UPDATE 1-Global sourcing firm Li & Fung receives $931 mln offer to go private [Reuters]
LI & FUNG LTD ADR (LFUGY)
NASDAQ:AMEX Investor Relations:
w3schools.com/tags/tag_li.asp
Company Research
Source: Reuters
UPDATE 1-Global sourcing firm Li & Fung receives $931 mln offer to go private (Adds details of the offer, industry background) HONG KONG, March 20 (Reuters) - Hong Kong-listed global sourcing and logistics group Li & Fung Ltd said on Friday it had received an offer worth $931 million to take the company private. Golden Lincoln Holdings, an entity formed by Li & Fung’s controlling shareholders and Singaporean warehousing and logistics firm GLP, proposed to buy out Li & Fung’s controlling shareholders for HK$1.25 per share, the company said in a filing to the Hong Kong Stock Exchange. The deal values the company at around $1.4 billion. The price is about 72.7% over the company’s average closing price in the last 60 days and more than double its Friday close of HK$0.50 apiece. The buyer will pay about HK$7.22 billion ($931 million) in cash for the deal, and will not increase the price, according to the filing. The deal comes as businesses worldwide have been heavily hit by the coronaviru
Show less
Read more
Impact Snapshot
Event Time:
LFUGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LFUGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LFUGY alerts
High impacting LI & FUNG LTD ADR news events
Weekly update
A roundup of the hottest topics