On Wednesday, Shares of Williams Partners L.P. (NYSE:WPZ), surged 22.70% to $58.16, after its parent company Williams Companies (WMB) declared plans to purchase its partner in an all stock deal valued at about $13.8 billion.
The energy infrastructure company stated that the acquisition will add $5.4 billion in earnings to its balance sheet in 2016.
“We continue to see an expanding portfolio of projects to connect the best supplies of natural gas and natural gas products to the best markets. The lower cost of capital and improved tax benefits predictable from this transaction enhance our confidence in extending the duration of our predictable 10 percent to 15 percent dividend growth rate through 2020,” said CEO Alan Armstrong.
Williams Partners L.P., an energy infrastructure company, focuses on connecting North America’s hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments.
Shares of Investors Bancorp Inc. (NASDAQ:ISBC), inclined 0.67% to $12.09, during its last trading session, hitting its highest level.
Investors Bancorp, stated net income of $41.9 million for the three months ended March 31, 2015 contrast to net income of $34.4 million for the three months ended March 31, 2014. Basic and diluted earnings per share were $0.12 for the three months ended March 31, 2015, as contrast to basic and diluted earnings per share of $0.10 for the three months ended March 31, 2014.
The Company declared that the Board of Directors declared a cash dividend of $0.05 per share to stockholders of record as of May 11, 2015, payable on May 25, 2015.
Investors Bancorp, Inc. operates as the holding company for Investors Bank that provides various banking products and services for businesses and individuals in the United States. It offers deposit products, such as savings, checking, and money market accounts, in addition to certificates of deposit.
At the end of Wednesday’s trade, Shares of Eldorado Gold Corporation (NYSE:EGO), gained 0.58% to $5.19.
Eldorado Gold Corporation, in accordance with Toronto Stock Exchange requirements, declared the voting results for the election of its Board of Directors at the Company’s Annual Meeting of Shareholders held on April 30, 2015 in Vancouver, British Columbia. The director nominees as listed in the Administration Proxy Circular dated March 17, 2015 were elected as directors of Eldorado at the meeting.
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores.
Finally, Castlight Health, Inc. (NYSE:CSLT), ended its last trade with 10.35% gain, and closed at $9.06.
Senior business and healthcare decision makers will gather in Chicago on June 2, 2015, to kick off the Second Annual Enterprise Healthcare Summit, an invitation-only, executive-level event series presenting enterprise healthcare administration (EHM) strategies for reducing rising costs and improving healthcare outcomes.
Healthcare spending is quickly becoming a top organizational expense and administration priority. Existing and potential Fortune 500 customers; thought leaders counting Arianna Huffington, Condoleezza Rice and Meredith Vieira; and technology experts from Castlight, Gartner and Constellation Research will gather to learn from U.S. enterprises who are successfully deploying integrated, data-driven solutions to fix the broken enterprise healthcare system and turn employer-sponsored healthcare from an uncontrolled cost to a planned, competitive advantage.
Castlight Health, Inc. provides cloud-based software in the United States. Its software enables enterprises to understand and manage health care spending. It offers Enterprise Healthcare Cloud that transforms external and internal complex data into transparent and useful information.
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