On Thursday, Aramark (NYSE:ARM)’s shares declined -0.41% to $31.50.
Aramark (ARM) advances its mission to enable SoC designers to configure, create and assemble IP-based systems over the course of days rather than months with recently’s declarement of a new suite of IP tools. The new IP tooling suite comprises Socrates DE, CoreSight Creator and CoreLink Creator. Additionally, CoreLink Creator will easily configure and assist implement the new CoreLink NIC-450 Network Interconnect, the follow-on to the widely-adopted CoreLink NIC-400.
The new suite addresses the most complex challenges associated with SoC configurability and assembly while reducing time to market. Examples of efficiency gains comprise:
- An 8x improvement in assembly plan – based on project metrics from an ARM project to build a 64-bit ARM big.LITTLE™reference platform
- Configuration of an ARM Cortex®-A72 processor in seconds
ARM Socrates DE: simplifying the SoC development process
Socrates DE delivers ARM’s most advanced IP design environment to date, offering configuration, creation and assembly of ARM and third-party IP. Socrates DE equips architects and designers with a wide range of capabilities:
- The same design environment used within ARM
- Built-in ARM design knowledge such as ARM AMBA®protocols
- A platform to standardize any IP into the industry-standard IP-XACT format
- A built-in IP catalog supporting ARM and third-party IP
- The ability to differentiate on top of ARM IP while maintaining design integrity.
ARM Holdings plc, together with its auxiliaries, designs microprocessors, physical intellectual property (IP), and related technology and software. The company also sells development tools that enhance the performance of embedded applications. Its products comprise microprocessor cores that comprise of specific functions, such as video, graphics, and display technology IP; and physical IP components for the design and manufacture of integrated circuits, which comprise embedded memory, standard cell, and input/output components.
Markit Ltd (NASDAQ:MRKT)’s shares dropped -2.05% to $26.25.
Markit Ltd (MRKT) declared the pricing of its secondary public offering of 25,746,604 common shares at $25.75 per share. This represents a 1,160,581 share enhance over the formerly declared offering size. In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to 1,754,667 additional common shares. The company itself is not selling any shares and will not receive any proceeds from the offering. The offering is predictable to close on or about June 10 2015, subject to customary closing conditions.
BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., HSBC, J.P. Morgan, Morgan Stanley, RBC Capital Markets, UBS Investment Bank, BNP PARIBAS, Jefferies, RBS and TD Securities are acting as joint book-running managers for the offering.
As part of the offering, Markit intends to purchase from the underwriters 14,048,820 common shares at the price to be paid to the selling shareholders by the underwriters, which is about $24.91 per common share. Markit intends to fund the repurchase through a combination of cash and a drawdown of its revolving credit facility.
The registration statement, counting a preliminary prospectus, relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
Markit Ltd. provides financial information services worldwide. It operates through three divisions: Information, Processing, and Solutions. The Information division provides pricing and reference data, indices, and valuation and trading services across multiple asset classes and geographies through direct and third-party distribution channels. Its products and services are used for independent valuations, research, trading, and liquidity and risk assessments.
At the end of Thursday’s trade, General Dynamics Corporation (NYSE:GD)‘s shares dipped -1.16% to $138.98.
The U.S. Navy has awarded General Dynamics Electric Boat a $6.5 million contract modification to support development of the Virginia Payload Module (VPM). Electric Boat is a wholly owned partner of General Dynamics (GD).
The VPM will comprise four large-diameter payload tubes in a new hull section to be inserted in Virginia-class submarines. The section will extended the hull by 70 to 80 feet and boost strike capacity by 230 percent while increasing the cost by less than 15 percent.
This modification is part of an overall engineering contract supporting the Virginia Class Submarine Program. The contract was initially awarded in 2010 and has a potential value of $965 million.
General Dynamics Corporation operates as aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, manufactures, and outfits business-jet aircrafts; provides aircraft services, such as maintenance, repair work, fixed-based operations, and aircraft administration services; and performs aircraft completions for aircraft.
LPL Financial Holdings Inc (NASDAQ:LPLA), ended its Thursday’s trading session with -0.53% loss, and closed at $44.86.
LPL Financial LLC, the nation’s largest independent broker-dealer*, a custodian for registered investment advisors (RIAs), and a wholly owned partner of LPL Financial Holdings Inc. (LPLA), recently declared that John W. (“Johnny”) Lang and Michael D. Taylor have joined BankPlus, which is based in Ridgeland, Miss., and is supported by LPL. The duo has worked together for more than 27 years at a wirehouse firm and plans to use that experience to operate WealthPlus, a new unit of BankPlus’s wealth administration group that is focused exclusively on serving high-net-worth clients. Lang and Taylor stated that, based on prior business, they collectively serviced more than $350 million of client assets**, as of April 30, 2015. The pair will be joined by their client associates to provide high-end wealth administration services to clients throughout Mississippi.
WealthPlus will operate as a new business unit within the BankPlus wealth administration group. Lang, Taylor and team will provide commission-based brokerage services and fee-based advisory services through LPL. Augmented by BankPlus’s existing trust and estates capabilities, and by LPL’s extensive resources and services, WealthPlus will be able to provide comprehensive services to address the multigenerational and often complex wealth administration needs of its high-net-worth clientele.
LPL Financial Holdings Inc., together with its auxiliaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings comprise variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income products, and alternative investments; and insurance offerings comprise personalized advance case design, point-of-sale service, and product support for a range of life, disability, and long-term care products.
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