On Friday, Shares of Peabody Energy Corporation (NYSE:BTU), lost -8.99% to $2.53, hitting its lowest level, due to concerns that coal companies will be required to pay more for insurance that covers environmental damage, Bloomberg reports.
So far recently, 15.46 million shares of Peabody Energy have exchanged hands as contrast to its average daily volume of 13.67 million shares.
The Wyoming Department of Environmental Quality’s Land Quality Division is looking over financial data from 2014 from Peabody and fellow coal company Arch Coal (ACI) in order to determine if they still qualify for a “self-bonding” program, Bloomberg added.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. It is involved in mining and sale of thermal coal to electric utilities and metallurgical coal for industrial customers. It also offers direct and brokered trading of coal and freight-related contracts.
Shares of Exxon Mobil Corporation (NYSE:XOM), declined -1.26% to $84.02, during its last trading session, as oil prices slipped on Friday, with Brent crude trading 81 cents lower at $64.30 a barrel, while U.S. light crude was down 85 cents at $59.93 around the stock market close.
Overall, oil and gas stocks under-performed, with the sector index closing around 1.7 percent lower.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, counting olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.
Finally, MetLife, Inc. (NYSE:MET), ended its last trade with -0.54% loss, and closed at $55.77.
MetLife, declared an amendment to the tender offer for its 6.500% Non-Cumulative Preferred Stock, Series B (CUSIP No. 59156R603), par value $0.01 per share and liquidation preference $25.00 per share. The Series B Preferred Shares are listed on the NYSE under the symbol “METPrB.” The tender offer is being modified from an offer to purchase any and all of its 60,000,000 outstanding Series B Preferred Shares to an offer to purchase up to 59,850,000 Series B Preferred Shares, so that as a result of the tender offer the Series B Preferred Shares will not be removed from listing on the NYSE. The tender offer is being made solely following the Offer to Purchase dated June 1, 2015, as amended and supplemented on June 12, 2015, and the accompanying Letter of Transmittal, as amended and supplemented. The terms and conditions of the tender offer are more fully set forth in those documents.
Upon and subject to the conditions set forth in the Offer to Purchase, MetLife is offering to pay a purchase price of $25.00 per Series B Preferred Share, plus an amount equal to accrued, unpaid and undeclared dividends from, and counting, June 15, 2015 to, but not taking into account, the settlement date for the tender offer, for up to 59,850,000 Series B Preferred Shares properly tendered and not properly withdrawn. MetLife presently anticipates the settlement date of the tender offer to be June 29, 2015.
The tender offer will expire at 12:00 midnight, New York City time, on June 26, 2015 (which is the end of the day on June 26, 2015), unless the tender offer is extended or earlier terminated by MetLife. Tenders of Series B Preferred Shares must be made on or preceding to the expiration of the tender offer to receive the purchase price and may be withdrawn at any time preceding to the expiration of the tender offer, in each case, in accordance with the procedures described in the Offer to Purchase and accompanying Letter of Transmittal.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
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