During its 2Q15 earnings conference call, Amazon’s management mentioned that its Prime Day in July this year was a bigger day than Black Friday in terms of sales.
Standard MAE language includes carve-outs that addresses various scenarios. For example, merely missing your quarter isn’t a MAE, but the reason why you missed may well be.
As a general rule, MAE clauses follow a similar format. Just about anything that has a material adverse effect on the company will be considered an MAE, but there are exceptions to that rule.
As a holding company, Liberty Interactive owns interests in companies that engage in the video and online commerce industries. Liberty Interactive is currently buying Zulily.
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.
Was there a process to sell Zulily? We won’t know until the actual tender offer document is released. But what are other shareholders making of the deal?
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.
There is no “Zulily brand,” per se, the way, say, there’s a Gap (GPS) brand. Zulily offers consumers ideas based on various different designs from niche and emerging designers.
Before the merger between Liberty Interactive and Zulily can proceed, each company will have to file under the Hart–Scott–Rodino Antitrust Improvements Act.
The merger spread on the Zulily acquisition is currently negative. Liberty Interactive has decided to structure the merger as an exchange offer, which means no vote is required on either side.
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.
Sunesis is a bio-pharmaceutical company that focuses on the development and commercialization of new oncology therapeutics for the treatment of solid and hematologic cancers.
