On Thursday, Wisconsin Energy Corp (NYSE:WEC)’s shares declined -0.02% to $45.79.
In preparation for the potential closing of the merger of Integrys Energy Group (TEG) with Wisconsin Energy Corporation (WEC) prior to the next Integrys Energy Group common stock dividend record date, and in accordance with the merger agreement, the Board of Directors of Integrys Energy Group recently declared a special pro rata dividend to ensure that its shareholders continue to receive their dividend at the current rate until the closing of the merger.
The Board of Directors declared a pro rata dividend of $0.007234 per share per day that will accrue from May 30, 2015 (the date right away following the prior Integrys Energy Group record date), until and counting the day prior to the effective day of the merger. This pro rata dividend, which is the daily equivalent of the current quarterly dividend rate of $0.68 per share, will be paid to Integrys Energy Group shareholders of record at the close of business on the day right away prior to the effective date of the merger. The dividend will be paid as soon as practicable following the completion of the merger. The effective date of the merger is not presently known, but is predictable to occur by the end of this summer.
Wisconsin Energy Corporation, through its auxiliaries, generates and distributes electric energy. The company operates in two segments, Utility Energy and Non-Utility Energy. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass. The company provides electric utility services to customers in the paper, foundry, food products, and machinery production industries, in addition to the retail chains.
Archer Daniels Midland Company (NYSE:ADM)’s shares dropped -1.46% to $50.70.
Archer Daniels Midland Company (ADM) declared the following consideration to be paid in its formerly declared cash tender offers for up to $1,000,000,000 aggregate purchase price of its outstanding debentures (the “Debentures”).
The reference yield was determined by Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, the lead dealer managers for the tender offers, based on the bid-side price for the applicable U.S. Treasury security at 11:00 a.m., New York City time, recently, as described in the Offer to Purchase dated June 1, 2015.
Holders who tender Debentures by 5:00 p.m., New York City time, on June 30, 2015, will be eligible to receive the applicable total consideration (which comprises the applicable early tender payment set out above).
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The company’s Oilseeds Processing segment originates, merchandises, crushes, and processes soybeans and soft seeds into vegetable oils and protein meals. It offers ingredients for the food, feed, energy, and industrial products industries; crude vegetable and salad oils; refined oils; oilseed protein meals; natural health and nutrition products, and other specialty food and feed ingredients; and cottonseed flour and cotton cellulose pulp.
At the end of Thursday’s trade, 3M Co (NYSE:MMM)‘s shares dipped -0.99% to $155.98.
As hospitals and health systems navigate the journey from volume- to value-based health care, 3M Health Information Systems is applying the analytic power of its extensive clinical and claims database to assist providers assess the costs, outcomes and effectiveness of care delivery. The new 3M Health System Performance Suite offers advanced analytic tools to manage the health of populations, measure provider performance, determine total cost of care and succeed under value-based payment.
The latest addition to 3M’s population health administration toolkit, the 3M Health System Performance Suite provides the type of business intelligence that health care organizations need to take part in an Accountable Care Organization (ACO), state initiatives such as Delivery System Reform Incentive Payment (DSRIP) programs, or to understand market share dynamics and address issues such as patient outward migration or network “leakage.”
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
Barnes & Noble, Inc. (NYSE:BKS), ended its Thursday’s trading session with -1.48% loss, and closed at $25.94.
Barnes & Noble, Inc. (BKS) stated sales and earnings for its fiscal 2015 fourth quarter and full-year ended May 2, 2015.
The fourth quarter and full-year ended May 2, 2015, comprised of 13 weeks and 52 weeks, respectively, as contrast to 14 weeks and 53 weeks in the prior year. Comparable sales data in this release exclude the impact of the additional week in fiscal 2014 and are on a comparable week basis.
Fourth quarter merged revenues reduced 10.4% to $1.2 billion as compared to the prior year. Merged fourth quarter earnings before interest, taxes, depreciation and amortization (EBITDA) improved to $33 million, as contrast to $11 million in the prior year. For fiscal 2015, merged revenues reduced 4.9% to $6.1 billion as compared to the prior year. Fiscal 2015 merged EBITDA raised 30.4% to $327 million, as contrast to $251 million a year ago.
The merged fourth quarter net loss was $19.4 million, or $0.37 per share, as contrast to the prior year net loss of $36.7 million, or $0.72 per share. Fiscal 2015 merged net earnings were $36.6 million, or $0.21 per share, as contrast to a net loss of $47.3 million, or $1.12 per share, in the prior year.
Barnes & Noble, Inc. operates as a content, commerce, and technology company in the United States. The company operates in three segments: B&N Retail, B&N College, and NOOK. It provides access to books, magazines, newspapers, and other content through its multi-channel distribution platform. The company sells trade books, counting hardcover and paperback consumer titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; children’s books; eBooks and other digital content; NOOK products comprising NOOK 1st Edition, NOOK Wi-Fi 1st Edition, NOOK Color, NOOK Simple Touch, NOOK Tablet, NOOK Simple Touch with GlowLight, NOOK HD, NOOK HD+, NOOK GlowLight eReader devices, and related accessories; bargain books; magazines; gifts; cafe products and services; educational toys and games; music; and movies.
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