Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) ended Monday session in green amid volatile trading. The shares closed up +0.11 points or 1.82% at $6.16 with 37.84 million shares getting traded. Post opening the session at $6.12, the shares hit an intraday low of $6.08 and an intraday high of $6.28 and the price vacillated in this range throughout the day. The company has a market cap of $5.54 billion and the numbers of outstanding shares have been calculated to be 895.00 million shares.
Advanced Micro Devices, Inc. (AMD) on September 14, 2016 announced that it has been named to the Dow Jones Sustainability Index (DJSI) North America, marking its 15th consecutive year on the index and another in a line of recognitions this year for its corporate responsibility leadership in the semiconductor industry.
“AMD has a long history of commitment and leadership in corporate responsibility, and we are honored to once again be named to the Dow Jones Sustainability Index,” said Tim Mohin, senior director of Corporate Responsibility at AMD. “This recognition reflects the hard work of thousands of AMD engineers and employees around the world. Together we have improved the energy efficiency of many of our products, implemented sustainability initiatives to reduce our footprint, and partnered with our suppliers to help improve social and environmental conditions around the world.”
Shares of Infoblox Inc (NYSE:BLOX) ended Monday session in green amid volatile trading. The shares closed up +3.52 points or 15.42% at $26.35 with 34.88 million shares getting traded. Post opening the session at $26.27, the shares hit an intraday low of $26.23 and an intraday high of $26.35 and the price vacillated in this range throughout the day. The company has a market cap of $1.48 billion and the numbers of outstanding shares have been calculated to be 55.97 million shares.
Infoblox Inc (BLOX) on September 19, 2016 announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading private equity firm focused on software, data and technology-enabled businesses. Under the terms of the agreement, Infoblox stockholders will receive $26.50 per share of common stock in cash, which represents a 33% premium to Infoblox’s average closing share price over the last 60 trading days, and a 73% premium to Infoblox’s unaffected closing price as of May 11, 2016, when media reports of interest in acquiring Infoblox were first published. The transaction values Infoblox at approximately $1.6 billion. The agreement was unanimously approved by Infoblox’s Board of Directors.
“Vista has an excellent track record of supporting and adding value to technology companies, and we are thrilled to bring on a partner of their caliber and strategic expertise,” said Jesper Andersen, President and CEO of Infoblox. “This transaction will provide immediate and substantial value to Infoblox stockholders, while also giving Infoblox greater flexibility to execute on our long-term strategy to drive increased DDI automation and DNS security into the enterprise market. We are excited to begin our partnership with Vista and look forward to leveraging their operational insights as we continue to deliver the industry-leading products, solutions and customer service on which our customers rely.”
“As all industries are moving to the cloud in record speed, and as connected devices proliferate, companies depend more than ever on network automation and security,” said Brian Sheth, Co-Founder and President of Vista Equity Partners. “Infoblox is the trusted market leader in DDI solutions, and their strategy and portfolio of secure automated networking solutions make the company uniquely positioned to deliver for its customers. We are looking forward to working with the talented team at Infoblox to support the company’s strategic vision and grow its industry leadership.”