Active Stocks Update: Applied Materials (AMAT), Dreamworks Animation Skg Inc (DWA)

0
397
Money city

Applied Materials, Inc. (NASDAQ:AMAT)

Stock’s Trading Stats:

Applied Materials, Inc. (NASDAQ:AMAT) is trading down with a percentage change of -0.20% and is at $20.43 right now. The Company’s market capitalization stands at $22.72 Billion in the current trading Session whereas, its outstanding shares are 1.13 Billion.

Recent Press Release:

Applied Materials, Inc. (AMAT) on March 10, 2016 declared that its Board of Directors has approved a quarterly cash dividend of $0.10 per share payable on the company`s common stock. The dividend is payable on June 16, 2016 to stockholders of record as of May 26, 2016.

Applied Materials, Inc. (AMAT) is the global leader in materials engineering solutions for the semiconductor, display and solar photovoltaic industries. Our technologies assist make innovations like smartphones, flat screen TVs and solar panels more affordable and accessible to consumers and businesses around the world.

Dreamworks Animation Skg Inc (NASDAQ:DWA)

Stock’s Trading Stats:

Dreamworks Animation Skg Inc (NASDAQ:DWA) is surging 0.03% percent and is at $39.93 in the Real-Time trading session. The stock’s market capitalization stands at $3.45 Billion with outstanding shares of 78.51 Million.

Recent Press Release:

NBCUniversal, a division of Comcast Corporation (CMCSA), on April 28, 2016 declared the acquisition of Dreamworks Animation Skg Inc (DWA). One of the world’s most admired family brands, DreamWorks Animation creates animated feature films, television series and specials, live entertainment and related consumer products. The studio will become part of the Universal Filmed Entertainment Group, which includes Universal Pictures, Fandango, and NBCUniversal Brand Development.

Under the terms of the agreement, DreamWorks Animation has an equity value of about $3.8 billion. DreamWorks Animation stockholders will receive $41 in cash for each share of DreamWorks Animation common stock. The agreement has been approved by the boards of directors of DreamWorks Animation and Comcast, and the controlling shareholder of DreamWorks Animation has approved the agreement by written consent.

The transaction is predictable to close by the end of 2016, subject to receipt of antitrust approvals in the U.S. and abroad, in addition to the satisfaction of other customary closing conditions.

Following the completion of the transaction, DreamWorks Animation CEO and co-founder Jeffrey Katzenberg will become Chairman of DreamWorks New Media, which will be comprised of the company’s ownership interests in Awesomeness TV and NOVA. Katzenberg will also serve as a consultant to NBCUniversal.