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Stock Market & Financial Investment News

News Breaks
January 23, 2014
07:15 EDTLFLeapFrog checks show holiday weaker than expected, says Ascendiant
Ascendiant said its channel checks indicate LeapFrog had a weaker than expected holiday season. The firm says that while deep price discounts drove increased sales of the LeapPads, its channel checks show that sales have tapered off significantly post holidays. The firm lowered its price target for LeapFrog shares to $6.50 from $7 and keeps a Neutral rating on the stock.
News For LF From The Last 14 Days
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February 9, 2016
19:18 EDTLFOn The Fly: After Hours Movers
UP AFTER EARNINGS: Limelight Networks (LLNW), up 20%... Akamai Technologies (AKAM), up 15.7%... Marketo (MKTO), up 9.9%... Paycom Software (PAYC), up 13.8%... A10 Networks (ATEN), up 7.3%... Prospect Capital (PSEC), up 8.6%... Nuance Communications (NUAN), up 6.5%... Panera Bread (PNRA), up 2.8%. ALSO HIGHER: Empire District Electric (EDE), up 14.8% after Algonquin Power will acquire the company for $34.00 per share. DOWN AFTER EARNINGS: SolarCity (SCTY), down 32.6%... LeapFrog (LF), down 2%... Orion Energy Systems (OESX), down 23.8%... Seattle Genetics (SGEN), down 3.6%... Sangamo Biosciences (SGMO), down 7.1%... Disney (DIS), down 3.4%... Demandware (DWRE), down 2.6%. ALSO LOWER: Sunrun (RUN) is down 6.9%, Solaredge Technologies (SEDG) is down 6.6%, SunEdison (SUNE) is down 5.9%, Canadian Solar (CSIQ) is down 2.9%, SunPower (SPWR) is down 2.9%, and Tesla (TSLA) is down 2.2% following SolarCity's fourth quarter results.
16:12 EDTLFLeapFrog reports Q3 adjusted EPS (61c), consensus (39c)
Reports Q3 revenue $83.1M, consensus $104.1M.
February 5, 2016
09:19 EDTLFLeapFrog to be acquired by VTech Holdings in transaction valued at approx. $72M
VTech Holdings and LeapFrog Enterprises, a developer of educational entertainment for children, announced that the two companies have entered into a merger agreement whereby VTech will acquire LeapFrog. VTech plans to acquire 100% of the outstanding common stock of LeapFrog through an all cash tender offer followed by a second-step merger. In the tender offer, VTech will offer LeapFrog investors $1.00 per share for LeapFrog's Class A and Class B shares, which represents a 75.4% premium over the closing price of LeapFrog's Class A shares on 4 February 2016. The total purchase consideration amounts to approximately $72M. VTech will fund the tender offer through internal resources. The tender offer is expected to commence on or about March 3, and will be open for a minimum of 20 business days. The closing of the transaction is subject to satisfaction of certain conditions set forth in the merger agreement, which has been unanimously approved by the Boards of Directors of both companies. LeapFrog's Board has agreed to unanimously recommend to its stockholders that they tender their shares of LeapFrog common stock pursuant to the tender offer.
09:18 EDTLFLeapFrog to be acquired by VTech Holdings in transaction valued at approx. $72M
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09:16 EDTLFLeapFrog trading halted, pending news
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