A flurry of activity was witnessed on the last trading day
of the week, with foreign and local participants adjusting their portfolios.
As a result of the announcements, the Index changes will take place after the market closes on April 29, 2016, (the last trading day
of April 2016) and be effective on May 2, 2016.
On the last trading day
before a holiday-shortened trading week, the utilities sector was the strongest, and the industrials sector was the weakest, indicating market participants had more of a risk-off outlook and less of a risk-on perspective.
Thursday, the last trading day
this week, was mixed but tipping into green territory as the price index showed a gain of 12.4 points to 6,453.3 points and the majority of sector indices also came up.
In a separate statement, the Beirut Stock Exchange said Friday will be the last trading day
German and Japanese stocks led the retreat on their last trading day
of the year.
This represents a premium of approximately 27% over $84.41, closing price of KMI stock on May 26, the last trading day
before the investor group made its proposal to take the company private.
The notes have become convertible because the sale price of AMR's common stock for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day
of the calendar quarter ended 31 December 2006 was greater than 120% of the conversion price per share of AMR common stock on that last trading day
That is more than 57% above the price of the stock on July 25, 2006, the last trading day
before the company's announcement that it planned to explore strategic options.
Based on the closing stock prices of CME and CBOT on October 16, 2006, the last trading day
prior to the announcement of the merger, the combined company is valued at $25 billion (CME equity $18 billion; CBOT equity $7 billion).
The current offer represents a multiple of 13.4 times normalized EBITDA and a 23% premium over the closing price on July 8, 2005, the last trading day
prior to VNU's announcement of its planned merger, since abandoned because of shareholder opposition, with IMS Health.
Under the indenture governing the notes, a holder may convert any of its notes into BEI common stock during any fiscal quarter if the sale price of the common stock for at least 20 consecutive trading days in the 30 trading days ending on the last trading day
of the immediately preceding fiscal quarter exceeds 120 percent of the conversion price on that 30th trading day.