Traders Recap: Johnson & Johnson (NYSE:JNJ), Hess Corp. (NYSE:HES)

On Friday, Shares of Johnson & Johnson (NYSE:JNJ), added 0.73% and closed at $118.13 in the last trading session. The last trading range of the stock ranges between $117.39 and $118.62. Johnson & Johnson (JNJ) declared a new five-year commitment to assist advance the United Nations Sustainable Development Aims to assist improve the health and well-being of men, women and children around the world. Johnson & Johnson is dedicating its expertise and innovations to ignite global partnerships and catalyze efforts through various new implementation plans, targets and metrics. The declarement comes together with an expanded commitment by Johnson & Johnson to further strengthen the resilience of refugee and displaced children and their families in Syria and its neighboring countries where the need is greatest.

“Johnson & Johnson is committed to creating greater access to quality health care across the globe,” said Johnson & Johnson Chairman and CEO Alex Gorsky. “Beyond developing medicines, equipment and vaccines, we’re in communities assisting expectant mothers take better care of themselves and their babies during pregnancy. We’re training nurses and doctors to identify and treat diseases, and also funding medical research. We’re proud to take a leading role with the world community in this effort, which will go a long way toward creating a healthier society.”

Hess Corp. (NYSE:HES), jumped 2.82% and closed at $53.62 in the last trading session. The last trading range of the stock ranges between $52.25 and $53.96. The company’s Market capitalization is $17.46 Billion with the total Outstanding Shares of 316.67 million. Hess Corporation (HES) declared recently the early tender results of the formerly declared cash tender offer (the “Maximum Tender Offer”) to purchase up to about $324.0 million of the following series of notes issued by Hess (the “Notes”):

7.875% Notes due 2029;

7.300% Notes due 2031; and

7.125% Notes due 2033.

The Maximum Tender Offer was made following the terms and conditions set forth in the offer to purchase dated September 19, 2016 (the “Offer to Purchase”).

As of 5:00 p.m., New York City time, on September 30, 2016 (the “Early Tender Date”), as stated by Global Bondholder Services Corporation, the tender and information agent for the Maximum Tender Offer, the principal amounts of the Notes listed in the table below had been validly tendered and not validly withdrawn.

The applicable total consideration for the Notes validly tendered and not validly withdrawn at or before the Early Tender Date and accepted for purchase following the Maximum Tender Offer will be determined in the manner described in the Offer to Purchase at 2:00 p.m., New York City time, on October 3, 2016. Holders of such Notes will be eligible to receive the total consideration for any such Notes, counting the applicable early tender payment specified in the Offer to Purchase, plus accrued and unpaid interest up to, but not counting, October 4, 2016, the expected settlement date of the Notes tendered at or before the Early Tender Date.

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