On Monday, Shares of eBay Inc (NASDAQ:EBAY), gained 0.80% to $25.74.
eBay, declared the appointment of Paul Pressler to its board of directors. As a director on eBay’s Board, Mr. Pressler will serve on the Audit Committee in addition to the Corporate Governance and Nominating Committee.
Mr. Pressler is a partner at the private equity firm Clayton, Dubilier & Rice, LLC. He presently serves as Chairman of David’s Bridal, Inc. and SiteOne Landscape Supply, Inc. and serves on the board of The DryBar, Inc. Formerly, Mr. Pressler served as the President and CEO of Gap Inc. He spent 15 years in senior leadership roles at The Walt Disney Company, counting Chairman of the global theme park and resorts division, President of Disneyland and President of The Disney Stores. Mr. Pressler served as Chairman of AssuraMed and is a former director of Avon Products Inc., Oveture Acquisition Corporate and OpenTable, Inc. He earned a B.S. in Business Economics from the State University of New York at Oneonta.
eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs), to develop software and solutions for commerce.
Shares of U.S. Bancorp (NYSE:USB), inclined 1.99% to $41.56, during its last trading session.
U.S. Bank has opened an account for donations to the Greater Douglas United Way in Roseburg, Ore., in support of victims of the recent tragedy at Umpqua Community College (UCC). In addition, U.S. Bank has made a $25,000 contribution to the Greater Douglas United Way.
U.S. Bank is the largest bank in Oregon, with three branches in Roseburg. Contributions can be made through any U.S. Bank branch nationwide, under the account name, “Greater Douglas United Way Roseburg UCC Relief Fund.”
U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking partner, U.S. Bank National Association, is engaged in the general banking business in domestic markets.
Shares of Southern Co (NYSE:SO), inclined 1.14% to $45.20, during its last trading session.
Georgia Power declared recently that the company will open 11 new electric vehicle (EV) charging islands to the public on October 1. The new charging islands, located at Georgia Power properties across the state, mark the completion of the first phase of planned charging infrastructure being developed by the company which will comprise about 61 community charging islands for public use statewide by the end of 2016.
The new Georgia Power EV charging islands are:
- (Atlanta) Georgia Power Headquarters – 241 Ralph McGill Blvd., NE
- (Dunwoody) Georgia Power Customer Resource Center – 4404 North Shallowford Rd.
- (Duluth) Duluth Operating Center – 3825 Rogers Bridge Rd.
- (Lilburn) Lilburn Business Office – 6434 Lawrenceville Highway
- (Lawrenceville) Lawrenceville Business Office – 1453 Highway 120
- (Athens) Northeast Region Office – 1001 Prince Ave.
- (Augusta) Augusta Customer Service Center – 1607 Walton Way
- (Savannah) South Abercorn Customer Resource Center – 12016 Abercorn St.
- (Alpharetta) North Fulton Business Office – 11675 Wills Rd.
- (Lithonia) Metro East Region Office – 5215 Minola Dr.
- (Smyrna) Smyrna Business Office – 1088 Concord Rd., SE
Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Company’s business segments are the sale of electricity by the four traditional operating companies and Southern Power.
Finally, Kraton Performance Polymers Inc (NYSE:KRA), ended its last trade with 3.04% gain, and closed at $18.62.
Kraton Performance Polymers, declared that it has reached a definitive agreement to acquire all of the capital stock of privately held Arizona Chemical Holdings Corporation for a cash purchase price of $1.37 billion. Arizona Chemical is a leading global producer of high-value performance products and specialty chemicals derived from non-hydrocarbon, renewable raw materials. Arizona Chemical’s end use market exposure is highly complementary with that of Kraton, particularly in markets such as adhesives, roads and construction, coatings and oilfield chemicals.
The $1.37 billion base purchase price is subject to adjustment for cash and indebtedness at closing, in addition to an adjustment for working capital and other items. Kraton will finance the purchase price through debt facilities that have been committed by Credit Suisse Securities (USA) LLC, Nomura Securities International, Inc., and Deutsche Bank Securities, Inc. The seller of Arizona Chemical is AZC Holding Company, LLC, which is principally owned by investment funds managed by American Securities LLC.
Kraton Performance Polymers, Inc. is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications, counting personal care products such as disposable diapers and the rubberized grips of toothbrushes, razor blades, and power tools.
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