Consumer stocks are lower today with shares of consumer staples
companies in the S&P 500 sliding 0.6%. Shares of consumer
discretionary firms in the S&P 500 also are down around
In company news, CHS Inc. (
) is down 8.7% at $29.15 a share shortly before the closing bell
and the agra-business firm today pricing an offering of 10 mln
shares of its Class B of 7.875% acumulative redeemable preferred
stock at $25.00 per share.
CHSCP is expecting to pocket about $241.6 million in net
proceeds after underwriting discounts, commissions and other
offering costs are deducted.
In other sector news,
(+) NYNY, Federal judge in Manhattan dismisses lawsuit brought
by Concord Associates accusing the casino company of antitrust
violations and seeking over $500 million in damages.
(-) JCP, Vornado Realty Trust sells 13.4 million shares - its
entire 6.1% stake - of the department store chain's stock at $13.10
apiece, according to Dow Jones Newswires, citing a person familiar
with the deal.
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