On Thursday, Shares of Metlife Inc (NYSE:MET), added 2.52 % and closed at $47.15 in the last trading session. The last trading range of the stock ranges between $46.52 and $48.15. MetLife, Inc. (MET) recently declared that Brighthouse Financial, Inc. filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (the “SEC”). The filing of the Form 10 is an important step in MetLife’s plan to separate into two independent publicly traded companies. The filing provides information on the strategy and historical financial data of Brighthouse Financial and will be updated with additional information in subsequent amendments as the SEC reviews it.
The Form 10 reflects MetLife’s current plan to initiate the separation of Brighthouse Financial in the form of a spin-off. While MetLife and Brighthouse Financial are presently preparing for a spin-off transaction, the ultimate form and timing of a separation will be influenced by a number of factors, counting regulatory considerations and economic conditions. MetLife continues to evaluate and pursue structural alternatives for the planned separation, counting different forms of spin-off, a public offering of shares in an independent, publicly traded company, or a sale. The first step in the separation transaction is expected to take place in the first half of 2017. In conjunction with the Form 10, MetLife recently filed a Form 8-K with the SEC that includes additional financial information concerning MetLife related to the planned separation.
Harmony Gold Mining Co. (ADR) (NYSE:HMY), dropped -5.36% and closed at $3.00 in the last trading session. The last trading range of the stock ranges between $2.93 and $3.09. The company’s Market capitalization is $1.25 Billion with the total Outstanding Shares of 437.48 Million. Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper, silver, uranium, and molybdenum deposits. It has nine underground operations located on the Witwatersrand Basin; an open-pit mine exploiting the Kraaipan Greenstone Belt; and various other surface operations in South Africa. The company also owns a 50% interest in the Hidden Valley, an open-pit gold and silver mine; the Wafi-Golpu project; and exploration tenements in Papua New Guinea.
Senior Housing Properties Trust (NASDAQ:SNH), lost -1.77% and closed at $22.71 in the last trading session. The last trading range of the stock ranges between $22.70 and $23.29. During the 52-week trading session the minimum price at which share price traded, registered at $13.53 and reached to max level of $23.85. Senior Housing Properties Trust, a real estate investment trust (REIT), mainly invests in senior housing properties in the United States. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. As of September 30, 2005, it owned 184 properties, counting 85 assisted living facilities, 61 skilled nursing facilities, 36 independent living communities, and 2 hospitals. The trust elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code. As a REIT, it would not be subject to federal income tax, if it distributes at least 90% of its REIT taxable income to its shareholders.