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 Turquoise Hill Resources Ltd(NYSE:TRQ), Meanwhile, Baidu Inc (ADR)(NASDAQ:BIDU).
Turquoise Hill Resources Ltd(NYSE:TRQ) has said that it has entered into a pre-bid acceptance deed with Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd in respect of 108,502,084 ordinary shares, approximately 14.9% of the issued and outstanding ordinary shares in Inova Resources Limited and mentions Shanxi's announcement of its intention to make a takeover bid for all of the issued shares in Inova at AUD$0.22 cash per share. The Offer is subject to regulatory approval and a 51% minimum acceptance condition.
Under the pre-bid acceptance deed, Turquoise Hill has agreed to accept the Takeover Offer in respect of the Sale Shares by not later than five business days after the day on which Shanxi declares that all the conditions have been satisfied or waived. Also, IAL is not required to accept the Takeover Offer in respect of the Sale Shares earlier than two weeks after the date of the offers under the Takeover Offer or, if a superior proposal is made, is not matched by Shanxi within five business days.
Unless a superior proposal emerges, Turquoise Hill has said that it intends to accept the Takeover Offer in respect of all of the other Inova shares held by IAL, but it does not intend to do so before IAL accepts the Takeover Offer in respect of the Sale Shares.
Are investors worried about the recent updates with TRQ? Find out with a free trend analysis HERE
Meanwhile, Baidu Inc (ADR)(NASDAQ:BIDU) has entered into a partnership with Chinese manufacturer TCL Multimedia Technology and is selling smart TVs as part of its efforts to participate in the growing online video business.
This will help the Chinese search giant to expand the reach of iQiyi, its online video platform. The 48-inch TV, known as TCL-iQIYI TV+, will be available for purchase online at 360buy for 4,567 yuan or US$746.
Users can access 200,000 selected high-definition videos, movies and drama series free of charge.
Hao Yi, CEO of TCL Multimedia, said:
"With the cooperation with iQIYI and Baidu, we have become the first Chinese TV maker to have incorporated the Internet business model into the conventional TV business."
Is BIDU going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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