Key Developments: J2 Global Inc (JCOM.OQ)

JCOM.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

j2 Global Inc announces R. Scott Turicchi as CFO
Thursday, 3 Jul 2014 08:00am EDT 

j2 Global Inc:Says current president and former CFO, R. Scott Turicchi, will assume the role of chief financial officer effective with Kathleen Griggs' departure from her position as chief financial officer and Treasurer of j2 Global on Aug. 8, for personal reasons.  Full Article

j2 Global Inc announces pricing of $350,000,000 of 3.25 pct. convertible senior notes due 2029
Thursday, 12 Jun 2014 08:00am EDT 

j2 Global Inc:Says that it has priced an offering of $350,000,000 of its 3.25 pct. convertible senior notes due 2029.Says j2 Global intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions or payment of the offer price in respect of any notes tendered in connection with a subsidiary's offer to purchase its outstanding notes.The Notes are convertible into cash or shares of j2 Global common stock, or a combination thereof at j2 Global's election.Interest on the Notes will be paid semi-annually at a rate of 3.25 pct. per year and the Notes will mature on June 15, 2029.The initial conversion rate of the Notes is 14.4159 shares of common stock per $1,000 principal amount, which is equivalent to an initial conversion price of about $69.37 per share of common stock.Says BofA Merrill Lynch, Citigroup and Wells Fargo Securities are acting as joint book-running managers in the offering.  Full Article

Moody's affirms j2 Global Inc's B1 corporate family rating
Wednesday, 11 Jun 2014 05:07pm EDT 

j2 Global Inc:Moody's Investors Service has affirmed j2 Global Inc's B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating and SGL-1 Speculative Grade Liquidity (SGL) rating.Following the company's announcement that it will reorganize its corporate structure and raise $300 million of new convertible notes due 2029 at the newly formed holding company, j2 Global Holdings Inc.  Full Article

j2 Global Inc announces proposed offering of $300,000,000 of convertible senior notes due 2029
Tuesday, 10 Jun 2014 05:01pm EDT 

j2 Global Inc:Offers $300,000,000 of convertible senior notes due 2029 (Notes).j2 Global intends to use net proceeds from offering for general corporate purposes, which may include acquisitions or payment of the offer price in respect of any notes tendered in connection with a subsidiary's offer to purchase its outstanding notes.Notes will be convertible into cash or shares of j2 Global common stock, or combination thereof at j2 Global's election, subject to satisfaction of certain conditions and during certain periods.Interest rate, conversion rate and certain other pricing terms of notes will be determined at time of pricing of the offering.Notes will not be guaranteed by any of j2 Global's subsidiaries.Notes will be subject to redemption for cash at j2 Global's option on and after June 20, 2021.In addition, holders will be able to cause j2 Global to repurchase the Notes for cash in June of 2021 and 2024 and upon the occurrence of certain events.j2 Global also expects to grant the underwriters an over-allotment option to purchase up to an additional $45,000,000 aggregate principal amount of Notes.BofA Merrill Lynch, Citigroup and Wells Fargo Securities are acting as joint book-running managers in the offering.  Full Article

j2 Global subsidiary acquires emedia
Wednesday, 4 Jun 2014 07:58am EDT 

j2 Global Inc:Says Ziff Davis acquires emedia Communications LLC, from Reed Business Information.Says an agreement has also been signed to acquire the UK-based division of emedia, which will transfer to Ziff Davis following a period of employee consultation.Terms of the acquisition were not disclosed and the financial impact to j2 Global is not expected to be material.Signal Hill Capital Group acted as the exclusive financial advisor to Reed Elsevier in this transaction.  Full Article

j2 Global Inc reaffirms FY 2014 guidance - Conference Call
Monday, 19 May 2014 06:00pm EDT 

j2 Global Inc:Reaffirms FY 2014 outlook.Expects FY 2014 revenues of between $580 million and $600 million.Expects FY 2014 adjusted non-GAAP EPS of between $3.23 and $3.47.FY 2014 revenue of $590 million and EPS of $3.39 - Thomson Reuters I/B/E/S.  Full Article

j2 Global Inc declares dividend
Thursday, 8 May 2014 04:17pm EDT 

j2 Global Inc:Approved a second quarter cash dividend of $0.27 per common share.Dividend will be paid on June 3 to all shareholders of record on May 19.  Full Article

j2 Global Inc reaffirms FY 2014 outlook
Thursday, 8 May 2014 04:15pm EDT 

j2 Global Inc:Reaffirms FY 2014 outlook.Expects FY 2014 revenues of between $580 and $600 mln.Expects FY 2014 adjusted Non-GAAP earnings per diluted share of between $3.23 and $3.47.FY 2014 revenue of $588 mln, EPS of $3.35 - Thomson Reuters I/B/E/S.  Full Article

j2 Global acquires Critical Software Ltd
Thursday, 3 Apr 2014 07:59am EDT 

j2 Global Inc:Announces acquisition of Critical Software Ltd., a UK-based Email Security and Management company operating under the brand name iCritical.  Full Article

J2 Global Inc announces auditor change - Form 8-K
Wednesday, 19 Mar 2014 04:14pm EDT 

J2 Global Inc:On March 17, it approved the dismissal of SingerLewak LLP as independent accountants.On March 17, it approved the selection of BDO USA LLP as new independent accountants.  Full Article

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