On Wednesday, Sabre Corp (NASDAQ:SABR)’s shares declined -0.10% to $28.73.
Sabre Corporation (SABR) declared the pricing of the formerly declared public offering of 19,000,000 shares of common stock by existing stockholders associated with TPG Global, LLC and Silver Lake Administration Company II, L.L.C. (the “Selling Stockholders”) at a price to the public of $26.85 per share. All of the shares are being sold on a pro rata basis by the Selling Stockholders in accordance with their current interests, and the Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.
Goldman, Sachs & Co. is acting as the sole underwriter for the offering.
Sabre Corporation provides technology solutions to the travel and tourism industry worldwide. It operates in two segments: Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, counting airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators, with a network of travel buyers comprising online and offline travel agencies, travel administration companies, and corporate travel departments.
Brinker International, Inc. (NYSE:EAT)’s shares dropped -0.59% to $55.57.
Brinker International, Inc. (EAT), declared results for the fiscal fourth quarter ended June 24, 2015.
Highlights comprise the following:
- Earnings per diluted share, not taking into account special items, raised 10.6 percent to $0.94 contrast to $0.85 for the fourth quarter of fiscal 2014. Earnings per diluted share, not taking into account special items, raised 14.0 percent to $3.09 contrast to $2.71 for the full year fiscal 2014.
- On a GAAP basis, earnings per diluted share raised 114.0 percent to $0.92 contrast to $0.43 for the fourth quarter of fiscal 2014 driven primarily by pre-tax charges of $39.5 million recorded in the preceding year related to litigation reserves. On a GAAP basis, earnings per diluted share raised to $3.05, contrast to $2.26 for the full year fiscal 2014.
- Brinker International company sales raised 0.5 percent to $738.4 million.
- Chili’s company-owned comparable restaurant sales reduced 0.8 percent.
Brinker International, Inc. owns, develops, operates, and franchises casual dining restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands worldwide. As of September 24, 2014, it owned, operated, or franchised 1,622 restaurants. The company was founded in 1975 and is based in Dallas, Texas.
At the end of Wednesday’s trade, Marsh & McLennan Companies, Inc. (NYSE:MMC)‘s shares dipped -1.06% to $57.67.
Marsh & McLennan Companies, Inc. (MMC) declared that it has signed a definitive agreement to acquire Dovetail Insurance, a leading provider of insurance technology services tailored to the US small commercial market. Terms of the transaction, which is predictable to close in the third quarter, were not revealed.
Based in Columbia, South Carolina, Dovetail has developed an advanced cloud-based technology platform that enables independent insurance agents, on behalf of their small business clients, to obtain online quotes from multiple insurance providers and bind insurance policies in real time. The process enables independent agents to deliver faster, better service and an expanded product selection, while giving insurance providers access to a state-of-the art platform for distributing their products.
Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services; and Consulting. The Risk and Insurance Services segment offers risk administration services, such as risk advice, risk transfer, risk control, and mitigation solutions, in addition to insurance, reinsurance broking, catastrophe and financial modeling services, and related advisory services.
Lockheed Martin Corporation (NYSE:LMT), ended its Wednesday’s trading session with -0.65% loss, and closed at $211.28.
The Lockheed Martin (LMT) Joint Light Tactical Vehicle (JLTV) Team continues to produce company-funded Production Representative Vehicles (PRVs) at its Camden, Arkansas, production facility.
The PRVs are being assembled to reduce technical risk, optimize the advanced production processes at the Camden assembly plant, and to exercise and prepare the supply chain.
The Lockheed Martin Team’s JLTV is a fully integrated combat tactical system that meets recently’s requirements and was designed with the future in mind. It offers MRAP levels of protection with unprecedented cross-country mobility, a substantial enhance in performance and payload, in addition to greater reliability, outstanding fuel efficiency, and lower operations and sustainment costs.
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides administration, engineering, technical, scientific, logistics, and information services. Its Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.
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