On Monday, Shares of YY Inc (ADR) (NASDAQ:YY), lost -0.44% to $59.10.
YY Inc, declared that its Board of Directors (the “Board”) has received a non-binding proposal letter, dated July 9, 2015, from Mr. Jun Lei, Chairman of the Board, and Mr. David Xueling Li, director and Chief Executive Officer of YY (together, the “Buyer Group”), proposing a “going-private” transaction (the “Transaction”) to acquire all of the outstanding ordinary shares of YY not already beneficially owned by the Buyer Group for $68.50 in cash per American depositary share (“ADS”), each representing 20 ordinary shares. The projected purchase price represents a premium of about 17.4% to the closing trading price of the Company’s ADS on July 8th, 2015, the last trading day preceding to the date hereof.
The Buyer Group presently beneficially owns about 35.7% of all the issued and outstanding shares of the Company, which represent about 75.1% of the aggregate voting power of the Company.
YY Inc., through its auxiliaries, operates an online social platform in the Peoples Republic of China. It engages users in real-time online group activities through voice, video, and text on personal computers and mobile devices; and enables users to create and organize groups of various sizes to discover and take part in a range of online activities, counting music shows, online games, dating shows, live games broadcasting, and e-learning.
Shares of Halcon Resources Corp (NYSE:HK), inclined 0.89% to $1.13, during its last trading session.
Halcon Resources Corp, declared plans to release its second quarter 2015 financial results on Thursday, July 30, 2015 after trading closes on the New York Stock Exchange.
The Company has also planned a conference call to talk about the release for Friday, July 31, 2015 at 10:00 a.m. EDT (9:00 a.m. CDT).
Halcón Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States.
At the end of Monday’s trade, Shares of SolarCity Corp (NASDAQ:SCTY), gained 0.74% to $53.39.
SolarCity Corporation, declared that it will issue its second quarter 2015 earnings report after the market’s close on Wednesday, July 29, 2015. A conference call has been planned to talk about these results at 2:00 p.m. (Pacific Time).
SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States.
Finally, Vishay Intertechnology (NYSE:VSH), ended its last trade with 0.25% gain, and closed at $11.93.
Vishay Intertechnology, declared that its RCP series of thick film chip resistors for high-power, surface-mount RF applications is now accessible in the compact 0505, 0603, and 2512 case sizes. The Vishay Dale devices offer very high thermal conductivity for power ratings up to 22 W with active temperature control.
Optimized for many applications in the automotive, aerospace, military, industrial, and telecom markets, RCP series resistors feature a stable thick film resistive element on an aluminum nitride (AlN) substrate and an epoxy encapsulation. In addition to the new case sizes, the existing 1206 case has been improved to offer a rating of 2.4 W with a standard board mount. The devices feature an operating temperature range from -55 °C to +155 °C.
Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The company operates in five segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors, and Capacitors.
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