On Wednesday, Shares of Duke Energy Corp (NYSE:DUK), subtract -2.90% and closed at $77.34 in the last trading session. The last trading range of the stock ranges between $77.15 and $79.00. The Sutton Steam Plant in Wilmington ended its service with a bang, another noteworthymilestone in Duke Energy’s campaign to replace older, less-efficient plants with cleaner energy for its customers.
An early-morning implosion on Wednesday brought down the last of three boilers at the plant. The equipment was used to burn coal to make steam, which in turn powered turbines to generate energy for customers across the Carolinas.
The implosion removes the last Duke Energy coal plant in Eastern N.C., and brings to seven the number of coal plants that have been demolished in the Carolinas in the last five years.
Hologic, Inc.(NASDAQ:HOLX) dropped -4.15% and closed at $37.16 in the last trading session. The last trading range of the stock ranges between $36.73 and $39.49. The company’s Market capitalization is $10.33 Billion with the total Outstanding Shares of 277.07 million. Hologic, Inc. (HOLX) declared recently that holders of the 2.00% Convertible Exchange Senior Notes due 2037 (CUSIP No. 436440 AB7) issued November 23, 2010 have the right to surrender their notes for repurchase by the Company. This right is following the put option under the base indenture governing the notes dated December 10, 2007, as supplemented by the second supplemental indenture dated November 23, 2010 (collectively, the indenture).
The put option entitles each holder of the notes to require the Company to repurchase in cash all or part (in principal amounts equal to $1,000 or multiples thereof) of the notes on December 15, 2016 (the put option repurchase date) at a price equal to 100% of the original principal amount of the notes, plus accrued and unpaid interest, if any, upon the terms and subject to the conditions set forth in the indenture and the notes. Unless the Company defaults on the payment, interest on notes surrendered for repurchase will cease to accrue on and after December 15, 2016. As of November 9, 2016, there was $8,436,000 aggregate principal amount of the Notes outstanding.