Oi SA (ADR) (NYSE:OIBR) took the biggest step towards combining with its partner Portugal Telecom SGPS, by pricing the only share-offering in Brazil this year at the lowest-price expected. The largest fixed-line telephone-carrier, has priced teh sale of preferred-shares at 2 reais each, at the base f the suggested-range that was set by bankers, said a couple of sources in the know. Oi SA (ADR) (NYSE:OIBR) stock opened at $0.94 in last session, and closed at $1.05, while the day range of OIBR stock is $0.93 – $1.08. The stock showed a positive weekly performance of 12.30%.
DirecTV climbed $3.16, or 4.1 percent, to $80.76 after The Wall Street Journal reported that AT&T had approached the satellite TV provider about a possible acquisition. A deal would likely be worth about $40 billion, the Journal reported. The report came after news Wednesday that power company Exelon agreed to buy Pepco Holdings Inc. (NYSE:POM) for $6.8 billion. Pepco Holdings, Inc. (NYSE:POM) stock opened at $26.92, in last session and closed at $26.98, by gaining 0.19%. The 52 week range of POM is $18.04 – $27.04. Company’s market capitalization is $6.76billion.
Oil and gas giant, Kodiak Oil and Gas Corp (USA) (NYSE:KOG), is well positioned to maintain one of the most sustainable growth metrics in the coming months. Growth is set to be highly driven by a strong line of asset portfolio as markets continue to improve in the industry. The company has already grown over the past years shown by impressive revenue growth with impressive cash balances. Kodiak Oil & Gas Corp (USA) (NYSE:KOG) stock advanced 2.08% and finished the last session at $12.73. The EPS of the stock remained 0.52. Company’s market capitalization is $3.39billion.
Through its strategic investment arm Motorola Solutions Venture Capital, Motorola Solutions Inc (NYSE:MSI), has announced an investment in B2M Solutions, a provider of mobile device analytics and process optimization software for enterprise customers. The funds will be used to expand B2M’s marketing and sales activities. Motorola Solutions Inc (NYSE:MSI) stock opened the session at $62.54, and closed the session at $65.51. The 52 week range of the MSI stock remained $53.62 – $67.69 and the day range was $62.37 – $65.88.