On Friday, Shares of Summit Materials Inc (NYSE:SUM), subtract -2.78% and closed at $18.55 in the last trading session. The last trading range of the stock ranges between $18.42 and $19.16. Summit Materials, Inc., through its auxiliaries, produces and sells construction materials and related downstream products. Its products include crushed stone, construction sand and gravel, cement and ready-mixed concrete, asphalt paving mixes, granite and trap rock, and limestone and concrete products. The company also provides paving and related services to the construction industry. In addition, it operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal operations.
Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH), jumped 6.96% and closed at $22.74 in the last trading session. The last trading range of the stock ranges between $21.84 and $22.84. The company’s Market capitalization is $5.64 Billion with the total Outstanding Shares of 231.70 million. Cheniere Energy Partners LP Holdings, LLC (“Cheniere Partners Holdings”) (NYSE MKT: CQH) declared recently that its board of directors has received a proposal from Cheniere Energy, Inc. (“Cheniere”) (NYSE MKT: LNG) following which Cheniere would acquire the publicly held shares of Cheniere Partners Holdings not already owned by Cheniere in a stock for stock exchange. Subject to negotiation and execution of a definitive agreement, Cheniere is proposing consideration of 0.5049 Cheniere shares for each issued and outstanding publicly-held share of Cheniere Partners Holdings as part of a transaction that would be structured as a merger of Cheniere Partners Holdings with a wholly-owned partner of Cheniere. The projected consideration represents a value of $21.90 per common share of Cheniere Partners Holdings, or a premium of about 3.0% over the closing price of Cheniere Partners Holdings’ shares, based on the closing prices of Cheniere Partners Holdings’ shares and of Cheniere’s shares as of September 29, 2016, or a premium of about 7.0% over the 30-trading day average CQH / LNG exchange ratio as of September 29, 2016.
Cheniere owns 80.1% of the issued and outstanding shares of Cheniere Partners Holdings.
The projected transaction is subject to the negotiation and execution of a definitive agreement and approval of such definitive agreement and transactions contemplated thereunder by the board of directors of Cheniere, the board of directors of Cheniere Partners Holdings and a conflicts committee established by the board of directors of Cheniere Partners Holdings, and the consummation of the projected transaction would be subject to customary closing conditions. There can be no assurance that any such approvals will be forthcoming, that a definitive agreement will be executed or that any transaction will be consummated.
BRF SA (ADR)(NYSE:BRFS), jumped 1.76% and closed at $17.06 in the last trading session. The last trading range of the stock ranges between $16.80 and $17.16. During the 52-week trading session the minimum price at which share price traded, registered at $11.05 and reached to max level of $18.33.BRF S.A., together with its auxiliaries, focuses on raising, producing, and slaughtering poultry and pork in Brazil. It also engages in processing and selling fresh meat, processed foods, pasta, sauce, mayonnaise, frozen vegetables and soybean by-products. Its product portfolio consists of whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, sauces and mayonnaise; and soy meal and refined soy flour, and animal feed. The company mainly sells its products under the Sadia, Perdigão, and Qualy brands, in addition to Deline, Hot Pocket, Soltíssimo, Miss Daisy, Chester, Ouro, Na Brasa, Meu Menu, Sanduba, Mini Chicken, Perdix, Borella, Hilal, Unef, Confidence, Paty, Danica, Vienissima, GoodMark, Delicia, and Manty brands to supermarkets, retail stores, wholesalers, restaurants, and other institutional customers. BRF S.A. exports its products to the Middle East, Africa, Asia, Europe, and Latin America.