On Wednesday, Shares of General Motors Company (NYSE:GM), lost -0.20% to $35.55.
General Motors reaffirmed its commitment to employees serving in the National Guard and Reserve during a Veterans Day celebration Tuesday where the company was recognized by the U.S. Department of Defense for more than four decades of exemplary support.
“General Motors is setting a high standard for all automobile manufacturers to follow by providing above and beyond support of veterans, many of whom presently serve in the Guard and Reserve,” said Tom Bullock, chief of employer outreach, DoD Office of Employer Support of the Guard and Reserve (ESGR).
GM was the first company to sign a U.S. Department of Defense (DoD) pledge in 1972, promising to continually recognize and support U.S. service members and their families in peacetime and in times of crisis and war.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Shares of Kroger Co (NYSE:KR), declined -0.56% to $37.06, during its last trading session.
The Kroger and Roundy’s, declared a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy’s for $3.60 per share in cash.
The transaction price represents a premium of about 65% to the Roundy’s closing share price on November 10, 2015. The terms of the agreement were unanimously approved by the Boards of Directors of both companies.
Under the terms of the merger agreement, Kroger will commence a tender offer for all of the outstanding shares of Roundy’s common stock. Any shares of Roundy’s common stock not attained in the tender offer will be attained by Kroger in a subsequent merger. The transaction is subject to Roundy’s stockholders tendering at least a majority of the outstanding shares of Roundy’s common stock in the tender offer, certain regulatory approvals, and other customary closing conditions. The transaction is not subject to any financing conditions. Willis Stein & Partners and its associates, holders of about 7% of the outstanding shares of Roundy’s common stock, have agreed to tender their shares. The transaction is predictable to close before the end of the 2015 calendar year. The Merger Agreement contains a thirty (30) day go-shop period, which commences on the date of the Merger Agreement (the “Go-Shop Period”).
The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.
Finally, Shares of Atwood Oceanics, Inc. (NYSE:ATW), ended its last trade with -12.65% loss, and closed at $16.30.
Atwood Oceanics, declared that one of its auxiliaries agreed to an extension and rate adjustment to its existing contract with Noble Energy, Inc. for the ultra-deepwater rig, the Atwood Advantage, effective November 9, 2015. The agreement is to extend the contract for the purposes of a plugging and abandoning four well program in the Gulf of Mexico that has an estimated duration of one hundred and twenty (120) days during the contract term and is anticipated to occur in 2016. This extension adjusts the operating day rate to about $240,000 per day only during the four plug and abandon wells and makes the new contract expiry date about August 2017.
Atwood Oceanics, Inc. is a leading offshore drilling contractor engaged in the drilling and completion of exploratory and developmental wells for the global oil and gas industry. The Company presently owns 11 mobile offshore drilling units and is constructing two ultra-deepwater drillships. The Company was founded in 1968 and is headquartered in Houston, Texas. Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol “ATW.”
Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide. As of November 10, 2014, it owned a fleet of 13 mobile offshore drilling units, in addition to 3 ultra-deepwater drill ships under construction.