On Monday, Frontier Communications Corp (NASDAQ:FTR)’s shares declined -0.21% to $4.85. The market capitalization of Frontier Communications Corp (NASDAQ:FTR) is $5.68 billion with the total traded volume of the company is 8.01 million. Turning to market valuation, the Price-to-Sales ratio is 1.03 and the Price-to-Book ratio is finally 0.96. The dividend yield amounts to 8.66 percent and the beta ratio has a value of 0.75.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
Huntington Bancshares Incorporated (NASDAQ:HBAN)’s shares dropped -0.54% to $11.15. The last trading range of Huntington Bancshares Incorporated (NASDAQ:HBAN) ranges between $10.99 and $11.18. The EPS of the company stands at $0.79. The 52-week range shows that the stock reached higher at $11.90 while its lower range is $9.63 in the last 52-weeks. The average volume of the company is at 9.57 million with the Outstanding Shares of 796.66 million. The market capitalization of the company is $8.93 billion. The Beta of the company stands at 1.07 with the RSI (Relative Strength Index) of 48.73.
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services.
Advanced Semiconductor Engineering (ADR) (NYSE:ASX)‘s shares dipped -1.21% to $5.71.
Advanced Semiconductor Engineering, Inc. (ASX) noted recently that the board of directors of Siliconware Precision Industries Co., Ltd. (“SPIL”) resolved to temporarily postpone the convening of the extraordinary general shareholders’ meeting in connection with a projected private placement deal and that, subject to the conditions that (i) ASE right away terminate its projected second tender offer for SPIL shares and (ii) both parties commence negotiations on mutually-agreed foundations, SPIL will evaluate the 100% share exchange proposal (the “Proposal”) formerly projected by ASE.
On December 22, 2015, ASE declared its plan to commence concurrent tender offers in the Republic of China (the “ROC Offer“) and in the United States (the “U.S. Offer,” and together with the ROC Offer, the “Tender Offer“) for common shares, counting those represented by American depositary shares, of SPIL from December 29, 2015 to February 16, 2016. In order to protect the rights and interests of SPIL shareholders, ASE will lawfully commence the Tender Offer on December 29, 2015 as formerly declared. ASE urges SPIL shareholders to take part in the Tender Offer. Notwithstanding the above, ASE sincerely hopes that the parties can commence negotiations on the Proposal as soon as possible, and complete such negotiations before the expiration of the Tender Offer, under the following terms and conditions formerly projected by ASE on December 14, 2015:
- Price: NT$55 per common share (or NT$275 per American depositary share).
- Acquisition amount and legal entity name: all shares of SPIL not otherwise owned by ASE. If the share exchange transaction is consummated, SPIL will become a wholly-owned partner of ASE. ASE will maintain SPIL’s separate legal entity status and retain SPIL’s legal entity name.
- All directors and administration of SPIL will be retained and their current compensation and benefits maintained.
- SPIL’s current employee policies will be observed and all SPIL employees will be retained to ensure the protection of their labor rights.
- SPIL must terminate or cancel the share placement agreement with Tsinghua Unigroup Ltd. in accordance with its terms or applicable laws (and terminate any other transaction that will dilute SPIL’s shares or other similar transactions).
ASE’s investment in SPIL was based on our sincere belief in the need for Taiwan’s semiconductor packaging and testing industry players to actively seek opportunities for cooperation and resource consolidation to maintain and further improve the competitive strength of Taiwan’s semiconductor packaging and testing industry in the face of intensified global competition and emerging competitors. Therefore, ASE greatly values its investment in SPIL and hopes that this investment can promote cooperation between both companies, set an excellent example in Taiwan for productive cooperation between two exemplary companies in the face of intense competition and preserve the results of both parties’ efforts in the Taiwan semiconductor industry in the past 30 years.
Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, Europe, and internationally. It operates through Packaging, Testing, and Electronic Manufacturing Services (EMS) segments.
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