On Friday, Shares of Prologis Inc (NYSE:PLD), gained 0.83% to $43.60.
Prologis, declared the expiration and final results of the formerly declared cash tender offer (the “Tender Offer”) by its operating partner, Prologis, L.P. (“Prologis”) and its indirect wholly owned partner, Prologis (the “Trust”), to purchase the series of notes listed in the table below (the “Notes”) in connection with the Tender Offer for the maximum aggregate principal amount of the Notes that it can purchase for $300 million, counting accrued but unpaid interest (“Accrued Interest”) but not taking into account fees and expenses (the “Maximum Tender Amount”). As of 11:59 pm, New York City (NYC) time, on November 24, 2015 (the “Tender Expiration Time”), the aggregate principal amount of the Notes validly tendered and not validly withdrawn was about $246 million, as stated by the depositary. The table below sets forth the aggregate principal amount of each series of the Notes that was validly tendered and not validly withdrawn at or priority to the Tender Expiration Time, as stated by the depositary, in addition to the approximate aggregate principal amount of each series of the Notes accepted by Prologis for purchase.
The Tender Offer was made following the Offer to Purchase, dated October 27, 2015 (the “Offer to Purchase”) and the related Letter of Transmittal.
The amount of each series of the Notes that was accepted for purchase in the Tender Offer was based on the Maximum Tender Amount. The aggregate consideration for the Notes accepted for purchase is predictable to be about $289 million, counting Accrued Interest.
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties.
Shares of Capital One Financial Corp. (NYSE:COF), declined -0.09% to $79.00, during its last trading session.
Capital One Canada and Prosper Canada declared they are launching an innovative financial coaching pilot project to develop and test different approaches to financially empower Canadians living on low incomes. The pilot will examine the efficacy of integrating financial coaching into existing social services, using trained community organization staff that will assist clients with low incomes set and attain personal financial aims and adopt financial behaviours that promote long-term financial security.
“Congratulations to Capital One and Prosper Canada for coming together to assist address the financial literacy needs of low-income Canadians,” said Jane Rooney , Canada’s Financial Literacy Leader. “We know that, to be effective, financial literacy efforts need to meet people where they are, which is what this initiative does when they are accessing social services.”
Financial coaching is a proven intervention that assists individuals to achieve their financial aims through trained coaches who meet with participants in one-on-one sessions to talk about their finances. Over the next two years, Prosper Canada will develop, pilot and evaluate financial coaching program methods, tools and resources in partnership with three community-based organizations that will provide one-on-one coaching to 380 clients living on low incomes.
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
Finally, Shares of Seagate Technology PLC (NASDAQ:STX), ended its last trade with 0.14% gain, and closed at $34.62.
Seagate Technology plc, introduced Cluster Stor L300, the newest and highest performing version of its Cluster Stor Lustre® storage architecture. The L300 integrates with Seagate’s new 3.5-inch Cluster Stor HPC drive specifically designed for the high-performance computing market, establishing the company’s commitment to full HPC solutions.
The L300 delivers up to 112 gigabytes-per-second (GB/sec) throughput per rack when integrated with Seagate’s Cluster Stor HPC drives, a performance improvement of 77 percent contrast to previous Cluster Stor systems. This level of performance density per rack unit assists customers reduce data center space, power and cooling costs while simplifying administration and equipment requirements. Additionally, the solution optimizes random and sequential I/O workloads across the entire storage cluster, improving workflow productivity.
Seagate is also introducing its Cluster Stor HPC Drive, which can be integrated with the ClusterStor L300 for extra high-performing storage in big data environments. The ClusterStor HPC Drive alone supports up to four terabytes in a single drive slot with the highest sequential data rate of any hard disk drive on the market at 300 megabytes-per-second. It produces 35 percent faster random performance than any other 3.5-inch drive, and is backed by a Mean Time Between Failures (MTBF) of two million hours, making it ideal for the data ingest, access and reliability needs in recently’s toughest HPC environments.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. It provides hard disk drives, solid state hybrid drives, solid state drives, PCIe cards, and serial advanced technology architecture controllers that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, digital media systems, and surveillance systems.