Notable Traders Recap: WEC Energy Group Inc (NYSE:WEC), Hologic, Inc. (NASDAQ:HOLX)

On Friday, Shares of WEC Energy Group Inc (NYSE:WEC), subtract -0.90% and closed at $54.95 in the last trading session. The last trading range of the stock ranges between $54.69 and $55.93. WEC Energy Group, Inc., through its auxiliaries, generates and distributes electric energy. The company operates through Wisconsin, Illinois, Other States, electric transmission, and We Power, Corporate and Other segments. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass. The company provides electric utility services to customers in the mining, paper, foundry, food products, and machinery production industries, in addition to to health services, governmental, and large retail chains. It also provides retail natural gas distribution services in the state of Wisconsin, in addition to transports customer-owned natural gas; and generates, distributes, and sells steam. The company serves about 1.6 million electric customers and 2.8 million natural gas customers. In addition, it invests in and develops real estate, counting business parks and other commercial real estate projects mainly in southeastern Wisconsin.

Hologic, Inc. (NASDAQ:HOLX), dropped -2.29% and closed at $36.74 in the last trading session. The last trading range of the stock ranges between $36.60 and $37.57. The company’s Market capitalization is $9.96 Billion with the total Outstanding Shares of 277.07million. Hologic, Inc. (HOLX) declared recently that holders of the 2.00% Convertible Exchange Senior Notes due 2037 (CUSIP No. 436440 AB7) issued November 23, 2010 have the right to surrender their notes for repurchase by the Company.  This right is following the put option under the base indenture governing the notes dated December 10, 2007, as supplemented by the second supplemental indenture dated November 23, 2010 (collectively, the indenture).

The put option entitles each holder of the notes to require the Company to repurchase in cash all or part (in principal amounts equal to $1,000 or multiples thereof) of the notes on December 15, 2016 (the put option repurchase date) at a price equal to 100% of the original principal amount of the notes, plus accrued and unpaid interest, if any, upon the terms and subject to the conditions set forth in the indenture and the notes. Unless the Company defaults on the payment, interest on notes surrendered for repurchase will cease to accrue on and after December 15, 2016. As of November 9, 2016, there was $8,436,000 aggregate principal amount of the Notes outstanding.

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