Viacom, Inc. (NASDAQ:VIAB) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.87% to $38.10. Viacom Inc. (VIAB) released that it has decided to sell $400 million of 2.250% senior notes due 2022 at a price equal to 99.692% of the principal amount thereof and $900 million of 3.450% senior notes due 2026 at a price equal to 99.481% of the principal amount thereof.
The firm expects sale of the Senior Notes to close on October 4, 2016, subject to customary closing conditions. Viacom intends to use offering net proceeds primarily for the repayment of outstanding indebtedness, borrowings under its commercial paper program, and, to the extent that any proceeds remain, for general corporate purposes. The share price of VIAB attracts active investors, as stock price of week volatility recorded 4.84%. The stock is going forward to its 52-week low with 29.79% and lagging behind from its 52-week high price with -26.07%.
Archer-Daniels-Midland Firm (NYSE:ADM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.54% to close at $42.17 with the total traded volume of 2.85 Million shares. Archer Daniels Midland Firm (ADM) revealed that it has purchased assets of Caterina Foods, a leading toll manufacturer of specialty gluten-free and high-protein pastas. The president of ADM’s WILD Flavors and Specialty Ingredients business, Vince Macciocchi stated that ADM is continuing to deliver on their strategy to create shareholder value by expanding their capabilities downstream in the value chain.
“Caterina is a toll processor for our majority-owned Harvest Innovations, and will be a key part of our growth plans for that important business. The addition of the Caterina business gives us yet another way in which to meet the needs of health-conscious consumersin this case expanding our ability to produce specialty pastas from legumes and grains other than wheat.”
Caterina produces gluten-free and high-protein pastas in a variety of shapes and sizes from flours made from corn, lentils, peas, rice, quinoa and many other grains and legumes. The firm has institutional ownership of 75.80%, while insider ownership included 0.20%. Its price to sales ratio ended at 0.38. ADM attains analyst recommendation of 2.50 with week performance of -0.71%.