During Monday’s current trade, Cisco Systems, Inc (NASDAQ:CSCO)’s shares gained 0.75% to $62.16, as Cisco Systems, Inc (CSCO), and Globo, the leading free to air TV broadcaster in Brazil and one of the largest content producers worldwide, are working together on a large-scale project to provide Globo with greater business agility by virtualizing and orchestrating the network functions and workflows required to manage, deliver and share produced content within its New Media content partners.
Using virtualized video processing (V2P) and content administration technologies from the Cisco Videoscape portfolio will assist Globo reduce the cost and complexity to manage and modify video workflows, while increasing efficiency across their hardware and software resources. Combining the virtual Videoscape and content administration components with Cisco Unified Computing System (UCS) servers, Cisco Nexus switches, and Cisco Services gives Globo the ability to manage and deliver dozens of forms of video, media content and metadata from a centralized network architecture to various Globo properties and New Media content partners.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
AuRico Gold Inc. (NYSE:AUQ)’s, during its Monday’s current trading session gained 7.19% to $3.21, during the last trading session on Monday, today AuRico Gold Inc. (AUQ) and Alamos Gold Inc. (“Alamos”) (AGI) declare that they have reached a definitive contract to combine their respective companies (the “Merger”) by way of a plan of arrangement, creating a new, leading intermediate gold producer (“MergeCo”). The Merger combines two top-quality, highly-complementary asset portfolios, counting two long-life, cash flow-generating gold mines: AuRico’s Young-Davidson mine in Ontario, Canada and Alamos’ Mulatos mine in Sonora, Mexico. The transaction is structured as a merger of equals with a transaction equity value of about US$1.5 billion.
John McCluskey, President and CEO of Alamos, stated: “We are very happy to bring this transaction forward to the benefit of both sets of shareholders. Alamos has remained disciplined in its growth initiatives, building and preserving a robust balance sheet for the right opportunity. We believe the addition of the flagship, long-life Young-Davidson mine is just that opportunity. The combination of diversified production from three mines and a pipeline of low-cost growth projects in safe jurisdictions equate to a leading gold intermediate and a noteworthyre-rate opportunity for our collective shareholders.”
Highlights of the Merger
- Creation of a leading intermediate gold producer: Creates a larger, diversified portfolio of assets located in stable jurisdictions, underpinned by two top-tier producing mines, Young-Davidson and Mulatos, and a noteworthypipeline of high-quality development projects.
- Peer-leading growth profile in safe jurisdictions: Predictable to produce 375 - 425 koz of gold in 2015 in Mexico and Canada with the potential to grow organically to over 700 koz of gold annually. The development portfolio is anchored by quality, low-cost projects in Turkey in addition to three projects in North America (Esperanza, Lynn Lake and Quartz Mountain).
- Strong financial position: Strong pro-forma cash position of US$427 million, net cash of US$94 million and growing cash flow generation to support further growth.
- Improved capital markets profile: The combined market capitalization of US$1.5 billion, raised trading liquidity and expanded analyst coverage is predictable to significantly enhance the combined corporation’s capital markets profile.
- Revaluation opportunity: With diversified production, superior growth profile, strong balance sheet, greater market profile and proven administration and operating teams, the combined corporation is well positioned for a potential value re-rating.
- Potential to unlock noteworthyvalue through SpinCo: Shareholders of both Alamos and AuRico will also benefit from the exposure to the noteworthyvalue potential of the Kemess project and stable, diversified royalty proceed via ownership in SpinCo.
AuRico Gold Inc. operates as a gold producer with mines and projects in North America. Its principal projects comprise the Young-Davidson gold mine compriseing of contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; and the El Chanate mine comprising 22 mineral concessions that cover an area of about 4,618 hectares located in Sonora State, Mexico. The corporation was formerly known as Gammon Gold Inc. and changed its name to AuRico Gold Inc. in June 2011. AuRico Gold Inc. was founded in 1986 and is headquartered in Toronto, Canada.
During an afternoon trade, JetBlue Airways Corporation (NASDAQ:JBLU)‘s shares raised 5.49% to $20.08, as JetBlue Airways Corporation (JBLU), New York’s Hometown Airline™ recently declares a special music showcase, counting a pop-up record shop at JetBlue’s Terminal 5 (T5) at JFK International Airport, as a precursor to Record Store Day. This Live From T5 concert will celebrate Record Store Day, an international annual tradition that honors independently owned record shops. Taking place on Tuesday, April 14, 2015 from 9am - 6pm, JetBlue and local record retailer, Other Music, will host an in-terminal record store experience complete with performances by artists spanning musical genres counting country-blues-soul singer Elle King, punk pop artist Kevin Devine and indie rock band Caveman.
JetBlue Airways Corporation, a passenger carrier corporation, provides air transportation services. As of December 31, 2014, the corporation operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts. It also served 87 destinations in 27 states in the United States (the U.S.), the District of Columbia, the Ordinarywealth of Puerto Rico, the U.S. Virgin Islands, and 17 countries in the Caribbean and Latin America. JetBlue Airways Corporation was founded in 1998 and is based in Long Island City, New York.
Sirius XM Holdings Inc (NASDAQ:SIRI), during its Monday’s current trading session -0.63% declined, to $3.92, after Sirius XM Holdings Inc (SIRI), declared live coverage of every game, plus expert analysis from hockey insiders during the 2015 Stanley Cup® Playoffs on SiriusXM NHL Network Radio™, XM channel 218 and Sirius Premier channel 211.
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The corporation broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets. It also streams music and non-music channels over the Internet; and offer applications to allow consumers to access its Internet radio service on smartphones and tablet computers. In addition, the corporation distributes satellite radios through the sale and lease of new vehicles; and attains subscribers through the sale and lease of formerly owned vehicles with factory-installed satellite radios.
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