The Sherwin-Williams Company Announces Extension of Expiration Date of Exchange Offer

CLEVELAND, May 31, 2017 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) ("Sherwin-Williams") today announced that it has extended the expiration date (the "Expiration Date") from 5:00 p.m., New York City time, on May 31, 2017, to 9:00 a.m., New York City time, on June 1, 2017, unless further extended, terminated, amended or withdrawn by Sherwin-Williams, with respect to its previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes issued by The Valspar Corporation ("Valspar") as set forth in the table below (the "Existing Valspar Notes") for (1) up to $1,550,000,000 aggregate principal amount of new notes issued by Sherwin-Williams (the "New Sherwin-Williams Notes") and (2) cash, and related consent solicitations (the "Consent Solicitations") to adopt certain amendments to the indentures governing the Existing Valspar Notes.

Withdrawal rights for the Exchange Offers and Consent Solicitations expired as of 5:00 p.m., New York City time, on May 16, 2017 (the "Withdrawal Deadline"). Sherwin-Williams is not extending withdrawal rights in connection with the extension of the Expiration Date.  Because the Withdrawal Deadline has not been extended, holders may not withdraw Existing Valspar Notes, or revoke consents, previously tendered or tendered after the date of this press release, except as may be required by law.

As of 5:00 p.m., New York City time, on May 31, 2017, the following principal amounts of each series of Existing Valspar Notes have been validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked):

Title of Series/CUSIP Number of Existing
Valspar Notes

Aggregate
Principal Amount
Outstanding

Existing Valspar Notes Tendered as of
5:00 p.m., New York City time, on
May 31 2017



Principal Amount

Percentage

        7.25% Notes due 2019 / 920355 AF1

$300,000,000

$277,206,000

92.40%

        4.20% Notes due 2022 / 920355 AG9

$400,000,000

$385,909,000

96.48%

        3.30% Notes due 2025 / 920355 AH7

$250,000,000

$235,329,000

94.13%

        3.95% Notes due 2026 / 920355 AK0

$350,000,000

$331,342,000

94.67%

        4.40% Notes due 2045 / 920355 AJ3

$250,000,000

$248,369,000

99.35%

 

The Exchange Offers and Consent Solicitations are being made pursuant to the terms and subject to the conditions set forth in the Offering Memorandum and Consent Solicitation Statement, dated May 2, 2017 (the "Offering Memorandum and Consent Solicitation Statement"), and related Letter of Transmittal and Consent, as amended by this press release.

Subject to the terms and conditions of the Exchange Offers and Consent Solicitations, holders of Existing Valspar Notes who validly tender their Existing Valspar Notes after the Withdrawal Deadline, but on or prior to the Expiration Date, as extended by this press release, will be eligible to receive New Sherwin-Williams Notes with a principal amount of $970 per $1,000 principal amount of Existing Valspar Notes validly tendered, as well as $1.00 in cash.

The Exchange Offers and Consent Solicitations are conditioned upon the closing of Sherwin-Williams' acquisition of Valspar (the "Acquisition"), which Sherwin-Williams expects will occur on June 1, 2017. Sherwin-Williams reserves the right to terminate, withdraw, amend or extend the Exchange Offers and Consent Solicitations in its sole discretion.

Documents relating to the Exchange Offers and Consent Solicitations are only being distributed to eligible holders of Existing Valspar Notes who complete and return an eligibility form confirming that they are either a) a "qualified institutional buyer" under Rule 144A or b) a person that is outside of the "United States" and is (i) not a "U.S. Person," as those terms are defined in Rule 902 under the Securities Act of 1933, (ii) a "non-U.S. qualified offeree," as defined in the Offering Memorandum and Consent Solicitation Statement and (iii) not located in Canada.  The complete terms and conditions of the Exchange Offers and Consent Solicitations are described in the Offering Memorandum and Consent Solicitation Statement and related Letter of Transmittal and Consent, as amended by this press release, copies of which may be obtained by contacting Global Bondholder Services Corporation, the exchange agent and information agent in connection with the Exchange Offers and Consent Solicitations, at (866) 924-2200 (U.S. toll-free) or (212) 430-3774 (banks and brokers).  The eligibility form is available electronically at: http://gbsc-usa.com/eligibility/sherwin-williams.

This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security.  No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.  The Exchange Offers and Consent Solicitations are being made solely pursuant to the Offering Memorandum and Consent Solicitation Statement and related Letter of Transmittal and Consent, as amended by this press release, and only to such persons and in such jurisdictions as is permitted under applicable law.

The New Sherwin-Williams Notes have not been and will not be registered under the Securities Act of 1933 or any state securities laws.  Therefore, the New Sherwin-Williams Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and any applicable state securities laws.

About The Sherwin-Williams Company

Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of coatings and related products to professional, industrial, commercial, and retail customers.  The company manufactures products under well-known brands such as Sherwin-Williams®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® Water Seal®, and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 4,100 company-operated stores and facilities, while the company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors.  The Sherwin-Williams Global Finishes Group distributes a wide range of products in more than 115 countries around the world.  For more information, visit www.sherwin.com.

Investor Relations Contact:
Bob Wells
Senior Vice President, Corporate Communications and
Public Affairs
Sherwin-Williams
(216) 566-2244
rjwells@sherwin.com

Media Contacts:
Mike Conway
Director, Corporate Communications
Sherwin-Williams
(216) 515-4393 
mike.conway@sherwin.com

Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are based upon management's current expectations, estimates, assumptions and beliefs concerning future events and conditions and may discuss, among other things, anticipated future performance (including sales and earnings), expected growth and future business plans. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "believe," "expect," "may," "will," "should," "project," "could," "plan," "goal," "potential," "seek," "intend" or "anticipate" or the negative thereof or comparable terminology.  Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside Sherwin-Williams' or Valspar's control, that could cause actual results to differ materially from such statements and from Sherwin-Williams' or Valspar's historical results and experience. These risks, uncertainties and other factors include such things as: general business conditions, strengths of retail and manufacturing economies and the growth in the coatings industry; legal, regulatory and other matters that may affect the timing of Sherwin-Williams' or Valspar's ability to complete the Acquisition, if at all, for any reason; Sherwin-Williams' ability to successfully integrate past and future acquisitions into its existing operations, including Valspar, as well as the performance of the businesses acquired; risks inherent in the achievement of cost synergies and the timing thereof for the Acquisition; competitive factors, including pricing pressures and product innovation and quality; changes in raw material and energy supplies and pricing; changes in relationships with customers and suppliers; the ability to attain cost savings from productivity initiatives; changes in general domestic economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions, and changing government policies, laws and regulations; risks and uncertainties associated with Sherwin-Williams' expansion into and its operations in Asia, Europe, South America and other foreign markets, including general economic conditions, inflation rates, recessions, foreign currency exchange rates, foreign investment and repatriation restrictions, legal and regulatory constraints, civil unrest and other external economic and political factors; the achievement of growth in foreign markets, such as Asia, Europe and South America; increasingly stringent domestic and foreign governmental regulations, including those affecting health, safety and the environment; inherent uncertainties involved in assessing potential liability for environmental-related activities; other changes in governmental policies, laws and regulations, including changes in accounting policies and standards and taxation requirements (such as new tax laws and new or revised tax law interpretations); the nature, cost, quantity and outcome of pending and future litigation and other claims, including the lead pigment and lead-based paint litigation, and the effect of any legislation and administrative regulations relating thereto; and unusual weather conditions.  Readers are cautioned that it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results and that the above list should not be considered to be a complete list. Any forward-looking statement speaks only as of the date on which such statement is made, and Sherwin-Williams undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as otherwise required by law.

SOURCE The Sherwin-Williams Company

Colonial Coal International Corp. Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 31, 2017) –

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Colonial Coal International Corp. (TSX VENTURE:CAD) (the „Corporation” or „Colonial Coal„) is pleased to announce that it has recently and successfully concluded negotiations to acquire 3D seismic data covering approximately 32.51 sq. km. of the Company’s Flatbed coking coal property.

The seismic data extends through the upper, coal-bearing sections of the stratigraphic succession that underlies the property and covers one of the main target areas. This target area was one of several identified by an independent consultant’s review of the property (previously announced on January 28, 2013) and forms the prime focus for drilling this summer.

Initial evaluation and interpretation of the seismic data is now underway. The primary purpose of this work is to confirm drill targets and refine coal seam depth estimates for exploration budget purposes.

Company staff are moving ahead with exploration planning, particularly in regard to contractor selection, contract preparation and ensuring adherence to all government permit regulations and requirements. A site visit is planned shortly to assess field conditions and to lay-out an arterial exploration trail.

In addition, recent corporate activities, undertaken in conjunction with the company’s investor relations consultant, O&M Partners, have included:

  • A marketing trip along the eastern seaboard of the United States, during which multiple presentations were made to current and prospective shareholders, fund managers and brokers; and
  • One „town-hall” style meeting, conducted by telephone, for similar participants; with further „town-hall” meetings being scheduled for the future.

This news release has been reviewed by John Perry, a director of the Company and a Qualified Person as defined in National Instrument 43-101.

About Colonial Coal International Corp.

Colonial Coal is a publicly traded coal corporation in British Columbia that focuses primarily on coking coal projects. The northeast Coal Block of British Columbia, within which our Corporation’s projects are located, hosts a number of proven deposits and has been the subject of M&A activities by Xstrata, Walter Energy, Anglo-American and others.

Additional information can be found on the Corporation’s website www.ccoal.ca or by viewing the Corporation’s filings at www.sedar.com.

Forward-Looking Information

Information set forth in this news release involves forward-looking statements, including statements relating to the Corporation’s potential sale of an interest in its Flatbed Property. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a Corporation’s expected future business and financial performance, and often contain words such as „anticipate”, „believe”, „plan”, „estimate”, „expect”, and „intend”, statements that an action or event „may”, „might”, „could”, „should”, or „will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and except as required by law, the Corporation undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE CORPORATION AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE CORPORATION MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Canyon Services Group Inc. Announces Shareholder Approval of Plan of Arrangement

CALGARY, ALBERTA–(Marketwired – May 31, 2017) – Canyon Services Group Inc. („Canyon„) (TSX:FRC) is pleased to announce that at its annual and special meeting of shareholders (the „Meeting„) held earlier today, holders („Canyon Shareholders„) of common shares of Canyon („Canyon Shares„) approved the previously announced plan of arrangement (the „Arrangement„) involving Trican Well Service Ltd. („Trican„), Canyon and the securityholders of Canyon.

A total of 57,987,084 Canyon Shares (approximately 67.02% of the issued and outstanding Canyon Shares) were represented at the Meeting in person or by proxy. The Arrangement was approved by 99.79% of the votes cast by Canyon Shareholders, either in person or by proxy at the Meeting, and by 99.78% of the votes cast by Canyon Shareholders, either in person or by proxy at the Meeting, after excluding the votes cast by an officer of Canyon in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

Canyon expects to apply for the final approval of the Court of Queen’s Bench of Alberta of the Arrangement on June 1, 2017 and assuming such order is granted on the terms and conditions contemplated by Canyon and Trican, closing of the Arrangement is expected to occur on June 2, 2017.

At the Meeting, Canyon Shareholders also approved, among other annual matters, the election of seven nominees of Canyon as directors of Canyon, with Canyon Shares represented at the Meeting voting by way of ballot in favour and withheld from voting for each of the individual nominees as follows:

Nominee Outcome of Vote Votes For Votes Withheld
Bradley P.D. Fedora
Raymond P. Antony
Neil M. MacKenzie
M. Scott Ratushny
Miles Lich
Ken Mullen
Pat G. Powell
Elected
Elected
Elected
Elected
Elected
Elected
Elected
57,179,955
56,224,237
57,232,352
57,229,675
54,017,518
56,215,801
56,223,887
94,756
1,050,474
42,359
45,036
3,257,193
1,058,910
1,050,824

If the Arrangement is completed as planned, such individuals intend to resign as directors of Canyon at closing of the Arrangement. If the Arrangement is not completed, such individuals will hold office until the next annual meeting of Canyon Shareholders or until their successors are duly elected or appointed.

For details of the voting results on the other matters considered at the Meeting, see Canyon’s Report of Voting Results filed pursuant to National Instrument 51-102 on www.sedar.com.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the timing and receipt of the final order and the expected closing date of the Arrangement. The forward-looking statements contained herein are based on certain key expectations and assumptions made by Canyon, including but not limited to expectations and assumptions concerning the ability to obtain the final order on the terms contemplated by the parties, to complete the Arrangement on the terms and on the timing contemplated by management, and the assumption that all necessary conditions will be met for the completion of the Arrangement. Although Canyon believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because they can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure of Canyon and Trican to obtain necessary approvals, or to otherwise satisfy the conditions to completion of the Arrangement, in a timely manner, or at all. Failure to so obtain such approvals, or the failure of each of Canyon and Trican to otherwise satisfy the conditions to the Arrangement, may result in the Arrangement not being completed on the proposed terms, or at all. The forward-looking statements contained in this press release are made as of the date hereof and Canyon does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Strad Energy Services Ltd. Announces Annual Meeting Voting Results

Strad Energy Services Ltd. Announces Annual Meeting Voting Results

Strad Energy Services Ltd.

TSX : SDY

Strad Energy Services Ltd.

May 31, 2017 19:32 ET

CALGARY, ALBERTA–(Marketwired – May 31, 2017) –

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Strad Energy Services Ltd. („Strad” or the „Company„) (TSX:SDY) announces the voting results in respect of its annual and special meeting of shareholders held on May 31, 2017 (the „Meeting„). Each of the matters voted on at the Meeting is outlined in the Corporation’s Management Information Circular – Proxy Statement dated April 21, 2017 (the „Information Circular„), which is available on SEDAR at www.sedar.com.

Strad shareholders have duly elected all of the director nominees proposed by management in the Information Circular. The detailed voting results from the Meeting in respect of the election of directors is set forth below:

Nominee Votes For Votes Withheld
Robert J.A. Grandfield 99.60%
(39,369,263)
0.40%
(159,928)
Andrew R.C. Pernal 99.60%
(39,369,263)
0.41%
(159,928)
Jack H. Nodwell 99.59%
(39,367,663)
0.41%
(161,528)
Craig F. Hruska 99.60%
(39,369,263)
0.40%
(159,928)
Thomas M. Alford 99.58%
(39,361,601)
0.42%
(167,590)
Lyle A. Wood 99.59%
(39,367,163)
0.41%
(162,028)
Michael J. McNulty 99.59%
(39,368,663)
0.41%
(160,528)

Shareholders also voted in favour of the balance of the matters considered at the Meeting, namely, ordinary resolutions to fix the number of directors at seven, appoint the Corporation’s auditors and approve the granting of all unallocated options pursuant to the Company’s stock option plan for a further three year term in accordance with the rules of the Toronto Stock Exchange.

For complete voting results, please see our Report of Voting Results which will be available on SEDAR at www.sedar.com.

About Strad Energy Services Ltd.
Strad is a North American energy services company that provides rental equipment and matting solutions to the oil and gas and energy infrastructure sectors. Strad focuses on providing complete customer solutions in Canada and the United States.

Strad is headquartered in Calgary, Alberta, Canada. Strad is listed on the Toronto Stock Exchange under the trading symbol „SDY”.

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CA Technologies study identifies ways for 80 per cent of companies to develop and deliver better software faster

New data from almost 1000 global respondents cite substantial performance and business benefits from cloud-based tools for DevOps

SYDNEY, 1 June 2017 – CA Technologies (NASDAQ:CA) has released a first-of-its-kind study to quantify the benefits for companies that combine DevOps methodologies with cloud-based tools and delivery mechanisms. The new data from almost 1000 IT decision makers was revealed at the company’s first annual Built to Change Summit, and supported the announcement of innovations across the CA portfolio.
 
The online research study was conducted by Freeform Dynamics in early 2017 and indicates that companies practicing DevOps with cloud-based tools and delivery results in:
 

  • 81% improvement in overall software delivery performance (over an improvement of just 52% when practicing DevOps alone or 53% when leveraging cloud without DevOps).
  • Almost 2x faster software delivery speed.
  • 80% better predictability of software performance.
  • 66% improvement in software quality for fewer defects.
  • 69% improvement in customer experience than baseline of traditional software development and delivery models.
  • More than 2x better cost control for the tools and services that DevOps teams actually use.

 
The study makes direct comparisons between traditional software development and delivery methods, the use of DevOps and cloud separately, and also with the extensive use of both together. The resulting statistics lay out definitive advantages of software delivery performance for any enterprise in terms of cost, quality and efficiency. 
 
“Today, being built to succeed means being built to change. Working around the world with customers of all sizes, this change manifests in the move to public cloud workloads for greater flexibility, agility and cost efficiency. Our job is to ensure that companies have the choice to run their workloads where and how it makes sense. We provide the tools, technologies and services to support this hybrid approach to internal development. Now the data proves the benefits and value of the approach,” said Ayman Sayed, president and chief product officer, CA Technologies.
 
To support this era of development and delivery, CA introduced new software to meet customer needs in any deployment. Innovations supporting microservices and container-based architectures, and driving overall modernisation with machine learning and advanced analytics shared by CA include:
 

  • CA Agile Central with Team Board, a new capability to bridge the gap between employee autonomy and company strategy with an unprecedented level of process flexibility supporting Scrum and Kanban at the team level, while helping ensure visibility and alignment to corporate strategy and direction.
  • A holistic approach to API Management in the cloud with portfolio updates including CA API Developer Portal to support full lifecycle API Management for modern architectures, CA Live API Creator for instant, complete microservices creation and a gateway for microservices, currently in beta availability for Docker containers, to orchestrate and secure microservices.
  • Orchestration across the entire software delivery chain in a single view with CA Continuous Delivery Director SaaS, now available in public beta, with analytics that provide visibility into time spent at each step in the software development lifecycle (SDLC) for faster software delivery. Integration across the CA portfolio with planning tool, CA Agile Central, CA BlazeAPI Test, a new public beta to meet critical performance metrics, performance testing tool CA BlazeMeter, release automation, operations and application testing with CA Veracode.
  • CA’s Digital Experience Insights, now available in a public trial, is a SaaS-based analytics solution that correlates end-user, application and infrastructure monitoring to deliver business and operational insights necessary to improve digital experiences.
  • CA Mainframe Operations Intelligence  integration with the Automic ONE Automation Platform that uses machine learning for operational intelligence and real-time dynamic thresholds to proactively detect performance anomalies sooner and automate corrective action that prevents outages and slowdowns of mission essential systems. 
  • CA Veracode integration to support the fundamental shift to DevSecOps that incorporates security across the entire software lifecycle. By detecting and addressing security defects throughout the development process, companies can reduce the risk of the most common source of breaches: attacks on the application layer.

 
For more information, visit:

 
 
 
– ENDS-
 
About CA Technologies
CA Technologies (NASDAQ: CA) creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in every industry. From planning, to development, to management and security, CA is working with companies worldwide to change the way we live, transact, and communicate – across mobile, private and public cloud, distributed and mainframe environments. Learn more at www.ca.com.
 
Follow CA Technologies

Legal notices
Copyright © 2017 CA. All Rights Reserved. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

Nokia and Apple sign agreement, settle all litigation

Cupertino, California and Espoo, Finland — Nokia and Apple announced today that they have settled all litigation related to their intellectual property dispute and agreed a multi-year patent license.

“This is a meaningful agreement between Nokia and Apple,” said Maria Varsellona, Chief Legal Officer at Nokia, responsible for Nokia’s patent licensing business. “It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.”

Under a business collaboration agreement, Nokia will be providing certain network infrastructure product and services to Apple. Apple will resume carrying Nokia digital health products (formerly under the Withings brand) in Apple retail and online stores, and Apple and Nokia are exploring future collaboration in digital health initiatives. Regular summits between top Nokia and Apple executives will ensure that the relationship works effectively and to the benefit of both parties and their customers.

“We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia,” said Jeff Williams, Apple’s chief operating officer.

“This agreement will strengthen our collaboration,” said Basil Alwan, President of Nokia’s IP/Optical Networks business. “We look forward to supporting Apple.”

While details of the agreement remain confidential, Nokia will receive an up-front cash payment from Apple, with additional revenues during the term of the agreement.

The value of the agreement will be reflected partially as patent licensing net sales in Nokia Technologies and partially as net sales in other Nokia business groups. Nokia will follow its existing practices for disclosing patent licensing revenue in its quarterly announcements and expects that revenues for the agreement will start to be recognized in the second quarter of 2017, including an element of non-recurring catch-up revenue.

Due to the up-front cash payment from Apple, Nokia intends to provide a comprehensive update of its capital structure optimization program in conjunction with its third quarter 2017 results.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

Apple Reports Second Quarter Results

CUPERTINO, California — May 2, 2017 — Apple today announced financial results for its fiscal 2017 second quarter ended April 1, 2017. The Company posted quarterly revenue of $52.9 billion and quarterly earnings per diluted share of $2.10. These results compare to revenue of $50.6 billion and earnings per diluted share of $1.90 in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue.

“We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus,” said Tim Cook, Apple’s CEO. “We’ve seen great customer response to both models of the new iPhone 7 (PRODUCT)RED Special Edition and we’re thrilled with the strong momentum of our Services business, with our highest revenue ever for a 13-week quarter. Looking ahead, we are excited to welcome attendees from around the world to our annual Worldwide Developers Conference next month in San Jose.”

Apple also announced that its Board of Directors has authorized an increase of $50 billion to the Company’s program to return capital to shareholders and is extending the program timeframe by four quarters.  Under the expanded program, Apple plans to spend a cumulative total of $300 billion by the end of March 2019.

“We generated strong operating cash flow of $12.5 billion and returned over $10 billion to our investors in the March quarter,” said Luca Maestri, Apple’s CFO. “Given the strength of our business and our confidence in our future, we are happy to announce another $50 billion increase to our capital return program today.”

As part of the latest update to the program, the Board has increased its share repurchase authorization to $210 billion from the $175 billion level announced a year ago. The Company also expects to continue to net-share-settle vesting restricted stock units.

The Board has approved a 10.5% increase to the Company’s quarterly dividend, and has declared a dividend of $0.63 per share of the Company’s common stock, payable on May 18, 2017 to shareholders of record as of the close of business on May 15, 2017.

From the inception of its capital return program in August 2012 through March 2017, Apple has returned over $211 billion to shareholders, including $151 billion in share repurchases.

The Company plans to continue to access the domestic and international debt markets to assist in funding the program. The management team and the Board will continue to review each element of the capital return program regularly and plan to provide an update on the program on an annual basis.

Apple is providing the following guidance for its fiscal 2017 third quarter:
 

  • revenue between $43.5 billion and $45.5 billion
  • gross margin between 37.5 percent and 38.5 percent
  • operating expenses between $6.6 billion and $6.7 billion
  • other income/(expense) of $450 million
  • tax rate of 25.5 percent
Apple will provide live streaming of its Q2 2017 financial results conference call beginning at 2:00 p.m. PDT on May 2, 2017 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.

Cheap Sam Hunt Tickets at DTE Energy Music Theatre in Detroit/Clarkston On Sale at TicketDown.com

Industry: Entertainment

Ticket Down has cheap Sam Hunt tickets at the DTE Energy Music Theatre in conjunction with his 2017 tour. Add promo code SAMHUNT2017 for added savings on Sam Hunt.

Detroit, MI (PRUnderground) May 31st, 2017

Ticket Down is a reputable source of authentic Sam Hunt tickets at the DTE Energy Music Theatre in Clarkston/Detroit, MI on Friday, June 16th.  Sam Hunt will be going out on tour during the summer months of 2017. The “15 in a 30 Tour” gets underway in June. His supporting acts for his concert stop at DTE will be Maren Morris and Chris Janson.

DTE Energy Music Theatre is located in the picturesque state of Michigan and it is surrounded by crystal clear lakes and large forests. The venue is able to hold more than 15,000 people, making the crowds just right for a Sam Hunt concert. This theatre was once known as the Pine Knob Music Theatre, and still holds the name of The Knob for people from the area. But with the recent upgrades, including more food, the beer gardens, and lots of audio enhancements, it is the perfect place to enjoy the great music of Sam Hunt.

About TicketDown.com:

Ticket Down delivers tickets to sold out concerts and events worldwide when no one else can, and they do so at discounted prices. This popular ticket exchange also has Sam Hunt tickets at the DTE Energy Music Theatre for all budgets and seating preferences. Find Sam Hunt DTE Energy Music Theatre lawn seats, pit seats, front row seats, VIP seating, general admission (GA), parking passes and more. Add promo/coupon code SAMHUNT2017 for added savings on any ticket order.

Note: Ticket Down is not associated with Sam Hunt or any venues mentioned in this release. The names that are used in this release are purely for descriptive purposes. We are not affiliated with or do we endorse any artists or venues in this release. Ticket Down and JP Media, LLC are not responsible for any errors or omissions in this release.

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Research report explores the Europe Cardiology Pacemaker Programmer Market 2021

“Europe Cardiology Pacemaker Programmer Market Professional Survey Report 2016-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.

This market report is a thorough analysis of the existing situation and the anticipated condition for Cardiology Pacemaker Programmer market. Investigation for gathering the content for this report is done in depth and meticulously. Present scenarios, past progress, Europe recognition and future prospects of the Europe market is offered in this report. Main strategies, market shares, products of the companies and investments in this market is also mentioned in detail.

Compressive outline of Europe Cardiology Pacemaker Programmer market depending on key factors and segmentations such as end users, applications, regions and products is elaborated. Estimated revenue and volume growth of the market over the mentioned forecast period of 2016 to 2022 is also explained in detail. Former and current state of shares of the major key regions are mentioned such that the idea of the best investment region can be drawn out.

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Analysis of the market and its upcoming growth prospects is been mentioned with maximum precision. This study includes an elaborative summary of Europe Cardiology Pacemaker Programmer market which also includes snapshots that offer depth of information of various other segmentations. Through qualitative and quantitative analysis of key factors which are responsible for boosting or hampering the market growth and the promising opportunities in this market have been provide. Primary and secondary research is been done in detail which helps the readers have a strong understanding of the complete market for the forecast period of 2016 to 2022.

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Geographically, this report is equipped with detail study of all the major geographic regions around the globe. The regions which are considered for the study are, North America, Asia Pacific, Europe, the Middle East & Africa and Latin America. Production, consumption, market share, revenue in terms of USD, market growth of Cardiology Pacemaker Programmer market in these particular region is mentioned in detail for the forecast period of 2016 to 2022.

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The study throws light on the market mainly focusing on the growth factors and even the restraining factors. The restraining factors are also provided with the best solutions which also prove to be a counteract to the drawback and help increase the market demand. Applications, types, technology and many other segmentations are studied to give a depth of knowledge for the further market investment. Key driving forces for Europe Cardiology Pacemaker Programmer market is explained to help give an idea for detailed analysis of this market.

Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape of Cardiology Pacemaker Programmer market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

Moreover, with the help of analytical tools, the research study gives insights into the main growth barriers, drivers, promising opportunities, and limitations in the Europe Cardiology Pacemaker Programmer Market. The research report additionally addresses some of the very important questions regarding the development and latest trends in this market. Some of these questions are mentioned below:

What are the main factors likely to encourage the growth of Europe Cardiology Pacemaker Programmer Market?

Which factors are expected to limit the development of the Europe Cardiology Pacemaker Programmer Market?

Which application and product segments are anticipated to top in the forecast period?

Which geographical segment is expected to lead and hold main share of the Europe Cardiology Pacemaker Programmer Market in the next few years?

What are the projected values and growth rate of the Europe Cardiology Pacemaker Programmer Market?

Which are the key players operating in the Europe Cardiology Pacemaker Programmer Market?

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