Orlando, FL -- (SBWIRE) -- 08/15/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On: Boston Scientific Corporation (NYSE:BSX), Texas Instruments Incorporated (NASDAQ:TXN).
Boston Scientific Corporation (NYSE:BSX) shares closed at $11.28. The company on August 13 completed a public offering of $1.05 billion aggregate principal amount of its senior notes under the company's shelf registration statement. The public offering consists of $600 million of 2.650% notes due October 1, 2018 and $450 million of 4.125% notes due October 1, 2023.
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The company previously announced that it intends to use the net proceeds from the offering, together with borrowings under its recent $400 million term loan facility, to redeem all or a portion of its (i) 5.450% notes due June 15, 2014, of which $600 million aggregate principal amount was outstanding as of the date hereof (the "June 2014 Notes"), and (ii) 4.500% notes due January 15, 2015, of which $850 million aggregate principal amount was outstanding as of the date hereof (the "January 2015 Notes"), and to pay related fees, expenses and premiums.
Texas Instruments Incorporated(NASDAQ:TXN) shares declined 1.23% to $38.69 in the pre-market hour. The company will begin trading ex-dividend on July 29, 2013. A cash dividend payment of $0.28 per share is scheduled to be paid on August 19, 2013. Shareholders who purchased TXN stock prior to the ex-dividend date are eligible for the cash dividend payment.
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Additionally, the company on July 22 reported that its second-quarter net income rose 48% to $660 million, or 58 cents a share, from $446 million, or 38 cents, a year earlier. In the recent quarter, earnings included a gain of 16 cents related to the transfer of technology to a customer. Excluding the gain, profit would have been 42 cents, compared with the average analyst prediction for 41 cents. Revenue fell 8.6 percent to $3.05 billion. Analysts had estimated sales of $3.06 billion.
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