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Stockreport

Amazon Blasts Saks Funding Deal, Says Its Equity Is ‘Worthless' [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
the sale of Saks products on its website and that its equity investment in the now bankrupt business is “presumptively worthless.” Amazon challenged Saks' bid to fund its bankruptcy with financing that would provide the retailer with as much as $1.75 billion in fresh cash, according to court documents filed late Wednesday. The financing would saddle the retailer with billions of dollars of new obligations and includes other terms that would harm Amazon and other unsecured creditors of Saks, the filing said. Most Read from Bloomberg Why the Renovation of Federal Reserve Headquarters Costs $2.5 Billion E-Bike Boosters Ask: Is It All Downhill From Here? Hochul Eyes Jamaica Station Revamp and Subway Link Across Harlem The Latest Brand of Tech City Dreams: Virtual Residents Former New York City Housing Liaison Charged With Taking Bribes In 2024, Amazon took a minority stake in the retailer as part of an agreement that helped facilitate Saks' $2.65 billion acquisition of Nei [Read more]
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Stockreport

Amazon Blasts Saks Funding Deal, Says Its Equity Is ‘Worthless' [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
the sale of Saks products on its website and that its equity investment in the now bankrupt business is “presumptively worthless.” Amazon challenged Saks' bid to fund its bankruptcy with financing that would provide the retailer with as much as $1.75 billion in fresh cash, according to court documents filed late Wednesday. The financing would saddle the retailer with billions of dollars of new obligations and includes other terms that would harm Amazon and other unsecured creditors of Saks, the filing said. Most Read from Bloomberg Why the Renovation of Federal Reserve Headquarters Costs $2.5 Billion E-Bike Boosters Ask: Is It All Downhill From Here? Hochul Eyes Jamaica Station Revamp and Subway Link Across Harlem The Latest Brand of Tech City Dreams: Virtual Residents Former New York City Housing Liaison Charged With Taking Bribes In 2024, Amazon took a minority stake in the retailer as part of an agreement that helped facilitate Saks' $2.65 billion acquisition of Nei [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
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
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 (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS