Active Stocks in Focus: Schlumberger Limited (NYSE:SLB), Philip Morris International, Inc. (NYSE:PM), OM Group Inc. (NYSE:OMG)

A Schlumberger Limited (NYSE:SLB) and Cameron (CAM) company, Woodside Energy Ltd. and OneSubsea  jointly declared that OneSubsea has been awarded a front-end engineering and design or FEED contract for the proposed Woodside-operated Browse FLNG Development offshore northwest Australia. OneSubsea experts, operating out of OneSubsea’s Perth city office, will work collaboratively with Woodside to fully define and determine the optimal subsea production system design and equipment requirements for the Browse FLNG Development. The contract will involve up to 20 locally employed people working on the subsea scope over the next 12 to 18 months as Woodside prepares for a final investment decision. The scope was tendered to internationally and locally based suppliers. OneSubsea was selected with a competitive proposal that reflected the current economic climate. Schlumberger Limited (NYSE:SLB) stock hit highest price at $84.23, beginning with a price of $82.87 and reported a decrease of -0.62% to close at $83.49 with a day range of $82.40-$84.23.

Philip Morris International, Inc. (NYSE:PM) aims to sell more than $1B valued of shares in its Indonesian operation, according to the Wall Street Journal quoting people familiar with the matter. The released articulated that Philip Morris has tapped investment banks comprising Goldman Sachs Group Inc., Credit Suisse Group AG, J.P. Morgan, and local firm Mandiri Sekuritas for the sale of shares in PT HM Sampoerna Tbk. The sale will allow Philip Morris to comply with a pending stock-exchange rule requiring all Indonesia-listed firms to have at least 7.5% of their shares in public hands. Philip Morris currently owns 98.2% of the unit.Last month, Philip Morris International announced that its subsidiary, PT HM Sampoerna Tbk. would explore options to comply with the Indonesian Stock Exchange’s mandatory requirement of a minimum threshold for public shareholding. Shares of Philip Morris International, Inc. (NYSE:PM) traded at $81.20 by surging 0.04% with price volatility of 1.23% for a week and 1.34% for a month. Its beta stands at 0.93 times.

OM Group Inc. (NYSE:OMG) released that expiration of the 35-day “go shop” period pursuant to the terms of the merger contract dated May 31, 2015 among the Company and funds managed by affiliates of Apollo Global Management, LLC and a wholly-owned subsidiary of Platform Specialty Products (PAH). During the “go shop” period, the Company engaged in an active and extensive solicitation of 49 potentially interested parties, which resulted in five parties engaging in informal discussions with the Company or its advisors, and three parties negotiating and entering into confidentiality agreements with the Company and being provided information.Prior to the expiration of the “go-shop” period, the Company’s Board of Directors received a written “company takeover proposal.” OM Group Inc. (NYSE:OMG) stock has highest price of $34.94 in last session, beginning with a price of $34.44 and reported an advance of 3.97% to close at $34.79 with a day range of $34.33-$34.94. The stock is going forward its 52-week low with 59.98% and moving down from its 52 week high price with 0.46%.