Tag Archives: Wal-Mart

GE Sets Ratio For Synchrony Exchange Offer At 1.0505, Deadline To Elect Is Monday Night, November 16

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Last night, GE(GE) set the final ratio for its exchange offer at 1.0505 shares of Synchrony(SYF) common stock for each share of GE tendered. At GE’s closing price on Thursday of $30.16 and Synchrony’s close of $30.79, this represents $32.34 worth of Synchrony stock, or a premium of 7.2%.  GE shareholders have until midnight, Monday night, November 16… Read More »

Murphy USA Spinoff Approved And Set For End Of August

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Murphy Oil’s (MUR) board of directors formally approved the spinoff of its US retail marketing business, Murphy USA Inc, recently. The distribution is expected to be tax free and is set for August 30th to shareholders of record on August 21st. The new company will trade on the NYSE under the ticker ‘MUSA’ and MUR shareholders will receive… Read More »