Share count of the merged firm will be ~780M.
@HAMILTON, Bermuda, Nov. 30, 2015 (GLOBE NEWSWIRE) -- Frontline Ltd. (NYSE/OSE: FRO) ("Frontline") has completed its previously announced merger with Frontline 2012 Ltd. (NOTC: FRNT) ("Frontline 2012"), with Frontline as the surviving legal entity and Frontline 2012 becoming a wholly-owned subsidiary of Frontline. The merger was consummated after close of trading on the Oslo Stock Exchange on November 30, 2015. Trading in the new shares of Frontline issued as merger consideration to former Frontline 2012 shareholders (the "Merger Shares") will commence on the Oslo Stock Exchange on December 1, 2015. Trading in the Merger Shares will begin before delivery of the Merger Shares to eligible Frontline 2012 shareholders' VPS accounts and therefore no account-to-account transactions and no transactions with settlement prior to December 3, 2015 will be allowed in the Merger Shares on the Oslo Stock Exchange in this period. Prior to completion of the merger, Frontline had 198,375,854 common shares outstanding with a par value of USD 1.00 each. Following completion of the merger, Frontline will have up to 781,937,956 common shares outstanding. The exact number of shares outstanding after completion of the merger will depend on rounding for fractions in connection with the issue of merger consideration shares.
Partly funded by a recent secondary offering with the stock trading near a 52 week low. I guess 'No guts no glory' is the CEO's motto huh.
@7:33 am Pembina Pipeline announce approval for a capital program of ~$2.1 billion in 2016 (PBA) : Pembina's 2016 capital spending plan is expected to be allocated as follows: Conventional Pipelines $1.375 bln, Midstream $485 mln, Gas Services $115 mln, Oil Sands and Heavy Oil $115 mln, Other $35 mln. The majority of capital spending will be allocated to the Phase III expansion of the Company's Peace and Northern Pipeline systems ("Phase III Expansion"). In 2016, the Phase III Expansion construction will be focused on building the new 24-inch and 16-inch pipelines in the Fox Creek to Namao corridor, subject to regulatory and environmental approval. Pembina also expects to complete the Vantage pipeline expansion in early 2016 and place it into service by the third quarter of 2016.
SU you can talk the talk but can you walk the walk? It's showtime.
@CALGARY, Alberta, Nov 30 (Reuters) - Canadian Oil Sands shareholders will have an extra month to consider a hostile takeover bid from Suncor Energy Inc but a plan to extend the deadline to February was rejected on Monday.
When does BTC get added to the list?
@The International Monetary Fund (IMF) is expected to announce on Monday that China's currency, the yuan, will join the fund's group of international reserve currencies. Just the US dollar, the euro, Japan's yen and the British pound are currently part of this select band.
ENF.TO is now down 10% from the secondary offer price. Good deal for the company that they managed to do it at the higher price. Also, DRIP now has a 2% discount. Not sure if that applies to US shareholders though.
@Enbridge Income Fund Holdings Inc.announced the closing of its previously announced public offering of common shares of the Company. The Company, through a syndicate of underwriters, issued a total of 21,475,000 Common Shares at a price of $32.60 per Common Share for gross proceeds of $700,085,000. The underwriters have been granted an over-allotment option, exercisable until December 6, 2015, to acquire up to an additional 3,064,877 Common Shares at the Offering Price. Concurrent with closing, Enbridge Inc. subscribed for 5,335,000 Common Shares on a private placement basis at the Offering Price for aggregate proceeds of $173,921,000 to maintain its 19.9% ownership interest in the Company.
@Nov. 25, 2015) - Enbridge Income Fund Holdings Inc. announced today that the TSX has approved the Company's amended DRIP. The DRIP permits the Company to issue from Treasury common shares of the Company for dividends reinvested under the DRIP at a 2% discount from the weighted average trading price of the Common Shares on the TSX for the 5 trading days preceding a dividend payment date.
Oil is flowing. Midstream sector took a dive yesterday. Tax loss selling is presumably kicking into high gear. I will add to my position if ENF.TO tests the 52wk low.
@November 20, 2015 update: Enbridge expects product to arrive in Quebec by the end of November. It is anticipated that the line will be in normal operation, under a voluntary pressure restriction, by the end of 2015. Please be aware that during this time, you may notice an increase in aerial surveillance along the pipeline as we prepare the pipeline to transport product to our customers.
Oh I won't worry. And I am not dictating anything it was merely a suggestion. You can wallow in a cesspool of nonsense if that's your thing. Enjoy..
wow it doesn't take much to get under your skin huh. you really should strive to care less about such trivial matters.
Say what you will, but imo anyone who is not impressed by surface images of another planet tens of million of miles away, however trivial the technological feat may be in the overall complexity of the universe, lacks the the underlying passion of life that defines the human race.
They should change the name from "Black" Friday to "Stupid People Who Waste Hours of Their Lives Standing in Checkout Lines To Accumulate Discounted Material Goods that Will Not Improve Their Happiness and Joy Even One Iota" Friday.
I most certainly do. Do you believe in luck? Do you believe bad luck comes in threes? Do you believe that that you will face bad luck if black cat crosses your path, and that spitting three times when that happens will nullify the black cat jinx? Well if you do, I have just the magic potion for you.
This post is worded poorly. The Kingdom has decided to execute both Shia and Sunnis, to demonstrate that all those involved in terrorism are targeted, regardless of the sect they are aligned to.
I don't see Jan 2018 leaps listed for OLED. Per the Options Industry Council, this series was supposed to be activated as of Nov 16. What gives?
Cycle 3 March June September December
Cycle 3: Monday, November 16th, 2015: January 2018 LEAPS® listed
Go ahead SU, make my day.
@Suncor Energy Inc. urged regulators to strike down Canadian Oil Sands Ltd.’s shareholder rights plan, warning there is a “real and distinct” possibility it won’t extend its $4.5-billion takeover offer past 60 days.
You're certainly not the brightest bulb in the room huh. There was no 20% rise. There was a sharp pullback in response to the GS downgrade and a warning from led competitor OSAGF on future earnings, followed by a quick recovery after the implications of these events on CREE was assessed and deemed irrelevant.
Shareholders in EMC and VMW are demanding changes... or else.
@Trying to shore up Dell deal and boost VMware, EMC says it will keep majority stake in Virtustream
Nov 25, 2015, 10:47am PST The new plan will see EMC assume Virtustream's losses with the majority stake and give VMware a minority stake in Virtustream. According to Re/code, some institutional shareholders want to address the recent 30 percent drop in VMware shares and 9 percent drop in EMC shares by having VMware buy back as much as $3 billion worth of VMware shares. The anonymously named investors also want to adjust the rights and protections attached to a proposed block of VMware tracking shares. “They have to improve the deal, and if they don’t, we’re going to vote against it — and a lot of other people are going to vote against it,” one shareholder told Re/code.
Another breakout here today on NKE, surpassing the 52wk high from Oct 19.
@11/24/2015 | 10:22am
Opinion : Bullish above USD 133.3
Target price : USD 138 Potential: 4.18%
Stop loss: USD 131.9
Nike wins almost 38% ytd, near its October highs (USD 133.5). Regarding the group's fundamental, first we note the increase in sales recorded in the prior year to USD 30 billion (that is to say 10%). Net earnings per share for 2015 also increased by 20% to USD 3.70. The analyst consensus following this share also remains confident with an average target price of USD 141. Graphically, the stock seems able to continue its upward trend thanks to well-oriented moving averages, and will test soon the USD 133.2 medium term resistance. Considering all these encouraging developments, above USD 133.21, a buy signal will be given. The main objective will be the testing the trendline at USD 138. Nevertheless a stop loss will be placed below USD 133.
So all drunks go to hell? What about potheads and other drug addicts... do they get to enter the pearly gates or does the doorman turn them a\way too? I was not aware that one of ten commandments was "thou shalt not imbibe alcoholic beverages or any form of recreational drugs"