Altria (MO)
The tobacco giant hosted an investor conference in New York City on June 23. A transcript of comments from CEO Marty Barrington and other top executives is available here, and a related press release can be found here.
Apple REIT (APLE)
The real estate investment trust announced preliminary results of its modified “Dutch Auction” that expired June 22. Approximately 10.9 million shares were tendered at $19 per share, and the company expects to purchase 10.5 million shares at $19 per share for an aggregate purchase price of approximately $200 million.
The number of shares purchased in the tender offer represents approximately 6 percent of the company’s total common shares as of June 22, bringing the company’s outstanding common shares to 175.6 million.
CarMax (KMX)
The used-car retailer filed its earnings report for the first quarter that ended May 31. Net earnings increased 7.3 percent from the same quarter last year, from $169.7 million to $182 million. The full report can be found here.
Eastern Virginia Bankshares (EVBS)
The parent company of EVB fully bought its way out of the last remnants of its participation in the TARP Capital Purchase Program by spending $9 million to purchase the remaining 9,000 shares of its preferred stock from several groups of unidentified investors that bought them at a U.S. Department of Treasury auction in 2013.
Altria (MO)
The tobacco giant hosted an investor conference in New York City on June 23. A transcript of comments from CEO Marty Barrington and other top executives is available here, and a related press release can be found here.
Apple REIT (APLE)
The real estate investment trust announced preliminary results of its modified “Dutch Auction” that expired June 22. Approximately 10.9 million shares were tendered at $19 per share, and the company expects to purchase 10.5 million shares at $19 per share for an aggregate purchase price of approximately $200 million.
The number of shares purchased in the tender offer represents approximately 6 percent of the company’s total common shares as of June 22, bringing the company’s outstanding common shares to 175.6 million.
CarMax (KMX)
The used-car retailer filed its earnings report for the first quarter that ended May 31. Net earnings increased 7.3 percent from the same quarter last year, from $169.7 million to $182 million. The full report can be found here.
Eastern Virginia Bankshares (EVBS)
The parent company of EVB fully bought its way out of the last remnants of its participation in the TARP Capital Purchase Program by spending $9 million to purchase the remaining 9,000 shares of its preferred stock from several groups of unidentified investors that bought them at a U.S. Department of Treasury auction in 2013.