On Monday, Shares of Wisconsin Energy Corp (NYSE:WEC), lost -0.69% to $ 46.26.
Wisconsin Energy Corp, declared a special pro rata dividend to ensure that its shareholders continue to receive their dividend at the current rate until the closing of the merger.
The Board of Directors declared a pro rata dividend of $0.007234 per share per day that will accrue from May 30, 2015, until and counting the day preceding to the effective day of the merger. This pro rata dividend, which is the daily equivalent of the current quarterly dividend rate of $0.68 per share, will be paid to Integrys Energy Group shareholders of record at the close of business on the day right away preceding to the effective date of the merger. The dividend will be paid as soon as practicable following the completion of the merger. The effective date of the merger is not presently known, but is predictable to occur by the end of this summer.
Wisconsin Energy Corporation, through its auxiliaries, generates and distributes electric energy. The company operates in two segments, Utility Energy and Non-Utility Energy. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass.
Shares of TiVo Inc. (NASDAQ:TIVO), inclined 0.09% to $ 10.69, during its last trading session.
TiVo Inc., declared that President and CEO Tom Rogers will present at the 2015 Bernstein Global Future of Media & Telecom Summit on Tuesday, June 23rd.
TiVo Inc. provides television software services and cloud-based software-as-a-service solutions that enable to view video content through various screens. It offers whole-home solutions that comprise 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets through features, such as What to Watch Now, OnePass, integrated search, access to broadband video content, and TiVo online/mobile scheduling.
At the end of Monday’s trade, Shares of Total SA (ADR) (NYSE:TOT), gained 3.23% to $51.50.
Total SA, signed a contract to sell its 16.67% interest in the Schwedt refinery in northeastern Germany (Brandenburg) to Rosneft, which already holds indirectly an 18.75% stake in the facility. The transaction is valued at $300 million not taking into account working capital and remains subject to customary approvals.
“The sale of our minority interest in the Schwedt Refinery is in line with our 2017 target to reduce Total’s European refining and petrochemical capacity by 20%, as declared in 2012,” said Philippe Sauquet, President of Total Refining & Chemicals. “Monetizing this non-core asset also contributes to the Group’s accelerated disposal program in 2015 and demonstrates Total’s commitment to actively manage its portfolio across all segments.”
TOTAL S.A. operates as an oil and gas company worldwide. The company operates through three segments: Upstream, Refining & Chemicals, and Marketing & Services. The Upstream segment explores and produces oil and gas; ships, trades, and markets natural gas, liquefied natural gas, and liquefied petroleum gas (LPG); generates power; and mines and markets coal.
Finally, Liberty Global plc - Class C Ordinary Shares (NASDAQ:LBTYK), ended its last trade with 0.62% gain, and close at $53.15.
Liberty Global plc - Class C Ordinary Shares, declared that, following regulatory approval, it has consummated its formerly declared acquisition of 100% of the parent of Puerto Rico Cable Acquisition Company Inc., dba Choice Cable TV, the second largest cable and broadband services provider in Puerto Rico. The combination of Choice’s operations with those of Liberty Cablevision of Puerto Rico LLC, which is 60% owned by Liberty Global and 40% owned by funds managed by Searchlight Capital Partners, L.P., creates the largest cable operator on the island with over one million homes passed1, serving about 750,000 revenue generating units (“RGUs)1 and generating over $390 million of annual revenue.
As formerly revealed, the purchase price of about $272.5 million before transaction costs and other adjustments represents a multiple of about 6 times our estimate of Choice’s 2015 full-year operating cash flow, as customarily defined by Liberty Global and adjusted for the projected annual impact of synergies following full integration. The transaction was largely funded through incremental debt borrowings of about $267.5 million at the combined Puerto Rican business, and equity contributions from Liberty Global and Searchlight of $10.2 million and $6.8 million, respectively.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally.
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