On Tuesday, Energy Transfer Partners LP (NYSE:ETP)’s shares declined -0.83% to $45.34.
Energy Transfer Equity, L.P. (ETE) and Energy Transfer Partners, L.P. (ETP) (collectively, “Energy Transfer”) declared that they have received FERC’s Final Environmental Impact Statement (“FEIS”) for the Lake Charles LNG Export Company, LLC (“Lake Charles Export”) liquefaction project (“Project”). This issuance starts the 90-day period in which other federal agencies are to complete their review of the Project and issue any required agency authorizations. That decision deadline is November 12, 2015. The FERC authorization for the Project is predictable to be issued during this 90-day period.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system.
Hologic, Inc. (NASDAQ:HOLX)’s shares gained 1.68% to $41.14.
Repligen Corporation (RGEN) declared that life sciences industry veteran Glenn P. Muir has been elected to its Board of Directors and designated as a member of its Audit Committee. Mr. Muir brings over 30 years of experience to the director role, most recently as Chief Financial Officer and Executive Vice President, Finance and Administration for Hologic, Inc. (HOLX), a large multi-national medical device and diagnostics company where he was instrumental to the company’s noteworthy expansion.
Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women in the United States and internationally. The company operates in four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health.
At the end of Tuesday’s trade, DDR Corp (NYSE:DDR)‘s shares surged 0.73% to $15.26.
DDR Corp. (DDR) declared operating results for the second quarter ended June 30, 2015.
Financial Highlights
- Second quarter operating funds from operations attributable to common shareholders raised $10.1 million to $111.4 million, or $0.31 per diluted share, contrast to $101.3 million, or $0.28 per diluted share, for the preceding-year comparable period.
- Second quarter net income attributable to common shareholders was $13.0 million, or $0.03 per diluted share, which compares to net income of $67.8 million, or $0.19 per diluted share, for the preceding-year comparable period.
Noteworthy Quarterly Activity
- Generated same store net operating income growth of 3.0% on a pro rata basis.
- Executed 369 new leases and renewals for 2.9 million square feet.
- The annualized base rent per occupied square foot was $14.37 at June 30, 2015 as contrast to $13.72 at June 30, 2014, an enhance of 4.7% on a pro rata basis.
- Generated new leasing spreads of 25.4% on a pro rata basis, and renewal leasing spreads of 7.2% on a pro rata basis.
- The portfolio leased rate was 95.8% at June 30, 2015 and 2014 on a pro rata basis.
- Attained $111 million of wholly-owned prime power centers.
- Sold ten assets totaling $60 million at DDR’s share.
DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio.
Sunoco Logistics Partners L.P. (NYSE:SXL), ended its Tuesday’s trading session with 0.10% gain, and closed at $30.03.
ETP also owns the general partner, 100% of the incentive distribution rights, and about 67.1 million common units in Sunoco Logistics Partners L.P. (SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. Energy Transfer Equity, L.P. stated that despite recent turmoil in the world energy and financial markets, it is confirming its merger proposal, under which ETE would acquire all of the outstanding common stock of The Williams Companies, Inc. (WMB) at a fixed exchange ratio of 0.9358 ETE Corp shares for each Williams share, representing a 32.4% premium to the Williams common share closing price as of June 19, 2015, based on ETE’s unit price on the same date.
Despite comments made by Williams administration to research analysts and WMB stockholders, ETE continues to be open to engaging in the planned alternatives process declared by Williams, but only if it is fair and evenhanded and is not designed to disadvantage ETE (and ultimately WMB shareholders) or unduly restrict ETE’s ability to pursue the projected transaction.
Regardless of whether ETE take parts in the Williams process, ETE is ready to provide confidential information to WMB without material restrictions so that WMB and its Board can understand what ETE believes to be the truly unique and compelling investment and return characteristics accessible to the Williams stockholder from this combination.
Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). It operates through four segments: Crude Oil Pipelines, Crude Oil Acquisition and Marketing, Terminal Facilities, and Products Pipelines. The Crude Oil Pipelines segment transports crude oil primarily in Oklahoma and Texas.
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