Worth Watching Stock’s News Analysis Report: Cemex SAB de CV (ADR) (NYSE:CX), Genworth Financial Inc (NYSE:GNW)

On Friday, Shares of Cemex SAB de CV (ADR) (NYSE:CX), SUBTRACT -3.05% and closed at $7.94 in the last trading session. The last trading range of the stock ranges between $7.91 and $8.31. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) declared recently that it has begind a tender offer (the “Tender Offer”) to purchase up to U.S.$500,000,000 (the “Aggregate Maximum Tender Amount”) of the outstanding 7.250% Senior Secured Notes due 2021 issued by CEMEX (the “Notes”), subject to possible proration as described in CEMEX’s Offer to Purchase dated September 29, 2016.

Proration of the Notes will be determined in accordance with the terms of the Tender Offer. If CEMEX purchases any Notes in the Tender Offer, Notes tendered at or before 8:00 a.m., New York City time, on October 14, 2016 (the “Early Tender Date”), will be accepted for purchase in priority to other Notes tendered after the Early Tender Date. If at the Early Tender Date the aggregate principal amount of Notes validly tendered exceeds the Aggregate Maximum Tender Amount, CEMEX reserves the right, at its option, not to accept any additional Notes tendered by holders of Notes after the Early Tender Date.

Genworth Financial Inc (NYSE:GNW), jumped 2.27% and closed at $4.96 in the last trading session. The last trading range of the stock ranges between $4.82 and $5.10. The company’s Market capitalization is $2.53 Billion with the total Outstanding Shares of 498.34 Million. Genworth Financial, Inc. provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products mainly insure prime-based and individually underwritten residential mortgage loans. The Canada Mortgage Insurance segment provides flow mortgage insurance; and bulk mortgage insurance products and services that aid in the sale of mortgages to the capital markets, in addition to assists lenders manage capital and risk in Canada. The Australia Mortgage Insurance segment offers flow mortgage insurance, in addition to bulk mortgage insurance that aids in the sale of mortgages to the capital markets in Australia. The U.S. Life Insurance segment offers long-term care insurance products, in addition to service traditional life insurance and fixed annuity products in the United States. The Runoff segment covers non-planned products, which mainly include variable annuity, variable life insurance, institutional, corporate-owned life insurance, and accident and health insurance products.

Leave a Reply

Your email address will not be published. Required fields are marked *