On Friday, Shares of Axalta Coating Systems Ltd (NYSE:AXTA), lost - 3.30% to $28.45.
Axalta Coating Systems Ltd., has priced a secondary offering of 30,000,000 of its common shares at $29.75 per share. All of the shares are being offered by certain associates of The Carlyle Group. The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 4,500,000 common shares. Axalta will not receive any proceeds from the offering, counting from any exercise by the underwriters of their option to purchase additional common shares.
Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities, and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse, Jefferies and UBS Investment Bank. Co-managers are Morgan Stanley, BB&T Capital Markets, Nomura, SMBC Nikko and Academy Securities.
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings.
Shares of Centurylink Inc (NYSE:CTL), declined -2.17% to $27.11, during its last trading session.
CenturyLink, declared that residents and businesses in some areas of Seattle can now subscribe to PrismTV, an interactive TV service delivered through CenturyLink’s nationwide fiber optic network. Prism TV is a new alternative to cable and satellite services, providing customers with advanced features and the latest in entertainment technology.
In mid-2014, CenturyLink began deploying fiber-enabled 1-gigabit broadband service to residential and business customers throughout various Seattle neighborhoods. This fiber broadband service is accessible recently to more than 100,000 homes and 5,500 business locations in the Seattle area. CenturyLink is now making additional investments to offer entertainment services such as Prism TV.
“CenturyLink is happy to bring a new choice in video services to Seattle. Prism TV’s innovative technology is the perfect complement to our 1 gig services,” said Sue Anderson, CenturyLink vice president of operations for Washington. “We appreciate the City of Seattle’s role in modernizing outdated regulations that allowed us to build our fiber optic network and bring new competitive choices to the market, first our gigabit service and now Prism TV.”
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer.
At the end of Friday’s trade, Shares of Electronic Arts Inc. (NASDAQ:EA), lost -3.22% to $65.53.
Electronic Arts, is calling on a new team of playmakers to thwart a rival and usher in the return of Madden Season. Dave Franco and Christopher Mintz-Plasse must assemble a heroic squad of playmakers counting Antonio Brown (Sticky Bun), Rob Gronkowski (Half Top), Julio Jones (Trick Montalban), in addition to Coach Rex Ryan (Little Pepper) and introducing Colin Kaepernick in a very special role. It’s a story so epic, it can only be Madden Season. The trailer for Madden: The Movie can be seen here, if you’re ready for this level of awesome.
Madden: The Movie celebrates the return of Madden Season with an over-the-top action movie trailer that is sure to get fans fired up for the launch of Madden NFL 16. This year’s game is all about being a playmaker both on and off the field, with new features in the passing game in addition to the brand-new Draft Champions mode. Madden Season serves as the unofficial kickoff to the NFL season, and a time when friends become frenemies, rivalries are in full swing and football is back.
Madden NFL 16 is developed in Orlando, Florida by EA Tiburon and will be accessible for Xbox One, the all-in-one games and entertainment system from Microsoft, PlayStation 4 computer entertainment system, Xbox 360 games and entertainment system and PlayStation 3 entertainment system on August 25, 2015.
Electronic Arts Inc. develops markets, publishes, and distributes game software content and online services for video game consoles, Internet-connected consoles, personal computers, mobile phones, and tablets worldwide.
Finally, Jumei International Holding Ltd(ADR) (NYSE:JMEI), ended its last trade with -9.19% loss, and closed at $11.76.
Jumei International Holding Limited stated its unaudited financial results for the second quarter ended June 30, 2015. The Company will host a conference call to talk about the results at 8:00 AM U.S. Eastern Daylight Time on August 20, 2015 (8:00 PM China time on the same day).
Second Quarter 2015 Highlights
- Net revenues raised by 99.5% year-over-year to US$308.1 million.
- Total net GMV raised by 30.0% year-over-year to US$376.2 million, driven primarily by a 28.0% enhance in the number of active customers and a noteworthy 58.2% enhance in total orders.
- Gross profit as a percentage of net revenues reduced to 30.0% from 46.3% in the same period of 2014. Gross profit as a percentage of total net GMV reduced slightly to 24.5% from 24.7% in the same period of 2014. The decrease was primarily due to the Company’s shift in strategy from beauty product marketplace sales to merchandise sales that started in September 2014, and promotional activities associated with baby and maternity products.
- Net income attributable to Jumei’s ordinary shareholders raised by 11.0% to US$17.1 million from US$15.4 million in the same period of 2014. Net margin attributable to Jumei’s ordinary shareholders was 5.6%, contrast with 9.9% in the same period of 2014.
- Non-GAAP net income attributable to Jumei’s ordinary shareholders was US$20.1 million, an enhance of 12.9% from the same period of 2014. Non-GAAP net margin attributable to Jumei’s ordinary shareholders was 6.5%, contrast with 11.6% in the same period of 2014.
Jumei International Holding Limited operates as an online retailer of beauty products in the People’s Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children.
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