On Friday, VF Corp (NYSE:VFC)’s shares declined -0.57% to $69.19.
Vans named Carlsbad High School of Carlsbad, Calif. as the grand-prize winner of the sixth annual Vans Custom Culture design competition and awarded a $50,000 donation toward the school’s arts education program. At the final event held on June 9 at Industria Superstudios in New York City, a panel of notable judges counting actress Victoria Justice, celebrity baker Amirah Kassem, musician Bea Miller, artist and author Dallas Clayton and Vans professional surfer Joel Tudor selected the winning custom Vans shoe designs among a talented group of top five finalist schools. For the remaining finalists – Circleville High School (Circleville, Ohio), Foothill High School (Henderson, N.V.), McCracken County High (Paducah, K.Y.) and Parker High School (Parker, S.D.) – Vans awarded each with $4,000 toward their arts programs.
Six years in, Vans Custom Culture continues to inspire creativity and individuality among high school students across the nation. Each year, Custom Culture has challenged them to create their own unique pairs of Vans for a chance to fund art education at their school. Nearly 3,000 high schools – the most in competition history – take partd in this year’s event, designing four pairs of blank Vans based on four themes: Action Sports, Art, Music and Local Flavor. The winning design has the opportunity to be produced and sold in select Vans retail stores, in addition to online at Vans.com.
V.F. Corporation designs, manufactures, markets, and distributes branded lifestyle apparel, footwear, and accessories in the United States and Europe. The company offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.
At the end of Friday’s trade, Bona Film Group Ltd (ADR) (NASDAQ:BONA)‘s shares surged 1.01% to $12.99.
Bona Film Group Ltd (ADR) (BONA) declared that its Board of Directors (the “Board”) has received a non-binding proposal letter, dated June 12, 2015, from Mr. Yu Dong (“Mr. Yu”), founder, Chairman and CEO of the Company, Sequoia Capital China I LP and Fosun International Limited (together with Mr. Yu the “Buyer Group”), proposing a “going-private” transaction (the “Transaction”) to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group for US$13.70 in cash per American depositary share (“ADSs”), or about US$27.40 per ordinary share, which represents about a 23.6% premium above the average closing price of the Company’s ADSs over the last 30 trading days up to and counting June 11, 2015.
The Board intends to form a special committee comprising of independent directors to consider this proposal.
The Board cautions the Company’s shareholders and others considering trading in its securities that the Board just received the non-binding proposal letter from the Buyer Group and no decisions have been made with respect to the Company’s response to the Transaction. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.
Bona Film Group Limited, through its auxiliaries, operates as an integrated film company in the Peoples Republic of China and internationally. The company operates through four segments: Film Distribution, Film Investment and Production, Talent Agency, and Movie Theater. Its film distribution activities comprise film sourcing, counting investing in quality film projects with commercial potential and securing film distribution rights; and print and marketing comprising coordinating the distribution of film prints of digital and traditional films to theater circuits, in addition to conducting marketing and publicity campaigns to promote the films to their target audiences.
Chegg Inc (NYSE:c), ended its Friday’s trading session with -1.03% loss, and closed at $7.69.
Chegg Inc (CHGG) declared a partnership to create a groundbreaking nationwide tracking survey of career outcomes for recent college graduates. The Outcomes Survey®, which CSO Research presently conducts on behalf of more than 120 schools, provides rich insights on how recent grads fare right away after commencement and at three, six and 12 months after finishing their studies at specific schools. In partnership with Chegg, The Outcomes Survey will now be expanded into a national study of more than 200,000 members of the class of 2015.
Return on investment in college has been questioned as students are finding themselves unemployed1, underemployed2 or in a job outside their chosen field3. Further, 50% of recent graduates do not feel that college prepared them well for employment, and only 39% of hiring managers felt recent graduates was prepared for employment in their field of study4. Outcomes data can be important to students and parents in deciding where to attend college as more than half of recent grads would pick a different major or school if they could make their college choices over again5.
Chegg, Inc. operates student-first connected learning platform that empowers students to take control of their education to save time, save money, and get smarter. The company, through its Student Hub, rents and sells print textbooks; and provides eTextbooks, supplemental materials, Chegg Study service, textbook buyback, courses, internships, and college admissions and scholarship services, in addition to offers enrollment marketing and brand advertising services. Chegg, Inc. has a planned alliance with Ingram Content Group Inc.
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