On Tuesday,Shares of Commscope Holding Company Inc (NASDAQ:COMM), added 0.34% and closed at $34.97 in the last trading session. The last trading range of the stock ranges between $33.65 and $35.09. CommScope Holding Company, Inc. (COMM) has declared the sale of 19,716,970 shares of its common stock on an underwritten basis by an associate of The Carlyle Group. CommScope will not receive any of the proceeds from the offering of shares by Carlyle. Closing of the offering is expected to occur on or about November 16, 2016, subject to customary closing conditions.
Morgan Stanley and Jefferies are acting as the joint book-running managers for the offering. Morgan Stanley and Jefferies propose to offer the shares of common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the Nasdaq Global Select Market, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.
FirstEnergy Corp. (NYSE:FE), jumped 0.79% and closed at $32.09 in the last trading session. The last trading range of the stock ranges between $31.87 and $32.42. The company’s Market capitalization is $13.76 Billion with the total Outstanding Shares of 425.74 Million. Across the country, con artists continue using scare tactics in an effort to steal money and personal information from utility customers. As part of FirstEnergy Corp.’s (FE) ongoing efforts to raise awareness about this continuing problem, the company is joining more than two dozen electric and gas utilities across the United States and Canada to recognize November 16 as “Utilities United Against Scams Day.”
“We take our customers’ safety and security very seriously,” said Gary W. Grant, vice president of customer service for FirstEnergy Utilities. “Through our website, social media outreach, newsletters and participation in industry efforts such as Utilities United Against Scams Day, we continue working to educate customers about scam activity and assist them avoid falling victim to con artists who are posing as representatives of our company.”