News Breaks |
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| February 6, 2013 |
| 16:26 EDT |  | XIDE | Exide trading halted, news pending
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News For XIDE From The Last 14 Days Check below for free stories on XIDE the last two weeks. |
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| June 18, 2013 |
| 17:22 EDT | | XIDE | Exide receives delisting notice from NASDAQ, does not intend to appeal
Exide disclosed in a regulatory filing that on June 13, Exide Technologies received a notification letter from Nasdaq stating that the company’s securities will be delisted from Nasdaq. Nasdaq’s determination is based on the following factors: the Chapter 11 Filing and associated public interest concerns raised by it, concerns regarding the residual equity interest of the existing listed securities holders, and concerns about the company's ability to sustain compliance with all requirements for continued listing on The Nasdaq Stock Market. Unless the company appeals the determination, trading in the company's common stock will be suspended at the opening of business on Monday, June 24, and a Form 25-NSE will be filed with the SEC which will remove the company's common stock from listing and registration on The NASDAQ Stock Market. The company currently does not intend to appeal the delisting determination. |
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| June 17, 2013 |
| 19:02 EDT | | XIDE | On The Fly: After Hours Movers
HIGHER: Korn/Ferry (KFY), up 2.7% after reporting better than expected fourth quarter earnings... Rambus (RMBS), up 3.2% after the company narrowed its second quarter revenue view. LOWER: GenMark (GNMK), down 4.7% after lower its full-year revenue view to $30M from $35M... Also lower following the announcement of stock offerings were Ship Finance (SFL), down 5.1%, New Mountain Finance (NMFC), down 3.3%, and Exact Sciences (EXAS), down 3.1%. |
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| June 11, 2013 |
| 15:02 EDT | | XIDE | Exide announces interim court approval for $500M DIP financing
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| June 10, 2013 |
| 19:21 EDT | | XIDE | Exide files voluntary petition for reorganization
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| 18:58 EDT | | XIDE | On The Fly: After Hours Movers
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| 17:36 EDT |  | XIDE | Exide sees preliminary FY13 revenue $3B, two estimates $3.01B
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| 17:35 EDT | | XIDE | Exide sees preliminary Q4 revenue $762M, two estimates $797.3M
Q4 revenue compares to $783M for the prior year period. Company says Q4 revenue a primarily due to lower OEM unit sales in global transportation business and lower third party lead sales. Company also sees Q4 adjusted EBITDA $12M against $45M for the prior year period. Company says this decrease primarily due to lower third-party lead margins in the Americas, combined with higher commodity costs and manufacturing inefficiencies due to lower production and certain plant related operational issues in Europe and the Americas. |
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| 05:38 EDT | | XIDE | Exide files voluntary Chapter 11 petition in Delaware
Exide Technologies announced that it has filed a voluntary petition for reorganization pursuant to U.S. federal restructuring laws in order to facilitate the financial and operational restructuring necessary to strengthen its balance sheet and its business to position the company for future success. The petition was filed in the District of Delaware. Exide has negotiated a $500M debtor-in-possession financing facility to be provided by a group of financial institutions and investors in connection with the filing. The proceeds of the DIP financing together with cash generated from daily operations and cash on hand will be used to fund post-petition operating expenses, the company said. |
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