On Tuesday, Shares of Twitter, Inc. (NYSE:TWTR), gained 0.43% to $34.82, hitting its lowest level.
Less than a week after announcing his resignation as chief executive officer of Twitter, Dick Costolo took to the stage at the Bloomberg Technology Conference in San Francisco to talk about his departure. On July 1, Jack Dorsey, a Twitter co-founder and CEO of payments company Square, will step in as interim CEO at Twitter while the board of directors searches for a replacement.
“Jack Dorsey is now the interim CEO. He has other responsibilities: He’s the CEO of Square. It always surprises me that he continues to have the passion and the bandwidth to run two companies.” Costolo stated in Bloomberg Businessweek’s interview.
Costolo, 51, was asked if it was true that Dorsey, who co-founded Twitter and also is CEO of electronics payments company Square Inc., really just wants to be Twitter’s CEO and is being cued up for that role, during the conference in San Francisco Tuesday morning. A New York Times article notes “Ever since his ouster in 2008, Mr. Dorsey has wanted to return to the helm of Twitter, according to two people with knowledge of his thinking.”
“We’re legitimately doing a search,” said Costolo, who has been Twitter’s CEO since 2010, declared his departure as CEO last Thursday and will leave the role on July 1.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
Shares of Yamana Gold, Inc. (NYSE:AUY), declined -2.15% to $3.18, during its last trading session, hitting its lowest level, as Gold slipped on Tuesday as the dollar firmed ahead of the US Federal Reserve’s two-day policy meeting, while a looming Greek crisis failed to trigger sustained demand for safe-haven assets.
Spot gold was down 0.2 per cent at $1,183.32 an ounce by 1139 GMT, while US gold futures for August delivery were down $2.40 an ounce at $1,183.40.
Yamana Gold Inc. engages in gold mining and related activities, counting exploration, extraction, processing, and reclamation. The company has precious metal properties and land positions in the Americas.
Finally, CrossAmerica Partners LP (NYSE:CAPL), ended its last trade with -7.88% loss, and closed at $30.39.
CrossAmerica Partners, declared that it has priced its formerly declared public offering of 4,600,000 common units representing limited partner interests in the Partnership (the “Offering”) at a price to the public of $31.45 per common unit. The Partnership anticipates the Offering to close on June 19, 2015, subject to customary closing conditions. The Partnership has granted the underwriters a 30-day option to purchase up to an additional 690,000 common units. The Partnership anticipates to receive net proceeds of about $138.6 million (or about $159.4 million if the underwriters exercise their option to purchase an additional 690,000 common units in full), after deducting underwriting discounts and commissions and estimated offering expenses.
The Partnership intends to use the net proceeds from the Offering, counting any proceeds received from an exercise of the underwriters` option to purchase additional common units, to reduce indebtedness outstanding under its credit facility. The Partnership then intends to reborrow under its credit facility to fund future acquisitions.
BofA Merrill Lynch, Barclays, J.P. Morgan, Raymond James and RBC Capital Markets are acting as joint book-running managers for the Offering, and Baird, Janney Montgomery Scott, Oppenheimer & Co. and Stephens Inc. are acting as co-managers for the Offering. A copy of the prospectus supplement and accompanying prospectus, when accessible, may be obtained from:
CrossAmerica Partners LP operates as a wholesale distributor of motor fuels, and owns and leases real estate used in the retail distribution of motor fuels in the United States.
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