Stocks of TRI Pointe Group, Inc. (NYSE:TPH) appeared in active trade move, plunged -4.36% to trade at $12.73 in last session with shares volume of 7.22 Million. TRI Pointe Group, Inc. (TPH) reported that commencement of an underwritten offering of 11,985,905 shares of its common stock by VIII/TPC Holdings, L.L.C., a fund affiliated with Starwood Capital Group. VIII/TPC Holdings, L.L.C. will be the only selling stockholder.
The Company will not issue shares in the offering and will not receive any proceeds from the sale of shares by the selling stockholder in this offering. Citigroup is acting as the sole book-running manager for this offering. The Company has an effective registration statement on file with the Securities and Exchange Commission and a preliminary prospectus supplement for the offering to which this communication relates will be made accessible. To taking a short look on firm’s performance of margin, it showed a positive 8.10% in the net profit margin and in addition to its operating margin, which remained 12.30%.
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Cintas Corporation (NASDAQ:CTAS) jumped up 4.72% during the previous trading session as the firm held price to earnings ratio of 27.07. Cintas Corporation (CTAS) reported that all necessary regulatory consents relating to the acquisition of G&K Services, Inc. have been received with no divestiture requirements, and the transaction is expected to close on Tuesday, March 21, 2017. G&K Services shareholders previously voted to approve the transaction at its annual meeting of shareholders held on November 15, 2016.
G&K Services is a uniforms and facility services provider with over 170,000 consumers in the U.S. and Canada and with annual revenue of roughly $1.0 billion. After this transaction is completed, Cintas expects to serve over one million consumers in the U.S. and Canada and have annual revenue in excess of $6.0 billion.
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xG Technology, Inc. (NASDAQ:XGTI) keeps its position active in street, shares closed at $1.49 with rises up of 4.93%. xG Technology, Inc. (NASDAQ:XGTI) reported that it has reached an contract with Pebble Beach Systems for extinguishing the remaining deferred debt from the acquisition of Vislink. All deferred payments due from xG against the original promissory notes covering the acquisition of Vislink are now settled in full, and all liens are reported.
George Schmitt, Executive Chairman and CEO of xG Technology, said, “We are pleased to announce the final settlement of all debt arising from the acquisition of Vislink. We have done this without adding any additional debt to our balance sheet, leaving us in an even better position than we expected when we originally made the acquisition. We want to thank the team at MB Technology Holdings for spearheading the negotiations involved in the acquisition on xG’s behalf, especially in reaching this most recent contract with the seller. Their ability to bring these very difficult and time-consuming negotiations to a successful conclusion is the key reason we have been able to increase our revenue base almost tenfold.” While past twelve months price to sales ratio recorded as 3.67 and price to cash ratio remained 8.77.
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