On Tuesday, Shares of JPMorgan Chase & Co. (NYSE:JPM), lost -0.25% to $59.83.
Chase Card Services - Chase declared that the Chase Lounge at the Epcot International Food & Wine Festival will return for the fourth year with exciting new features. The festival, running from September 25 through November 16, 2015, will welcome celebrity chefs, debut new marketplaces and tastes from around the world and celebrate guests’ favorite dining traditions. As the sponsor of the festival, Chase aims to create a unique experience for all its credit and debit cardmembers to enjoy.
The Chase Lounge, which is open exclusively to Chase debit and credit cardmembers, is an inviting place to relax, refresh, and be entertained. It is located on the third floor of the American Adventure Pavilion within World Showcase at Epcot and is open daily during the Festival from 11 a.m. to park close. The Lounge features complimentary amenities, counting non-alcoholic refreshments and a charging station. Enhancements to the Lounge this year comprise a dedicated Festival Information desk, social media photo booth, and a station where guests can email recipes from the festival. In addition, periodically throughout the festival, the lounge will host animation sketch classes and caricature artists.
The Chase Lounge and sponsorship of the Epcot International Food & Wine Festival extends Chase’s relationship with Disney as the issuer of the Disney Premier Visa Credit Card, Disney Rewards Visa Credit Card and Disney Visa Debit Card. In addition to lounge access, Disney Visa Cardmembers can purchase tickets to three exclusive dining events2: Brews, Breakfast and More, September 28, 2015; The Making of the Party for the Senses, October 27, 2015; and The Creation of the Food & Wine Festival Marketplaces, November 9, 2015.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (JPM), a leading global financial services firm with assets of $2.4 trillion and operations worldwide.
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments.
Shares of Reynolds American, Inc. (NYSE:RAI), inclined 0.12% to $43.47, during its last trading session.
Japan Tobacco Inc (2914.T) has agreed to pay $5 billion for Reynolds American Inc’s (RAI.N) premium Natural American Spirit tobacco brand outside the United States - a deal that sent its shares plunging on concerns it was too expensive, according to Reuters.
Japan already accounts for around half of Natural American Spirit’s sales outside the U.S. market and analysts were upbeat about prospects for Japan Tobacco to use its wide distribution channels to boost sales of the no-additive high quality leaf brand.
The brand, which has seen rapid growth, also counts Germany, Switzerland and Italy as key markets. But the price tag, cited at 250 times the brand’s earnings before interest and tax by analysts, has raised eyebrows.
“Reynolds’ brands are popular among people in their 20s and 30s and that’s the segment Japan Tobacco does not have much of a customer base in, so in that sense there will be synergy. But I don’t think it justifies the price,” said Masashi Mori, analyst at Credit Suisse Securities in Tokyo. Reuters Reports
Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company.
Shares of Noble Corp plc (NYSE:NE), inclined 4.83% to $10.97, during its last trading session.
Noble Corp declared that its report of drilling rig status and contract information has been updated as of September 17, 2015.
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It owns and operates a fleet of mobile offshore drilling units. As of December 31, 2014, the company operated a fleet of 15 jackups, 9 drillships, and 8 semisubmersibles, including 1 high-specification, harsh environment jackup under construction.
Finally, Energy Transfer Partners LP (NYSE:ETP), ended its last trade with -6.06% loss, and closed at $37.20.
Energy Transfer Equity, and The Williams Companies, Inc. (WMB) (“Williams” or “WMB”) recently declared a business combination transaction valued at about $37.7 billion, counting the assumption of debt and other liabilities. This declaration follows the termination of the formerly agreed merger agreement between WMB and Williams Partners L.P. (“WPZ”). The business combination between ETE and WMB was approved by the Boards of Directors of both entities. The combination will create the third largest energy franchise in North America and one of the five largest global energy companies. The combination will also benefit customers by enabling further investments in capital projects and efficiencies that would not be achievable absent the transaction.
Under the terms of the transaction, Energy Transfer Corp LP (“ETC”), an associate of ETE, will acquire Williams at an implied current price of $43.50 per Williams share. Williams’ stockholders will have the right to elect to receive as merger consideration either ETC common shares, which would be publicly traded on the NYSE under the symbol “ETC”, and / or cash. Elections to receive ETC common shares and cash will be subject to proration. Cash elections will be prorated to the extent they exceed $6.05 billion in the aggregate and stock elections will be prorated to the extent the full $6.05 billion cash pool is not utilized. Williams stockholders electing to receive stock consideration will receive a fixed exchange ratio of 1.8716 ETC common shares for each share of WMB common stock, before giving effect to proration. If all Williams’ stockholders elect to receive all cash or all stock, then each share of Williams common stock would receive $8.00 in cash and 1.5274 ETC common shares. In addition, WMB stockholders will be entitled to a special one-time dividend of $0.10 per WMB share to be paid right away before the closing of the transaction. The special one-time dividend is in addition to the regularly planned WMB dividends to be paid before closing.
Energy Transfer Partners, L.P. is a master limited partnership. The Company’s operating segments include Intrastate Transportation and Storage segment; Interstate Transportation and Storage segment; Midstream segment; Liquids Transportation and Services segment; Investment in Sunoco Logistics segment; Retail Marketing segment and All Other segment.
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