On Tuesday, Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), saubtract -4.97% and closed at $6.50 in the last trading session. The last trading range of the stock ranges between $6.38 and $6.84. The company’s Market capitalization is $5.90 Billion with the total Outstanding Shares of 895.00 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.75 and reached to max level of $8.00. AMD ( NASDAQ : AMD ) recently declared the final results and expiration of its formerly declared cash tender offers for certain of its outstanding 6.75% Senior Notes due 2019, 7.75% Senior Notes due 2020 (the “7.75% Notes”), 7.50% Senior Notes due 2022 and 7.00% Senior Notes due 2024 (the “7.00% Notes” and, collectively, the “Notes”), subject to any applicable tender cap.
According to information received from D.F. King & Co., Inc., the Tender Agent and Information Agent in connection with the tender offers, as of 12:00 midnight, New York City time, on Oct. 6, 2016 (that date and time, the “Expiration Date”), AMD had received valid tenders from holders of the Notes as outlined in the table below. The aggregate principal amount of Notes accepted for purchase has not changed since the early tender and consent deadline of Sept. 22, 2016 (the “Early Tender Date”).
All Notes validly tendered and not validly withdrawn following the tender offers at or before the Early Tender Date were subject to proration and settled by AMD on Sept. 23, 2016 (the “Early Settlement Date”). On Sept. 23, 2016, AMD also declared that it reduced the aggregate maximum tender amount from $1,035 million to $848 million, such that AMD would only offer to purchase Notes in the tender offers for up to $848 million aggregate total consideration. As a result of the aggregate maximum tender amount having been met at the Early Settlement Date, AMD will not be accepting for purchase any Notes tendered after the Early Tender Date. Notes tendered and not accepted for purchase will be promptly returned or credited to the applicable holders’ account.
Starbucks Corporation (NASDAQ:SBUX), dropped -0.71% and closed at $52.92 in the last trading session. The last trading range of the stock ranges between $52.74 and $53.40. The company’s Market capitalization is $77.38 Billion with the total Outstanding Shares of 1.47 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $52.63 and reached to max level of $64.00. Starbucks (SBUX) recently opened its first store in Englewood in the South Side of Chicago at 63rd and Halsted. The store is part of Starbucks nationwide program to support local economic development in at least 15 diverse, low- to- medium-income communities by 2018. Three such locations have already opened in Ferguson, Phoenix and the Jamaica neighborhood of Queens, NY. Similar to those stores, the new location in Englewood will support efforts to revitalize the community by creating meaningful local jobs, providing an exclusive in-store job skills training program for youth, and investing in local minority-owned contractors and suppliers. Starbucks also declared plans to expand the national program to five new communities in 2017, counting neighborhoods in the Baltimore, Birmingham, Long Beach, CA, Miami, and Seattle areas.
“While communities like Englewood have been plagued by crime, poverty, and a severe lack of opportunity, there is in fact a long-term movement underway to revitalize these neighborhoods and return the story to one of hope, resilience and progress,” said Rodney Hines, director for community investments for Starbucks U.S. Retail Operations. “Our aim with this program is to show that when the private and public sectors come together to drive meaningful investment, we can create new jobs and economic opportunities that have the potential to reverberate for generations to come. Opening in Englewood is not just an opportunity to grow our business, but to be part of a local solution for social change.”
For Starbucks, the new store in Englewood and others like it form a key part of the company’s long-term commitment to connect opportunity youth – 16-24 year olds who are out of work and school – to jobs. Nationally, 1 in 7 young people are disconnected from the economy, a challenge that is exponentially worse in low-income communities, particularly among people of color. In Englewood, where an estimated 72% of people ages 20-24 are unemployed1, Starbucks plans to work with local community groups and civic leaders to provide a pathway to opportunity for its local partners (employees) through training and development, career options, and industry-leading benefits that include the opportunity to get an online, tuition-free bachelor’s degree from Arizona State University through the Starbucks College Achievement Plan.