Liberty Interactive Corp

Liberty Interactive announced its earnings on August 5, 2015. The company had revenue of ~$2.3 billion—a fall of 9% from the same quarter last year.

With relationships with emerging and boutique designers, online retailer Zulily uses proprietary technology to match its customers with vendors. This technology is a major reason why Liberty Interactive is buying Zulily.

On August 17, Liberty Interactive announced its acquisition of Zulily for $2.4 billion. It will purchase all of Zulily’s outstanding shares for $18.75 per share.

Before the deal was announced, Zulily was trading at ~$12.50 per share. If the deal breaks, does the stock go back there?

There’s a tender and support agreement between the founding members and Liberty Interactive. These Zulily shareholders have agreed to the Liberty Interactive tender offer.

Prior to shareholder approval of the transaction, Zulily can discuss a merger with another suitor, assuming it’s approached.

Projections from the IMF say Canada’s economy will grow by 1.5% in 2016, 0.7% less than it projected in April. In 2016, however, Canada’s economy is expected to grow at a 2.1% pace.

Based in Oakland, Starwood Waypoint Residential Trust is a real estate investment trust that acquires, renovates, leases, maintains, and manages single family homes.

Liberty Interactive Corporation owns interests in subsidiaries and other companies that focus primarily on the video and online commerce industries.

Lennar’s management noted that “New orders in the quarter rose 23% over the prior year, with increases in each of our segments.”