GameStop Corp.(NYSE:GME)a family of specialty retail brands that makes the most popular technologies affordable and simple, and Geeknet, Inc. (Nasdaq: GKNT) (“Geeknet”), the parent company of ThinkGeek and ThinkGeek Solutions, recently declared they have reached a definitive agreement under which GameStop will acquire all of the outstanding shares of Geeknet’s common stock for $20.00 per share in cash. The transaction has been approved by the board of directors of both companies and will be accomplished by means of a tender offer. The transaction has a total equity value of about $140 million, counting $37 million of cash and cash equivalents as of March 31, 2015.
GameStop Corp.(NYSE:GME) started its trading session with the price of $ 43.73 and closed at $ 42.77 by scoring -2.88% and traded with total volume of 1.11M shares, while the average trading remained 2.04M shares. During last trade its minimum price was $ 42.76 and it gained the highest price of $ 43.93. Its market capitalization was $ 4.70B.
Pier 1 Imports Inc(NYSE:PIR)declared that its Board of Directors declared a $0.07 per share quarterly cash dividend on the Company’s outstanding shares of common stock. The $0.07 quarterly cash dividend will be paid on August 5, 2015, to shareholders of record on July 22, 2015. As of June 24, 2015, about 88.7 million shares of the Company’s common stock were outstanding.
Pier 1 Imports Inc(NYSE:PIR)showing dropped of -2.88% and closed at $ 12.13, after gaining total volume of 2.95M shares. Its opening price was $ 12.43. Its earnings per share(EPS) is $ 0.82 and its beta value stands at 1.49 points and has total market capitalization of $ 1.11B and a total of 89.00M outstanding shares.
FMC Technologies, Inc.(NYSE:FTI)declared that it has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $297 million in revenue and is in addition to the initial order for Well Clusters 1-2 received in 2014 from BP, the operator of the Shah Deniz Stage 2 project. The Shah Deniz field is located offshore in the Azerbaijan sector of the Caspian Sea, about 100km south of Baku.
FMC Technologies, Inc.(NYSE:FTI) reported the plunge of -2.86 % and closed at $40.80, with the total traded volume of 3.86M shares and opening price was $41.44. During last trade its minimum price was $40.60 and it gained its highest price of $41.65 and has a total of 230.91M outstanding shares and its total market capitalization is $9.70B.
Babcock & Wilcox Co(NYSE:BWC)declared that its Board of Directors has formally approved the spin-off of the Power Generation business creating a new public company.
The Power Generation business will be named Babcock & Wilcox Enterprises, Inc. (“New B&W”), and operate as Babcock & Wilcox. It will be headquartered in Charlotte, N.C.
The remaining company will change its name to BWX Technologies, Inc. (“BWXT”) on the date of the spin-off and will be headquartered in Lynchburg, Va. In approving this transaction, the Board of Directors believes these two companies will benefit from independent administration teams, planned autonomy, and financial flexibility to create noteworthylong-term shareholder value.
Babcock & Wilcox Co(NYSE:BWC) reported decline of -2.85%, after closing price for the day was $ 32.68 and opening at the price of $ 33.26 . Its total trading volume for the day was 2.05M shares, versus its average volume of 858,168.00 shares. Its earnings per share are $0.26.