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Saturday 5 September 2015
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News Analysis on: ReneSola Ltd. (ADR) (NYSE:SOL), Alaska Air Group, Inc. (NYSE:ALK), DealerTrack Technologies Inc (NASDAQ:TRAK), HMS Holdings Corp (NASDAQ:HMSY)

On Monday, ReneSola Ltd. (ADR) (NYSE:SOL)’s shares inclined 0.08% to $1.24.

ReneSola Ltd (“ReneSola” or the “Company”) (www.renesola.com) (SOL), a leading brand and technology provider of energy-efficient products, recently declared that all shareholder resolutions projected at the Company’s 2015 annual general meeting of shareholders held recently were duly passed. Specifically, the shareholders passed resolutions approving:

  1. the merged financial statements of the Company for the year ended December 31, 2014, together with the reports of the auditors thereon;
  2. the re-election of Mr. Martin Bloom as a director of the Company, who is retiring by rotation and offering himself for re-election in accordance with the Company’s current articles of association; and
  3. the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditors of the Company until the conclusion of the next general meeting of the shareholders of the Company.

ReneSola Ltd, through its auxiliaries, manufactures and sells various solar power products. It operates through two segments, Wafer, and Cell and Module. The company offers virgin polysilicon; mono crystalline and multi crystalline solar wafers; and photovoltaic cells. It also provides mono crystalline and multi crystalline solar modules for use in various residential, commercial, industrial, and other solar power generation systems.

Alaska Air Group, Inc. (NYSE:ALK)’s shares dropped -2.22% to $74.86.

Alaska’s annual fall fare sale kicks off, with steep discounts on popular routes throughout North America.

One-way fares start at $59 and comprise new and popular destinations like Albuquerque, New Mexico, Puerto Vallarta, Mexico and Honolulu, Hawaii.* Visit www.alaskaair.com to find great savings and purchase tickets, or call 1-800-ALASKAAIR (800-252-7522 or Hearing & Speech Impaired (TTY): Dial 711 for Relay Services).

With Alaska’s new flight experience, Alaska Beyond™, customers will enjoy more of what they love, throughout their journey. Depending on the route flown, onboard amenities may comprise free entertainment on customers’ own devices and power at every seat to keep gadgets charged. Customers will also enjoy inspired Northwest food and beverages, such as Beecher’s Flagship cheese, exclusively blended Canoe Ridge wine and an entrée by award-winning chef Tom Douglas.

Alaska Air Group, Inc., through its auxiliaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through Alaska Mainline and Alaska Regional segments. It serves about 100 cities in Alaska, the Lower 48, Hawaii, Canada, and Mexico. As of December 31, 2014, the company’s fleet comprised of 137 Boeing 737 jet aircraft; and 51 Bombardier Q400 turboprop aircraft.

At the end of Monday’s trade, DealerTrack Technologies Inc (NASDAQ:TRAK)‘s shares dipped -0.64% to $62.76.

$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.

HMS Holdings Corp (NASDAQ:HMSY), ended its Monday’s trading session with -0.19% loss, and closed at $10.45.

HMS Holdings Corp. (HMSY) declared that it has been awarded a competitively bid contract by the Oklahoma Health Care Authority (OHCA) to provide cost containment services for the SoonerCare (Oklahoma Medicaid) program. Under provisions of the contract, HMS is planned to provide coordination of benefits to maximize cost savings from third party collections for the State’s 825,000 SoonerCare members. The contract, counting the base year and renewal options, extends through June 30, 2021.

HMS has been a trusted partner of the Oklahoma Health Care Authority since 2002. During that time, HMS has facilitated the recovery of more than $250 million to the State of Oklahoma from Medicaid overpayments.

HMS Holdings Corp., through its auxiliaries, provides healthcare insurance benefit cost containment services in the United States. The company’s coordination of benefits services provide cost avoidance services that offer validated insurance coverage information, which is used by government-sponsored payers to coordinate benefits for incoming claims; payment integrity services to identify improper payments on a pre-payment and post-payment basis, identify and recover overpayments, detect and prevent fraud and abuse, and identify process improvements; and eligibility verification services comprising asset and income verification, premium assistance, dependent eligibility audits, and other verification solutions.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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