On Tuesday, Shares of Blackstone Group LP (NYSE:BX), subtract 0.40% and closed at $25.09 in the last trading session. The last trading range of the stock ranges between $24.88 and $25.36. Marlin & Associates declared recently that its client, BillingTree, has accomplished a majority recapitalization with Parthenon Capital Partners in partnership with BillingTree’s senior administration team. BillingTree is a leading provider of omni-channel, integrated payments solutions to the healthcare, ARM and financial services industries. Parthenon is a growth-oriented private equity firm that partners with and invests in leading administration teams and their companies. Marlin & Associates, a boutique investment banking and planned advisory firm and an practiced advisor to financial technology companies, acted as exclusive planned and financial advisor to BillingTree in the transaction.
Headquartered in Phoenix, Arizona, BillingTree® was established in 2003 to meet the market’s growing need for a vertically-focused provider of integrated payments solutions. Serving the healthcare, ARM and financial services sectors, the Company has practiced noteworthygrowth over the past few years, growing payment volumes at a compounded rate of nearly 40% per annum since 2013.
America Movil SAB de CV (ADR)(NYSE:AMX), dropped -1.04% and closed at $11.47 in the last trading session. The last trading range of the stock ranges between $11.42 and $11.69. The company’s Market capitalization is $37.75 Billion with the total Outstanding Shares of 44.25 billion. América Móvil, S.A.B. de C.V. provides telecommunications services in Mexico and internationally. It offers wireless and fixed voice services, counting airtime, local, domestic, and international long-distance services, in addition to network interconnection and public telephony services. The company also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; and data transmission, email services, instant messaging, content streaming, and interactive applications, in addition to data center, data administration, and hosting services to residential and corporate clients. In addition, it offers satellite pay television (TV) services through direct-to-home technology through ClaroTV brand, in addition to cable TV through Net Serviços brand. Further, the company offers handsets, computers, accessories, and other equipment; telephone directories, call center services, and publishing services; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, video calls, and personal communications services. In Addition To, it sells video, audio, and other media content through the Internet directly from the content provider to the viewer or end user. The company markets its products and services through distributors and retail chains.
Cree, Inc. (NASDAQ:CREE), dropped -1.25% and closed at $25.21 in the last trading session. The last trading range of the stock ranges between $24.93 and $25.68. During the 52-week trading session the minimum price at which share price traded, registered at $22.10 and reached to max level of $32.92. Cree, Inc. (CREE) expands the Essentia® by Cree product portfolio with the new LED Surface Wrap. The new product delivers best-in-class efficacy at 115 lumens per watt (LPW) and expands the Essentia by Cree portfolio, which provides customers with exceptional light quality and one-vendor convenience across entire lighting projects.
“The new Essentia® by Cree LED Surface Wrap is ideal for diverse commercial applications where customers are replacing traditional fluorescent fixtures in hallways, utility rooms and low ceiling areas,” said David Elien, Cree senior vice president, lighting. “It sets a new industry standard for utilitarian luminaires with exceptional light quality, aesthetics, and performance.”
Traditional surface wrap fixtures with 2-foot and 4-foot fluorescent tubes are ubiquitous in both institutional and residential buildings, casting harsh, buzzing illumination that is familiar in corridors, stairwells and work areas. The Essentia by Cree LED Surface Wrap provides clean white light with a low-profile and attractive arc lens design that mounts easily on ceilings or walls. The product comes standard with 0-10V dimming to five percent and is available with an emergency backup option. A field-installed occupancy sensor is also available to further enhance energy savings.