Key Developments: MercadoLibre Inc (MELI.O)

MELI.O on Nasdaq

107.62USD
12:17pm EDT
Price Change (% chg)

$0.77 (+0.72%)
Prev Close
$106.85
Open
$107.89
Day's High
$109.57
Day's Low
$107.09
Volume
141,192
Avg. Vol
551,461
52-wk High
$142.25
52-wk Low
$79.52

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Latest Key Developments (Source: Significant Developments)

Mercadolibre Inc declares dividend
Thursday, 7 Aug 2014 04:04pm EDT 

Mercadolibre Inc:Declares a quarterly dividend of $0.166 per share.Payable on Oct. 15 to shareholders of record on Sept. 30.  Full Article

Mercadolibre Inc announces pricing of $300 mln of 2.25 pct. convertible senior notes due 2019
Tuesday, 24 Jun 2014 11:39pm EDT 

Mercadolibre Inc:Prices $300 mln aggregate principal amount of 2.25 pct. convertible senior notes due 2019.Grants initial purchasers 13-day option to purchase up to additional $30 mln principal amount of notes, solely to cover over-allotments.Expects offering to close on June 30.Interest on notes will be paid semiannually in arrears on Jan. 1 and July 1 of each year at rate of 2.25 pct. per year, beginning on Jan. 1, 2015.Estimates that net proceeds from offering of notes will be about $292 mln (or about $322 mln if initial purchasers of notes exercise their over-allotment option in full), after deducting fees and estimated expenses.Expects to use a portion of net proceeds from offering of notes to pay cost of capped call transactions.Intends to use remainder of net proceeds from offering for general corporate purposes.  Full Article

Mercadolibre Inc announces proposed offering of $300 million of convertible senior notes due 2019
Monday, 23 Jun 2014 04:00pm EDT 

Mercadolibre Inc:Intends to offer, subject to market and other conditions, $300 mln aggregate principal amount of Convertible Senior Notes due 2019.MercadoLibre expects to grant the initial purchasers a 13-day option to purchase up to an additional $30 mln principal amount of notes, solely to cover over-allotments.Notes will pay interest semiannually and will mature on July 01, 2019, unless earlier repurchased or converted in accordance with their terms prior to such date.MercadoLibre will not have the right to redeem the notes prior to maturity.Prior to Jan.10, 2019, notes will be convertible at the option of holders of notes only upon satisfaction of certain conditions and during certain periods, and thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.Upon conversion, holders of the notes will receive shares of MercadoLibre's common stock, cash or a combination thereof, at MercadoLibre's election.Interest rate, initial conversion rate and other terms of the notes will be determined by negotiations between MercadoLibre and the initial purchasers of the notes at the time of the pricing of the offering.Connection with the pricing of the notes, MercadoLibre intends to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the notes or their respective affiliates.  Full Article

Mercadolibre Inc declares dividend
Thursday, 8 May 2014 04:03pm EDT 

Mercadolibre Inc:Declared a quarterly dividend of $0.166 cents per share.Payable on July 15 to shareholders of record on June 30.  Full Article

Mercadolibre Inc raises quarterly dividend from $0.143 to $0.166 per share
Thursday, 13 Mar 2014 04:46pm EDT 

Mercadolibre Inc:Raises dividend from $0.143 to $0.166 per share.Payable on April 15 to stockholders of record as of the close of business on March 31.  Full Article

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