Halliburton Co. (NYSE: HAL)�is becoming the king of stock buyback, at least for this week. The oil services giant has announced its preliminary results of the prior modified Dutch auction tender offer that expired on Thursday. Computershare showed that some 100.2 million shares of common stock in Halliburton were validly tendered, including about 28.9 million shares that were tendered through notice of guaranteed delivery.
Halliburton indicated that it now expects to acquire approximately 68 million shares of its common stock in this tender at $48.50 per share. This comes to a total of about $3.3 billion, against a market cap of about $43.7 billion. The preliminary proration factor for the tender offer comes to roughly 67.9%, and the total share count represents 7.4% of Halliburton’s total number issued and outstanding shares.
It was also noted that Halliburton may still repurchase additional shares of its common stock in the future, either in the open market or in privately negotiated transactions. That being said, it cannot repurchase any additional shares until after September 6, 2013, as part of the rules of this tender.
Hot New Stocks To Watch For 2015: Danone SA (DANOY)
Danone SA, incorporated on February 2, 1899, is a France-based company engaged in food processing activities. The Company operates in four business lines, including Fresh Dairy Products, Waters, Baby Nutrition and Medical Nutrition. The Fresh Dairy Products business line�� brands are Danone, Actimel, Activia, Danacol and Vitalinea. The Water business line offers brands, such as Evian, Volvic, Aqua, Bonafont, Font Vella and Lanjaron. The Baby Nutrition business line include Bledina, Gallia, Nutricia, Cow & Gate, Milupa, Mellin and Dumex brands. Medical nutrition business includes Nutricia, Nutrini, Nutrison, Fortimel, FortiCare, Fortisip, Neocate and Infatrini brands. As of December 31, 2009, the Company acquired Danone Clover and a 26.85% interest in Micropharma. In December 2010, the Company and Unimilk announced the finalization of the merger of their Fresh Dairy Product businesses.
In Europe the Company�� main markets are France, Spain, Germany, Italy, the Benelux countries, the United Kingdom, Poland and Russia. The Company�� product Actimel, the probiotic dairy product, if consumed daily, helps to strengthen the organism�� natural defenses. The Waters business line includes activities focused on natural or flavored mineral water and on fruit-flavored or tea drinks, with a positioning concerned with health benefits. The Company�� baby nutrition business line�� activities consist mainly of producing food for newborns and babies (infant milk formula, follow-on milk, and growing up milk). It also offers a diverse range of products for
children aged 6 to 36 months. Specially developed and clinically tested formulas have also been developed for babies suffering from milk protein intolerance. The Medical Nutrition business line develops nutritional products adapted to specific needs, namely those of hospitalized patients, in order to prevent malnutrition and to improve its consumers daily life.
The Company competes with Nestle, PepsiCo, Coca-cola, Abbott, Mead! Johnson and Fresenius.
Advisors' Opinion:- [By Andrew Marder]
Yogurt for breakfast is good. Coffee for breakfast is good. Yogurt-coffee might be crossing a hidden line, though. Thankfully, that's apparently not what�Starbucks (NASDAQ: SBUX ) and Danone� (NASDAQOTH: DANOY ) had in mind when they recently announced a plan to release yogurt together starting in 2014. The companies both get a benefit from the agreement, with Danone using Starbucks to get more exposure in the American market, while Starbucks gets another arrow in its food-quiver.
5 Best Oil Service Stocks To Buy Right Now: Concho Resources Inc. (CXO)
Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, and exploration of producing oil and natural gas properties in the United States. Its operations are focused in the Permian Basin of Southeast New Mexico and West Texas. The company also has acreage positions in the Bakken/Three Forks play in North Dakota. As of December 31, 2010, Concho Resources had estimated proved reserves of 323.5 million barrel of oil equivalent. The company is headquartered in Midland, Texas.
Advisors' Opinion:- [By Robert Rapier]
There are numerous drillers making major investments in the Permian Basin. The list is long, but it includes Occidental Petroleum (NYSE: OXY), Chevron (NYSE: CVX), Devon Energy (NYSE: DVN), Pioneer Natural Resources (NYSE: PXD), Concho Resources (NYSE: CXO), ConocoPhillips (NYSE: COP) and Apache (NYSE: APA).
- [By Laura Brodbeck]
Monday
Earnings Releases Expected: �McKesson�(NYSE: MCK), Concho Resources (NYSE: CXO), Diamondrock Hospitality (NYSE: DRH) Economic Releases Expected: �US Federal budget balance, Indian industrial productionTuesday
5 Best Oil Service Stocks To Buy Right Now: CBOE Holdings Inc.(CBOE)
CBOE Holdings, Inc., through its subsidiaries, operates markets for the execution of transactions in exchange-traded options. The company offers marketplaces for trading of options on individual equities, various market indexes, exchange-traded notes, and exchange-traded funds, as well as futures contracts and cash equities. It has strategic relationships with Standard & Poor's Corporation; Dow Jones & Co.; NASDAQ; and Frank Russell Co. The company was founded in 1973 and is based in Chicago, Illinois.
Advisors' Opinion:- [By Lauren Pollock]
CBOE Holdings Inc.'s(CBOE) third-quarter revenue increased as the largest U.S. options exchange by trading volume was aided by a rise in transaction fees and increased volume. Earnings just topped estimates.
- [By , DividendChannel.com]
Looking at the universe of stocks we cover at Dividend Channel, on May 28 Allstate�(ALL), SunTrust Banks�(STI)�and CBOE Holdings�(CBOE) will all trade ex-dividend for their respective upcoming dividends. Allstate will pay its quarterly dividend of $0.28 on July 1, SunTrust will pay its quarterly dividend of $0.20 on June 16 and CBOE Holdings will pay its quarterly dividend of $0.18 on June 20.
- [By Kaitlyn Kiernan]
The Chicago Board Options Exchange(CBOE)�� Short-Term Volatility Index, which measures expectations for volatility over the next nine days, rose nearly twice as much Monday as the regular Volatility Index, the CBOE�� widely watched 30-day anxiety gauge. That divergence comes as investors prepare for additional fallout in U.S. stocks should military action in Ukraine escalate in the days ahead, but shows that they are less concerned about the longer-term consequences of the crisis.
5 Best Oil Service Stocks To Buy Right Now: Dynamic Materials Corporation(BOOM)
Dynamic Materials Corporation, together with its subsidiaries, provides explosion-welded clad metal plates, oil field perforating equipment and explosives, and welding services worldwide. It operates in three segments: Explosive Metalworking, Oilfield Products, and AMK Welding. The Explosive Metalworking segment primarily manufactures explosion-welded clad metal plates that are used in the construction of heavy and corrosion resistant pressure vessels, and heat exchangers for oil and gas, alternative energy, chemical and petrochemical, hydrometallurgy, aluminum production, shipbuilding, power generation, and industrial refrigeration industries. This segment sells its products through senior management, direct sales personnel, program managers, and independent sales representatives. The Oilfield Products segment engages in the manufacture, marketing, and sale of perforating explosives and associated hardware, as well as seismic explosives for the oil and gas industry. Its p roducts include shaped charges, detonators, detonating cords, bidirectional boosters, and perforating guns for the perforation of oil and gas wells. This segment offers its products through direct selling, licensed distributors, independent sales representatives, and international distribution centers. The AMK Welding segment provides welding, heat treatment, and inspection services primarily to power turbine manufacturers, and commercial and military aircraft engine manufacturers. The company was formerly known as Explosive Fabricators, Inc. and changed its name to Dynamic Materials Corporation in 1994. Dynamic Materials Corporation was founded in 1965 and is headquartered in Boulder, Colorado.
Advisors' Opinion:- [By Chris Hill]
In this installment of Motley Fool Money, our analysts talk about why they're watching Dynamic Materials (NASDAQ: BOOM ) , Gentex (NASDAQ: GNTX ) , and Western Union (NYSE: WU ) .
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