On Wednesday, Shares of Altria Group Inc (NYSE:MO), subtract -0.91% and closed at $61.22 in the last trading session. The last trading range of the stock ranges between $60.82 and $61.76. The company’s Market capitalization is $117.58 Billion with the total Outstanding Shares of 1.95 Billion. Altria Group, Inc. (Altria) (MO) recently declares the consummation of and final results for its formerly declared cash tender offer for any and all of its senior unsecured 9.95% Notes due 2038 (the “2038 Notes”) and any and all of its senior unsecured 10.20% Notes due 2039 (the “2039 Notes” and, together with the 2038 Notes, the “Notes”). The terms and conditions of the tender offer are described in the Offer to Purchase, dated September 13, 2016 and the related Letter of Transmittal and Notice of Guaranteed Delivery.
The tender offer for the Notes expired at 5:00 p.m., New York City time, on Monday, September 19, 2016 (the “Expiration Time”).
The total aggregate principal amount of the 2038 Notes validly tendered at or before the Expiration Time and not validly withdrawn and accepted for purchase was $440,588,000, which amount includes the 2038 Notes delivered in accordance with guaranteed delivery procedures and the total aggregate principal amount of the 2039 Notes validly tendered at or before the Expiration Time and not validly withdrawn and accepted for purchase was $492,000,000, which amount includes the 2039 Notes delivered in accordance with guaranteed delivery procedures.
SLM Corp (NASDAQ:SLM), jumped 0.54% and closed at $7.48 in the last trading session. The last trading range of the stock ranges between $7.45 and $7.57. The company’s Market capitalization is $3.22 Billion with the total Outstanding Shares of 428.10 million. Sallie Mae (SLM), the nation’s saving, planning, and paying for college company, will release 2016 third-quarter financial results after market close on Wednesday, Oct. 19, 2016.
The company will host a conference call on Thursday, Oct. 20, 2016, at 8 a.m. EDT. To take part, please dial 877-356-5689 (USA and Canada) or 706-679-0623 (international) and use access code 86005610 starting at 7:45 a.m. EDT.
Sabre Corp (NASDAQ:SABR), lost -0.51% and closed at $27.36 in the last trading session. The last trading range of the stock ranges between $27.20 and $27.98. During the 52-week trading session the minimum price at which share price traded, registered at $22.03 and reached to max level of $30.45. Forty-seven years after man first landed on the moon, there is finally a single mobile technology platform that allows space travelers and business travelers alike to self-manage in-transit booking, payments, expense reporting, safety and security matters, with the launch of the new Traveler Experience platform.
While the majority of business travelers want to manage their trips using technology, recently they must rely on several different mobile apps to navigate the whole journey. According to a recent survey, The Digital Business Traveler, published by Sabre Corporation and the GBTA Foundation, 77 percent of business travelers in North America prefer using self-service technology to manage their travel but on average they use nine different apps to manage their business travel with the most popular apps being airline, hotel, booking, car and restaurant apps.
To address this disconnect, Sabre (SABR) unveiled recently its new Traveler Experience Platform at its annual Connect corporate travel conference in Dallas. The Traveler Experience Platform brings together the critical aspects of travel administration into a single mobile app that will manage the whole trip for business travelers. The Platform combines the online booking capabilities of GetThere for air and hotel, the itinerary administration and messaging features of TripCase and the e-payment solutions of Sabre Virtual Payments. Sabre has also introduced a travel risk administration solution to the platform, SafePoint, which assists travelers to check-in with their employer via a GPS location and request assistance if an emergency arises.