Traders Recap: Twenty-First Century Fox Inc (NASDAQ:FOXA), Dow Chemical Co (NYSE:DOW), Western Alliance Bancorporation (NYSE:WAL)

On Tuesday, Shares of Twenty-First Century Fox Inc (NASDAQ:FOXA), subtract -0.25% and closed at $27.45 in the last trading session. The last trading range of the stock ranges between $27.10 and $27.58. 21st Century Fox America, Inc. (“21CFA”), a wholly-owned partner of Twenty-First Century Fox, Inc. (“21st Century Fox” or the “Company”), recently declared the pricing of an issuance of $850 million in aggregate principal amount of Senior Notes, which will be conducted in two tranches consisting of $450 million of 3.375% Senior Notes due 2026 and $400 million of 4.750% Senior Notes due 2046 (together, the “Senior Notes”). The Senior Notes will be guaranteed by the Company. The closing of the offering is expected to occur on November 18, 2016, subject to satisfaction of customary closing conditions. 21CFA will receive gross proceeds of $848,687,500 from this offering and anticipates to use the net proceeds for general corporate purposes.

Dow Chemical Co (NYSE:DOW), dropped -0.56% and closed at $53.17 in the last trading session. The last trading range of the stock ranges between $52.32 and $53.52. The company’s Market capitalization is $59.41 Billion with the total Outstanding Shares of 1.12 Billion. Chromatin Inc., an agriculture technology company, has signed an exclusive license agreement for unique sorghum genetic stocks developed by Agrigenetics Inc., an associate of Dow AgroSciences LLC, a wholly owned partner of The Dow Chemical Company (DOW).

Under the license agreement, Chromatin is deploying Dow AgroSciences’ sorghum technology to launch new, market-leading products in multiple key sorghum markets outside of the United States. “Chromatin has assembled and developed the industry’s leading product pipeline for sorghum,” said Daphne Preuss, CEO, Chromatin. “The materials licensed from Dow AgroSciences add critically important genetic diversity and allow Chromatin to bring higher yielding crops to our international customers.”

Western Alliance Bancorporation (NYSE:WAL), jumped 0.79% and closed at $44.66 in the last trading session. The last trading range of the stock ranges between $43.00 and $44.96. During the 52-week trading session the minimum price at which share price traded, registered at $26.60 and reached to max level of $45.79. Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services mainly in Arizona, California, and Nevada. The company accepts various deposit products, counting checking accounts, savings accounts, and money market accounts, in addition to fixed-rate and fixed maturity retail certificates of deposit. It also offers commercial and industrial loan products comprising working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by apartment buildings, professional offices, industrial facilities, retail centers, and other commercial properties; construction and land development loans for multi-family apartment projects, industrial/warehouse properties, office buildings, retail centers, and medical facilities; and consumer loans. In addition, the company provides other financial services, such as Internet banking, wire transfers, electronic bill payment, lock box services, courier, and cash administration services. Further, it holds and manages certain non-performing loans and other real estate owned. As of December 31, 2015, the company operated 40 branch locations.

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