On Friday, Shares of QEP Resources Inc (NYSE:QEP), gained 9.69% to $13.92.
QEP Resources, declared that it will host a teleconference and webcast to discuss its third quarter 2015 results starting at 9:00 a.m. EDT (7:00 a.m. MDT) on Thursday, October 29, 2015. QEP will issue a combined third quarter financial and operational results news release Wednesday, October 28, 2015 after market close.
QEP Resources, Inc., through its auxiliaries, operates as an exploration and production company. The company acquires, explores, develops, and produces natural gas, oil, and natural gas liquids (NGLs) primarily in the Pinedale Anticline in western Wyoming; the Williston Basin in North Dakota; the Uinta Basin in eastern Utah; the Permian Basin in western Texas; the Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado.
Shares of Philip Morris International Inc. (NYSE:PM), inclined 0.62% to $79.95, during its last trading session.
Philip Morris International, declared that PT HM Sampoerna Tbk., an indirect partner of PMI in which PMI has to date held a 98.18% interest through PT Philip Morris Indonesia, recently revealed on its web site the pricing details for its ongoing rights issue. The purpose of the Rights Issue is to comply with the Indonesian Stock Exchange’s mandatory requirement of a minimum threshold for public shareholding. Following IDX regulations, all listed public companies are required to have at least 7.5% of their total paid-up capital owned by the public by January 30, 2016. As advised by Sampoerna on its website, the exercise price for the rights has been set at Rp. 77,000, a 1.349% premium to the closing price on the IDX of Rp. 75,975 on September 30, 2015. In connection with the Rights Issue, PMID is selling 264,209,711 of the rights to which it is entitled in a placement to institutional investors; PMID is subscribing to the remaining 600,640 rights to which it is entitled. The placement price for the shares underlying PMID’s rights is the same as the exercise price for the rights. Delivery of the rights shares sold in the placement is predictable to take place on or about October 26, 2015. The total net proceeds to Sampoerna from the Rights Issue, after deducting related commissions, professional fees and other transaction-related expenses, amount to about $1.4 billion*, which Sampoerna intends to use for general corporate purposes and working capital purposes, counting the repayment of working capital facilities. After completion of the Rights Issue, PMID will own 92.50% of the issued and outstanding share capital of Sampoerna.
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White.
At the end of Friday’s trade, Shares of Cliffs Natural Resources Inc (NYSE:CLF), gained 8.90% to $2.57.
Cliffs Natural Resources, said it intends to declare third-quarter 2015 financial results before the U.S.-market open on Thursday, October 29, 2015.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
Finally, Graphic Packaging Holding Company (NYSE:GPK), ended its last trade with 2.47% gain, and closed at $13.29.
Graphic Packaging Holding Company, declared that its wholly owned partner, Graphic Packaging International, Inc., has attained the converting assets of Staunton, VA based Carded Graphics, an award winning printed folding carton producer with a strong regional position in the food, craft beer and other consumer product markets.
“The acquisition of Carded Graphics’ assets represents a continuation of our strategy to grow in key geographies and end markets,” said Michael Doss, Graphic Packaging’s President and Chief Operating Officer. “The addition of this state-of-the-art converting facility improvements our east coast presence allowing us to better service new and existing customers in that region, specifically the growing craft beer markets. We are also happy to welcome Murry Pitts, President and CEO of Carded Graphics, and his outstanding leadership team to the Graphic Packaging team.”
Graphic Packaging Holding Company, together with its auxiliaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. The company produces a range of paperboard grades convertible into folding cartons primarily to protect products, such as food, detergents, paper products, beverages, and health and beauty aids.
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