Stocks on the Move: Metlife Inc (NYSE:MET), Vanguard Natural Resources, LLC (NASDAQ:VNR), Huntsman Corporation (NYSE:HUN)

On Wednesday, Shares of Metlife Inc (NYSE:MET), added 2.50% and closed at $45.99 in the last trading session. The last trading range of the stock ranges between $45.04 and $46.18. The company’s Market capitalization is $51.11 Billion with the total Outstanding Shares of 1.10 Billion. 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.

Vanguard Natural Resources, LLC (NASDAQ:VNR), jumped 20.21% and closed at $0.622 in the last trading session. The last trading range of the stock ranges between $0.52 and $0.64. The company’s Market capitalization is $49.99 million with the total Outstanding Shares of 131.04 million. Vanguard Natural Resources, LLC (VNR) (“Vanguard” or “the Company”) declared recently that it has elected not to make the about $15 million semi-annual interest payment due on October 3, 2016 on about $381.8 million in aggregate principal amount of 7.785% of Senior Notes due 2020 (the “Notes”).Vanguard made the decision to take advantage of the applicable grace period under the indenture governing the Notes following negotiations with Vanguard’s lenders (“First Lien Lenders”) under its first lien credit facility (the “Credit Facility”).  The First Lien Lenders consented to the Company’s decision to preserve liquidity and flexibility pending the outcome of the fall borrowing base redetermination on the Credit Facility and as the Company continues to engage in constructive dialogue with new potential capital sources.  In connection with this decision regarding the interest payment on the Notes, the Company and the First Lien Lenders reached a waiver under the Credit Facility which allowed the Company to use the grace period offered under the Notes without triggering an event of default under the Credit Agreement.

Huntsman Corporation (NYSE:HUN), gained 3.54% and closed at $16.39 in the last trading session. The last trading range of the stock ranges between $15.90 and $16.41. During the 52-week trading session the minimum price at which share price traded, registered at $7.45 and reached to max level of $18.12. Huntsman Corporation (HUN) recently published its most recent corporate sustainability report titled, “The Power of Less: Energy Conservation & Efficiency in the Value Chain,” on its web site.

“The Power of Less” explores the many ways the company actively works to conserve and become more efficient in its own use of energy while creating products and technologies that assist consumers do the same – from light-weighting cars and airplanes for greater fuel efficiency to developing construction materials that make buildings and homes more energy efficient.

Population growth and urbanization, and the strain on natural resources that results, are megatrends that make energy use central to Huntsman’s sustainability efforts.  The company is committed to finding solutions to assist balance society’s need for energy with the need to minimize consumption and its effect on the planet.

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