Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) ended Friday session in red amid volatile trading. The shares closed down -0.32 points or -5.22% at $5.90 with 170.83 million shares getting traded. Post opening the session at $6.23, the shares hit an intraday low of $5.85 and an intraday high of $6.24 and the price vacillated in this range throughout the day. The company has a market cap of $4.45 billion and the numbers of outstanding shares have been calculated to be 795.56 million shares.
Advanced Micro Devices, Inc. (AMD) on Sep 9, 2016 announced that it commenced cash tender offers for up to $1,035 million aggregate total consideration for its outstanding 6.75% Senior Notes due 2019, 7.75% Senior Notes due 2020 (the “7.75% Notes”), 7.50% Senior Notes due 2022 and 7.00% Senior Notes due 2024 (collectively, the “Notes”), subject to any applicable Tender Cap. Concurrent with the tender offers, AMD is also soliciting consent from the holders of its 7.75% Notes for proposed amendments (the “Proposed Amendments”) to the terms of the 7.75% Notes to reduce the minimum notice period required in connection with redemption of the 7.75% Notes from 30 days to 3 business days. AMD intends to finance the purchase of the Notes tendered in the tender offers with the net proceeds from the closing of AMD’s common stock public offering of $600 million at a price of $6.00 per share (the “New Shares Offering”) and/or its public offering of $700 million of AMD’s 2.125% Convertible Senior Notes due 2026 (the “New Notes Offering”), which were separately announced by AMD.
The tender offers will expire at 12:00 midnight New York City time, at the end of the day on Oct. 6, 2016, unless extended (such date and time, as it may be extended, the “Expiration Date”) or earlier terminated by AMD. Holders who validly tender, and do not validly withdraw, their Notes on or prior to the Expiration Date, will receive the Tender Offer Consideration amount set forth in the table below for each $1,000 principal amount of Notes purchased in the tender offers, plus accrued and unpaid interest up to, but not including, the date of payment for the Notes accepted for payment (the “Tender Offer Consideration”). Furthermore, holders who validly tender, and do not validly withdraw, their Notes at or prior to 5:00 p.m. New York City time on Sept. 22, 2016 will receive the Early Tender Premium amount set forth in the table below for each $1,000 principal amount of Notes purchased pursuant to the Offers (the “Early Tender Premium”) in addition to the Tender Offer Consideration (the Tender Offer Consideration, together with any Early Tender Premium, the “Total Consideration”), in the amount set forth in the table below for each $1,000 principal amount of Notes. Upon the receipt of the required consents to approve the Proposed Amendments, AMD will enter into a supplemental indenture to amend the terms of the indenture governing the 7.75% Notes.
Shares of AT&T Inc. (NYSE:T) ended Friday session in red amid volatile trading. The shares closed down -1.48 points or -3.59% at $39.71 with 38.50 million shares getting traded. Post opening the session at $40.98, the shares hit an intraday low of $39.68 and an intraday high of $41.08 and the price vacillated in this range throughout the day. The company has a market cap of $235.52 billion and the numbers of outstanding shares have been calculated to be 6.15 billion shares.
On Sept. 9, 2016 You’re looking for iPhone 7 and iPhone 7 Plus and we’ve got them. Here’s what AT&T customers need to know to get one as early as possible.
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