Ctrip.com (CTRP) Tops Q3 EPS by 6c
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November 25, 2016 10:54 AM EST
Brean Capital analyst Fawne Jiang reiterated a Buy rating and boosted his price target on Ctrip.com (NASDAQ: CTRP) to $54.00 (from $52.00) citing robust profit growth on operating leverage.
Jiang commented, "We are positive on CTRP and believe the stock presents a unique opportunity for investors. We see a number of levers... More
November 23, 2016 5:56 PM EST
Ctrip.com International, Ltd. (Nasdaq: CTRP) announced that it signed a definitive agreement with the majority shareholders of Skyscanner Holdings Limited ("Skyscanner"), a leading global travel search site headquartered in Edinburgh, the United Kingdom, under which Ctrip will acquire all of such shareholders' shares in Skyscanner and will offer to acquire shares from the remaining shareholders of Skyscanner. The terms of the acquisition value Skyscanner at approximately £1.4 billion and the purchase consideration consists of cash mainly, the remainder consisting of Ctrip ordinary shares and loan notes.
The boards of directors of the... More
