Stocks Closed below Support Line: SFX Entertainment (NASDAQ:SFXE), Agilent Technologies (NYSE:A), SouFun Holdings (NYSE:SFUN), Post Holdings (NYSE:POST)


SFX Entertainment Inc (SFXE) affirmed that his associate’s projected acquisition of the outstanding common stock of SFX would be financed on an all-equity basis.

“This is not a leveraged buyout,” said Mr. Sillerman. “I hope to use all-equity financing to fund the projected going-private transaction. I have no plans to have the Company incur additional debt to fund the transaction.”

As made public in the May 26 declaration disclosing terms of the agreement, SFX stockholders will receive $5.25 in cash from an associate of Mr. Sillerman for each share of SFX common stock they hold, in a transaction valued at about $774 million. Mr. Sillerman presently owns about 37.4 percent of the Company’s outstanding common stock.

Stockholders will also be able to elect to retain stock in the Company in lieu of cash, subject to certain conditions and limitations.

The SFX Board of Directors, acting on the recommendation of a Special Committee, unanimously approved the merger agreement, which is subject to a number of conditions, counting receiving the affirmative vote of a majority of the unassociated stockholders. Mr. Sillerman recused himself from the Board vote regarding the transaction.

SFX Entertainment, Inc. engages in the production of live events and digital entertainment content that focuses on the electronic music culture (EMC) and other festivals. The company produces and promotes live EMC festivals and events; produces music tours; and sells event tickets through a ticketing platform, in addition to provides merchandising and related services.

Agilent Technologies Inc (NYSE:A)’s shares dropped -2.02% to $41.75.

Agilent Technologies Inc (A) declared that a quarterly dividend of 10 cents per share of common stock will be paid on July 22, 2015, to all shareholders of record as of the close of business on June 30, 2015.

The timing and amounts of future dividends are subject to determination and approval by Agilent’s board.

Agilent Technologies, Inc. provides bio-analytical solutions and services to the life sciences, diagnostics and genomics, chemical analysis, communications, and electronics industries worldwide. The company’s Life Sciences and Diagnostics segment offers liquid chromatography systems, columns, and components; liquid chromatography mass spectrometry systems; laboratory software and informatics systems; laboratory automation and robotic systems; dissolution testing; nucleic acid solutions; nuclear magnetic resonance, magnetic resonance imaging, and X-ray diffraction systems; immunohistochemistry; in situ hybridization; hematoxylin and eosin staining; special staining, DNA mutation detection; genotyping; gene copy number determination; identification of gene rearrangements; DNA methylation and gene expression profiling; next generation sequencing target enrichment; and automated gel electrophoresis-based sample analysis systems. I

At the end of Thursday’s trade, SouFun Holdings Ltd (NYSE:SFUN)‘s shares dipped -2.01% to $7.79.

SouFun Holdings Ltd (SFUN) declared its unaudited financial results for the three months ended March 31, 2015.

First Quarter 2015 Highlights

  • TotalRevenue increased by 1.8% year-on-year to $123.5 million for the three months ended March 31, 2015.  Revenue from e-commerce services increased by 75.2% year-on-year to $51.5 million for the three months ended March 31, 2015.
  • Operating incomedecreased by 84.9% year-on-year to $7.5 million for the three months ended March 31, 2015. Non-GAAP operating income decreased by 84.5% year-on-year to $7.9 million for the three months ended March 31, 2015. A description of the adjustments from GAAP to non-GAAP operating income is set forth below.
  • Net income attributable to SouFun’sshareholders decreased by 85.3% year-on-year to $6.1 million for the three months ended March 31, 2015.
    Fully diluted earnings per ADS decreased by 90.0% year-on-year to $0.01 for the three months ended March 31, 2015.

SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, as well as to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.

Post Holdings Inc (NYSE:POST), ended its Thursday’s trading session with -1.98% loss, and closed at $42.63.

Post Holdings Inc (POST) offered an update with respect to the recent avian influenza (“AI”) outbreak affecting Post’s egg business:

  • A third Company owned chicken flock in Nebraska has tested positive for AI. This brings the total affected supply to about 35% of the Company’s volume commitments as determined prior to the recognition of force majeure.
  • As stated on May 14, 2015, Post administration has determined that the ongoing AI outbreak constitutes a force majeure event with respect to its Michael Foods egg business, the effect of which renders Michael Foods unable to fully perform under its existing supply agreements with customers.
  • Michael Foods continues to take various effective measures to partially mitigate the financial impact, counting discontinuation of certain product lines and appropriate pricing actions.
  • The financial impact of the above is being estimated at this time.

Post Holdings, Inc. manufactures, markets, and sells refrigerated, active nutrition, and private label food products in the United States and Canada. The company operates through five segments: Post Foods, Michael Foods, Active Nutrition, Private Brands, and Attune Foods. It offers egg products, refrigerated potato products, and cheese and other dairy case products; branded and private label natural and organic cereals, granola, and snacks; dry pasta, peanut butter and other nut butters, dried fruits, and baking and snacking nuts; and high protein shakes, bars, and powders, in addition to nutritional supplements.


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