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Company News For Sept 5, 2018

Zacks Equity Research
With opportunistic acquisition of industrial properties in California, Terreno Realty (TRNO) is poised to capitalize on robust industry fundamentals.
  • Ocean Rig UDW Inc.’s ORIG shares surged 12% following news that Transocean Ltd. RIG will acquire it in a cash and stock deal worth $2.7 billion
  • Shares of Southwestern Energy Co. SWN plunged 5% following news that Flywheel Energy LLC will acquire its Fayetteville Shale E&P and related midstream gathering assets for $1.87 billion
  • Cronos Group Inc. CRON shares jumped 12.9% after the company announced thatit has entered into a new partnership with Ginkgo Bioworks to produce cultured cannabinoids
  • Shares of WPP plc WPP plummeted 8% following a warning from its CEO that profitability of the company would decline in 2018

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