Not exact matches
• Leo Holdings, a London -
based blank check
company, raised $ 200 million
in an IPO of 20 million
shares priced at $ 10 a piece.
If Mr. Musk were somehow to increase the value of Tesla to $ 650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest
companies in the United States,
based on current valuations — his stock award could be worth as much as $ 55 billion (assuming the
company does not issue any more
shares over the next decade, which is unrealistic).
Shares in South Perth -
based Noble Mineral Resources have surged more than 37 per cent on news Chinese group Zhongrun is to invest $ 87.7 million and take a 42 per cent stake
in the
company.
In a time when tech
companies are starting to behave like industry giants of the past, taking their interests — and their money — to K Street to influence legislation (consider Mark Zuckerberg's immigration lobby), it seems natural that several of these scrappy
sharing -
based start - ups are beginning to band together.
Shares in Perth -
based biotechnology
company Orthocell have risen slightly on the back of it striking a partnership with leading Swedish medical technology
company Bonesupport.
Chinese tech giants are now outright acquiring or taking majority
shares in overseas
companies, such as Ctrip's (China's leading online travel agency and number two market leader
in the world, second only to Priceline) acquisition of the UK's leading travel search site Skyscanner, Tencent's 93 % investment
in U.S. -
based gaming
company Riot Games and 84 % investment
in Finland -
based gaming
company Supercell, and Alibaba's 83 % stake
in Southeast Asia's online shopping site Lazada.
The Milwaukee, Wisconsin -
based company said its net income fell to $ 174.8 million, or $ 1.03 per
share,
in the first quarter ended April 1, from $ 186.4 million, or $ 1.05 per
share, a year earlier.
Wall Street reacted favorably to Facebook's sales increase and its growing user
base, with the
company's
shares rising 7 %
in after - hours trading on Wednesday to $ 170.75.
• IBEX Holdings, a Hamilton, Bermuda -
based customer service
company, said it plans to raise $ 60 million
in an IPO of 4 million
shares priced between $ 14 to $ 16 apiece.
All of these things take time to learn, and this knowledge
base is part of the unique culture and
shared language of the
company; when employees leave, or when new hires get brought on board, the
company needs to have a plan
in place to preserve the continuity of the
company's institutional knowledge.
Perth -
based car dealer and logistic
company Automotive Holdings Group has reported a strong rise
in statutory net profit on record group revenue, though earnings per
share were down slightly.
• Ranger Energy Services, a Houston, Texas -
based rig and well operator, raised $ 85 million
in an offering of 5.86 million
shares at $ 14.50 a piece, below the
company's previously stated range.
• Sea Ltd., a Singapore -
based entertainment
company, raised $ 884 million
in an IPO of 59 million
shares at $ 15 a piece.
The
share price of the Netherlands -
based construction
company, which specializes
in the oil and gas industry, was halved
in 2014.
• Ofo, a Beijing -
based bike -
sharing company, raised an undisclosed amount
in funding, from Alibaba's financial arm, Ant Financial, according to TechCrunch.
The
company's board put a special provision
in Papa's employment agreement that turbocharges his pay the way a videogame might when a player levels up into bonus points mode: If Valeant's stock price reaches a new high of at least $ 270 a
share in the next three years, Papa gets double the allotment of performance -
based stock.
On a non-GAAP
basis (excluding stock -
based compensation expenses, amortization of intangible assets, reorganization costs, goodwill and technology impairment charges, the impact of the US tax reform and a loss from discontinued operations), the
Company recorded a net loss of $ (1.6) million, or $ (0.54) per diluted
share in 2017, compared with a net loss of $ (375,000), or $ (0.13) per diluted
share in 2016.
• Blue Apron, the New York City -
based meal kit
company, said it expects to sellf 30 million
shares in the range of $ 15 to $ 17 a
share, raising as much as $ 510 million.
• ProPetro Holding, a Midland, Texas -
based oilfield services
company backed by Energy Capital Partners, raised $ 350 million
in an IPO by offering 25 million
shares at $ 14 per
share, below its expected range of $ 16 to $ 19.
Ma reaped more than $ 800 million selling
shares in the
company he set up 15 years ago as Alibaba listed on the New York Stock Exchange Friday,
based on
company filings, with the value of his remaining stake of 7.8 percent surging to more than $ 17 billion by Monday.
Shares in Perth -
based Kibaran Resources surged on news it had received an offer from an unnamed institution to co-finance the
company's Epanko graphite project
in Africa, with a loan of up to $ 28 million.
Shares in Nedlands -
based waste management
company Tox Free Solutions were higher this morning after it flagged a first - half profit upgrade.
Oil and gas
company Zeta Petroleum has launched a proposal to acquire full ownership of Sydney -
based Pan Pacific Petroleum by buying all the
shares it doesn't already own
in the
company,
in a deal worth $ 29.4 million.
Shares in thermal energy
company Enerji surged on news it will be collaborating with Perth -
based technology firm Panorama Synergy to develop a hydrocarbon monitoring system.
According to PrivCo, a New York -
based private
company research firm, the top eight mattress
companies in the world — all of which have brick - and - mortar stores — dominate at least 38 percent of the industry's retail market
share.
Shares in Perth -
based junior Lucapa Diamond
Company have surged on news it has signed a 35 - year licence to mine alluvial diamonds at the Lulo diamond concession
in Angola.
Shares in Perth -
based Carbon Conscious have surged on news it commenced milk production at a Chinese - owned dairy farm
in the South West, with the
company planning to expand its cow herd by nearly 500 per cent by 2017.
Shares in Perth -
based oil and gas
company Range Resources gained nearly 20 per cent on the ASX after it announced it had attracted the backing of Hong Kong -
based institutional investment group Abraham.
Shares in Perth -
based MOD Resources surged 350 per cent today on positive drilling results at the
company's copper tenements
in Botswana.
Last week, San Francisco -
based Slack announced a new
shared channel feature that will let workgroups at different
companies — which must be paid Slack accounts — set up
shared channels, thus enabling a marketing team at a
company work
in a channel with their advertising or PR agency.
Nedlands -
based explorer Bullabulling Gold has advised its shareholders to reject Norton Gold Fields» increased takeover offer of 8 cents per
share to obtain a 30 per cent interest
in the
company.
Shares in Subiaco -
based explorer Triton Minerals skyrocketed on news it signed a $ US2 billion ($ A2.6 billion) offtake agreement with a Chinese
company for graphite from its Mozambique project.
Facebook's
shares, which had risen
based on optimism about the
company's third quarter results and a bit more after a stellar report, fell 2.1 %
in after - hours trading to $ 178.85.
M&A will never be 100 % successful and we learn from every deal we do, and so not to pick on any specific deal, but I've learned,
based on relative success of deals we've done
in the past, is making sure the key leaders at the
company share a vision with the founder, making sure the strategy drives the M&A, as opposed to the M&A driving the strategy, and making sure we have good support mechanisms for these
companies after they come
in.
Shares in Perth -
based construction and development
company Diploma Group have surged on news it will sell its Quest Serviced Apartments
in Rockingham and Adelaide Terrace to undisclosed buyers for a combined value of $ 63.5 million.
Perth -
based company Cauldron Energy has secured $ 11 million
in funding through
share placement agreements with Chinese investors.
Shares in Mungana Gold Mines rose by more than 25 per cent after the
company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $ 15 million acquisition of the Chilagoe
base metal assets from the liquidators of Kagara, originally announced
in December last year.
Nedlands -
based sandalwood producer TFS Corporation will buy two US pharmaceutical
companies for $ US23.4 million ($ A30.3 million)
in cash and
shares.
Shares in Perth -
based online advertising business Tech Mpire rallied today on news the
company had hit a revenue milestone of $ 25 million, but it was a different story for former high - flyer 1 - Page.
• AMERI Holdings, a Princeton, NJ -
based company creating ERP software, raised $ 6 million
in an offering of nearly 1.48 million
shares priced at about $ 4.12, within its $ 4 6to $ 5 range.
--
based BlackBerry has gone from global leader
in smartphones to a crippled
company with marginal market
share.
Perth -
based explorer Musgrave Minerals»
share price has spiked 40 per cent after the
company released drilling results for its Deering Hills project
in northern South Australia.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions
in the industries and markets
in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any changes therein, including financial market conditions, fluctuations
in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand
in construction and
in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including
in connection with the proposed acquisition of Rockwell; (7) delays and disruption
in delivery of materials and services from suppliers; (8)
company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes
in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect of changes
in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates
in the near term and beyond; (16) the effect of changes
in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition of conditions that could adversely affect the combined
company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely
basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation of their businesses while the merger agreement is
in effect; (21) risks relating to the value of the United Technologies»
shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined
company, to retain and hire key personnel.
Berkshire paid $ 1.7 billion
in 2003 for Clayton, and the Marysville, Tennessee -
based company has since tripled its market
share, selling more than 34,000 homes last year.
The power behind Fink's threat to enforce his views hinges,
in part, on the standard of one
share, one vote — that shareholders» voting power is
based on the number of
shares they own
in a given
company rather than the votes of entrenched founders or early investors.
The Calgary -
based company reported a net loss of C $ 164 million, or a loss of 33 Canadian cents per
share,
in its fiscal second quarter ended Feb. 28, compared with a profit of C $ 147 million, or 30 Canadian cents...
• Arsanis, a Waltham, Mass. -
based clinical stage biopharmaceutical
company focused on monoclonal antibodies, raised $ 40 million
in an offering of 4 million
shares at $ 10 a piece, below its $ 15 to $ 17 range.
Kuraray will pay $ 1.1 billion
in cash, or $ 21.50 a
share, for the Pittsburgh -
based water purification
company in a deal targeted to close by the end of this year.
The San Francisco -
based company said
in a regulatory filing on Friday it would sell 25.7 million Class A common
shares, while selling stockholder Start Small Foundation, a charitable fund created by Dorsey, would sell about 1.35 million.
The Securities and Exchange Commission has halted trading
in shares of UBI Blockchain Internet, a Hong Kong -
based company, citing potentially inaccurate information
in its disclosures to the regulator and unusual and unexplained market activity
in the stock since November.