On Friday, DealerTrack Technologies Inc (NASDAQ:TRAK))’s shares declined -0.05% to $62.93.
Cox Automotive, Inc. and Dealertrack Technologies, Inc. (TRAK) declared that following the Agreement and Plan of Merger, dated June 12, 2015, by and among Cox Automotive, Runway Acquisition Co., and Dealertrack (the “Merger Agreement”), Cox Automotive has extended the offering period of its formerly declared tender offer to purchase all of the outstanding shares of common stock (the “Shares”) of Dealertrack for $63.25 per Share, net to the seller thereof in cash, without interest and subject to any withholding taxes required by applicable law and upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 26, 2015 (the “Offer”). The Offer, which was formerly planned to expire at 12:00 midnight, New York City time, at the end of Friday, August 21, 2015, has been extended until 12:00 midnight, New York City time, on Monday, September 14, 2015, unless it is extended further under the circumstances set forth in the Merger Agreement. All terms and conditions of the Offer shall remain unchanged during the extended period.
American Stock Transfer & Trust Company, LLC, the depositary for the Offer, has advised Cox Automotive and Dealertrack that, as of 5:00 p.m., New York City time, on August 20, 2015, about 18,428,133 Shares of Dealertrack had been validly tendered and not validly withdrawn following the Offer (not counting 34,360 Shares tendered following notices of guaranteed delivery for which Shares have not yet been delivered in settlement or satisfaction of such guarantee), representing about 32.79% of Dealertrack’s outstanding Shares. Shareholders who have already tendered their Shares of Dealertrack do not have to re-tender their Shares or take any other action as a result of the extension of the Expiration Date of the Offer.
Dealertrack Technologies, Inc. provides Web-based software solutions and services to the automotive retail industry in the United States and Canada. It offers digital marketing solutions, which provide Websites, digital advertising, and other digital marketing offerings to assist dealers in achieving higher lead conversion rates that assist to optimize various shoppers to their Websites; dealer administration solutions, which provide dealer administration system featuring tools and real-time data access; and F&I solutions that allow dealers to streamline the in-store and online sales, in addition to financing processes.
Tableau Software Inc (NYSE:DATA)’s shares dropped -1.09% to $99.75.
Tableau Software (DATA) declared the launch of its Shanghai operations (Tableau (China) Co., Ltd.) as the company expands in China to better serve customers and partners locally.
Tableau is on a mission to assist more people see and understand their data. The opening of its Shanghai office is a milestone in the company’s growth in China. JY Pook, APAC Vice President of Tableau Software said, “With 1.3 billion people, a quickly expanding urban economy, and exponential rates of Internet and smartphone penetration, China generates an immense amount of data annually. Tableau can assist bring that data to life with rapid-fire insights.”
With greater use of data in different industries, China’s business analytics services market is set to maintain accelerated growth, and raising the momentum of tech investments for the rest of APAC. The country’s 2015 Government Work Report said that China will develop an ‘Internet Plus’ action plan to step up the integration of mobile Internet, cloud computing, big data, and the Internet of Things with modern manufacturing, e-commerce, industrial Internet and Internet finance. Analysts report that China’s business analytics services market reached US$1.398 billion in 2014, up 16.4 per cent from 2013. The space is forecast to grow steadily at the CAGR of 16.7 per cent in the coming five years to reach US$3.027 billion in 2019.
Tableau Software, Inc., together with its auxiliaries, provides business analytics software products in the United States, Canada, and internationally. The company offers Tableau Desktop, a self-service analytics environment that empowers people to access and analyze data independently; and Tableau Server, a business intelligence platform with data administration, scalability, and security to foster the sharing of data, in addition to improve the dissemination of information in an organization and promote improved decision-making.
At the end of Friday’s trade, Lockheed Martin Corporation (NYSE:LMT)‘s shares dipped -2.13% to $204.68.
Lockheed Martin (LMT) and Weibel Scientific A/S entered a partnership to apply Weibel’s legacy in radar systems to ballistic missile defense (BMD) by creating the Gap-Filling Tracking Radar (GFTR).
The GFTR will be designed and implemented to provide full and overlapping coverage against a broad spectrum of threats across the European continent. Its precision tracking and discrimination capabilities will enable warfighters to defend across large geographical areas counting fully leveraging advanced capabilities being incorporated in the NATO European BMD architecture.
The partnership is part of an industrial cooperation agreement between Lockheed Martin and Weibel with the Danish Business Authority’s approval following the Royal Danish Air Force’s acquisition of nine U.S. Navy MH-60R SEAHAWK® helicopters. The work will be accomplished at Weibel Scientific Facilities in Denmark and the Aegis BMD development site in Moorestown, New Jersey.
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides administration, engineering, technical, scientific, logistics, and information services. Its Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.
SolarWinds Inc (NYSE:SWI), ended its Friday’s trading session with -2.05% loss, and closed at $39.19.
SolarWinds (NYSE: SWI), a leading provider of powerful and affordable hybrid IT infrastructure administration software, declared its participation at VMworld US 2015, August 30-September 3, 2015, in San Francisco. At the event, SolarWinds will exhibit its latest solutions for managing virtualized and hybrid IT environments, counting new capabilities to assist patch virtual systems. In addition, SolarWinds will host its second annual Experts & Espresso event, a series of free morning learning sessions, and Head Geek Thomas LaRock will present alongside VMware and Heraflux Technologies at two database virtualization breakout sessions.
SolarWinds, Inc., together with its auxiliaries, designs, develops, markets, sells, and supports enterprise-class information technology (IT) and infrastructure administration software to IT and DevOps professionals in various organizations worldwide. The company offers enterprise-class network administration products and tools that allow network administrators and other IT professionals to monitor and manage the performance and configuration of their network infrastructure, in addition to to collect and analyze the log data for IT operations, security, and compliance administration.
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