Vegas. The NGC’s approval represents the final step in the regulatory process to finance and acquire the property following earlier approvals in several other jurisdictions where the Company operates. Penn National plans to complete the purchase of Tropicana Las Vegas on August 25, 2015.
“The addition of Tropicana Las Vegas to our national portfolio of gaming assets is an exciting and important milestone for Penn National as it fulfills our longstanding planned objective to acquire the right resort at the right price on the Las Vegas Strip. Tropicana Las Vegas will allow us to leverage our database of nearly 3 million active regional gaming customers while further diversifying our operations with another wholly-owned asset,” said Timothy Wilmott, Chief Executive Officer of Penn National Gaming. “Our regional gaming customers have long asked us to offer them an attractive destination on the Las Vegas Strip. After our disciplined search, we believe the iconic Tropicana Las Vegas will successfully address customer demand for a Strip property while enhancing our already strong competitive position in the local markets where we operate. Furthermore, the Tropicana Las Vegas is ideally suited to benefit from noteworthy investment at adjacent gaming properties which is predictable to generate additional traffic in the area.”
Penn National Gaming, Inc. owns and operates gaming and pari-mutuel properties. It operates through East/Midwest, West, and Southern Plains segments. The company is involved in gaming and racing operations.
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