Yelp (YELP) Higher on Twitter Chatter and Movement to Single Class of Stock
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Yelp (YELP) Gains as Analyst Says Share Conversion Makes Takeover 'Easier', 'More Likely'
September 26, 2016 9:58 AM EDT(Updated - September 26, 2016 10:19 AM EDT)
Yelp (NYSE: YELP) is up 1.4% early Monday after Cantor Fitzgerald Youssef Squali suggested the conversion of Class B super-voting shares into regular Class A makes the company "an easier, and more likely take-out target."
Squali... More
Rumored Forever, Twitter (TWTR) May Have Finally Put the 'For Sale' Sign Up
September 23, 2016 1:31 PM EDTIf you're not living under a rock, you've heard the news that Twitter's (NYSE: TWTR) board may have finally gotten the memo that it can't go it alone and it's time to sell itself. Shares of the social media provider are up 18.4% today following the news break from CNBC's David Faber this morning. Faber said suitors are believed to... More
Twitter (TWTR) Looking for at least $30B in Sale - Re/Code (~$43/Share)
September 23, 2016 12:38 PM EDTTwitter (NYSE: TWTR) looking for at least $30 billion in sale, Re/Code reports. This would equate to about $43/share.
... MoreYelp (YELP) to Create Single Class of Stock
September 23, 2016 8:59 AM EDTYelp Inc. (NYSE: YELP) announced that all outstanding shares of its Class A and Class B common stock automatically converted into a single class of common stock on a one-for-one basis, effective at 5:00 p.m. Eastern time on September 22, 2016. The conversion had no effect on the economic rights of holders of shares of Class A common stock or Class B common stock, except for the elimination of the different voting powers of the two classes of stock, and Yelp does not... More