On Tuesday, Shares of Kroger Co (NYSE:KR), subtract -0.62% and closed at $30.64 in the last trading session. KR stock opened its last trade at $30.86 and after floating in a range of $30.50 to $30.93. The company’s Market capitalization is $28.52 Billion with the total Outstanding Shares of 944.17 million. During the 52-week trading session the minimum price at which share price traded, registered at $28.71 and reached to max level of $42.75. The Earnings per Share of the company stands at $2.12. The Kroger Co. (KR) announced today its family of companies has raised nearly $106,000 from customer and associate contributions to assist Hurricane Matthew relief efforts. Kroger and its subsidiaries have also delivered in-kind contributions of food and water valued at $235,000 to local food banks and Red Cross relief stations, and $52,000 in pet food to animal shelters, in storm-impacted areas. In addition, Kroger has committed to a corporate gift of $50,000 for a total contribution of more than $443,000 to support hurricane relief efforts.
“We are grateful to our customers and associates for their generous support of the Hurricane Matthew relief efforts,” said Jessica Adelman, Kroger’s group vice president of corporate affairs. “Our combined efforts will help our communities recover more quickly in the aftermath of such devastating storms.”
Shares of Northstar Realty Finance Corp (NYSE:NRF), lost 12.90% and closed at $12.90 in the last trading session. NRF stock opened its last trade at $13.10 and after floating in a range of $12.90 to $13.35. The company’s Market capitalization is $2.33 Billion with the total Outstanding Shares of 180.73 million. During the 52-week trading session the minimum price at which share price traded, registered at $8.38 and reached to max level of $21.57. The Earnings per Share of the company stands at $-1.93. NorthStar Asset Management Group Inc. (NSAM), Colony Capital, Inc. (CLNY) and NorthStar Realty Finance Corp. (NRF), today announced the adoption of a best-in-class corporate governance structure for the pro forma combined company, Colony NorthStar, Inc. (“Colony NorthStar”, or the “Company”), and an agreement to amend the terms of the definitive merger agreement announced on June 3, 2016, pursuant to which the three companies will combine to form Colony NorthStar in an all-stock transaction.
Colony NorthStar Best-in-Class Corporate Governance Structure
The amendment to the merger agreement provides for a best-in-class governance structure for Colony NorthStar.
New Independent Directors with Extensive Real Estate and Board Governance Experience. Colony NorthStar’s board will include two new independent directors, Jon A. Fosheim and Douglas Crocker II, who are each highly respected and recognized leaders in the real estate industry.
Board Size to be Reduced. Colony NorthStar’s board will be comprised of 10 directors (a reduction from previously contemplated board size of 13 directors), with five members jointly selected by NSAM and NRF, including Messrs. Fosheim and Crocker, and five members selected by Colony. At the closing of the transaction, eight of the ten directors of the Colony NorthStar board will be independent under NYSE rules, including Colony’s four current independent directors.