JA Solar Holdings Co., Ltd. (JASO) rallied $1.00, or 12.40%, to $8.08 in the pre-market session Friday after announcing a non-binding ‘going private’ proposal for $9.69 a share from its Chairman and Chief Executive Officer.
JA Solar said its board intends to form a special committee consisting of independent directors to consider this proposal. The company cautions its shareholders and others considering trading in its securities that the Board just received the proposal and has not made any decisions with respect thereto.
Shares of Endo International plc (ENDP) are lower by 1.05% to $83.30 in early morning trading on Friday. The company today announced the upsizing and pricing of its registered offering of ordinary shares. The size of the offering has been increased and the company will issue 24,024,025 ordinary shares at a price of $83.25 per share, for aggregate gross proceeds of approximately $2 billion as compared to $1.75 billion that was previously announced on June 2, 2015.
Goldman Sachs (GS) & J.P. Morgan (JPM), Barclays and Deutsche Bank Securities (DB) are acting as joint bookrunning managers of the underwriters for the offering.
Shares of Qunar Cayman Islands Limited (QUNR) are higher by nearly 5% to $50.12 in early trading on Friday after the company announced plans of its public offering of 6,526,316 ADSs at a price of $47.50 per ADS.
Qunar, China’s leading mobile and online travel platform, said it intends to use a majority of the net proceeds for general corporate purposes, including the acquisition of new users.
Zumiez, Inc. (ZUMZ) is one of today’s notable stocks in decline, down 18.40% to $24.26 following earnings and disappointing Q2 guidance. For the second quarter ending August 1, 2015, Zumiez guided EPS of $0.12 – $0.15 per share on revenue of $179 million – $183 million. Analysts on average are forecasting the apparel retailer to earn $0.30/shr on revenue of $193.7 million. In addition, Zumiez sees Q2 same-store sales falling 3% – 5%. The name was downgraded at Robert W. Baird and ROTH Capital this morning.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply