On Tuesday, Shares of PBF Energy Inc (NYSE:PBF), lost -3.36% to $32.19.
PBF Energy, declared that it has closed its formerly declared underwritten public offering (the “Offering”) of 11,500,000 shares of its Class A common stock, counting the exercise in full by the underwriters of their option to purchase up to 1,500,000 additional shares, at $31.00 per share. Net proceeds to PBF Energy, after deducting underwriting discounts and estimated expenses, are predictable to be about $344.0 million.
PBF Energy anticipates to use the net proceeds from the Offering to fund a portion of the purchase price for its recently declared pending acquisition of the Torrance refinery and related logistics assets. However, subject to the timing of the closing of this acquisition, PBF Energy may use the net proceeds of the Offering to pay down indebtedness incurred to fund its pending acquisition of the Chalmette refinery and related logistics assets (or for capital in lieu of indebtedness PBF Energy might otherwise borrow). In the event the Torrance acquisition does not close and it has not formerly utilized the net proceeds from the Offering, PBF Energy may use them for repayment of indebtedness, working capital, capital expenditures and other general corporate purposes, counting potential acquisitions. The closing of the acquisitions is not conditioned on the closing of the Offering, and the Offering is not conditioned on the closing of the acquisitions.
PBF Energy Inc., together with its auxiliaries, engages in the refining and supply of petroleum products. It produces gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals, and asphalt, in addition to unbranded transportation fuels, heating oil, petrochemical feedstocks, and other petroleum products.
Shares of Johnson Controls Inc (NYSE:JCI), declined -1.66% to $43.34, during its last trading session.
Johnson Controls, a global multi-industrial company declares Johnson Controls Fourth Quarter Fiscal 2015 Earnings Conference Call on Thursday, October 29, 2015, at 11 a.m. EDT.
Johnson Controls, Inc. operates as a diversified technology and industrial company worldwide. Its Building Efficiency segment designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, in addition to building administration systems, controls, and security and mechanical equipment.
Finally, Liberty Global plc (NASDAQ:LBTYA), ended its last trade with 0.74% gain, and closed at $44.66.
Liberty Global plc, is supporting Europe Code Week by strengthening its partnership with CoderDojo, the global community of free coding clubs for young people. The improved partnership will enable CoderDojo to improvement its presence in Europe and leverage the expertise of Liberty Global employees to assist more young people develop computer programming and coding skills.
Since the launch of the partnership in 2014, Liberty Global has assisted CoderDojo improvement its presence in Ireland and launch new coding clubs in Belgium, the Netherlands and Austria. Alongside assisting CoderDojo scale its presence in Europe, Liberty Global is launching a ‘train the trainer’ program for employees, equipping them with the skills to lead coding sessions.
Additionally, Liberty Global has worked with the CoderDojo Foundation to expand the range of ‘Dojo Sushi’ cards, a learning resource specially designed to introduce young people to new computer programming skills. The easy-to-use cards provide a step-by-step guide to assist young pe
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
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