On Wednesday, Shares of Activision Blizzard, Inc. (NASDAQ:ATVI), added 1.00% and closed at $43.33 in the last trading session. The last trading range of the stock ranges between $42.70 and $43.40. The company’s Market capitalization is $31.47 Billion with the total Outstanding Shares of 741.47 million. During the 52-week trading session the minimum price at which share price traded, registered at $26.49 and reached to max level of $45.12. Activision Blizzard, Inc., a member of the S&P 500, is the world’s most successful standalone interactive entertainment company. We delight nearly 500 million monthly active users around the world through franchises including Activision’s Call of Duty®, Destiny and Skylanders®, Blizzard Entertainment’s World of Warcraft®, StarCraft®, Diablo®, Hearthstone®: Heroes of Warcraft™ and Overwatch®, and King’s Candy Crush™, Pet Rescue™ and Farm Heroes™. The company is one of the Fortune “100 Best Companies To Work For®”. Headquartered in Santa Monica, California, Activision Blizzard has operations throughout the world, and its games are played in 196 countries.
KKR & Co. L.P. (NYSE:KKR), dropped -1.69% and closed at $14.00 in the last trading session. The last trading range of the stock ranges between $13.97 and $14.25. The company’s Market capitalization is $11.15 Billion with the total Outstanding Shares of 446.20 million. During the 52-week trading session the minimum price at which share price traded, registered at $10.89 and reached to max level of $19.20. KKR & Co LP’s ill-fated takeover of a Brazilian data center provider has embroiled the private equity firm in a battle with the sellers in the deal as well as a key lender as it struggles to unwind the transaction on its own terms.
KKR’s first-ever direct investment in Brazil, which entered its deep recession the year the takeover closed, underlines the hazards of acquisitions in Latin America’s largest economy, especially for foreign investors less familiar with its workings.
The showdown over Sao Paulo-based Aceco TI has KKR accusing its former owners of concealing bribery and accounting fraud at the time of the 2014 sale. Pending the outcome of that dispute, Auckland, the holding company through which KKR acquired Aceco, has also halted payments on the bank loans that financed the deal, infuriating key lender Banco Bradesco, people familiar with the dispute said.
While KKR blames the alleged wrongdoing for a slump in Aceco’s revenues and profits since the takeover, the sellers – rival private equity firm General Atlantic and Aceco’s founding Nitzan family – claim the problem was mismanagement and bad timing.source reuter
Marathon Petroleum Corp (NYSE:MPC), lost -0.71% and closed at $41.66 in the last trading session. The last trading range of the stock ranges between $40.95 and $41.99. During the 52-week trading session the minimum price at which share price traded, registered at $29.24 and reached to max level of $59.99. MPLX LP (MPLX) today announced that its newly constructed Cornerstone Pipeline is now fully operational.
“Cornerstone is a state-of-the-art pipeline that adds superior safety, reliability and economics to existing transportation alternatives,” said MPLX Chairman and CEO Gary R. Heminger. “As the first Utica shale liquids pipeline, Cornerstone is the initial step in MPLX`s plan to provide better connectivity to the basin, which creates another condensate and natural gas liquids (NGL) transportation and marketing option for Marcellus and Utica producers and benefits end users.”
The new 50-mile pipeline is designed to transport condensate and natural gasoline in a batched system from origination facilities in Harrison County, Ohio, to a tank farm in East Sparta, Ohio, where it can then continue on to Marathon Petroleum Corporation`s (MPC) 93,000-barrels-per-day refinery in Canton, Ohio. MPLX is currently constructing and expanding additional pipelines, to provide further distribution to the Midwest and Canada, which are expected to be complete in 2017.
“Cornerstone is the backbone of our Utica shale strategy,” Heminger added. “It is routed to provide optimal connectivity from condensate stabilizers and fractionators and aggregate Utica and Marcellus shale production for further distribution.”