On Thursday, VimpelCom Ltd (ADR) (NASDAQ:VIP)’s shares inclined 2.02% to $5.06.
VimpelCom Ltd (ADR) (VIP) a leading global provider of telecommunications services, headquartered in Amsterdam, declares that VimpelCom shareholders approved all agenda items at its Annual General Meeting of Shareholders (AGM) held recently in Amsterdam.
In particular, the Company’s shareholders elected the following candidates to the Supervisory Board: Mikhail Fridman, Gennady Gazin, Andrei Gusev, Gunnar Holt, Sir Julian Horn-Smith, Nils Katla, Alexey Reznikovich, Morten Karlsen Sorby and Trond O Westlie.*
The reappointment of PricewaterhouseCoopers Accountants NV as the Company’s auditor was also approved.
Holders of about 93.2% of the Company’s shares were represented at the AGM.
VimpelCom Ltd. provides telecommunications services in Italy, Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. It offers voice and data services through a range of traditional and broadband mobile and fixed line technologies.
Knowles Corp (NYSE:KN)’s shares dropped -0.11% to $18.53.
The Board of Directors of Knowles Corporation (KN) declared the appointment of Dr. Hermann Eul to the Board of Directors effective July 1, 2015. Dr. Eul will stand for election at the Company’s 2016 Annual Meeting of Stockholders. He was also designated to serve on the Compensation Committee and the Governance and Nominating Committee.
Since 2012, Dr. Eul has been the Corporate Vice President and General Manager at Intel Corporation, which he joined in February 2011 when Intel attained the wireless solutions business of Infineon Technologies and formed Intel Mobile Communications. Formerly, he was President and General Manager of Intel Mobile Communications, and from 2005 to 2011 Dr. Eul was Executive Vice President of Infineon Technologies responsible for technology, research and development and marketing and sales. In addition, Dr. Eul was awarded a full chair professorship at Hanover University (Germany) in 2003.
Knowles Corporation designs, manufactures, and sells products and components to the mobile communications, consumer electronics, medical technology, telecommunications infrastructure, military, aerospace, and industrial markets worldwide. The company operates in two segments, Mobile Consumer Electronics and Specialty Components. The Mobile Consumer Electronics segment designs and manufactures acoustic products, counting microphones, speakers, receivers, and integrated modules for the handset, tablet, and other consumer electronic markets.
At the end of Thursday’s trade, NCR Corporation (NYSE:NCR)‘s shares dipped -0.96% to $30.02.
NCR Corporation (NCR) declared that Tesco Stores Ltd. – a partner of U.K.-based Tesco plc – has selected its self-checkout technology for the Malaysian stores. The grocery and general merchandise retailer selected The Tesco store at IOI City Mall in Putrajaya for the pilot deployment. The technology will be installed later at Tesco KSL City in Johor.
The full touch screen NCR self-checkout solution has a user-friendly interface that will guide shoppers through the checkout process. The animated demonstrations on the screen make the technology user-friendly and faster thereby enhancing customers overall shopping experience.
The customers will save a lot of time as this technology will enable them to scan, bag and pay for goods themselves. Per the deal, NCR will provide consulting, training and services to ensure smooth deployment of the technology at Tesco Stores in Malaysia.
Olin Corporation (NYSE:OLN), ended its Thursday’s trading session with -2.73% loss, and closed at $25.65.
The Dow Chemical Company (DOW) and Olin Corporation (OLN) declared the achievement of a regulatory milestone in the projected transaction involving a noteworthy portion of Dow’s chlorine value chain and Olin Corporation, with the expiration of the required waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976.
“This important milestone marks progress toward the close of a seminal transaction maximizing return for both Dow and Olin shareholders and the advancement of Dow’s targeted market participation and portfolio transformation strategies,” said Andrew N. Liveris, Dow’s chairman and chief executive officer.
As formerly declared on March 27, 2015, Dow and Olin reached a definitive agreement under which Dow will separate its U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics and Global Epoxy businesses, and then merge these businesses with Olin in a Reverse Morris Trust transaction. The merger will result in Dow shareholders receiving at least a majority of the shares of Olin, with existing Olin shareholders owning the remaining shares.
Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. The company operates through three segments: Chlor Alkali Products, Chemical Distribution, and Winchester. The Chlor Alkali Products segment provides chlorine/caustic soda that is used in pulp and paper processing, chemical manufacturing, and water purification, in addition to in the manufacture of vinyl chloride, bleach, swimming pool chemicals, and urethane chemicals; sodium hypochlorite for use in household cleaners, laundry bleaching, swimming pool sanitizers, semiconductors, water treatment, textile, pulp and paper, and food processing; and hydrogen used in fuel source, hydrogen peroxide, and hydrochloric acid.
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