On Friday, HollyFrontier Corp (NYSE:HFC)’s shares declined -1.17% to $46.42.
HollyFrontier Corporation (HFC) and Holly Energy Partners, L.P. (HEP) (“Holly Energy”) today announced an agreement in principle for the acquisition by Holly Energy of the newly constructed naphtha fractionation and hydrogen generation units at HollyFrontier’s El Dorado refinery. Holly Energy is expected to pay HollyFrontier cash consideration of approximately $62.0 million, subject to the execution of definitive agreements and other customary closing conditions. Both HollyFrontier and Holly Energy expect the proposed transaction will close during the fourth quarter of 2015.
In connection with the closing of the proposed transaction, HollyFrontier and Holly Energy expect to enter into 15-year tolling agreements containing minimum quarterly throughput commitments from HollyFrontier. Holly Energy expects that the transaction will be immediately accretive to unitholders.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates in two segments, Refining and HEP. It produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquid petroleum gas, fuel oil, and specialty and modified asphalt.
AmerisourceBergen Corp. (NYSE:ABC)’s shares dropped -1.01% to $98.99.
AmerisourceBergen Corporation (ABC) declared that its Board of Directors has elected D. Mark Durcan, 54, to its Board of Directors, effective right away. Mr. Durcan fills the vacancy created by Edward E. Hagenlocker’s retirement at the annual meeting of stockholders on March 5, 2015.
Mr. Durcan is presently the Chief Executive Officer and a director of Micron Technology, Inc., a global leader in advanced semiconductor systems. Mr. Durcan, a 30-year veteran of Micron, has served as Chief Executive Officer and a director since February 2012. He served as President from June 2007 until February 2012, during which time he continued in his role as Chief Operating Officer, a position he assumed in February 2006. He served as Chief Technology Officer from June 1997 to February 2006. Before his appointment as Chief Technology Officer, he held various other positions with Micron and its auxiliaries.
AmerisourceBergen Corporation sources and distributes pharmaceutical products to healthcare providers, pharmaceutical and biotech manufacturers, and specialty drug patients in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, counting acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.
At the end of Friday’s trade, Wi-LAN Inc. (TSE:WIN)‘s shares dipped -0.19% to $2.62.
Bob Gunderman, chief financial officer of Windstream (WIN), will speak at 2:00 p.m. CDT on Thursday, September 10, at the Bank of America Merrill Lynch 2015 Media, Communications & Entertainment Conference in Beverly Hills, California.
Windstream Holdings, Inc. provides communications and technology solutions in the United States. It offers managed services and cloud computing services to businesses, in addition to broadband, voice, and video services to consumers primarily in rural markets. The companys primary business service offerings comprise integrated voice and data services, multi-site networking, data center services, managed services, high-speed Internet, and voice services.
Analog Devices, Inc. v(NASDAQ:ADI), ended its Friday’s trading session with -2.19% loss, and closed at $53.96.
Analog Devices, Inc. recently introduced a medium-power, distributed driver amplifier which operates between 24 and 35 GHz. The HMC1131 amplifier provides 22-dB of gain, +35-dBm output IP3, and +24 dBm of output power at 1-dB gain compression. The new amplifier reduces the number of components required to achieve the desired output power and small signal gain, which lowers development costs and design time by enabling simpler transmit line-ups and higher integration. Based on a GaAs (gallium-arsenide) pHEMT (pseudomorphic high-electron mobility transistor) design, the HMC1131 is ideal for civil and defense communications systems, counting point-to-point and point-to-multi-point radios and VSAT and SATCOM applications. The HMC1131 is capable of supplying +25 dBm of saturated output power with 16 percent PAE and is housed in a compact, leadless 4×4 mm ceramic surface-mount package.
Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. It offers signal processing products that convert, condition, and process real-world phenomena, such as temperature, pressure, sound, light, speed, and motion into electrical signals.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
