On Friday, Shares of Airgas, Inc. (NYSE:ARG), gained 0.04% to $138.81.
Airgas, declared that the Company has amended its stockholder rights plan.
The Amendment to the Rights Agreement modifies the existing terms of the Rights Agreement by lowering the beneficial ownership threshold for triggering the rights plan from 15% of the Company’s common stock to 10%. Any party that beneficially owns 10% or more of the Company’s common stock at the time of the public declaration of recently’s amendment will not trigger the rights plan unless that party either, after the time of the public declaration of the amendment, improvements its beneficial ownership of the Company’s common stock (other than as a result of an acquisition by the Company) to an amount equal to or greater than the greater of (x) 10% or (y) the sum of (i) the lowest beneficial ownership of such person as a percentage of the common stock as of any time from and after the time of the public declaration of the amendment plus (ii) 0.001% or at any time while such person continues to have beneficial ownership of 10% or more of the Company’s common stock, exercises any unexercised options, conversion rights, exchange rights, rights, warrants or derivatives contract for shares of the Company’s common stock.
The Airgas Board deemed it prudent to amend the Rights Agreement in light of unusual trading activity in the Company’s stock over the last several trading days. Other changes to the Rights Agreement were made in connection with the transaction between Airgas and Air Liquide declared earlier recently.
Airgas, Inc., together with its auxiliaries, supplies industrial, medical, and specialty gases; and welding equipment and related products. It operates through two segments, Distribution and All Other Operations.
Shares of News Corp (NASDAQ:NWSA), inclined 0.49% to $14.26, during its last trading session.
CoStar Group, declared a contract to exclusively power the apartment community listings on the websites owned and operated by News Corp (NWS) (NWSA) (NWS.AX) (NWSLV.AX) partner Move, Inc.- realtor.com(R), Move.com, and Doorsteps.com — with advertiser content from Apartments.com and ApartmentFinder.com.
The Apartments.com apartment community listing information complements realtor.com(R)’s listings content, which is derived from relationships with agents, brokers, landlords and residential property managers nationwide. The agreement is designed to improvement traffic across CoStar’s and Move’s rental sites with the aim of enabling more leads, faster responses, and raised revenue opportunities for both companies. As part of the relationship, Move websites will now offer even more choices, properties and insights for prospective renters as well.
News Corporation, a media and information services company, focuses on creating and distributing content to consumers and businesses worldwide. The company distributes content and data products, such as The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron’s, Market Watch, Dow Jones Private Markets, and DJX through various media channels, counting newspapers, newswires, Websites, newsletters, magazines, proprietary databases, conferences, and video, in addition to applications for mobile devices, tablets, and electronic readers.
Finally, Shares of Jinko Solar Holding Co., Ltd. (NYSE:JKS), ended its last trade with 7.94% gain, and closed at $24.47.
Jinko Solar Holding Co., declared its unaudited financial results for the third quarter ended September 30, 2015.
Third Quarter 2015 Highlights
- Total solar module shipments were 1,134.5 MW, which comprises 70.6 MW earmarked for use in the Company’s downstream projects. Total solar product shipments to the third parties were 1,107.7 megawatts (“MW”), comprising of 1,063.9 MW of solar modules, 10.4 MW of silicon wafers and 33.4 MW of solar cells. This represents an improvement of 21.1% from 915.0 MW in the second quarter of 2015 and an improvement of 56.4% from 708.2 MW in the third quarter of 2014.
- As of September 30, 2015, the Company had connected 846 MW worth of solar projects.
- Total revenues were RMB4.1 billion (US$637.6 million), representing an improvement of 26.6% from the second quarter of 2015 and an improvement of 58.2% from the third quarter of 2014.
- Solar power projects generated electricity of 233.7 GWh, a 15.1% improvement from the second quarter of 2015 and an improvement of 207.6% from the third quarter of 2014. Revenues generated from solar power projects were RMB205.8 million (US$32.4 million), representing an improvement of 15.7% from the second quarter of 2015 and an improvement of 205.8% from the third quarter of 2014.
- Gross margin was 21.3%, contrast with 20.7% in the second quarter of 2015 and 20.6% in the third quarter of 2014.
- Income from operations was RMB384.0 million (US$60.4 million), contrast with RMB237.0 million in the second quarter of 2015 and RMB239.9 million in the third quarter of 2014.
- Net income attributable to Jinko Solar Holding Co., Ltd.’s ordinary shareholders was RMB195.1 million (US$30.7 million), contrast with RMB76.4 million in the second quarter of 2015 and RMB280.6 million in the third quarter of 2014.
- Diluted earnings per American depositary share (“ADS”) was RMB3.12 (US$0.48), contrast with RMB2.40 in the second quarter of 2015 and RMB8.00 in the third quarter of 2014.
- Non-GAAP net income attributable to Jinko Solar Holding Co., Ltd.’s ordinary shareholders in the third quarter of 2015 was RMB253.3 million (US$39.8 million), contrast with RMB206.8 million in the second quarter of 2015 and RMB342.0 million in the third quarter of 2014.
- Non-GAAP basic and diluted earnings per ADS were RMB8.12 (US$1.28) and RMB6.52 (US$1.04), respectively, in the third quarter of 2015.
Mr. Kangping Chen, JinkoSolar’s Chief Executive Officer commented, “I am excited to report another strong quarter as our business gained considerable growth momentum. Total revenues during the third quarter reached US$637.6 million, representing an improvement of 58.2% over the same period in 2014 and 26.6% sequentially. Module shipments to the third parties reached a record high of 1064 MW, which once again exceeds the high end of our third-party shipment guidance. With increasing demand for our high-quality solar products, we are raising our full year 2015 third party module shipment guidance from the current 3.4 GW to 3.7 GW, to 3.8 GW to 4.0 GW.”
Jinko Solar Holding Co., Ltd., together with its auxiliaries, engages in the design, development, production, and marketing of photovoltaic products in the People’s Republic of China and internationally.