On Monday, DCP Midstream Partners, LP (NYSE:DPM)’s shares declined -5.13% to $29.60.
DCP Midstream Partners, LP (DPM) declared that the board of directors of its general partner declared a quarterly cash distribution of $0.78 per common unit for the quarter ended June 30, 2015, or $3.12 per unit on an annualized basis. This distribution remains unchanged from the previous quarter and represents an enhance of 3.0 percent over the $0.7575 per unit distribution paid with respect to the second quarter of 2014. This quarterly cash distribution will be paid August 14, 2015, to unitholders of record at the close of business on August 7, 2015.
DCP Midstream Partners, LP, together with its auxiliaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. It operates through three segments: Natural Gas Services, natural gas liquids (NGL) Logistics, and Wholesale Propane Logistics. The company’s Natural Gas Services segment gathers, compresses, treats, processes, transports, stores, and sells natural gas. The NGL Logistics segment engages in producing, fractionating, transporting, storing, and selling NGLs, and recovering and selling condensate.
Micrel, Incorporated (NASDAQ:MCRL)’s shares dropped -0.65% to $13.86.
Microchip Technology Incorporated (MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, and Micrel, Incorporated (MCRL) recently declared that Microchip has accomplished its formerly declared acquisition of Micrel. Shareholders of Micrel overwhelmingly approved the merger with 98.95% of the Micrel shares that voted in favor of the merger. As a result of the completion of the transaction, trading in Micrel common stock on the NASDAQ Stock Market will cease recently.
Under the terms of the merger agreement, Micrel shareholders were able to elect to receive the $14.00 per share purchase price in either cash or shares of Microchip common stock. Based on the results of the shareholder elections, Microchip will pay an aggregate of about $430 million in cash and issue an aggregate of 8,626,795 shares of its common stock to Micrel shareholders. The number of shares of Microchip common stock that a Micrel shareholder will receive is based on a conversion ratio of $14.00 divided by the average of the Microchip closing stock price for the ten most recent trading days ending on the second to last trading day preceding to August 3, 2015, which is $42.888 per share.
Micrel, Incorporated, together with its auxiliaries, designs, develops, manufactures, and markets analog, mixed-signal, and digital semiconductor devices primarily in North America, Asia, and Europe. It offers power conversion products, counting LDOs, DC/DC converters, analog power switches, PMICs, solid state lighting products, and FET drivers; supervisory and reference products that protect, monitor, and enhance the interface of circuitry around microcontroller and processor circuits; and general linear parts, such as op amps, thermal measurement devices, timers, and other general devices.
At the end of Monday s trade, NOW Inc (NYSE:DNOW)‘s shares dipped -1.90% to $17.07.
NOW Inc. (DNOW) declared the closing of its formerly declared acquisition of Odessa Pumps and Equipment, Inc. Odessa Pumps and Equipment is a leading distributor of pumps and equipment for the Oil & Gas and Municipal and Wastewater markets.
NOW Inc. is one of the largest distributors to energy and industrial markets on a worldwide basis, with a legacy of over 150 years. NOW operates primarily under the DistributionNOW and Wilson Export brands. Through its network of over 330 locations and about 5,000 employees worldwide, NOW offers a comprehensive line of products and solutions for the upstream, midstream and downstream energy and industrial sectors. NOW’s locations provide products and solutions to exploration and production companies, energy transportation companies, refineries, chemical companies, utilities, manufacturers and engineering and construction companies.
NOW Inc. distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, electrical products, artificial lift solutions, mill tools, safety supplies, and spare parts, in addition to provides application systems and parts integration, optimization solutions, and after-sales support services.
Kohl’s Corporation (NYSE:KSS), ended its Monday’s trading session with -0.77% loss, and closed at $60.85.
Kohl’s Department Stores (KSS) declared a partnership with actress and fitness enthusiast, Shay Mitchell, on a brand new capsule collection of athleisure apparel launching exclusively at Kohl’s this back-to-school season. Aptly named Fit to Wander™, the brand essence and design ideology celebrates taking life by the bootstraps, getting lost with every adventure, and challenging yourself to step outside your comfort zone.
From boot camp to brunch, the Fit to Wander™ athleisure collection offers girls and young women great fit and style. Each garment comprises positive affirmations and quotes printed inside to inspire wearers.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online at Kohls.com and through mobile devices.
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