Stocks in the News: Five Star Quality Care, Inc. (NASDAQ:FVE), DENTSPLY SIRONA Inc (NASDAQ:XRAY), DTE Energy Co (NYSE:DTE)

On Monday, Shares of Five Star Quality Care, Inc. (NASDAQ:FVE), added 39.27% and closed at $2.66 in the last trading session. The last trading range of the stock ranges between $2.29 and $2.87. the Board of Directors of Five Star Quality Care, Inc. (FVE), acting by a special committee, granted ABP Acquisition LLC a conditional exemption from certain Five Star bylaw and charter restrictions applicable to certain ownership limitations of not more than 5% and 9.8% of Five Star’s shares of common stock, respectively. Five Star understands that ABP Acquisition LLC intends to make a tender offer for up to 10,000,000 shares at $3.00 per share. ABP Acquisition LLC is associated with Mr. Barry Portnoy, a Managing Director of Five Star, and with the controlling shareholders of The RMR Group Inc. (RMR) and its partner The RMR Group LLC, Five Star’s business manager.

A Special Committee of Five Star’s Board of Directors composed of all of Five Star’s Independent Directors negotiated and approved a Consent, Standstill, Registration Rights and Lock-Up Agreement with ABP Acquisition LLC, following which the Five Star shares ABP Acquisition LLC may acquire in the tender offer will be subject to standstill and lockup restrictions for extended periods. The Board acting by this Special Committee intends to express no opinion to the Company’s shareholders with respect to the tender offer as it believes the decision as to whether to tender Five Star shares is a personal decision which should be made by shareholders based upon their personal circumstances. Five Star’s Board suggests that each shareholder should review the tender offer and all related information, when available, consult with such holder’s financial and tax advisors and make an independent determination.

DENTSPLY SIRONA Inc (NASDAQ:XRAY), dropped -0.66% and closed at $59.04 in the last trading session. The last trading range of the stock ranges between $58.60 and $59.67. The company’s Market capitalization is $13.83 Billion with the total Outstanding Shares of 233.01 Billion. Dentsply Sirona is the world`s leading manufacturer of professional dental products and technologies, with a 130-year history of innovation and service to the dental industry and patients worldwide.  Dentsply Sirona develops, manufactures, and markets a comprehensive solutions offering counting dental and oral health products in addition to other consumable medical devices under a strong portfolio of world class brands.  As The Dental Solutions Company(TM), Dentsply Sirona`s products provide innovative, high-quality and effective solutions to advance patient care and deliver better, safer and faster dentistry.  Dentsply Sirona`s global headquarters is located in York, Pennsylvania, and the international headquarters is based in Salzburg, Austria. The company`s shares are listed in the United States on NASDAQ under the symbol XRAY.

DTE Energy Co (NYSE:DTE), lost -0.89% and closed at $92.84 in the last trading session. The last trading range of the stock ranges between $91.87 and $93.57. During the 52-week trading session the minimum price at which share price traded, registered at $77.35 and reached to max level of $100.45. DTE Energy Company (“DTE”) declared recently that it has priced its offering of 12 million equity units.

Each equity unit will be issued in a stated amount of $50 ($600 million aggregate stated amount) and will consist of a contract to purchase common stock in the future and a 1/20, or 5%, undivided beneficial ownership interest in DTE’s 2016 Series C remarketable senior notes due 2024 having a principal amount of $1,000. The remarketable senior notes are subject to remarketing to begin no earlier than June 27, 2019. The offering is expected to close on or about Oct. 5, 2016, subject to customary closing conditions.

Total annual distribution on the equity units will be at the rate of 6.50 percent, consisting of interest on the 2016 Series C remarketable senior notes and payments under the related stock purchase contracts. The reference price for the equity units is $93.05 per share. The threshold appreciation price for the equity units is $116.31 per share, which represents a premium of about 25 percent over the reference price. Under the purchase contract, holders will be required to purchase a variable number of shares of DTE Energy common stock no later than Oct. 1, 2019.

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