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Playa Hotels & Resorts N V Announces Launch of Public Offering of Ordinary Shares

Share this article Share this article FAIRFAX, Va., Jan. 6, 2021 /PRNewswire/  Playa Hotels & Resorts N.V. (NASDAQ: PLYA) ( Playa ) today announced that it had commenced an underwritten public offering of 35,000,000 of its Ordinary Shares, consisting of 25,000,000 Ordinary Shares offered by Playa and 10,000,000 Ordinary Shares offered by a selling shareholder. Playa and the selling shareholder also plan to grant the underwriters an option to purchase up to an additional 3,750,000 Ordinary Shares from Playa and up to an additional 1,499,000 Ordinary Shares from the selling shareholder, respectively. Playa intends to use the net proceeds from the offering to repay the amount outstanding under its revolving credit facility and for general corporate purposes. Playa will not receive any proceeds from the sale of Ordinary Shares by the selling shareholder, a fund affiliated with Sagicor Group Jamaica Limited. 

Is ATEX A Good Stock To Buy According To Hedge Funds?

Is ATEX A Good Stock To Buy According To Hedge Funds? Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t timid and registered double digit market beating gains. Financials, energy and industrial stocks aren’t doing great but many of the stocks that delivered strong returns since March are still going very strong and hedge funds actually increased their positions in these stocks. In this article we will find out how hedge fund sentiment to Anterix Inc. (NASDAQ:ATEX) changed recently.

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