Your email has been successfully added to our mailing list.

×
0.494444444444444 0.494444444444444 0.494444444444444 0.494444444444444 0.263888888888889 0.263888888888889 0.222222222222222 0.236666666666667
Stock impact report

Ossen Innovation Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

Ossen Innovation Co (OSN)  More Company Research Source: PR Newswire
US:NASDAQ Investor Relations: ir.osseninnovation.com
PDF SHANGHAI, Sept. 16, 2020 /PRNewswire/ -- Ossen Innovation Co., Ltd. (the "Company") (Nasdaq: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal"), dated September 15, 2020, from Pujiang International Group Limited ("Pujiang"), a Cayman Islands company listed on the Hong Kong Stock Exchange and beneficially holds approximately 65.9% of the Company,  to acquire all of the outstanding ordinary shares of the Company not owned by Pujiang or its affiliates, including ordinary shares represented by American Depositary Shares (the "ADSs", each one representing three ordinary shares), for $1.667 in cash per ordinary share, or $5.00 in cash per ADS. A copy of the proposal letter is attached hereto as Exhibit A.The Board intends to form a special committee consisting of independent directors to conside [Read more]
Impact snapshot Event time: OSN
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

Opt-in for
OSN alerts
from News Quantified
Opt-in for
OSN alerts

from News Quantified
Opt-in for
OSN alerts

from News Quantified