On Friday, Novo Nordisk A/S (ADR) (NYSE:NVO)’s shares inclined 5.46% to $57.76.
In continuation of the company`s declarements dated 30 January 2015 and 30 April 2015 concerning planned share repurchase programs, and following Section 204.25 of the New York Stock Exchange Listed Company Manual, this is to report that Novo Nordisk A/S (NVO) and its wholly-owned associates on 30 June 2015 owned 27,609,691 of its own B shares of DKK 0.20, corresponding to a total nominal value of DKK 5,521,938 or 1.1% of the total share capital.
In the second quarter of 2015 a total of 10,528,423 B shares were repurchased, and 27,065 B shares were disposed of to employees in connection with employee incentive programs.
Novo Nordisk A/S, a healthcare company, engages in the discovery, development, manufacture, and marketing of pharmaceutical products worldwide. It operates in two segments, Diabetes Care and Biopharmaceuticals. The Diabetes Care segment covers insulins, GLP-1 analog, obesity, and oral antidiabetic drugs, in addition to other protein related products comprising glucagon, protein related delivery systems, and needles. The Biopharmaceuticals segment offers products in the areas of haemophilia care, growth hormone therapy, and hormone replacement therapy.
USG Corporation (NYSE:USG)’s shares gained 1.12% to $26.98.
USG Corporation (USG) collaborating with Tremco Commercial Sealants & Waterproofing (CS&W) today unveiled Securock® ExoAir® 430 System – a new advancement in air barrier installation to the construction industry. The integration of two already proven products – USG Securock® Brand Glass-Mat Sheathing Panels and Tremco’s ExoAir® membrane – will bring a system with built-in performance to the market.
In a controlled environment, the air/water barrier coating is applied to a glass-mat faced, moisture and mold-resistant gypsum sheathing panel. This process results in a uniform membrane with superior bond to the substrate. The system, comprised of the panel and detailing components, simplifies the installation process and eliminates many traditional application challenges like weather impact, material waste and performance variances, while improving jobsite scheduling concerns. Progressive Engineering Inc. and Underwriters Laboratory have accredited Securock ExoAir 430 System for code compliance and fire resistance performance.
USG Corporation, through its auxiliaries, operates as a manufacturer and distributor of building materials worldwide. Its Gypsum segment provides gypsum and related products that are used to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, in addition to in various industrial applications.
At the end of Friday’s trade, Plains GP Holdings LP (NYSE:PAGP)‘s shares dipped -0.23% to $25.95.
Plains All American Pipeline, L.P. (PAA), a partner of Plains GP Holdings LP (PAGP) practiced a crude oil release from its 24-inch Las Flores to Gaviota Pipeline (Line 901) in Santa Barbara County, California. The pipeline was transporting crude oil from third party storage tanks located in Las Flores Canyon to Plains’ Gaviota Pump Station. Some of the released oil reached a drainage culvert leading to the Pacific Ocean at the Refugio State Beach and influenced the ocean water and the local shoreline. Plains shut down the pipeline and initiated its emergency response plan. No human injuries have been stated, but there have been reports of impacts to wildlife. The cause of the leak is being investigated and although the exact amount of released oil has not yet been finally determined, Plains presently estimates that the amount of released crude oil could be as high as about 2,400 barrels.
PAA is working closely with local, state and federal government agencies and first responders to clean up and remediate the affected areas. On May 21, 2015, Plains received a corrective action order from the United States Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (“PHMSA”) requiring Plains to shut down, purge, review, remediate and test the pipeline. Among other requirements, the order also obligates Plains to conduct a root cause failure analysis and present remedial work plans and restart plans to PHMSA prior to returning the line to service. PAA fully intends to comply with the PHMSA order and to cooperate with any other governmental investigations regarding or arising out of the release.
Plains GP Holdings, L.P., through its interest in Plains AAP, L.P., owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas, and refined products in the United States and Canada. The company operates through three segments: Transportation, Facilities, and Supply and Logistics.
LKQ Corporation (NASDAQ:LKQ), ended its Friday’s trading session with 0.83% gain, and closed at $30.33.
LKQ Corporation (LKQ) and The Coast Distribution System, Inc. (CRV) declared that they have signed a definitive agreement for LKQ to acquire Coast for $5.50 per share in cash. Coast is a leading distributor of replacement parts, supplies and accessories for recreational vehicles (RVs) primarily to retail parts and supplies stores, service and repair establishments, and new and used RV dealers in North America. Under the terms of the definitive agreement, a partner of LKQ will commence a tender offer to acquire all outstanding shares of Coast’s common stock for $5.50 per share in cash. The tender offer is required to be commenced within 10 business days and to remain open for at least 20 business days after launch. The consummation of the tender offer is subject to satisfaction of customary conditions, counting that the holders of at least a majority of Coast’s outstanding shares accept the offer. Any shares not tendered in the offer will be attained, following consummation of the tender offer, in a second step merger at the same cash price as in the tender offer. The acquisition is presently predictable to close in the third quarter of 2015. Coast’s Board of Directors has unanimously recommended that Coast stockholders accept the offer and tender their shares. Total cash consideration payable for Coast’s outstanding shares is about $29 million. As of June 30, 2015 Coast had $19.5 million outstanding under its long-term revolving bank line of credit.
LKQ Corporation, together with its auxiliaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in the United States, the United Kingdom, the Netherlands, Belgium, Northern France, Canada, Mexico, and Central America. The company operates in four segments: Wholesale North America, Wholesale Europe, Self Service, and Specialty. It distributes various products, counting aftermarket collision and mechanical products; recycled collision and mechanical products; and refurbished collision replacement products, such as wheels, bumper covers and lights, and remanufactured engines.
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