Key Developments: UTi Worldwide Inc (UTIW.OQ)

UTIW.OQ on NASDAQ Stock Exchange Global Select Market

10.78USD
21 Oct 2014
Price Change (% chg)

$0.45 (+4.36%)
Prev Close
$10.33
Open
$10.38
Day's High
$10.80
Day's Low
$10.38
Volume
174,192
Avg. Vol
313,064
52-wk High
$17.70
52-wk Low
$9.00

Search Stocks

Latest Key Developments (Source: Significant Developments)

UTi Worldwide Inc gives FY 2016 EBITDA guidance
Thursday, 4 Sep 2014 08:00am EDT 

UTi Worldwide Inc:Expects FY 2016 EBITDA in the range of $190 to $210 mln.FY 2016 EBITDA of $206 mln - Thomson Reuters I/B/E/S.  Full Article

Glancy Binkow & Goldberg LLP files class action lawsuit against UTi Worldwide Inc
Tuesday, 1 Apr 2014 10:32am EDT 

Glancy Binkow & Goldberg LLP:Class action lawsuit has been filed in United States District Court for Central District of California on behalf of class comprising all purchasers of securities of UTi Worldwide Inc. between Dec. 5, 2013 and Feb. 25.Complaint alleges that UTi was experiencing severe liquidity crunch during the foregoing period and was rapidly depleting lines of credit as result of problems with rollout of new freight-forwarding operating system.Undisclosed liquidity problems were so severe that company was at risk of breaching financing covenants.To provide UTi with emergency financing, company was forced to engage in heavily dilutive offering of convertible notes and preferred shares totaling over $500 mln.  Full Article

Holzer & Holzer, LLC files class action on behalf of investors of UTi Worldwide Inc
Tuesday, 18 Mar 2014 02:49pm EDT 

Holzer & Holzer, LLC:Files in United States District Court for the Central District of California on behalf of investors who purchased UTi Worldwide Inc. securities between Dec. 5, 2013 and Feb. 25.Complaint alleges, UTi violated the U.S. securities laws by failing to disclose problems with the Company's freight forwarding operating and global financial systems and as a result, UTi was forced to engage in a dilutive offering of convertible notes.  Full Article

Wolf Popper LLP announces filing of class action lawsuit against UTi Worldwide Inc
Monday, 17 Mar 2014 03:58pm EDT 

Wolf Popper LLP:Filed a class action lawsuit against UTi Worldwide Inc and two of its senior officers, in the United States District Court for the Central District of California, on behalf of all persons who purchased shares of UTi common stock on the open market during the period Dec. 5, 2013 through Feb. 25.Complaint charges that defendants omitted material facts from their SEC filings and other public statements.Namely, that UTI was experiencing a cash crunch and was rapidly depleting its lines of credit because of problems experienced with the rollout of its new freight forwarding operating and global financial systems.  Full Article

Uti Worldwide Inc closes offering of $400 mln 4.50 pct convertible senior notes due 2019 and $175 million 7.00 pct convertible preference shares
Tuesday, 4 Mar 2014 10:20am EST 

Uti Worldwide Inc:Completes both of private offerings, which consisted of $350 mln aggregate principal amount of 4.50 pct Convertible Senior Notes due 2019 and $175 mln of 7.00 pct Convertible Preference Shares.Grantes the initial purchasers in the Notes offering an option to purchase up to an additional $50 mln aggregate principal amount of the notes, which option has been exercised in full, increasing the aggregate principal amount of the Notes to $400 million.net proceeds of the offerings were about $555 mln.Intends to use the net proceeds of the offerings to repay debt and for other general corporate purposes.  Full Article

UTi Worldwide Inc gives Q4 2014 guidance; EPS guidance below analysts' estimates - Conference Call
Friday, 28 Feb 2014 01:00pm EST 

UTi Worldwide Inc:Sees Q4 2014 GAAP revenues to be $1.05 bln - $1.10 bln.Sees Q4 2014 GAAP net revenues to be $370 mln - $377 mln.Sees Q4 2014 GAAP net loss per diluted share to be $0.33 - $0.38.Q4 2014 revenues of $1.09 bln, EPS of $(0.01) - Thomson Reuters I/B/E/S.  Full Article

UTi Worldwide Inc announces pricing of $350 million convertible senior notes due 2019
Wednesday, 26 Feb 2014 11:00pm EST 

UTi Worldwide Inc:Announced that it has priced its private offering of $350 million aggregate principal amount of 4.50 pct Convertible Senior Notes due 2019.It has also granted the initial purchasers in the offering an option to purchase up to an additional $50 million aggregate principal amount of the Notes.Says the notes will mature on March. 1, 2019, unless earlier converted, redeemed or purchased by UTi.Intends to use the net proceeds of the offering for general corporate purposes, including repayment of debt.  Full Article

Uti Worldwide Inc announces private offering of convertible notes
Wednesday, 26 Feb 2014 06:13am EST 

Uti Worldwide Inc:Plans to issue $350 mln aggregate principal amount of Convertible Senior Notes due 2019 in a private offering, subject to market and other conditions. UTi Worldwide Inc.Expects to grant the initial purchasers in the offering an option to purchase up to an additional $50 million aggregate principal amount of the Notes.Intends to use the net proceeds of the offering for general corporate purposes, including repayment of debt.  Full Article

Uti Worldwide Inc Declares Annual Dividend of $0.06 Per Share
Wednesday, 12 Jun 2013 08:00am EDT 

Uti Worldwide Inc announced that Board of Directors has declared an annual cash dividend of $0.06 per share on the company's ordinary shares, payable on August 1, 2013 to shareholders of record as of June 30, 2013.  Full Article

BRIEF-Axway says UTI Worldwide has implemented its Axway 5 suite

* Says UTI Worldwide has implemented Axway 5 suite for enterprise-level integration Source text for Eikon: Further company coverage: (Gdynia Newsroom: +48 58 698 39 20; Gdynia.newsroom@thomsonreuters.com)

Search Stocks