On Thursday, Shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU), gained 8.90% to $60.54.
Qihoo 360 Technology Co, declared that the independent special committee of the Company’s Board of Directors, formed to consider the formerly declared non-binding “going private” proposal that the Board received on June 17, 2015, has retained J.P. Morgan Securities (Asia Pacific) Limited as its financial advisor to assist it in this process. The special committee has retained Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel, and the buyer group proposing the going-private transaction is represented by Kirkland & Ellis.
Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments.
Shares of NRG Yield, Inc. Class C (NYSE:NYLD), declined -1.54% to $21.78, during its last trading session.
NRG Yield, has priced its formerly declared offering of $250 million in aggregate principal amount of its 3.25% convertible senior notes due 2020. NRG Yield has granted the initial purchasers the option to purchase up to an additional $37.5 million in aggregate principal amount of the Notes. The Notes will be issued at a price equal to 100% of the principal amount thereof plus accrued interest, if any. The Notes will be fully and unconditionally guaranteed on a senior basis by NRG Yield LLC and NRG Yield Operating LLC, the direct and indirect auxiliaries of the Company, respectively. NRG Yield will lend the net proceeds from this offering to Yield Operating LLC, and Yield Operating LLC intends to use a portion of the proceeds to repay outstanding indebtedness under the revolving credit facility and a portion of the project indebtedness associated with the Company’s Alta X and Alta XI wind facilities. Any remaining proceeds will be used for general corporate purposes, counting the acquisition of assets from NRG Energy, Inc. or other third parties, although NRG Yield does not presently have any agreements to do so in place. The offering of the Notes is predictable to close on June 29, 2015, subject to the satisfaction of customary closing conditions.
NRG Yield, Inc., through its auxiliaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States.
Finally, Fifth Street Finance Corp. (NASDAQ:FSC), ended its last trade with 0.78% gain, and closed at $6.49.
Fifth Street Finance Corp., declared that it plans to report earnings for the quarter ended June 30, 2015 after the financial markets close in New York on Thursday, August 13, 2015.
FSAM will hold a conference call at 10:00 a.m. (Eastern Time) on Friday, August 14, 2015, to talk about its quarterly financial results.
Fifth Street Finance Corp. is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and administration buyouts in small and mid-sized companies.
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