A flash back into the past. When it comes to the stock market one of the best ways to learn is by looking back into the past. Today we are going to look back at what expert analysis were saying a few years back. Pay attention to the psychology and see if there is something to be learned that can help you predict what these stocks may do in the future.
On Wednesday, Shares of Mindray Medical International Ltd (ADR) (NYSE:MR), gained 6.95% to $26.62.
Mindray Medical International Limited, declared that it has reached a definitive Agreement and Plan of Merger (the Merger Agreement) with Excelsior Union Limited (Parent) and Solid Union Limited (Merger Sub), following which Parent will acquire the Company for cash consideration equal to US$28.0 per ordinary share of the Company (a Share) or US$28.0 per American Depositary Share, each representing one Share (an ADS), in a transaction valuing the Company at about US$3.3 billion, on a fully diluted basis. This price represents a premium of 1.9% over the Companys closing price of US$27.47 per ADS on June 3, 2015, the last trading day preceding to June 4, 2015, the date that the Company declared it had received a going private proposal.
Right Away after the completion of the transactions contemplated by the Merger Agreement (the Transactions), Parent will be beneficially owned by Mr. Li Xiting, the executive chairman of the board of directors of the Company (the Board), president and co-chief executive officer of the Company, Mr. Xu Hang, the chairman of the Board, and Mr. Cheng Minghe, the co-chief executive officer and chief planned officer of the Company (collectively, the Buyer Group). The members of the Buyer Group, presently beneficially own, in the aggregate, about 27.7% of the outstanding Shares of the Company, representing about 63.5% of the total number of votes represented by the Companys outstanding Shares.
Subject to the terms and conditions of the Merger Agreement, Merger Sub will merge with and into the Company, with the Company ongoing as the surviving corporation and a wholly owned partner of Parent (the Merger). Following the Merger Agreement, at the effective time of the Merger (the Effective Time), each Share issued and outstanding right away preceding to the Effective Time (counting Shares represented by ADSs) will be cancelled and cease to exist in exchange for the right to receive US$28.0 per Share, or US$28.0 per ADS, in each case, in cash without interest, except for (a) Shares, counting such Shares represented by the ADSs, beneficially owned by the Buyer Group which will be cancelled and cease to exist without payment of any consideration or distribution therefor, and (b) Shares held by the Companys shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the Merger following Section 238 of the Companies Law of the Cayman Islands (the Dissenting Shares), which will be cancelled and cease to exist in exchange for the right to receive the payment of fair value of the Dissenting Shares in accordance with Section 238 of the Companies Law of the Cayman Islands.
Mindray Medical International Limited develops, manufactures, and markets medical devices worldwide. The company operates in three segments: Patient Monitoring and Life Support Products, In-Vitro Diagnostic Products, and Medical Imaging Systems. The Patient Monitoring and Life Support Products segment offers monitoring devices that track the physiological parameters of patients, such as heart rate, blood pressure, respiration, and temperature.
Shares of UnitedHealth Group Inc (NYSE:UNH), declined -2.58% to $114.63, during its last trading session.
The Greater Hartford Arts Council has declared the recipients of its 2016 Arts + Wellness Grants. These grants, supported by United Healthcare, were given to four local arts organizations to produce programs that use creativity to enrich lives and enhance the health and well-being of veterans and their families.
The recipients – Ballet Theater Company, Hospital for Special Care, the University of Saint Joseph’s Autorino Center for the Arts and Humanities, and the Veteran’s Art Foundation – were chosen by a panel of community volunteers and were honored recently at the 100 Pearl Street Gallery in Hartford.
“The Arts Council is proud to award ‘Arts and Wellness’ grants to these four outstanding organizations that are doing so much to enrich the lives of veterans and their families,” said Cathy Malloy, CEO, Greater Hartford Arts Council. “These programs will assist veterans cope with their experiences and connect with their communities through art. We thank UnitedHealthcare for its support of this important grant program and for its commitment to our nation’s veterans.”
UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s United Healthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.
Finally, Shares of PPL Corp (NYSE:PPL), ended its last trade with 0.49% gain, and closed at $34.52.
PPL Corporation, Chairman, President and Chief Executive Officer William H. Spence will present to investors and financial analysts at the 50th Edison Electric Institute Financial Conference. The conference will be held at 10:30 a.m. EST on Tuesday, Nov. 10, in Hollywood, Florida.
PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. It serves 321,000 natural gas and 397,000 electric customers in Louisville and 16 surrounding counties; and 543,000 customers in 77 Kentucky counties and 5 counties in Virginia.
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