On Friday, Shares of XL Group Ltd. (NYSE:XL), added 2.35% and closed at $33.99 in the last trading session. The last trading range of the stock ranges between $33.33 and $34.41. The company’s Market capitalization is $9.35 Billion with the total Outstanding Shares of 274.97 million. XL Group Ltd (“XL” or the “Company”) (XL) declared recently that it intends to release its Third Quarter 2016 results after the close of regular stock market trading hours on Wednesday, October 26, 2016. A conference call to discuss the Company’s results will be held at 5:00 p.m. Eastern Time on October 26, 2016.
The Company also noted recently that, based on preliminary results stated to XL from the underlying investments for the three months ended September 30, 2016, equity in net income from investment and operating associates is estimated to be about $24 million. For purposes of XL’s quarterly and annual reports, the Company generally records its results from hedge fund associates on a one-month lag and its results from private investment fund associates and operating associates on a three-month lag.
Superior Energy Services, Inc. (NYSE:SPN), dropped -2.18% and closed at $18.36 in the last trading session. The last trading range of the stock ranges between $18.19 and $18.89. The company’s Market capitalization is $2.72 Billion with the total Outstanding Shares of 151.70 million. During the 52-week trading session the minimum price at which share price traded, registered at $8.25 and reached to max level of $19.83. Superior Energy Services, Inc. provides specialized oilfield services and equipment to crude oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. It operates through four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. The Drilling Products and Services segment rents tubulars, counting primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and manufactures and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, in addition to rents temporary onshore and offshore accommodation modules and accessories. The Onshore Completion and Workover Services segment offers pressure pumping services comprising hydraulic fracturing and high pressure pumping services used to complete and stimulate production in new oil and gas wells; fluid administration services used to obtain, move, store, and dispose of fluids that are involved in the exploration, development, and production of oil and gas reservoirs; and workover services consisting of installations, completions, and sidetracking of wells, in addition to support for perforating operations.
On the otherhand Infoblox Inc (NYSE:BLOX), dropped -0.04% and closed at $26.32 in the last trading session. The last trading range of the stock ranges between $26.29 and $26.38. During the 52-week trading session the minimum price at which share price traded, registered at $13.22 and reached to max level of $26.41. Infoblox Inc. (BLOX) (“Infoblox” or the “Company”) and Vista Equity Partners (“Vista”) recently declared that Vista’s associate, India Merger Sub, Inc., has begind the formerly-declared tender offer for all of the outstanding shares of common stock of the Company at a price of $26.50 per share, net to the seller in cash without interest.
On September 19, 2016, Infoblox and Vista declared that the Company and associates of Vista had reached a definitive merger agreement following which the tender offer would be made. Infoblox’s Board of Directors unanimously approved the merger agreement and the transactions contemplated thereby, counting the tender offer and the merger, and recommends that Infoblox’s stockholders tender their shares in the tender offer.
India Merger Sub, Inc. and its parent company, Delta Holdco, LLC, are associated with Vista. Following the merger agreement, after completion of the tender offer and the satisfaction or waiver of certain conditions, the Company will merge with India Merger Sub, Inc., with Infoblox continuing as the surviving corporation (the “Surviving Corporation”), under Section 251(h) of the Delaware General Corporation Law, without any action by any other stockholder of the Company. All outstanding shares of Infoblox’s common stock (other than shares owned by Delta Holdco, LLC, India Merger Sub, Inc. or the Company, any wholly-owned partner of Delta Holdco, LLC, India Merger Sub, Inc. or the Company, or by any stockholder of the Company who or which is entitled to and properly demands and perfects appraisal of such shares following, and complies in all respects with, the applicable provisions of Delaware law) will be automatically cancelled and converted in the merger into the right to receive cash equal to the $26.50 offer price per share, without interest.