On Tuesday, Shares of Frontier Communications Corp (NASDAQ:FTR), included 2.28% and shut at $3.59 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $3.52 and $3.60. Frontier Communications Corporation provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company offers residential services, such as fiber-to-the-home and fiber-to-the-node broadband, in addition to traditional copper-based broadband products; and commercial services, counting Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing, data transport services, and optical transport services. It also provides Frontier Secure suite of products for computer security, cloud backup and sharing, identity protection, equipment insurance, and technical support; unified messaging services comprising call forwarding, conference calling, caller identification, voicemail, and call waiting services; long distance network services; and packages of communications services. In addition, the company offers switched access services that facilitate other carriers to use the companys facilities to originate and terminate their local and long distance voice traffic; satellite TV video services; and a range of third-party communications equipment to small, medium, and enterprise business customers.
Shares of Transocean LTD (NYSE:RIG), subtract -1.11% and shut at $11.53 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $11.31 and $11.74. The association’s commercial center capitalization is $4.38 Billion with the general uncommon loads of 365.49 million. Transocean Ltd. (RIG) and Transocean Partners LLC (RIGP) recently declared that Transocean has agreed to increase to 1.20 Transocean shares (from 1.1427 Transocean shares) the consideration for its pending acquisition of each outstanding common unit of Transocean Partners not already owned by Transocean in a share-for-unit merger transaction. Transocean anticipates to issue about 23.8 million shares in the merger.
The transaction is subject to the approval of the holders of Transocean Partners` common units following its limited liability company agreement. As Transocean has already committed to voting its about 21.3 million common units in favor of the merger, a vote in favor of the merger by about 9.9 million (or about 50.1%) of the about 19.7 million common units not held by Transocean will be required to approve the merger. Subject to customary approvals and conditions, counting receipt of approval from Transocean Partners common unitholders, the transaction is expected to close in early December 2016.