Shares of VimpelCom Ltd (ADR) (NASDAQ:VIP) ended Thursday session in green amid volatile trading. The shares closed up +0.30 points or 9.01% at $3.63 with 10.80 million shares getting traded. Post opening the session at $3.35, the shares hit an intraday low of $3.32 and an intraday high of $3.68 and the price vacillated in this range throughout the day. The company has a market cap of $5.99 billion and the numbers of outstanding shares have been calculated to be 1.75 billion shares.
VimpelCom Ltd (ADR) (VIP) on Sept. 12, 2016 announced the commencement of an offering by selling shareholder Telenor East Holding II AS (“Telenor”) of 142,500,000 American Depositary Shares (“ADSs”), each representing one common share of the Company. Telenor intends to grant the underwriters an option to purchase up to 21,375,000 additional ADSs at the offering price, less underwriting discounts and commissions. The price for the offering has not yet been determined. Before pricing of the ADS offering, Telenor may also launch a 3-year bond exchangeable into VimpelCom ADSs in an aggregate principal amount of up to USD 1,000,000,000, with an exchange premium which could be up to 35 per cent. The exchangeable bond will be launched outside the United States to non-US persons, pursuant to Regulation S under the U.S. Securities Act.
VimpelCom will not receive any proceeds from the sale of the ADSs by Telenor, and Telenor’s sale of the ADSs will not result in dilution of the Company’s issued and outstanding shares.
Shares of Xerox Corp (NYSE:XRX) ended Thursday session in green amid volatile trading. The shares closed up +0.08 points or 0.82% at $9.81 with 9.12 million shares getting traded. Post opening the session at $9.72, the shares hit an intraday low of $9.68 and an intraday high of $9.83 and the price vacillated in this range throughout the day. The company has a market cap of $9.92 billion and the numbers of outstanding shares have been calculated to be 1.01 billion shares.
On September 8, 2016 In a small office, productivity drain can begin with a piece of office equipment or a process that no one quite knows how to manage. Whether it’s dealing with connectivity problems, slow print speeds, poor image quality or complicated set-up, before you know it, three people lend a hand and work comes to a grinding halt.
To help small and medium-size businesses avoid the loss, Xerox introduced the Xerox WorkCentre® 3335/3345 Multifunction Printers (MFPs) and Xerox Phaser® 3330, a set of new black-and-white printers that anyone – even the least tech-savvy person in the office – can operate.
“If you’re the person down the hall who’s constantly interrupted to help someone print from the cloud or connect to the Wi-Fi, you will love these products,” said Tracey Koziol , senior vice president, Office and Solutions Business Group, Xerox. “Forget clicking through multiple sub-menus; we put 90 percent of the basic functions on the main screen, so anyone can click and move on to the next task at hand.”
The printers make it easy to connect to mobile devices and to simplify setup. Internal Wi-Fi connectivity and Near Field Communication tap-to-pair allow mobile workers to link their phones and tablets for easy mobile printing from any location. Time-saving features, such as the Wi-Fi installation wizard and on-device address book, take the guesswork out of wireless connectivity and enable faster document delivery.