Shares of Vodafone Group Plc (ADR) (NASDAQ:VOD) ended Wednesday session in red amid volatile trading. The shares closed down -0.45 points or -1.47% at $30.23 with 4.26 million shares getting traded. Post opening the session at $30.53, the shares hit an intraday low of $30.15 and an intraday high of $30.59 and the price vacillated in this range throughout the day. The company has a market cap of $77.71 billion and the numbers of outstanding shares have been calculated to be 26.56 billion shares.
On August 3, 2016 Vodafone Group Plc (ADR) (VOD) and Liberty Global plc (NASDAQ: LBTYA, LBTYB and LBTYK) welcomed the conditional clearance by the European Commission of the two companies’ proposed merger of their operating businesses in the Netherlands to form a 50:50 joint venture.
Following its Phase I investigation, the European Commission concluded that the transaction, as modified by the commitments offered by the parties, does not raise any competition concerns.
The commitments entail a divestment of Vodafone Netherlands’ consumer fixed business, prior to closing of the proposed merger of the two companies’ Dutch operations. This represents a structural remedy offered by the parties to address any concerns regarding the overlap between the fixed telecoms and TV activities of Vodafone and Ziggo in the Netherlands. Having already received a number of expressions of interest, the parties will now proceed with the sale process.
Vodafone Netherlands’ consumer fixed business has a customer base of more than 120,000 with a high triple-play penetration rate. The divestment could potentially also include MVNO access subject to agreement on commercial terms.
Shares of Corning Incorporated (NYSE:GLW) ended Wednesday session in red amid volatile trading. The shares closed down -0.06 points or -0.26% at $22.82 with 10.39 million shares getting traded. Post opening the session at $22.85, the shares hit an intraday low of $22.70 and an intraday high of $22.92 and the price vacillated in this range throughout the day. The company has a market cap of $23.78 billion and the numbers of outstanding shares have been calculated to be 1.04 billion shares.
Corning Incorporated (GLW) on AUGUST 30, 2016 announced its groundbreaking innovation – Corning® Gorilla® Glass SR+. Specifically designed for wearable devices, this new glass composite significantly reduces visible scratches while delivering the toughness, optical clarity and touch sensitivity that make Gorilla Glass famous.
With rigorous daily activity, consumers put their wearable devices to the test, leaving them exposed to damage. To overcome the challenges facing the screens on these devices, Corning scientists developed a new glass composite engineered to better endure the bumps, knocks and scrapes wearables encounter while maintaining the optical clarity and touch sensitivity required for on-the-go connectivity.
In a league of its own
In lab tests, Corning Gorilla Glass SR+ demonstrated superior scratch resistance approaching that of alternative luxury cover materials, while delivering up to 70 percent better damage resistance against impacts and 25 percent better surface reflection than those alternative materials. Such step improvements in optical performance enable longer battery life and improved outdoor readability.
“In early 2015, Corning launched Project Phire with the goal of engineering glass-based solutions with the scratch resistance approaching luxury cover materials, combined with the superior damage resistance of Gorilla Glass,” said Scott Forester, director, innovation products, Corning Gorilla Glass. “Corning Gorilla Glass SR+ delivers a superior combination of properties that is not available in any other material – it is in a class of its own.”