On Monday, Shares of zulily, Inc. (NASDAQ:ZU), surged 49.09% to $18.74.
Liberty Interactive Corporation and zulily, inc. declared that they have reached a definitive agreement under which Liberty Interactive will acquire all outstanding shares of zulily for $18.75 per share. The acquisition will be attributed to Liberty Interactive’s QVC Group tracking stock.
The projected transaction will bring two highly complementary businesses under common ownership and further strengthen QVC’s leadership position in experiential, discovery driven shopping. While QVC and zulily will be operated as separate consumer facing brands, the partnership creates numerous exciting opportunities, counting leveraging QVC’s global scale, curation, vendor relationships and video commerce expertise at zulily. Similarly, zulily’s younger customer demographic, personalization expertise and eCommerce capabilities will boost QVC.
zulily, inc. operates as an online retailer in the United States, Canada, Australia, the United Kingdom, and internationally. The company provides merchandise to moms purchasing for their children, themselves, and their homes.
Shares of Oasis Petroleum Inc. (NYSE:OAS), declined -2.10% to $10.26, during its last trading session, after Jefferies lowered its price target from $14 to $12, and reiterated its “hold” rating.
The firm also cut its 2015 earnings estimates to $0.82 per share from $1.18 per share, with 2016 earnings estimates lowered to a loss of $0.30 from earnings of $0.38 per share.
With reduced benefit from hedges next year, Oasis Petroleum needs higher commodity prices to protect its capital program to mitigate production declines without hurting the balance sheet, the firm noted.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Finally, American Capital Agency Corp. (NASDAQ:AGNC), ended its last trade with -0.20% loss, and closed at $19.90.
American Capital Agency Corp., declared that its Board of Directors has declared a cash dividend of $0.20 per share of common stock for August 2015. The dividend is payable on September 8, 2015 to common stockholders of record as of August 31, 2015, with an ex-dividend date of August 27, 2015.
The Company also declared its estimated net book value of $24.13 per share of common stock as of July 31, 2015. The estimated net book value per common share is the Company’s total estimated stockholders’ equity after deducting the Company’s common stock dividend declared on July 13, 2015, which was paid on August 7, 2015, less the preferred stock liquidation preference, divided by the number of common shares outstanding as of month end. The estimated net book value is unaudited and has not been verified or reviewed by any third party. The Company’s current net book value may also be materially different from its estimated net book value as of July 31, 2015. The Company undertakes no obligation to update or revise its estimated net book value.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency.
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