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Stock Market & Financial Investment News

News Breaks
February 13, 2012
08:19 EDTEDSExceed Co. announces extension of share repurchase program
Exceed announced that its Board of Directors has extended the date of expiration of Exceed's existing $10M share repurchase program from Feb. 14 to Aug. 14. To date, the company has purchased up to 485,242 of its ordinary shares, at an aggregate cost of approximately $2.1M, with a balance of approximately $7.9M available for further repurchases under the share repurchase program.
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October 21, 2014
08:10 EDTEDSExceed enters into an amendment to the merger with Pan Long
Exceed Company announced that on October 20 it entered into an amendment to the Agreement and Plan of Merger, dated December 2, 2013, by and among the Company, Pan Long Company, an exempted company with limited liability incorporated under the laws of the Cayman Islands and wholly owned by Shuipan Lin, the Company's Chairman and CEO and Pan Long Investment Holdings Limited, a wholly owned subsidiary of Parent. Under the terms of the Merger Agreement, either the Company or Parent could terminate the Merger Agreement without payment of a termination fee if the merger contemplated by the Merger Agreement was not consummated by the termination date of September 2. The Merger Agreement Amendment extends the Termination Date to December 31. The Merger Agreement Amendment also increases the fee payable by Parent to the Company to $2.5M if the Merger Agreement is terminated under circumstances where a termination fee of $2M would previously have been payable and provides that the Company is no longer obligated to pay a termination fee to Parent if the Merger Agreement is terminated under circumstances where a termination fee of $1M would previously have been payable.

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