On Monday, 500.com Ltd (NYSE:WBAI))’s shares declined -4.99% to $17.51.
500.com Limited (WBAI) a leading online sports lottery service provider in China, declared the closing of its formerly declared sale of newly issued ordinary shares to Tsinghua Unigroup International Co., Ltd. (“Tsinghua Unigroup”), a partner of Tsinghua Unigroup Co., Ltd.
The Company issued 63,500,500 Class A ordinary shares at a price of US$1.95 per share (corresponding to US$19.5 per American Depositary Receipt), for gross proceeds of about US$123.8 million. The Class A ordinary shares issued are subject to a six-month lock-up period.
500.com Limited provides online sports lottery services in the People’s Republic of China. It operates as an aggregator and processor of lottery purchase orders from its registered user accounts. The company offers a suite of online lottery services, information, user tools, and virtual community venues. Its lottery sales services comprise individual lottery purchase, lottery pool purchase, automatic tag-along purchase, recurring purchase, and locked-in lottery number purchase services. The company provides its services through its mobile applications to mobile users, in addition to through its online platform. As of December 31, 2014, it had 54.7 million registered user accounts.
Dr Pepper Snapple Group Inc. (NYSE:DPS)’s shares dropped -0.36% to $77.64.
Dr Pepper Snapple Group, Inc. (DPS) stated second quarter 2015 EPS of $1.14 contrast to $1.06 in the preceding year period. Core EPS were $1.13, up 7%, contrast to $1.06 in the preceding year period. Year-to-date, the company stated earnings of $1.95 per diluted share contrast to $1.84 per share in the preceding year period. Core EPS were $1.94, up 8%, contrast to $1.80 in the preceding year period.
For the quarter, stated net sales raised 1%, which comprised of favorable product, package and segment mix and a 1% enhance in sales volumes, partially offset by 2 percentage points of unfavorable foreign currency translation. Stated segment operating profit (SOP) raised 6%, or $24 million, on net sales growth, ongoing productivity improvements and favorable commodity costs, partially offset by 1 percentage point of unfavorable foreign currency translation.
Stated income from operations for the quarter was $369 million, counting $5 million in unrealized commodity mark-to-market gains. Stated income from operations was $348 million in the preceding year period. Core income from operations was $365 million, up 5% contrast to the preceding year period.
Dr Pepper Snapple Group, Inc. operates as a brand owner, manufacturer, and distributor of non-alcoholic beverages in the United States, Canada, Mexico, and the Caribbean. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages.
At the end of Monday’s trade, Swift Energy Company (NYSE:SFY)‘s shares dipped 0.720% to $0.720.
Swift Energy Company (SFY) declared that it has initiated a process to obtain a new first-lien term loan (the “Projected Term Loan”). The principal amount of the Projected Term Loan is predictable to be $640 million. The loan would mature five years after the closing, which is anticipated to occur in mid-July. The Company anticipates that the Projected Term Loan would be fully drawn at closing.
It is predictable that proceeds of the Projected Term Loan will be used to repay all outstanding borrowings under the Company’s existing revolving credit facility ($263 million outstanding at May 31, 2015), to pay fees and expenses, and for general corporate purposes, counting capital expenditures.
The Projected Term Loan is subject to, among other things, successful syndication, negotiation, execution and delivery of definitive loan documentation, and various customary closing conditions. The terms of the Projected Term Loan could differ materially from those described above. No assurance can be given that the Projected Term Loan will be consummated.
Swift Energy Company, an independent oil and gas company, acquires, explores, develops, and operates oil and gas properties. The company focuses on the Eagle Ford trend of South Texas, in addition to the onshore and inland waters of Louisiana. As of December 31, 2014, it had estimated proved reserves of 193.8 million barrels of oil equivalent. Swift Energy Company was founded in 1979 and is headquartered in Houston, Texas.
XPO Logistics Inc (NYSE:XPO), ended its Monday’s trading session with -3.37% loss, and closed at $42.40.
XPO Logistics, Inc. (XPO) declared that the President of the Paris Commercial Court has granted, at XPO`s request, an injunction barring Elliott Capital Advisors L.P. and its related funds (collectively “Elliott”) from transferring their recently attained equity interest in Norbert Dentressangle SA (“ND”) to any third party other than XPO.
The injunction was issued on the basis of evidence showing that Elliott has accumulated its interest in ND through deceptive means that are in violation of applicable disclosure and tender offer regulations. The expedited proceeding brought by XPO in the Paris Commercial Court constitutes a first step in the proceedings that XPO will take to sanction Elliott`s illicit scheme.
XPO Logistics, Inc. provides transportation and logistics services primarily in the United States. The company operates through two segments, Transportation and Logistics. The Transportation segment provides truckload, less-than truckload and intermodal brokerage, and last-mile delivery logistics services under the brands XPO Logistics, XPO Last Mile, and Pacer; and time-critical, time-sensitive, or high preceding freight shipment services under the brand names XPO Express, XPO NLM, and XPO Air Charter.
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