On Thursday, Nike Inc (NYSE:NKE)’s shares inclined 0.54% to $103.90.
Nike Inc (NKE) plans to release its fourth quarter fiscal 2015 financial results on Thursday, June 25, 2015, at about 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE administration will host a conference call starting at 2:00 p.m. PT to review results.
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, including running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names.
Marathon Patent Group Inc (NASDAQ:MARA)’s shares dropped -37.20% to $3.36.
Marathon Patent Group Inc (MARA) declared that on June 11, 2015, a jury ruled in the matter Bridgestone Americas Tire Operations LLC v. Schrader-Bridgeport in the United States District Court for the District of Delaware.
On May 2, 2013, Schrader-Bridgeport International Inc. was sued by Bridgestone Americas Tire Operations LLC for patent infringement in Delaware District Court, case number 1:13-cv-00763. Marathon has advised the plaintiff and offered substantially all of the financing of this litigation.
Marathon Patent Group’s wholly owned partner, IP Liquidity, owns contract rights to the revenue associated with the outcome of this case.
On June 11, 2015, an eight-person jury ruled that the asserted patents, while valid, were not infringed by the defendant.
Marathon Patent Group, Inc. engages in the acquisition and monetization of patents. It acquires patents and patent rights from various patent owners ranging from individual inventors to Fortune 500 companies.
At the end of Thursday’s trade, Mead Johnson Nutrition CO (NYSE:MJN)‘s shares dipped -0.03% to $90.92.
Mead Johnson Nutrition CO (MJN) declared that its board of directors has declared a regular quarterly dividend of $0.4125 per share for the quarter ending June 30, 2015.
The dividend will be paid on July 2, 2015, to shareholders of record at close of business on June 22, 2015.
Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children’s nutrition, and other nutritional products. It offers routine infant formula products as a breast milk substitute for healthy infants for the use as the infant’s source of nutrition, as well as a supplement to breastfeeding under the Enfamil Premium, Enfapro Premium, Enfamil A+, and Enfalac A+ names; and solutions products to address common feeding tolerance problems, including spit-up, fussiness, gas, and lactose intolerance under the Enfamil Gentlease and Enfamil A.R names.
Ocean Rig UDW Inc (NASDAQ:ORIG), ended its Thursday’s trading session with -6.47% loss, and closed at $6.36.
Ocean Rig UDW Inc (ORIG) declared that it closed the formerly declared offering of 28,571,428 shares of its common stock, par value $0.01 per share, at a price of $7.00 per share. As part of the offering, George Economou, our Chairman, President and Chief Executive Officer, purchased $10 million, or 1,428,571 shares, of common stock in the offering at the public offering price, a number of common shares that maintains his direct ownership in Ocean Rig, representing about five percent of its common stock.
Clarksons Platou Securities, Inc., Pareto Securities Inc. and Seaport Global Securities LLC acted as joint lead managers, joint bookrunners and placement agents in the offering. Clarksons Platou Securities AS and Pareto Securities AS are acting as placement agents. The total net proceeds to the Company from the offering, after deducting offering fees and expenses, were about $193.9 million. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, counting the acquisition of drilling rigs.
Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development, and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. As of December 31, 2014, the company operated a fleet of two ultra-deepwater drilling rigs and seven drillships. It serves oil companies, integrated oil and gas companies, state-owned national oil companies, and independent oil and gas companies. The company is based in Nicosia, Cyprus. Ocean Rig UDW Inc. is a subsidiary of DryShips Inc.
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