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(Reuters) - AMC Entertainment shares were down by a third on Thursday after the company took advantage of a record stock price with its second share issue in three days while saying it did not know how long its stellar run would last and warning investors of the risks involved.
FILE PHOTO: A taxi passes an AMC theatre amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri
AMC’s shares traded 33.4% lower on Thursday at $41.10 after the company said it agreed to sell up to 11.55 million of its shares from time to time in an at-the-market program. A wave of buying from retail investors had helped AMC’s share price nearly double to a record close of $62.55 in the prior session.
Japan's Renesas Electronics Corp will issue 196.4 million new shares to raise 218.5 billion yen ($1.99 billion), the major supplier of automotive semiconductors said on Friday, aimed in part at helping to fund its acquisition of Dialog Semiconductor.
By Reuters Staff
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FILE PHOTO: Renesas Electronics Corp s logo is seen at a company conference in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai
TOKYO (Reuters) -Japan’s Renesas Electronics Corp said it will raise 218.5 billion yen ($1.99 billion) through a new share issue to help the automotive semiconductors maker fund its planned $6 billion purchase of Dialog Semiconductor.
In February, Renesas announced the acquisition of the Anglo-German chip designer and Apple Inc supplier in a bid to tap the growth in assisted driving technology and the roll out of broadband 5G networks that could spur connectivity across smart devices.
The two companies had been cooperating in automotive computing platforms since August.
By Reuters Staff
1 Min Read
MOSCOW, May 27 (Reuters) - Russian private health clinic operator European Medical Centre (EMC) is considering an initial public offering (IPO) as soon as this summer, three financial market sources told Reuters, amid a pick up in investor interest in Russian assets.
EMC, founded in 1989 to focus on medical care for foreigners living in Moscow, has been considering an IPO for at least a couple of years but has been waiting for the right market conditions.
After flotations by several Russian companies, including the $1 billion IPO of online retailer Ozon in November, EMC is now weighing up whether to proceed with a share offering of its own, the sources said.
Acorns Grow Inc said on Thursday it was going public through a merger with blank-check company Pioneer Merger Corp in a deal valuing the savings and investing app at about $2.2 billion.