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Stock Market & Financial Investment News

News Breaks
March 3, 2014
07:51 EDTNIHDNII Holdings price target lowered to $1.75-$2.50 from $13-$15 at Wells Fargo
Wells Fargo slashed its price target on NII Holdings after the company reported slightly better than expected Q4 results but fears arose about the company's liquidity. The firm lowered its estimates and says it does not have high confidence in the company's guidance, but it thinks the stock currently reflects a worst-case scenario. It keeps an Outperform rating on the shares.
News For NIHD From The Last 14 Days
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June 26, 2015
13:59 EDTNIHDNII Holdings emerges from Chapter 11 reorganization
NII Holdings announced that it has satisfied the conditions to the effectiveness of the First Amended Joint Plan Of Reorganization of the company and certain of its subsidiaries that was confirmed by the United States Bankruptcy Court for the Southern District of New York on June 19 and has successfully emerged from its Chapter 11 reorganization proceedings. Under the Plan, a new Board of Directors of NII consisting of seven directors was created at the time the Plan became effective. Currently the directors include CEO Steven Shindler, Kevin Beebe, James Continenza, Howard Hoffmann, Ricardo Knoepfelmacher and Christopher Rogers with one director vacancy that is expected to be filled in coming weeks. Under the Plan, approximately 100 million shares of NII Holdings' new common stock and $745M in cash will be distributed to holders of senior notes issued by the Company's subsidiaries, NII Capital Corp. and NII International Telecom S.C.A. The Company has applied to list the shares of NII Holdings' new common stock on the NASDAQ Stock Exchange. It is expected that the conditions to that listing will be satisfied in coming weeks, at which time the shares are expected to trade under its former ticker symbol "NIHD".

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