Cameron International Corporation (NYSE:CAM) insider has recently participated in insider trading activity. Sr Vice Pres & CFO, SLEDGE CHARLES M sold 3,186 shares for $66.58 via one transaction Feb 17. Following the transaction, the insider now owns 134,806 shares in total, priced at $ 8914720.78 as of Thursday. Another notable insider trading was done by the same insider on Feb 16. SLEDGE CHARLES M acquired 15,145 shares at an average price of $65.02 for a total of $137,992. Moreover, MOORE JACK B carried out a sale of 50,000 shares at $64.93 each on Feb 16. The transaction amounted to $ 3,246,635. Director MOORE JACK B sold 50,000 shares for $63.41 through one transaction Feb 03. Following this sale, this insider’s stake in the company comprises 245,565 shares, priced at $16239213.45 as of Thursday.
The stock has experienced a total of 12 insider trades in the past three months. These trades include 10 sell activities and 2 buy trades. Furthermore, over the past 12 months, the stock was traded 36 times by insiders. In 24 of these trades, the insider was a seller while an employee of the company was the buyer in just 12 instances.
On February 12, 2016 Cameron International Corporation (CAM) announced the commencement of consent solicitations relating to its outstanding 1.150% Senior Notes due 2016, 1.400% Senior Notes due 2017, 6.375% Senior Notes due 2018, 4.500% Senior Notes due 2021, 3.600% Senior Notes due 2022, 4.000% Senior Notes due 2023, 3.700% Senior Notes due 2024, 7.000% Senior Notes due 2038, 5.950% Senior Notes due 2041 and 5.125% Senior Notes due 2043 (collectively, the “Notes”). As of February 11, 2016, there was $2,750,000,000 aggregate principal amount of Notes outstanding.
As previously announced, on August 25, 2015, Cameron International Corporation (“Cameron”) and Schlumberger Holdings Corporation (“SHC”), Rain Merger Sub LLC and Schlumberger Limited entered into a merger agreement, pursuant to which Cameron will become a direct, wholly owned subsidiary of SHC. Completion of the merger remains subject to regulatory approvals and customary closing conditions and is expected to occur during the first quarter of 2016. In connection with the merger, Cameron is making the consent solicitations at the request and expense of SHC.
The consent solicitation for each series of Notes will expire at 5:00 p.m., New York City time, on February 24, 2016, unless extended (the “Expiration Date”). The consent solicitation for each series of Notes is conditioned on the receipt of consents from holders of record as of 5:00 p.m., New York City time, on February 11, 2016 (the “Record Date”) of at least a majority in aggregate principal amount of that series of the Notes (“Majority Approval”). The consent solicitation for each series of Notes is also conditioned on the Company’s receiving Majority Approval for each of the other series of Notes and other customary closing conditions, each of which may be waived by the Company.
0 yorum:
Yorum Gönder