On Tuesday, FirstEnergy Corp. (NYSE:FE)’s shares inclined 0.21% to $33.36.
FirstEnergy Corp. (FE) has hired eight new line and substation employees from the Power Systems Institute training program as part of its ongoing efforts to enhance service reliability for customers in West Virginia.
The Power Systems Institute is a utility training partnership established in 2012 with Pierpont Community & Technical College in Fairmont, W.Va. Students spend two-and-a-half days each week spent at Pierpont concluding academic course work with the remainder of the week spent at a Mon Power training facility in White Hall, W.Va., focusing on safe work practices and procedures in the electrical environment.
These new employees are members of the second graduating class of the Power Systems Institute and earned an associate of applied science degree in Electric Utility Technology.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities. The company also provides energy-related products and services to wholesale and retail customers.
Danaher Corporation (NYSE:DHR)’s shares gained 0.20% to $84.63.
shareholders to, among other things, consider and vote on a proposal to adopt the formerly declared Agreement and Plan of Merger, dated May 12, 2015 (the “Merger Agreement”), by and among Pall, Danaher Corporation (DHR), a Delaware corporation (“Danaher”), and Pentagon Merger Sub, Inc., a New York corporation and an indirect wholly owned partner of Danaher (“Merger Sub”), providing for the merger of Merger Sub with and into Pall (the “Merger”), with Pall surviving the Merger as an indirect wholly owned partner of Danaher.
Shareholders of record as of the close of business on June 25, 2015 will be entitled to vote at the special meeting. Under the terms of the merger agreement, each share of common stock issued and outstanding right away prior to the effective time of the Merger will be canceled and automatically converted into the right to receive $127.20 in cash, without interest.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company’s Test & Measurement segment provides test, measurement, and monitoring products that are used in electronic design, manufacturing, and technology development; hardware and software solutions to deploy, manage, and secure communication network technologies and services; and tools, toolboxes, and automotive maintenance equipment. Its Environmental segment offers instrumentation and disinfection systems to analyze and manage the quality of water; and solutions and services focused on fuel dispensing, remote fuel administration, point-of-sale systems, payment systems, environmental compliance, vehicle tracking, and fleet administration.
At the end of Tuesday’s trade, Under Armour Inc (NYSE:UA)‘s shares surged 1.95% to $82.77.
Under Armour Inc (UA) declared that its Board of Directors (the “Board”) unanimously approved the creation of a new class of non-voting common stock, the Class C common stock.
Under Armour anticipates to issue Class C stock through a stock dividend to all existing holders of Under Armour’s Class A and Class B common stock, which will have the same effect as a two-for-one stock split. Each holder of a share of Class A or Class B stock will receive one share of the new Class C stock. Except for voting rights, the Class C stock will have the same rights as the existing Class A stock. Application to the New York Stock Exchange will be made to list the new Class C stock, which will trade under a different ticker symbol than Under Armour’s existing Class A stock. The ticker symbol for the Class C stock and the record date for the stock dividend have not been determined.
Under Armour, Inc., together with its auxiliaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes. It offers various footwear products, counting football, baseball, lacrosse, softball and soccer cleats, slides, performance training, running, basketball, and outdoor footwear.
Pengrowth Energy Corp (USA) (NYSE:PGH), ended its Tuesday’s trading session with 0.39% gain, and closed at $2.59.
Pengrowth Energy Corp (USA) (PGH) reported that production from the Lindbergh thermal project now exceeds the project’s nameplate capacity of 12,500 barrels per day (bbl/d). With all three well pads now on SAGD (steam assisted gravity drainage) production, the project is presently producing in excess of 13,000 bbl/d with an instantaneous steam oil ratio of 1.9. Installation of the remaining downhole electric submersible pumps (ESPs) was accomplished at the end of May and all producing wells now have ESPs in place. Production rates from the commercial project continue to enhance, tracking the performance of the two pilot well pairs which have now been on production for over three years and which have been integrated into the commercial project. The project remains on track with continued ramp-up of production predictable through the remainder of 2015, ultimately achieving production rates of 16,000 bbl/d by the end of the year.
Pengrowth also declares that its July 15, 2015 cash dividend will be Cdn $0.02 per common share. The ex-dividend date is June 18, 2015. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of June 22, 2015.
The dividend of Cdn $0.02 per common share is equivalent to about U.S. $0.016 per common share using a Canadian/U.S. dollar exchange rate of Cdn $1.00:U.S. $0.804. The actual U.S. dollar equivalent of the dividend will be based upon the actual Canadian/U.S. dollar exchange rate in effect on the payment date, net of applicable Canadian withholding taxes for U.S. residents who hold their Pengrowth shares in taxable accounts.
Pengrowth Energy Corporation engages in the acquisition, development, exploration, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. It primarily explores for crude oil, bitumen, natural gas, and natural gas liquids.
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