DJIA Week in Review: HTC Drops Microsoft, GE Purchases Avio
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Pfizer’s (NYSE:PFE) board of directors has declared a 24-cent first quarter 2013 dividend on the firm’s common stock, payable March 5th to shareholders of record at the close on February 1st. The company increased the dividend by approximately 9 percent from 22 cents to 24 cents per share.
United Technologies Corporation’s (NYSE:UTX) Sikorsky S-76D, which recently received Type Certification from the United States FAA, will receive the LCR-100 attitude and heading reference system manufactured by Northrop Grumman (NYSE:NOC).
Exxon Mobil Corporation (NYSE:XOM) said that its affiliate, ExxonMobil Exploration and Production South Africa Limited, will soon initiate exploration activities offshore South Africa. The affiliate reached an agreement with Impact Africa Limited, a subsidiary of Impact Oil & Gas Limited, to purchase a 75 percent participating interest in the Tugela South Exploration Right and will also become operator.
Intel Corporation (NASDAQ:INTC), Comcast Corporation (NASDAQ:CMCSA), and Bright House Networks, who collectively own approximately 13% of Clearwire’s voting shares, have given the latter their commitments to vote their shares in support of the proposed Sprint transaction. In the meantime, SoftBank has provided its consent to the transaction as mandated through the terms of its recently announced merger agreement with Sprint. Clearwire and Sprint have reached agreements that provide up to $800 million of additional financing for Clearwire in exchangeable notes which will be exchangeable under certain conditions for Clearwire common stock at $1.50 per share and subject to adjustment under certain conditions.