On Monday, Shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU), gained 0.04% to $57.41.
Qihoo 360 Technology Co. Ltd., declared that it has reached a definitive merger agreement following which the Company will be attained by a consortium of investors in an all-cash transaction valued at about $9.3 billion, counting the redemption of about $1.6 billion of debt.
Following the terms of the merger agreement, at the effective time of the merger, each of the Company’s class A and class B ordinary shares issued and outstanding right away before the effective time of the merger (the “Shares”) will be cancelled and cease to exist in exchange for the right to receive US$51.33 in cash without interest, and each American Depositary Share (“ADS”) of the Company, every two ADSs representing three class A ordinary shares, will be cancelled in exchange for the right to receive US$77.00 in cash without interest, except for (a) certain Shares (counting Shares represented by ADSs) owned by entities controlled by Mr. Hongyi Zhou, chairman and chief executive officer of the Company, and Mr. Xiangdong Qi, director and president of the Company, and the Company treasury shares, which will be cancelled and cease to exist and no payment or distribution will be made with respect thereto, and (b) Shares held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the merger following Section 238 of the Companies Law of the Cayman Islands (the “Dissenting Shares”), which will be cancelled and cease to exist in exchange for the right to receive the payment of fair value of the Dissenting Shares in accordance with Section 238 of the Companies Law of the Cayman Islands.
The merger consideration represents a premium of 16.6% to the closing price of the Company’s ADSs on June 16, 2015, the last trading day before the Company’s declaration of its receipt of a “going-private” proposal, and a premium of 32.7% to the average closing price of the Company’s ADSs during the 30 trading days before its receipt of a “going-private” proposal.
Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments. It offers various Internet security products, counting 360 Safe Guard, a one-stop solution for PC Internet security and system optimization; 360 Anti-Virus, an anti-virus application that uses multiple scan engines to protect users computers against various kinds of malware; and 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Windows Phone smart phone operating systems.
Finally, Whole Foods Market, Inc. (NASDAQ:WFM), ended its last trade with 0.70% gain, and closed at $32.98.
Drawing on more than 100 years of combined industry experience, Whole Foods Market’s product experts (WFM) have pinpointed 10 top food trends to watch in 2016. From “old-world” ingredients and new vino vehicles to emerging flavors and sourcing trends, this year’s forecast covers a lot of ground:
Uncommon meat and seafood
Lesser-known meat and seafood options are making their way from restaurant menus and local obscurity into mainstream American kitchens. Thanks to heightened awareness around food waste, renewed interest in artisan butchers and a host of other factors, once-overlooked cuts like sirloin top, pork T-bone chop and Denver steaks are becoming fair game for at-home cooks. Offbeat - and more sustainable - seafood species like Responsibly Farmed Paiche and wild-caught blue catfish are also making a dinnertime debut, easing pressure on popular picks like salmon, tuna and shrimp.
Wine in a can
As American wine drinkers become an increasingly young, diverse and playful bunch, winemakers are taking note. Options that provide accessibility and convenience without trading quality, will continue to gain traction. Cue the aluminum can - a portable, easy-to-chill option that’s well suited for single servings and active, outdoor lifestyles. And with choices like Infinite Monkey Theorem and Presto Sparkling wine (coming soon to Whole Foods Market), recently’s pop-tops are the new popped-cork.
Plant-based everything
Plants are playing a meatier role in a surprising number of products, and not just for vegan and vegetarian alternatives. This year’s plant-forward movement will be all about harnessing the power of plants – from quinoa protein in hair care products to vitamin-rich veggies in frozen dessert pops. Look out for Whole Foods Market’s™ 97 percent plant-derived hair care line, Kite Hill nut-based cheeses and 365 Everyday Value Fruit & Veggie Bars.
Culture Craze: Fermented foods and probiotics
Whether shoppers are seeking gut health or go-for-it flavor, fermented foods and probiotics are growing like good bacteria - and they’re not just for hippies anymore. Fiery picks like kimchi and gochujang will continue to gain steam, while innovative options like chiogga beet kraut and non-dairy tonics will add variety.
Whole Foods Market, Inc. operates natural and organic foods supermarkets. Its stores offers produce, packaged goods, bulk, frozen, dairy, meat, bakery, prepared foods, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, body care, pet foods, grocery, and household goods.
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