Keep a close eye on Manitowoc Company, Inc. (MTW). Billionaire investor Carl Icahn disclosed in a filing with the Securities and Exchange Commission a 7.77% stake in MTW, and said he plans to push the company to split its cranes and food-service equipment businesses into two separate companies
Mr. Icahn has not yet held talks with the company. He has amassed a stake of 10.5 million shares of MTW at a cost of about $146.6 million
MTW is a multi-industry, capital goods manufacturer with over 100 manufacturing, distribution, and service facilities in 24 countries. It is comprised of two segments – cranes and foodservice equipment
More about The Manitowoc Company, Inc. (MTW) at www.manitowoc.com.
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Eclipse Resources Corp. (ECR) said that it has entered into an agreement to sell 62,500,000 shares of common stock for $440 million in a private placement transaction, which is expected to result in net proceeds to ECR of approximately $434 million (after deducting placement agent commissions and the Company’s estimated expenses). The shares will be sold to the investors at a purchase price of $7.04 per share.
ECR intends to use the net proceeds from the private placement to fund its capital expenditure plan and for general corporate purposes.
ECR also reported that its Board of Directors has approved a capital budget for 2015 of $640 million, a decrease of 20% from its 2014 capital budget. As of result of the Company’s improvement in capital and drilling efficiencies, ECR expects to deliver year-over-year production growth of 240 – 290% in 2015. ECR expects that net production for 2015 will consist of approximately 60% natural gas, 20% condensate and oil, and 20% natural gas liquids.
ECR is an independent exploration and production Company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin, including the Utica and Marcellus Shales.
More about Eclipse Resources Corp. (ECR) at www.eclipseresources.com
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Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet
The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included Santa Ana, the county seat and second most populous city in Orange County, California ( www.santaana.crwe-pr.com ) to the CRWE Network.
Santa Ana is located in Southern California on the Santa Ana River, ten miles away from the California coast. It is only forty minutes southeast of Los Angeles. Santa Ana is home to two Fortune 500 companies, including Ingram Micro, and First American Corp. Santa Ana is also home to the famous guitar manufacturer, Rickenbacker International Corporation.
The City of Santa Ana had an estimated population in 2013 (U.S. Census Bureau) of 334,227, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
One of the primary goals of the CRWE Network is to offer business owners the power of consumer targeting advertisements on a local and national scale.
The CRWE Network has reached the 1486th community website in the U.S., associated with 3456 ZIP Codes, and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
Online video is gaining strength as a source for content marketing. Strategic plans are being developed for CRWE’s division CRWE Tube ( www.crwetube.com ) to improve the potential future growth for the company.
Together with its digital network of websites, CRWE provides and offers advertising branding, marketing solutions and services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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Disclaimer: This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
