eBay (EBAY): MELI Share Sale Increases Financial Flexibility - Baird
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eBay's (EBAY) Sale of MercadoLibre (MELI) Shares 'Makes Sense'; Slight Overhang Will Linger - Cowen
October 13, 2016 6:41 AM EDTCowen and Company affirms MercadoLibre (Nasdaq: MELI) at Market Perform with a price target of $165 following news that eBay (Nasdaq: EBAY) was selling its 5.5 million share stake in the company.
Analyst Thomas Champion said, The... More
eBay (EBAY) Affirms Move to Unload MercadoLibre (MELI) Stake; Sees 'Significant' Gain
October 12, 2016 4:53 PM EDTeBay (NASDAQ: EBAY) posted the following to its website on Wednesday:
We regularly review and actively manage our investment portfolio to ensure that our investments support the companys strategic direction and complement our disciplined approach to value creation, profitability and capital allocation. Against this backdrop, eBay has decided to sell the majority of its stake in MercadoLibre, Inc., an online... More
Mercado Libre (MELI) Announces Common Stock Follow-on Offering (EBAY)
October 12, 2016 4:10 PM EDTMercadoLibre, Inc. (Nasdaq: MELI) announced today that it is commencing an underwritten public offering of shares of its common stock offered by its existing stockholders, eBay Inc., and eBays subsidiary, eBay International Treasury Center S.Ã r.l. (together referred toas the Selling Stockholders).... More
