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Telstra sells stake in China's Autohome for USD 1.6 billion
2016-04-18 11:06:00| Telecompaper Headlines
(Telecompaper) Telstra has agreed to sell a 47.7 percent stake in Chinese online business Autohome to Ping An Insurance Group for USD 1.6 billion. Telstra will retain a 6.5 per cent interest in Autohome after completing the transaction. The sale price of USD 29.55 per share reflects a premium of 12.7 percent to Autohome's volume weighted average price over the past 60 days. Ping An is expected to support Autohome's expansion into the offline car retail market in China, offering its expertise in financing and insurance. Telstra said it expects to book an accounting gain of AUD 1.8 billion in the second half of fiscal 2016. Completion of the sale is subject to Chinese regulatory approvals and Autohome Board approval. Telstra said it will take a "balanced approach in considering the use of these funds, which includes potential capital management options".
Macquarie Group Ltd. Sells 1,850 Shares of Cirrus Logic, Inc.
2016-04-18 10:26:00| Semiconductors - Topix.net
Macquarie Group Ltd. lowered its stake in shares of Cirrus Logic, Inc. by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission . The fund owned 1,083,665 shares of the company's stock after selling 1,850 shares during the period.
Tags: group
shares
logic
sells
Two Sigma Advisers LLC Sells 10,000 Shares of Cal-Maine Foods Inc
2016-04-18 09:38:21| Food - Topix.net
Two Sigma Advisers LLC cut its position in shares of Cal-Maine Foods Inc by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,704 shares of the company's stock after selling 10,000 shares during the period.
VIDEO: The bookshop that only sells romance
2016-04-18 00:59:11| BBC News | Business | UK Edition
Two sisters in Los Angeles have opened a bookshop that only sells romance fiction. Bea and Leah Koch say it is the only such bookshop in the US.
Tags: video
romance
sells
bookshop
Advisors Asset Management Inc. Sells 26,758 Shares of Intel Co.
2016-04-17 10:31:47| Agriculture - Topix.net
Advisors Asset Management Inc. lowered its stake in shares of Intel Co. by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission .
Tags: management
shares
intel
asset
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