On Monday, Shares of Dealertrack Technologies, Inc. (NASDAQ:TRAK), surged 58.04% to $62.98.
Cox Automotive, Inc., a leading provider of digital marketing, wholesale and e-commerce solutions across the automotive industry, and Dealertrack Technologies, Inc. (TRAK), a leader in software solutions and services for automotive retailers, recently declared that they have reached a definitive merger agreement.
Cox Automotive will acquire Dealertrack in an all-cash transaction valued at $4 billion, or $63.25 per share. The acquisition is subject to a minimum tender of at least a majority of the outstanding Dealertrack common shares and customary closing conditions, and is predictable to close in the third quarter of 2015. The Dealertrack Board of Directors has unanimously approved the acquisition and recommends that Dealertrack stockholders tender their shares in favor of the transaction.
The combination of Cox Automotive and Dealertrack will create a broader suite of open solutions that deliver greater value to consumers, dealers, lenders, manufacturers and the overall automotive industry. Dealertrack’s broad solution set for dealers is an excellent complement to Cox Automotive’s vehicle remarketing services and digital markets and software solutions that serve the wider automotive ecosystem. In addition, the combination will better serve customers across global markets through each company’s respective international footprint. Together, Cox Automotive and Dealertrack will be well positioned to assist customers grow their businesses and enhance efficiencies as they navigate a rapidly changing global automotive industry.
“This is a great investment in our customers and in the auto industry,” said Sandy Schwartz, President of Cox Automotive. “We have long admired the Dealertrack team and its highly respected brands. Integrating our platforms will be a big step forward in our shared vision of providing open, cost-effective and efficient solutions for dealers, lenders, manufacturers and consumers. We look forward to working with Mark O’Neil and his team as Mark continues to lead the attained businesses and as we continue to innovate for our customers.”
Dealertrack Technologies, Inc. provides Web-based software solutions and services to the automotive retail industry in the United States and Canada. It offers digital marketing solutions, which provide Websites, digital advertising, and other digital marketing offerings to assist dealers in achieving higher lead conversion rates that assist to optimize various shoppers to their Websites.
Shares of JD.com, Inc. (NASDAQ:JD), declined -3.48% to $36.63, during its last trading session.
JD.com, declared that Unilever, one of the world’s best-known names in consumer products for personal care, home care and food categories, will launch a flagship store on JD Worldwide, JD.com’s cross-border e-commerce platform. The Unilever flagship store will feature products from a range of Unilever’s most popular global brands, some of which will be made accessible to Chinese consumers for the first time.
The Unilever flagship store launch coincides with JD.com’s major anniversary sale, with products from some of Unilever’s best-known health and beauty brands now accessible on JD Worldwide. Brands featured comprise Ponds, Dove, Vaseline and Lux. The offering comprises three product lines from Lux’s shampoo range that are presently the best-selling shampoo products in the Japanese market, which are now accessible for the first time in the Chinese market through JD Worldwide. In the coming months, the range of products featured will be extended to comprise some of Unilever’s premium personal care, home hygiene and food brands.
Joining JD Worldwide expands Unilever’s partnership with JD.com, which formerly focused on JD.com’s direct sales e-tail business. Unilever has sold products through JD.com’s e-commerce platform since 2013.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books.
Finally, Office Depot, Inc. (NASDAQ:ODP), ended its last trade with -1.53% loss, and closed at $9.04.
Office Depot, Inc. a leading global provider of office products, services, and solutions, and parent company of Office Depot and OfficeMax knows this time of year is important to honor graduates and dads. With the latest in tech products and dorm room essentials counting accessories, Office Depot and OfficeMax retail stores are the season’s go-to destination for graduation and Father’s Day gifts.
“With so many options, buying gifts for special occasions such as graduation and Father’s Day is becoming increasingly challenging,” said Tim Rea, executive vice president and chief marketing officer for Office Depot, Inc. “We offer a one-stop shop for everyone’s gifting needs. Whether you are looking for dorm room furniture to gift that graduating high school senior or the latest in tech gear for dad, your local Office Depot and OfficeMax stores have it.”
When it comes to graduation gifts, the latest Office Depot Personal Shopper Index found that price and release dates for the hottest technology products are two of the most important factors considered in purchasing a graduation gift. On average, consumers expect to pay more for a high school graduation gift ($142) than a college graduation gift ($95). While gift cards or money are the most popular gifts for high school and college grads, dorm room furniture and accessories for high school grads and technology gifts for college grads are the second most popular items.
“While graduation gifts are top of mind, Father’s Day is also fast approaching,” said Rea. “Office Depot offers a number of hot gear and related items that all dads would love, counting a large assortment of popular technology products, from laptops to Bluetooth speakers, as well as quality office gear to assist dads stand out. Office furniture and desk chairs are also great gift ideas to assist dads spruce up their workspace.”
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
