Pitney Bowes Inc. (NYSE:PBI) today announced that it has increased the maximum amount in respect of its previously announced cash tender offer (the “Tender Offer”) for its 5.250% Notes due 2037 (the “Priority 1 Notes”), 5.750% Notes due 2017 (the “Priority 2 Notes”), 4.750% Notes due 2016 (the “Priority 3 Notes”), 4.750% Notes due 2018 (the “Priority 4 Notes”) and 5.600% Notes due 2018 (the “Priority 5 Notes” and, together with the Priority 1 Notes, the Priority 2 Notes, the Priority 3 Notes and the Priority 4 Notes, the “Notes” and each a series of Notes) from a combined aggregate principal amount of $350,000,000 to $500,000,000. All other terms of the Tender Offer, as previously announced, remain unchanged. Pitney Bowes Inc. (NYSE:PBI) stock opened at $25.87 in last trading session, and closed at $25.99, trading in the range of $25.61 – $26.21. The stock showed a positive weekly performance of 3.96%.
On 19-Feb-14 Standpoint Research downgraded VeriFone Systems Inc (NYSE:PAY) stock from Buy to Hold. VeriFone Systems Inc (NYSE:PAY) shares closed at $30.08 on last trade day, by gaining 2.80%. Stock 52 week range is $15.34 – $30.35. Company’s market capitalization is $3.32 billion.
Avery Dennison Corp (NYSE:AVY) Director John T. Cardis sold 12,241 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $51.50, for a total transaction of $630,411.50. Following the transaction, the director now directly owns 13,111 shares in the company, valued at approximately $675,217. Avery Dennison Corp (NYSE:AVY) stock advanced 4.84% and finished the last session at $51.79. The EPS of the stock remained 2.44. Company’s market capitalization is $4.97 billion.
Steelcase (NYSE:SCS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. The firm currently has a $15.00 price target on the stock. Zacks‘ target price suggests a potential upside of 2.39% from the company’s current price. Steelcase Inc. (NYSE:SCS) stock opened at $14.86 in last trading session and closed at $15.24. The 52 week range of the stock is $12.16 – $16.95 and the day range was $14.84 – $15.27.
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