News Analysis Report: Twenty-First Century Fox Inc (NASDAQ:FOX), Quanta Services Inc (NYSE:PWR)

On Tuesday,Shares of Twenty-First Century Fox Inc (NASDAQ:FOX), added 0.26% and closed at $27.40 in the last trading session. The last trading range of the stock ranges between $26.99 and $27.48. 21st Century Fox America, Inc. (“21CFA”), a wholly-owned partner of Twenty-First Century Fox, Inc. (“21st Century Fox” or the “Company”), recently declared the pricing of an issuance of $850 million in aggregate principal amount of Senior Notes, which will be conducted in two tranches consisting of $450 million of 3.375% Senior Notes due 2026 and $400 million of 4.750% Senior Notes due 2046 (together, the “Senior Notes”). The Senior Notes will be guaranteed by the Company. The closing of the offering is expected to occur on November 18, 2016, subject to satisfaction of customary closing conditions. 21CFA will receive gross proceeds of $848,687,500 from this offering and anticipates to use the net proceeds for general corporate purposes.

The offering will be made in accordance with Rule 144A under the Securities Act of 1933, as amended, to purchasers in the United States and in accordance with Regulation S under the Securities Act to purchasers outside of the United States. The offering of the Senior Notes has not been registered under the Securities Act, and the Senior Notes may not be offered or sold absent registration or an applicable exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Senior Notes. No offer, solicitation or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

Quanta Services Inc (NYSE:PWR), jumped 3.93% and closed at $33.04 in the last trading session. The last trading range of the stock ranges between $32.34 and $33.13. The company’s Market capitalization is $5.06 Billion with the total Outstanding Shares of 144.55 million. Quanta Services, Inc. (PWR) recently declared that company administration will present at the Baird 2016 Global Industrial Conference to be held November 8-10, 2016, in Chicago. Duke Austin, chief executive officer and Derrick Jensen, chief financial officer, will present at the Baird 2016 Global Industrial Conference on Wednesday, November 9, 2016, at 2:30 p.m. Central time.

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