On Monday, E-House (China) Holdings Limited (ADR) (NYSE:EJ)’s shares declined -11.51% to $5.92.
E-House Holdings Limited (EJ), a leading real estate services company in China, recently declared that the independent special committee of the Company’s Board of Directors (the “Independent Committee”), formed to consider a non-binding “going-private” proposal by Mr. Xin Zhou, co-chairman of the Board and chief executive officer of E-House, and Mr. Neil Nanpeng Shen, a member of the Board, was informed that SINA Corporation (“SINA”) (SINA), an existing shareholder of the Company, had joined the buyer group by entering into a consortium agreement with Mr. Zhou and Mr. Shen (together with SINA, the “Consortium Members”), following which they have agreed to, among other things, form a consortium to work exclusively with one another to undertake the “going-private” transaction to acquire all the outstanding shares of the Company other than the shares owned by the Consortium Members or their associates (the “Transaction”).
The Consortium Members and their respective associates presently own, in the aggregate, about 48% of the Company’s total issued and outstanding shares.
E-House was also informed that SINA has agreed to exchange all the E-House shares held by SINA at the closing of the Transaction (the “Closing”) for a portion of the ordinary shares of Leju Holdings Limited (“Leju”) held by E-House at the Closing, based on an exchange ratio determined in accordance with a mutually agreed formula. Leju is a majority owned partner of E-House and is listed on the New York Stock Exchange.
E-House (China) Holdings Limited, through its auxiliaries, operates as a real estate services company in the People’s Republic of China. It operates through Real Estate Online Services; Real Estate Brokerage Services; Real Estate Information and Consulting Services; Community Value-Added Services; and Other Services segments. The company offers real estate e-commerce services, online property listing services and free services, and listing services; and advertising primarily on the SINA and Baidu new residential properties and home furnishing Websites.
DeVry Education Group Inc (NYSE:DV)’s shares dropped -0.17% to $30.15.
DeVry Education Group Inc. (DV designated James D. White to fill a vacancy created by an enhance in the size of the Board from eight to nine members. The Board has not yet determined the committees of the Board to which Mr. White will be named.
Mr. White will take part in the cash and equity compensation programs offered to and upon the same terms as other non-employee directors, but with respect to service until DeVry Group’s next annual meeting of shareholders, will receive cash compensation on a pro-rated basis and will not receive an equity grant. These cash and equity compensation programs are more fully described under “2014 Director Compensation” in our Proxy Statement on Plan 14A filed with the Securities and Exchange Commission on October 8, 2014, which is incorporated in this Item 5.02 by reference.
DeVry Education Group Inc. provides educational services worldwide. It operates in three segments: Medical and Healthcare; International and Professional Educational; and Business, Technology and Administration. The Medical and Healthcare segment operates American University of the Caribbean School of Medicine, Ross University School of Medicine, Ross University School of Veterinary Medicine, Chamberlain College of Nursing, and Carrington College.
At the end of Monday’s trade, Macy’s, Inc. (NYSE:M)‘s shares surged 0.09% to $67.50.
Macy’s, Inc. (M) declared that its wholly owned partner, Macy’s Retail Holdings, Inc., will redeem for cash the entire $76.016 million aggregate principal amount outstanding of its 8.125% Debentures due 2035 (CUSIP 577778BC6) on August 17, 2015. The 2035 debentures were issued in August 1995 by The May Department Stores Company and assumed by Macy’s in conjunction with its acquisition of May in August 2005.
The 2035 debentures will be redeemed at par together with interest accrued and unpaid to the redemption date. They become redeemable at 100% of the principal amount thereof at any time on or after August 15, 2015, following the term
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates Bloomingdale’s Outlet stores that offer a range of apparel and accessories, counting women’s ready-to-wear, fashion accessories, jewelry, handbags, and intimate apparel, in addition to men’s, children’s, and women’s shoes.
Extreme Networks, Inc (NASDAQ:EXTR), ended its Monday’s trading session with -4.25% loss, and closed at $2.48.
Extreme Networks, Inc. (EXTR) declared its secure, role-based policy administration technology is now accessible for the newly launched Summit® X450-G2 family of fixed switches and some other select formerly released Summit switches. This marks the integration of proven policy and security administration technology into the ExtremeXOS® operating system, allowing customers the flexibility to define and manage end-to-end policy in mixed Extreme Networks’ wired and wireless environments, counting those with IdentiFi™ Access Points, the A, B, C, K and S-Series switches and the Summit line of switches.
Extreme Networks is committed to solving IT’s toughest networking challenges through intelligent software. The addition of role-based policy capabilities in the operating system establishes a secure, end-to-end framework where every user, counting guests, employees and executive administration, has their own predetermined set of rules for accessing the network. Policies are defined and centrally managed by Extreme Networks’ NetSight™, a single pane-of-glass administration system that automatically pushes policies to Extreme Networks’ access points and switches in the network, significantly simplifying the task of managing a secure network and enhancing operational efficiency.
Extreme Networks, Inc., together with its auxiliaries, provides wired and wireless network infrastructure equipment, software, and services for enterprises, data centers, and service providers. The company offers Black Diamond products, which deliver modular or chassis-based Ethernet connectivity solutions that have a range of administration and line cards allowing customers to configure and re-purpose the systems; and Summit product family of stackable Ethernet switching systems, which provide a range of connection speeds, various physical presentations, and options to deliver PoE or unpowered standard Ethernet ports. It also provides IdentiFi family of wireless access points that offer both indoor and outdoor 802.11a/b/g/n/ac access points; NetSight administration software system, which manages and automates the network through a single interface; and network access control (NAC) and MobileIAM products that provide pre-connect and post-connect network access control solutions for wired and wireless LAN and VPN users.
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