On Monday, Shares of First Data Corp (NYSE:FDC), added 0.99% and closed at $13.29 in the last trading session. The last trading range of the stock ranges between $13.04 and $13.41. DirectCash Payments Inc. (“DCPayments” or the “Company”) is happy to declare it has reached a contract with First Data Corporation (“First Data”) (FDC) to purchase all of First Data’s Australian retail ATM and managed services ATM portfolio, comprising about 3,500 ATMs in the Australian market. The total purchase price for the attained assets of First Data is about A$55 million, counting working capital and normal course purchase price adjustments (the “Acquisition”).
First Data is a global leader in commerce-enabling technology. First Data’s ATM assets add a highly planned complementary capability and diversification to the Company’s existing Australian business. The Board of Directors of DCPayments unanimously approved the Acquisition, which closed September 30, 2016. The acquisition was funded with bridge loan financing by Bank of Montreal.
DCPayments believes the integration of First Data’s Australian ATM managed services portfolio will position the Company to continue its diversification in this market as an independent provider of financial transaction processing.
Steel Dynamics, Inc. (NASDAQ:STLD), dropped -1.76% and closed at $24.55 in the last trading session. The last trading range of the stock ranges between $24.35 and $25.00. The company’s Market capitalization is $5.96 Billion with the total Outstanding Shares of 243.76 Million. Steel Dynamics, Inc., together with its auxiliaries, manufactures and sells steel products; processes and sells recycled ferrous and nonferrous metals; and fabricates and sells steel joist and deck products in the United States and internationally. The company operates through Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations segments. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; angles, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections. This segment offers its products for automotive, construction, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, administration, marketing, brokerage, and consulting services related to the scrap industry. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel decks mainly for the non-residential construction industry.
Ascena Retail Group Inc (NASDAQ:ASNA), gained 0.54% and closed at $5.62 in the last trading session. The last trading range of the stock ranges between $5.58 and $5.74. During the 52-week trading session the minimum price at which share price traded, registered at $5.33 and reached to max level of $14.76. Ascena Retail Group, Inc., through its auxiliaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, counting apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics, bedroom furnishings, and electronics; and wear-to-work, casual sportswear, footwear, and social occasion apparel. The company also offers casual clothing, career wear, dressy apparel, and active wear, in addition to special occasion and classic apparel. Its principal brands comprise ANN TAYLOR, LOFT, ANN TAYLOR LOFT, LOU & GREY, JUSTICE, LANE BRYANT, LANE BRYANT OUTLET, CACIQUE, RIGHT FIT, MAURICES, DRESSBARN, CATHERINES, CATHERINES PLUS SIZES, MAGGIE BARNES, LIZ&ME, SERENADA, DRESSBAR, 6th & LANE, and MAURICES IN MOTION. As of July 30, 2016, the company operated about 4,900 stores. It also offers its products through its Websites, counting anntaylor.com, LOFT.com, louandgrey.com, shopjustice.com, lanebryant.com, cacique.com, maurices.com, dressbarn.com, and catherines.com.