On Tuesday, Shares of VimpelCom Ltd (ADR)(NASDAQ:VIP), subtract -2.51% and closed at $3.31 in the last trading session. The last trading range of the stock ranges between $3.30 and $3.40. The company’s Market capitalization is $8.52 Billion with the total Outstanding Shares of 1.76 billion. During the 52-week trading session the minimum price at which share price traded, registered at $2.71 and reached to max level of $4.51. VimpelCom Ltd. provides mobile telecommunications services in Russia, Algeria, Pakistan, Bangladesh, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Italy, Armenia, Georgia, Kyrgyzstan, and Laos. It offers voice, data, and other telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company offers mobile telecommunications services under contract and prepaid plans for both corporate and consumer segments; value added services, counting messaging services, content/infotainment services, data access services, location based services, media, and content delivery channels; national and international roaming services; wireless Internet access; mobile financial services; and mobile bundles. It also provides fixed-line telecommunication services, such as voice, data, and Internet services to corporations, operators, and consumers. In addition, the company sells equipment and accessories; provides specialized customer care services; and offers other data services, such as machine-to-machine, mobile virtual private network, geo-positioning services, fixed mobile convergence, and mobile cloud solutions. As of December 31, 2015, VimpelCom Ltd. owned 1,455 retail mono-brand stores.
CBS Corporation (NYSE:CBS), dropped -0.50% and closed at $55.45 in the last trading session. The last trading range of the stock ranges between $54.96 and $55.82. During the 52-week trading session the minimum price at which share price traded, registered at $41.36 and reached to max level of $58.22. CBS Corp (CBS.N) Chief Executive Leslie Moonves should get five years without interference from Sumner Redstone’s family if the media company is merged with Viacom Inc (VIAB.O), shareholder Mario Gabelli told CNBC on Tuesday.
The Redstone family’s National Amusements Inc holds 80 percent of the voting shares in CBS and Viacom, and has urged the two companies to consider a merger.
“Give him five years,” said Gabelli, who is the second-leading owner of voting shares of both Viacom and CBS after the Redstone family.
“Say I will stay off your case,” he said, referring to Shari Redstone, daughter of the media magnate, who has been taking a more active role in her father’s business interests in the past year.
Both CBS and Viacom have formed independent board committees to consider a merger at the behest of National Amusements, but it is not clear if terms can be reached. National Amusements has said it will not support any other transaction, nor will it give up its controlling interest in the companies.SOURCE REUTER
On the otherhand Avon Products, Inc.(NYSE:AVP), lost -2.60% and closed at $6.00 in the last trading session. The last trading range of the stock ranges between $5.90 and $6.12. The company’s Market capitalization is $2.64 billion with the total Outstanding Shares of 437.02 million. During the 52-week trading session the minimum price at which share price traded, registered at $2.21 and reached to max level of $6.30. Avon Products, Inc. (AVP) will provide a live webcast of its third-quarter 2016 earnings conference call on Thursday, November 3, 2016, at 9:00 a.m. Eastern time.