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Peak Resorts announces private placement of $20 mln of cumulative convertible preferred stock

Monday, 22 Aug 2016 08:08pm EDT

Peak Resorts Inc : Announces private placement of $20 million of cumulative convertible preferred stock . Agreed to sell Series A cumulative convertible preferred stock, warrants to buy common stock to Cap 1 LLC, family client of Summer Road LLC . In conjunction with private offering, Summer Road to have right to nominate a person for election to Peak's board of directors . Says believes investment will provide it with increased flexibility to meet short- and long-term liquidity .Preferred stock convertible upon change of control, or after 9 months, into shares equal to number of shares to be converted times liquidation value divided by $6.29.

Peak Resorts announces private placement of $20 mln of cumulative convertible preferred stock

Monday, 22 Aug 2016 06:45pm EDT

Peak Resorts Inc : Announces private placement of $20 million of cumulative convertible preferred stock . Agreed to sell Series A cumulative convertible preferred stock, warrants to buy common stock to Cap 1 LLC, family client of Summer Road LLC . In conjunction with private offering, Summer Road to have right to nominate a person for election to Peak's board of directors . Says believes investment will provide it with increased flexibility to meet short- and long-term liquidity .Preferred stock convertible upon change of control, or after 9 months, into shares equal to number of shares to be converted times liquidation value divided by $6.29.

OUE Ltd successfully tenders for Nassim land parcels

Thursday, 18 Aug 2016 08:09am EDT

OUE Ltd : Press release: OUE successfully tenders for nassim land parcels) . OUE reef development pte ltd successfully tendered for two land parcels located at 28 Nassim road Singapore . Deal for bid price of S$56.6 million . Says acquisition is not expected to have any material impact on the net tangible assets per share or earnings per share of the company .

Get Nice entered into placing agreement to place 1.34 bln new shares<0064.HK>

Monday, 15 Aug 2016 08:37am EDT

Get Nice Holdings Ltd <0064.HK>: Placing of new shares under general mandate . Entered into the placing agreement with the placing agent . Deal for placing price of hk$0.225 per placing share . Gross proceeds from the placing will be approximately hk$302 million . Agreed to place, through the placing agent, on a best effort basis, 1.34 billion new shares .

Pan Malaysia Holdings Bhd announces extension of cut-off date of proposed acquisition by Dato' Dr Yu Kuan Chon

Thursday, 11 Aug 2016 06:00am EDT

Pan Malaysia Holdings Bhd : Pursuant to proposed acquisition by Dato' Dr Yu Kuan Chon of 642,700,783 ordinary shares of rm0.10 each in . Board co wishes to announce that Dato' Dr Yu Kuan Chon and vendors had on 11 August 2016 mutually agreed to extend the cut-off date .

Guoco Group says Rank and 888 agreed to come together via all-share merger<0053.HK>

Wednesday, 10 Aug 2016 07:56pm EDT

Guoco Group Ltd <0053.HK>: Under the terms of the proposal, Rank and 888 have conditionally agreed to come together via an all-share merger . Merger such that rank shareholders will receive 1.086 new 888 shares for each rank share held . For each william hill share held, each william hill shareholder would be entitled to receive GBP199 in cash and 0.725 new 888 shares .

Marriott International updates on China's Ministry Of Commerce review

Monday, 8 Aug 2016 08:10am EDT

Marriott International Inc : Update on china's ministry of commerce review of Marriott and Starwood merger . At request of Chinese Ministry Of Commerce, agreed to extend time period for MOFCOM to complete review of Marriott-Starwood merger . Approval by china's ministry of commerce is only remaining merger clearance required before transaction may close . Additional review period, known as phase three, could last up to 60 days .Marriott and Starwood "continue to believe that their planned merger transaction poses no anti-competitive issues in china".

Hotel Leelaventure approves raising investment limit

Monday, 1 Aug 2016 07:01am EDT

Hotel Leelaventure Ltd : Approved commencement of process for sale of certain undertakings of the company . Approves increase in limits for making investments, give loans, guarantees and provide securities beyond the prescribed limits .

Accorhotels to acquire John Paul

Wednesday, 27 Jul 2016 01:45am EDT

Accor SA : AccorHotels to acquire John Paul, world leader in the concierge market; . Co's enterprise value should be close to 150 million dollars . Should acquire about 80 pct of John Paul, the remaining stake being kept by David Amsellem, the founder of the company, who will remain CEO Further company coverage: [ACCP.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).

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