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Monday 7 September 2015
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News Analysis on: MRC Global Inc (NYSE:MRC), Cliffs Natural Resources Inc (NYSE:CLF), Prologis Inc (NYSE:PLD), Hain Celestial Group Inc (NASDAQ:HAIN)

On Wednesday, MRC Global Inc (NYSE:MRC)’s shares inclined 1.19% to $12.74.

MRC Global Inc. (MRC) declared that Andrew R. Lane, MRC Global Chairman, President and Chief Executive Officer, is planned to present at the 2015 Barclays CEO Energy-Power Conference on Wednesday, September 9 at 3:05 p.m. Eastern Time.

MRC Global Inc., through its auxiliaries, distributes pipes, valves, fittings, and related products and services to the energy and industrial sectors in the Unites States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, in addition to steam and instrumentation products.

Cliffs Natural Resources Inc (NYSE:CLF)’s shares gained 1.06% to $3.80.

Cliffs Natural Resources Inc. (CLF) declared the expiration of and final results for its offer to purchase for cash (the “Tender Offer”) up to $123,694,000 (as formerly raised, the “Maximum Amount”) of its outstanding 3.95% Senior Notes due 2018 (the “Notes”). The Tender Offer expired at midnight, New York City time, on August 27, 2015 (the “Expiration Date”).

According to information received from Global Bondholder Services Corporation, the Information Agent and Depositary for the Tender Offer, as of the Expiration Date, the total aggregate principal amount of the Notes validly tendered and not validly withdrawn was $124,839,000 (the “Tendered Amount”), which exceeded the Maximum Amount. The Tendered Amount comprises $123,694,000 aggregate principal amount of the Notes validly tendered as of 5:00 p.m., New York City time, on August 13, 2015 (the “Early Tender Date”) and $1,145,000 aggregate principal amount of the Notes validly tendered after the Early Tender Date but preceding to the Expiration Date. Because the Maximum Amount was exceeded by no more than two percent of such amount, all Notes tendered in the Tender Offer will be accepted for purchase. In addition to the Total Consideration or Tender Offer Consideration (each as defined in the Offer to Purchase), holders of Notes accepted for purchase will also receive accrued and unpaid interest up to, but not counting, the payment date for the Notes. The conditions to the Tender Offer have been satisfied; therefore, payment for the purchased Notes will be made recently.

Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.

At the end of Wednesday’s trade, Prologis Inc (NYSE:PLD)‘s shares surged 1.35% to $37.44.

Menlo Logistics (Menlo), the US$1.7 billion global logistics and supply chain administration partner of Con-way Inc. (CNW), declared a build-to-suit agreement with global industrial real estate developer Prologis, Inc. (PLD) for a new 70,000-square-meter regional logistics facility in Eindhoven, the Netherlands.

The facility will be located at the Acht industrial park in Eindhoven, adjacent to the A2/N2 Eindhoven ring road, which offers direct access to Belgium and Germany, in addition to Amsterdam to the north. It will be one of the largest build-to-suit projects in the region. The expansion spotlights Menlo’s commitment to investing in the expanding market for high-value warehousing, distribution and fulfillment services in the Benelux region, and its growing prominence as a planned logistics hub for central Europe.

Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.

Hain Celestial Group Inc (NASDAQ:HAIN), ended its Wednesday’s trading session with 1.49% gain, and closed at $59.24.

The Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading organic and natural products company with operations in North America, Europe and India providing consumers with A Healthier Way of Life™, declared that the Company is planned to present at Barclays Global Consumer Staples Conference on Wednesday, September 9, 2015 at 3:00 PM Eastern Daylight Time. A live audio webcast and a replay of the event will be accessible under the Investor Relations section of the Company’s website at www.hain.com.

The Hain Celestial Group, Inc. manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Its grocery products comprise infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola bars, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurt; chilies and packaged grains; and chocolates and nut butters, in addition to plant-based beverages and frozen desserts, such as soy, rice, almond, and coconut.

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