On Wednesday, Shares of Endurance Specialty Holdings Ltd. (NYSE:ENH), added 4.42% and closed at $91.75 in the last trading session. The last trading range of the stock ranges between $91.50 and $91.87. A.M. Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-”of Sompo Japan Nipponkoa Insurance Inc. (SJNK) (Japan) remain unchanged following its declared acquisition of Endurance Specialty Holdings Ltd. (Endurance) [NYSE:ENH].
This Credit Rating (rating) commentary follows SOMPO Holdings, Inc.’s declarement on Oct. 5, 2016, that its wholly owned partner, SJNK, has entered a definitive agreement to acquire a 100% stake in Endurance.
The acquisition price is USD 93 per share in an all-cash deal totaling USD 6.3 billion. The transaction is subject to the approval of Endurance’s shareholders and regulators, and is expected to close in the first quarter of calendar year 2017.
Macy’s Inc (NYSE:M), jumped 2.19% and closed at $37.36 in the last trading session. The last trading range of the stock ranges between $36.57 and $37.58. The company’s Market capitalization is $11.61 Billion with the total Outstanding Shares of 308.47 million. For the past decade, Redwood City-based Balsam Hill has been spreading Christmas cheer to families around the world with its highly-realistic artificial Christmas trees and holiday décor. To celebrate its 10th anniversary, Balsam Hill is partnering with Macy’s (NYSE:M) to debut “Deck The Halls,” a wondrous float bringing the magic of Christmas to life in the 90th Anniversary Macy’s Thanksgiving Day Parade®. For more than 3.5 million spectators and more than 50 million viewers nationwide, the Macy’s Parade signifies the starting of the holiday season and Balsam Hill is happy to be part of such a long-standing tradition. As part of the 10-year celebration, Balsam Hill is giving away a trip for four to New York City to attend the Parade and witness the float make its debut.
“Since our inception, it was our intention to be a long-standing holiday tradition that families around the world welcome into their home. After a decade, we can now realize that dream and join the float family of one of our world’s most beloved holiday traditions that millions welcome into their home, as they tune in to watch the Macy’s Thanksgiving Day Parade,” said Thomas Harman, CEO of Balsam Brands.
Public Service Enterprise Group Inc. (NYSE:PEG), gained 0.22% and closed at $40.77 in the last trading session. The last trading range of the stock ranges between $40.43 and $41.19. During the 52-week trading session the minimum price at which share price traded, registered at $36.80 and reached to max level of $47.41. New Jersey will be left with one coal-fired power plant after Public Service Enterprise Group Inc. declared it would shut down its remaining two facilities in the state next year, the most recent casualties of competition from cheap natural gas.
The Hudson plant in Jersey City and the Mercer facility in Hamilton Township will be stepped down on June 1, the Newark-based company said Wednesday in a statement. Neither plant cleared the last two capacity auctions held by PJM Interconnection LLC, the grid operator for the mid-Atlantic region.
Coal for power generation has been losing market share to gas as tougher emissions standards and slowing demand pressure the fuel. New Jersey gets less than five percent of its power from coal, down from one-fifth in the 1990s, according to the U.S. Energy Information Administration. Most of its coal-fired plants have already been closed or converted to natural gas.SOURCE BLOOMBERG