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Stockreport

China's JD.com Set To Acquire German Electronics Giant [Barron's]

JD.com, Inc. - American Depositary Shares (JD)  More Company Research Source: Barrons
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
The Chinese company said in a statement late Wednesday it had signed a deal with Ceconomy, the parent company of two major retailers, MediaMarkt and Saturn. Advertisement - Scroll to Continue The retailers have a network of more than 1,000 electronics stores, many of them in Germany but also in several other European countries, as well as online sales platforms. The two chains have some 50,000 employees. Ceconomy said in a statement that its management intends to recommend that shareholders accept the offer. "This partnership with Ceconomy will build Europe's leading next-generation consumer electronics platform," said Sandy Xu, CEO of JD.com, which competes with the likes of Alibaba and Temu. The two sides said JD.com is offering Ceconomy shareholders 4.60 euros per share, a hefty premium over the average share price in the last three months, meaning the Chinese group will pay around 2.2 billion euros (2.5 billion dollars) for the acquisition. Advertisement - Scroll to C [Read more]
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Stockreport

China's JD.com Set To Acquire German Electronics Giant [Barron's]

JD.com, Inc. - American Depositary Shares  (JD) 
More Company Research Source: Barrons
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
The Chinese company said in a statement late Wednesday it had signed a deal with Ceconomy, the parent company of two major retailers, MediaMarkt and Saturn. Advertisement - Scroll to Continue The retailers have a network of more than 1,000 electronics stores, many of them in Germany but also in several other European countries, as well as online sales platforms. The two chains have some 50,000 employees. Ceconomy said in a statement that its management intends to recommend that shareholders accept the offer. "This partnership with Ceconomy will build Europe's leading next-generation consumer electronics platform," said Sandy Xu, CEO of JD.com, which competes with the likes of Alibaba and Temu. The two sides said JD.com is offering Ceconomy shareholders 4.60 euros per share, a hefty premium over the average share price in the last three months, meaning the Chinese group will pay around 2.2 billion euros (2.5 billion dollars) for the acquisition. Advertisement - Scroll to C [Read more]
IMPACT SNAPSHOT
EVENT TIME:
JD
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