On Monday, Shares of 3D Systems Corporation (NYSE:DDD), subtract -0.11% and closed at $17.93 in the last trading session. The last trading range of the stock ranges between $17.72 and $18.27. 3D Systems (DDD) declared recently the launch of Jaw in a Day®, the most recent addition to its VSP® (Virtual Surgical Planning) Reconstruction product line. Facilitated by 3D Systems’ healthcare expertise and proprietary digital-to-physical workflow, this patient-specific process facilitates surgeons to perform a full jaw reconstruction in a single surgery. This groundbreaking capability could spare patients from months of costly, painful and disruptive medical treatment.
Traditional dental rehabilitation requires multiple surgeries and persistent care over a 6-12 month period. This pattern of procedures often results in patients missing teeth, which introduces various adverse aesthetic, functional, and psychological effects to the patient. This can in turn interfere with patients’ working and social lives throughout the course of treatment.
Jaw in a Day is a single surgery jaw and dental reconstruction facilitated via 3D Systems’ VSP Reconstruction service. Surgeons work with 3D Systems engineers who utilize state-of the-art digital CAD/CAM technology to create a personalized surgical plan and design patient-specific surgical guides, models and instruments. These devices are then 3D printed and sterilized for reference and use during the unique procedure. Immediate placement of a provisional dental prosthesis eliminates the need for multiple surgeries, resulting in a complete dental reconstruction months before traditional treatment options.
Targa Resources Corp (NYSE:TRGP), dropped -0.12% and closed at $49.05 in the last trading session. The last trading range of the stock ranges between $48.32 and $49.43. The company’s Market capitalization is $8.13 Billion with the total Outstanding Shares of 166.63 million. Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a partner of Targa Resources Corp. (TRGP), and the Partnership’s partner Targa Resources Partners Finance Corporation declared recently the pricing of an upsized offering of $1.0 billion aggregate principal amount of senior unsecured notes consisting of $500.0 million of senior unsecured notes due 2025 (the “2025 Notes”) and $500.0 million of senior unsecured notes due 2027 (the “2027 Notes”). The 2025 Notes accrue interest at a rate of 5.125 percent per annum and mature on February 1, 2025 and were priced at par. The 2027 Notes accrue interest at a rate of 5.375 percent per annum and mature on February 1, 2027 and were priced at par.
The offering is expected to close on October 6, 2016, subject to customary closing conditions. The Partnership intends to use the net proceeds from the offering, together with cash on hand and borrowings under its senior secured credit facility, if needed, to fund the three formerly declared concurrent cash tender offers (the “Tender Offers”) to purchase for cash, subject to certain conditions, up to a specified aggregate maximum purchase price, apart from accrued interest, of its 5% senior notes due 2018 (the ‘‘2018 Notes’’), 6.625% senior notes due 2020 (the ‘‘2020 Notes’’) and 6.875% Senior Notes due 2021 (the “2021 Notes”). In connection with the upsized offering, the Partnership hereby declares that it has raised the aggregate maximum purchase price for the Tender Offers from $800.0 million to $1.0 billion. The tender offers regarding the 2020 Notes and 2021 Notes are subject to $225.0 million and $325.0 million caps, respectively. Except as described in this press release, all other terms of the Tender Offers remain unchanged.
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), gained 0.06% and closed at $70.50 in the last trading session. The last trading range of the stock ranges between $69.57 and $70.64. During the 52-week trading session the minimum price at which share price traded, registered at $59.71 and reached to max level of $76.10. C.H. Robinson recently declared that it has finalized the acquisition of APC Logistics, a leading provider of freight forwarding and customs brokerage services to over 3,000 customers and suppliers in Australia and New Zealand. The $300 million AUD acquisition expands C.H. Robinson’s global presence and brings additional capabilities and expertise to the company’s portfolio. C.H. Robinson financed the acquisition and related fees and expenses with cash and funds drawn from the company’s existing revolving credit facility. The company anticipates the transaction to be modestly accretive to earnings.
“We are excited that APC Logistics is now part of C.H. Robinson,” said John Wiehoff, Chairman and Chief Executive Officer of C.H. Robinson. “The marketplace response to this acquisition has been extremely positive since the declarement. We welcome APC’s customers and suppliers and our new colleagues to C.H. Robinson.”
“With this acquisition, our customers will have an extraordinary opportunity to benefit from the additional services and scale of C.H. Robinson,” said Tony Considine, Chief Executive Officer of APC Logistics. “I would like to thank all of our employees for their continued dedication to providing excellent service to our customers.”