On Wednesday, MRC Global Inc (NYSE:MRC)’s shares declined 4.09% to $12.66.
MRC Global Inc. (MRC), the largest distributor of pipe, valves and fitting products and services to the energy industry, declared that it has initiated a rebranding of its global brands. As part of these rebranding efforts, the company has adopted a new logo to represent its global brand. While the company will continue to operate with sub-brands when appropriate, its primary identity will be the MRC Global brand.
This change will be most notable in the United States. The company’s U.S. business was formerly known as McJunkin Red Man Corporation after the 2007 “merger of equals” between McJunkin Corporation and Red Man Pipe and Supply. It will now operate under the brand MRC Global™ as MRC Global (US) Inc.
MRC Global Inc., through its auxiliaries, distributes pipes, valves, fittings, and related products and services to the energy and industrial sectors in the Unites States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, in addition to steam and instrumentation products.
McDermott International (NYSE:MDR)’s shares dropped -5.42% to $4.54.
McDermott International, Inc. (MDR) declared its plan of forthcoming investor presentations and webcasts:
On Thursday, September 10, McDermott’s Executive Vice President and Chief Financial Officer, Stuart Spence, will be presenting at the D.A. Davidson 14th Annual Engineering & Construction Conference in San Francisco, starting at 3:45 p.m. Central / 1:45 p.m. Pacific.
On Thursday, September 17, he will be presenting at the Imperial Capital Global Opportunities Conference in New York, starting at 8:00 a.m. Central / 9:00 a.m. Eastern.
McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects. The company delivers fixed and floating production facilities, pipeline installations, and subsea systems from concept to commissioning. Its operations comprise fabrication and installation of fixed and floating structures; and the installation of pipelines and subsea systems, in addition to provision of shallow water and deepwater construction services.
At the end of Wednesday’s trade, Danaher Corporation (NYSE:DHR)‘s shares dipped -1.28% to $86.41.
Danaher Corporation (“Danaher,”) (DHR) declared the completion of its acquisition of Pall Corporation (“Pall,”) (PLL).
On August 31, 2015, Danaher accomplished the merger of Pentagon Merger Sub, Inc., a New York corporation and an indirect wholly owned partner of Danaher, into Pall and, as a result, Pall has become an indirect wholly owned partner of Danaher. In the merger, each outstanding share of Pall common stock was cancelled and (except for shares held by Danaher, Pentagon, Pall and their respective auxiliaries) converted into the right to receive $127.20 per share in cash, without interest.
Pall’s common stock will cease to be traded on the New York Stock Exchange. Detailed instructions will be sent to former Pall shareholders outlining the steps to be taken to obtain the merger consideration of $127.20 per share in cash, without interest.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company’s Test & Measurement segment provides test, measurement, and monitoring products that are used in electronic design, manufacturing, and technology development; hardware and software solutions to deploy, manage, and secure communication network technologies and services; and tools, toolboxes, and automotive maintenance equipment.
Hess Corp. (NYSE:HES), ended its Wednesday’s trading session with -2.92% loss, and closed at $54.88.
The Board of Directors of Hess Corporation (HES) declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2015 to holders of record at the close of business on September 21, 2015.
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway. As of December 31, 2014, it had total proved reserves of 1,431 million barrels of oil equivalent. The company was founded in 1920 and is headquartered in New York, New York.
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