On Tuesday, Shares of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT), gained 1.23% to $6.56.
Bell Integrator is a global consulting, technology services and IT outsourcing company delivering mission critical solutions that address most complex business and technology needs of large corporations in the finance, telecom, transportation and healthcare industries. Customers comprise carriers, such as VimpelCom (VIP), MTS (MBT), MegaFon (LSE:MFON) and Rostelecom (ROSYY), serving over 600m subscribers daily, top-tier global banks, counting Citibank, Deutsche Bank, Raiffeisen Bank, Societe Generale and others with average capitalization of over $10bn, large transportation and healthcare enterprises.
Bell Integrator, a global consulting, technology services and outsourcing company, recently declared that it has been listed by Software Magazine among its Software 500, a ranking of the world’s 500 largest software and services suppliers, now in its 33rd year. Based on 2014 Software/Software Services revenue, Bell Integrator’s rank is 228, reporting a 12% improvement from prior year data.
The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers, targeting medium to large enterprises, their IT professionals, software developers, and business managers involved in software and services purchasing.
“We are extremely proud to be listed among the 500 Largest Software Companies in the world,” said Eugene Pozdnikov, Managing Director, Bell Integrator USA. “This achievement is further validation of our company’s success in providing high quality software solutions to our customers.”
Mobile TeleSystems PJSC provides telecommunication services in Russia and the Commonwealth of Independent States. It offers a range of mobile and fixed line voice and data telecommunications services, counting data transfer, broadband, pay-TV, and various value-added services, in addition to sells equipment and accessories.
Shares of Masco Corp (NYSE:MAS), declined -0.41% to $28.81, during its last trading session.
Masco Corporation (MAS) declared that its Board of Directors declared a quarterly dividend of $.095 per common share, payable on February 8, 2016, to shareholders of record on January 8, 2016.
Headquartered in Taylor, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands comprises Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders.
Masco Corporation manufactures, distributes, and installs home improvement and building products worldwide. Its Cabinets and Related Products segment provides cabinetry for kitchen, bath, storage, home office, and home entertainment applications; and kitchen countertops, and integrated bathroom vanity and countertop solutions.
Finally, Patriot National, Inc. (NYSE:PN), ended its last trade with - 15.40% loss, and closed at $6.59.
Patriot National, declared that the Company and Steven M. Mariano, the President and Chief Executive Officer of the Company (the “Selling Stockholder”), reached a securities purchase agreement with certain institutional investors, following which the Company will sell an aggregate of 1,666,666 shares of common stock (in the form of 666,666 shares of common stock and a prepaid warrant for 1,000,000 shares of common stock) and warrants to purchase up to an aggregate of 2,083,333 shares of common stock for an aggregate purchase price of about $20 million and the Selling Stockholder will sell an aggregate of 2,500,000 shares of common stock for an aggregate purchase price of about $30 million. The Company and the Selling Stockholder have agreed that the Company will repurchase a number of shares of its common stock owned by the Selling Stockholder equal to 60% of the shares to be issued upon the exercise of the warrants. As part of the transaction, Company, the Selling Stockholder and the purchasers will, on the closing date of the transaction, enter into a registration rights agreement which will be offered the purchasers with customary registration rights.
Steven M. Mariano, President and CEO of Patriot National said, “We appreciate the support of the investors who take partd in our offering and their confidence in our plans for continued strong growth. We plan to maintain a strong balance sheet and to use the proceeds of this offering to finance future growth, counting planned acquisitions. Since we accomplished our IPO, we have accomplished 16 acquisitions that have significantly expanded our carrier relationships, raised our distribution reach and diversified our business beyond workers’ compensation. We have a robust pipeline of acquisition opportunities and with the proceeds of this offering, we are confident that we can continue to make planned acquisitions that will enhance shareholder value. Furthermore, increasing our float through this transaction will create more liquidity, to the benefit of current and potential shareholders.”
On a pro forma basis following this transaction, Steven M. Mariano held 14.7 million shares, or 51% of the Company’s outstanding shares.
Patriot National, Inc., together with its auxiliaries, provides various outsourcing solutions within the workers compensation marketplace for insurance companies, employers, local governments, and reinsurance captives in the United States.
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