On Monday, Houghton Mifflin Harcourt Co (NASDAQ:HMHC)’s shares inclined 0.83% to $26.60.
Scholastic Corporation (SCHL), the global children’s publishing, education and media company, declared it had accomplished the formerly stated sale of its Educational Technology and Services business segment (“EdTech”) to Houghton Mifflin Harcourt Company (HMHC), counting the equity in International Center for Leadership in Education and Tom Snyder Productions, Inc., for $575 million in cash, subject to adjustment. The sale was accomplished following a Stock and Asset Purchase Agreement reached on April 24, 2015, as formerly revealed in a Current Report on Form 8-K filed with the Securities and Exchange Commission. With the completion of the sale, Scholastic will remain focused on growing its core children’s book business, counting school book clubs, book fairs and trade, and the publishing and sale to schools of print and digital instructional materials, both in the US and around the world, with a major presence in Canada, Australia, UK, and Asia.
Scholastic will provide information concerning the sale of the EdTech business, counting unaudited pro forma condensed merged financial information of the Company reflecting the disposition of this business on a Form 8-K to be filed, as required, within four business days of the completion of the sale. Additional information will be issued in connection with the Company’s fourth quarter earnings release and in the Company’s subsequent Annual Report on Form 10-K in July 2015.
Houghton Mifflin Harcourt Company provides education solutions for educational institutions and consumers worldwide. It delivers content, technology, and services to about 50 million students. The company operates in two segments, Education and Trade Publishing.
Enterprise Products Partners L.P. (NYSE:EPD)’s shares dropped -0.93% to $32.12.
Enterprise Products Partners L.P. (EPD) declared it has executed definitive agreements to purchase all of the member interests in EFS Midstream LLC (“EFS Midstream”) from associates of Pioneer Natural Resources Company (“Pioneer”) and Reliance Industries Limited (“Reliance”) for $2.15 billion. The purchase price will be paid in two installments with the first installment of $1.15 billion paid at closing and the final installment of $1.0 billion paid no later than the first anniversary of the closing date.
EFS Midstream provides gas gathering, treating, compression and condensate processing services in the Eagle Ford Shale. The EFS Midstream system comprises about 460 miles of natural gas gathering pipelines, 10 central gathering plants, 780 million cubic feet per day of natural gas treating capacity and 119 thousand barrels per day of condensate stabilization capacity. Under the terms of the agreements, the Pioneer and Reliance joint development will dedicate its Eagle Ford Shale acreage to Enterprise under a 20-year, fixed-fee gathering agreement that comprises a minimum volume requirement for the first seven years. Pioneer and Reliance will also dedicate their Eagle Ford Shale acreage under related 20-year fee-based agreements with Enterprise for natural gas processing, natural gas liquids transportation and fractionation, and for natural gas, processed condensate and crude oil transportation services.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.
At the end of Monday’s trade, Workday Inc (NYSE:WDAY)‘s shares surged 0.23% to $79.10.
Workday Inc (WDAY) declared that some of the world’s most well-known companies, such as The Coca-Cola Company and Dell, have recently selected Workday to assist transform their business to drive future growth. With an industry-leading 97% customer satisfaction rating, Workday now has more than 925 total customers with more than 70% in production.
Workday Human Capital Administration (HCM) highlights comprise:
- Workday continues its leadership position delivering HR applications in the cloud to the world’s largest companies counting The Coca-Cola Company, Dell, Hitachi, Ltd., and ING in The Netherlands.
- Additionally, global industry leaders such as Adobe, eBay, and Sanofi are now live on Workday with successful global deployments.
- With Workday HCM, companies gain a modern technology foundation designed to streamline worldwide operations, support rapid international expansion, and deliver in-the-moment insights about their workforce.
Workday, Inc. provides enterprise cloud applications for finance and human resources in the United States and internationally. It offers applications for customers to manage critical business functions that enable them to optimize their financial and human capital resources.
Palo Alto Networks Inc (NYSE:PANW), ended its Monday’s trading session with 0.50% gain, and closed at $170.34.
Palo Alto Networks Inc (PANW) declared it has attained CirroSecure, a Silicon Valley-based company with a highly differentiated approach to securing Software as a Service (SaaS) applications.
The Palo Alto Networks Enterprise Security Platform provides the industry’s leading ability to safely enable applications and prevent cyber threats from compromising an organization’s data and infrastructure. A key attribute of the platform is the ability to secure high risk, unsanctioned applications by providing superior visibility and control.
The addition of the CirroSecure technology to the Palo Alto Networks platform expands this functionality by providing additional security for SaaS applications such as Box, Dropbox, GitHub, Google Drive, and salesforce.com that are highly collaborative, yet often store some of an organization’s most sensitive data.
Palo Alto Networks, Inc. provides enterprise security platform to enterprises, service providers, and government entities worldwide. Its platform comprises Next-Generation Firewall that delivers application, user, and content visibility and control, in addition to protection against network-based cyber threats; and Threat Intelligence Cloud that offers central intelligence capabilities, in addition to automated delivery of preventative measures against cyber attacks.
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