On Friday, Shares of Basic Energy Services, Inc (NYSE:BAS), subtract -9.19% and closed at $0.703 in the last trading session. The last trading range of the stock ranges between $0.65 and $0.80. The company’s Market capitalization is $29.16 Billion with the total Outstanding Shares of 42.76 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $0.37 and reached to max level of $5.16. Basic Energy Services, Inc. (BAS) (“Basic” or the “Company”) and certain auxiliaries recently declared that the Company, its secured term loan lenders and secured asset-based revolver lenders (collectively, the “Secured Lenders”), and certain of its unsecured bondholders have taken steps to facilitate the continuation of negotiations regarding a deleveraging transaction.
On September 14, 2016, the Company reached a forbearance agreement with over 81% of the holders of the 7.75% senior notes due 2019 (the “2019 Notes”) with respect to the formerly declared 30-day grace period related to an $18.4 million payment of interest under the 2019 Notes. Under the forbearance agreement, the unsecured noteholders agreed to forbear from exercising their rights and remedies, counting the right to accelerate any indebtedness, through September 28, 2016 in connection with the interest payment default (the “Forbearance Period”). In Addition To, the Company’s Secured Lenders agreed to provide temporary waivers of certain existing and future defaults under the Term Loan and ABL Facility related, in part, to the missed interest payment.
Leucadia National Corp. (NYSE:LUK), remained flat and closed at $19.55 in the last trading session. The last trading range of the stock ranges between $19.45 and $19.74. The company’s Market capitalization is $7.14 Billion with the total Outstanding Shares of 360.39 million. During the 52-week trading session the minimum price at which share price traded, registered at $14.27 and reached to max level of $21.29. FXCM Inc. (FXCM) (“FXCM” or “the Company”), a leading online provider of foreign exchange (FX) trading and related services, declared that FXCM’s systems and operations functioned without material adversity during the GBP Flash Crash. FXCM’s risk committee will continue to closely monitor market movements.
On the otherhand Bank of New York Mellon Corp (NYSE:BK), dropped -0.39% and closed at $40.57 in the last trading session. The last trading range of the stock ranges between $40.35 and $40.97. The company’s Market capitalization is $43.04 Billion with the total Outstanding Shares of 1.07 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $32.20and reached to max level of $44.73. BNY Mellon, a global leader in investment administration and investment services, declared recently that its Board of Directors has elected Elizabeth Robinson, the former Global Treasurer of The Goldman Sachs Group, Inc., as an independent director, effective right away. With the addition of Robinson, BNY Mellon’s Board will have 12 directors, 11 of whom are independent. Robinson will also be included in BNY Mellon’s slate of nominees for election to the Board at the 2017 Annual Meeting of Shareholders.
“We are delighted to welcome Liz to our Board,” said BNY Mellon Chairman and Chief Executive Officer Gerald L. Hassell. “Liz will be a great asset to BNY Mellon as we continue to execute on our planned and regulatory programs.”
Robinson will join the Finance and Risk Committees of BNY Mellon’s Board of Directors.
Robinson, 47, joined Goldman Sachs in 1990 in the Investment Banking Division. She became the Global Treasurer in 2005 and a partner in 2006. As Treasurer, Robinson managed Goldman Sachs’ liquidity risk, balance sheet, and capital, funded the firm’s global businesses and worked with external stakeholders. Robinson stepped down as Treasurer at the end of 2015 and, until August 2016, served as an Advisory Director and a member of the Board of Directors of Goldman Sachs Bank USA.