On Tuesday, Shares of Cemex SAB de CV (ADR)(NYSE:CX), added 2.46% and closed at $8.73 in the last trading session. CX stock opened its last trade at $8.73 and after floating in a range of $8.61 to $8.82. The company’s Market capitalization is $12.47 Billion with the total volume of 9.92 million. During the 52-week trading session the minimum price at which share price traded, registered at $3.50 and reached to max level of $9.09. The Earnings per Share of the company stands at $0.17. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) declared recently that U.S.$241,692,000 aggregate principal amount of the outstanding 7.250% Senior Secured Notes due 2021 issued by CEMEX (the “Notes”) were validly tendered by holders of the Notes at or before the early tender deadline of 8:00 a.m., New York City time, on October 14, 2016 (the “Early Tender Date”), following CEMEX’s formerly declared cash tender offer (the “Tender Offer”) to purchase up to U.S.$500,000,000 (the “Aggregate Maximum Tender Amount”) of the Notes. The Tender Offer is being made following the Offer to Purchase dated September 29, 2016 (the “Offer to Purchase”) and the related letter of transmittal.
CEMEX has accepted for purchase all U.S.$241,692,000 aggregate principal amount of Notes validly tendered on or before the Early Tender Date. The early settlement date on which CEMEX will make payment for such Notes accepted in the Tender Offer is expected to be October 19, 2016 (the “Early Settlement Date”).
Shares of Steel Dynamics, Inc. (NASDAQ:STLD), gained 1.42% and closed at $24.23 in the last trading session. STLD stock opened its last trade at $24.24 and after floating in a range of $23.51 to $24.33. The company’s Market capitalization is $5.95 Billion with the total Outstanding Shares of 243.76 million. During the 52-week trading session the minimum price at which share price traded, registered at $15.32 and reached to max level of $28.01. The Earnings per Share of the company stands at $0.04. Steel Dynamics, Inc. (NASDAQ/GS: STLD) declared recently that its Board of Directors has authorized a share repurchase program of up to $450 million of the company’s common stock. The authorization is effective right away. The Board of Directors canceled the formerly authorized program.
“This authorization demonstrates the Board’s and administration’s confidence in our ability to generate strong free cash flow, even in challenging market environments such as 2015,” said Mark D. Millett, President and Chief Executive Officer. “We remain committed to delivering value to our shareholders by first focusing on profitable organic and planned growth opportunities. In addition to the value creation derived from our planned growth, we are happy that because of our strong balance sheet and continued free cash flow generation, we are also able to simultaneously return value to our shareholders through the use of this program to complement our regular quarterly cash dividend.”