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Stock Market & Financial Investment News

News Breaks
March 13, 2014
08:49 EDTGAGiant Interactive March volatility elevated at 59 on tight price movement
Giant Interactive March call option implied volatility is at 59, April is at 43, October is at 25; compared to its 26-week average of 40 according to Track Data, suggesting large near term price movement. Note; the company received a proposal to be acquired for $11.75 per share from the company's chairman, Yuzhu Shi and an affiliate of Baring Private Equity Asia on November 25, 2013.
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July 14, 2014
06:04 EDTGAGiant Interactive announces shareholder approval of merger
Giant Interactive announced that the company's shareholders voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger dated as of March 17 and amended on May 12, among the company, Giant Investment and Giant Merger Limited, pursuant to which Merger Sub will be merged with and into the company with the company surviving as a wholly owned subsidiary of Parent, and to authorize and approve any and all transactions contemplated by the merger agreement, including the merger. The parties currently expect to complete the merger within the month, subject to the satisfaction or waiver of the conditions set forth in the merger agreement. Upon completion of the Merger, Giant will become a privately held company and its ADS, each representing one ordinary share, will no longer be listed on the New York Stock Exchange.

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