Orlando, FL -- (SBWIRE) -- 09/05/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On LinkedIn Corp(NYSE:LNKD), Cemex SAB de CV (ADR)(NYSE:CX).
LinkedIn Corp(NYSE:LNKD) is planning to sell $1bn worth of stock in a secondary offering two years after its initial public offering, and will use the proceeds to increase its financial flexibility and for purposes of expansion.
Should Investors Buy LNKD After Yesterday’s Slump? Find Out Here
On June 30, the company’s net cash stood at $873m, so money is probably being raised to fund huge acquisitions. The company has already acquired mobile newsreader Pulse and online presentations site SlideShare.
JPMorgan and Morgan Stanley will lead the offering, along with Goldman Sachs, BofA Merrill Lynch and Allen and Co. They will also be given the option to purchase another $150m of common stock from LinkedIn.
The stock closed 2.5 per cent higher on Tuesday at $246.13, but shed 2 per cent in after-hours trading. Market capitalization now stands at $32bn, against $4.3bn at the time of the IPO.
Meanwhile, Cemex SAB de CV (ADR)(NYSE:CX), S.A.B. de C.V. has said that it has reached an agreement with Holcim for a series of transactions to improve CEMEX’s position in Europe.
How Should Investors Trade CX After The Recent Volatility? Get Free Report Here
CEMEX will acquire all of Holcim’s assets in the Czech Republic, a market with a strong economy and solid prospects, which include one cement plant, four aggregates quarries and 17 ready-mix plants.
Further, CEMEX will divest its assets in the western part of Germany to Holcim. These include one cement plant and two grinding mills, one slag granulator, 22 aggregates quarries and 79 ready-mix plants. CEMEX will continue to be present in the eastern, northern and southern parts of Germany.
In addition, CEMEX and Holcim will combine their operations in Spain, and CEMEX will have a 75% controlling interest.
Under the agreement, Holcim will pay CEMEX €70 million Euros in cash. Additionally, the transactions are expected to generate synergies that will result in raising CEMEX’s EBITDA from US$20 million to US$30 million beginning 2014.
BBVA, Citigroup and Santander are financial advisors to CEMEX.
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)