On Friday, Teck Resources Ltd (USA) (NYSE:TCK)’s shares declined -1.33% to $12.64.
Teck Resources Ltd (USA) (TCK) declared that it has attained 1,500,000 units of Artha Resources Corporation (“Artha”) at a deemed price of $0.12 per unit. Each unit comprises of one common share and one-half of one warrant, with each whole warrant entitling the holder to purchase for 24 months from the date of issuance a common share of Artha at an exercise price of $0.18 per share. The acquisition was made in connection with the termination of an option agreement between Teck and Artha on an exploration property.
Combined with previous holdings, Teck holds 1,750,000 Artha common shares and 750,000 warrants. If Teck were to exercise the warrants it would hold about 23.9% of Artha’s outstanding common shares, calculated on a partially diluted basis assuming the exercise of the Teck warrants only. Any exercise of warrants that would result in Teck owning more than 19.9% of Artha’s outstanding common shares would be subject to Artha shareholder approval.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
Pentair plc. Ordinary Share (NYSE:PNR)’s shares dropped -1.39% to $65.02.
Pentair plc. Ordinary Share (PNR) declared that it will pay a regular quarterly cash dividend of $0.32 per share on August 7, 2015 to shareholders of record at the close of business on July 24, 2015. Pentair had formerly declared on December 10, 2014 the approval by its Board of Directors of an annual cash dividend rate of $1.28 per share, payable in four equal quarterly installments in 2015.
Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through Valves & Controls, Technical Solutions, Flow & Filtration Solutions, and Water Quality Systems segments. It designs, manufactures, markets, and services valves, fittings, automation and controls, and actuators, in addition to provides engineering, design, inspection, maintenance, and repair services. T
At the end of Friday’s trade, Rex Energy Corporation (NASDAQ:REXX)‘s shares dipped -1.28% to $5.41.
Rex Energy Corporation (REXX) declared that Jack N. Aydin will join the company’s Board of Directors effective June 1, 2015.
Mr. Aydin has over 45 years of experience as a financial analyst covering the oil and gas industry. He was a senior analyst with KeyBanc Capital Markets for over 40 years, most recently serving as Senior Managing Director from 2000 until his retirement in 2014. While at KeyBanc, Mr. Aydin primarily focused his analyst coverage on the exploration and production sector, particularly on small and mid-cap E&P companies. In addition, he managed the KeyBanc Sales and Trading office for 10 years and served as interim Director of Research in 2003. Mr. Aydin began his career in 1968 with Filor, Bullard and Smythe, where he served as both an equity research analyst and Director of Research. Over the course of his career, Mr. Aydin has been recognized numerous times by leading financial publications for his excellence in stock selection and earnings estimations. He presently serves as a director of Synergy Resources Corporation, and is a member of the National Association of Petroleum Investment Analysts, the Oil Analysts Group of New York, and the New York Society of Security Analysts. He holds an MBA degree in finance and economics, in addition to a Bachelor of Science degree from Farleigh Dickinson University in New Jersey, and a Bachelor of Science degree in Philosophy from St. Ephraim Seminary in Mosul, Iraq.
Rex Energy Corporation operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the United States. The company focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities in the Appalachian Basin, in addition to on developmental oil drilling and the implementation of improved oil recovery on its properties in the Illinois Basins.
Tyson Foods, Inc. (NYSE:TSN), ended its Friday’s trading session with -1.2% loss, and closed at $42.95.
Executives from Tyson Foods, Inc. (TSN) told investors at the BMO Farm to Market conference that the company is planned ally diversified because it combines branded consumer products, commodity protein production and prepared foods and value-added chicken for the food service industry.
Tyson Foods, Inc., together with its auxiliaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. The company breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products. It also processes live fed cattle, and live market hogs and allied products; fabricates pork and dressed beef carcasses into primal and sub-primal cuts and case-ready products; and sells hides and meats. In addition, the company manufactures and markets frozen and refrigerated food products, such as pepperoni, bacon, beef and pork pizza toppings, pizza crusts, flour and corn tortilla products, appetizers, prepared meals, ethnic foods, soups, sauces, side dishes, meat dishes, and processed meats.
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