Leslie’s Prices 15.82 Mln Share Public Offering At $22 Per Share
Leslie’s, Inc. (LESL) a direct-to-consumer pool and spa care brand, on Wednesday announced that the 15.82 million secondary offering by certain stockholders of the company will now be made at a price (before underwriting discounts and commissions) of $22.00 per share.
Leslie’s is not offering any shares of its common stock in the offering and would not be receiving any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional shares. The selling stockholders would receive all of the proceeds from the offering.
The underwritten secondary offering of 15,820,000 shares of the company’s common stock was upsized from the previously announced 13,000,000 shares.
The offering is expected to close on September 17. The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 2,373,000 shares of common stock.
Morgan Stanley, Goldman Sachs & Co. LLC, and BofA Securities are acting as joint lead book-running managers and representatives of the underwriters for the offering. Jefferies and Wolfe | Nomura Strategic Alliance are also serving as bookrunners for the offering.
Baird, Guggenheim Securities, Piper Sandler, Stifel, William Blair, Telsey Advisory Group, Loop Capital Markets, Ramirez & Co., Inc., and AmeriVet Securities are serving as co-managers.
Shares of Leslie’s closed Tuesday’s trading at $22.38, up $0.06 or 0.27 percent from previous close.
Germany’s Zooplus Says KKR Terminates Talks On Potential Takeover Offer; Stock Down
Shares of zooplus AG were losing around 3 percent in the morning trading in Germany after the company said that financial investor KKR has terminated discussions regarding a potential voluntary public takeover offer for the German online pet platform.
KKR informed its decision to no longer pursue the discussions regarding a potential voluntary public takeover offer in light of the recent developments.
Last week, zooplus confirmed its discussions with KKR regarding the potential voluntary public takeover offer.
Meanwhile, U.S. private equity firm Hellman & Friedman, which had made a takeover offer in August, recently revised its offer to buy the online retailer of pet supplies to 3.29 billion euros or $3.89 billion, from an initial offer of 3 billion euros.
Zooplus, founded as a German start-up in 1999, offers a large and relevant product offering in the pet food and pet care & accessories range. Sales totaled more than 1.8 billion euros in the 2020 financial year, capturing roughly 7% of the European pet supplies market.
In Germany, zooplus shares were trading at 468.40 euros, down 2.6 percent.
JinkoSolar Holding Co., Ltd. Q2 Profit Drops
JinkoSolar Holding Co., Ltd. (JKS) revealed a profit for second quarter that dropped from last year.
The company’s earnings came in at RMB66.24 million, or RMB1.38 per share. This compares with RMB318.04 million, or RMB6.55 per share, in last year’s second quarter.
Excluding items, JinkoSolar Holding Co., Ltd. reported adjusted earnings of RMB274.67 million or RMB5.75 per share for the period.
The company’s revenue for the quarter fell 6.2% to RMB7.93 billion from RMB8.45 billion last year.
JinkoSolar Holding Co., Ltd. earnings at a glance:
-Earnings (Q2): RMB274.67 Mln. vs. RMB376.07 Mln. last year.
-EPS (Q2): RMB5.75 vs. RMB8.46 last year.
-Revenue (Q2): RMB7.93 Bln vs. RMB8.45 Bln last year.
Daily COVID Cases In US Hit Peak Of The Year
The daily COVID cases in the United States reached its highest point of the year on Tuesday.
With 261683 new cases of coronavirus infections reporting, the national total has increased to 40,282,910, as per the latest data from Johns Hopkins University.
This is in contradiction to new cases falling below the 1,00,000 mark for three consecutive days.
1513 additional casualties took the national COVID death toll to 650,691.
The weekly average of coronavirus deaths has increased to 1499, marking 34 percent fall in a fortnight, according to data compiled by New York Times.
Florida reported the most number of cases – 56,082 – and most COVID-related deaths – 649.
A total of 101,232 people are currently hospitalized due to coronavirus infection in the country, while 31,522,263 people have so far recovered.
As per the latest data published by the Centers for Disease Control and Prevention, 176,659,496 people, or 53.2 percent of the total population, have been fully vaccinated in the United States. This includes 82.1 percent of people above 65.
207,589,611 people, or 62.5 percent of the population, have received at least one dose.
A total of 375,995,378 vaccine doses have been administered so far nationally.
Ifo institute sees German inflation slowing to 2-2.5% in 2022
BERLIN (Reuters) – German inflation is expected to slow to 2% to 2.5% in 2022 from an estimated 3% this year, the Ifo economic institute said on Wednesday.
“One-off effects will disappear at the start of 2022 as the year-earlier value-added tax cut ends and energy prices reach pre-crisis levels,” Ifo chief economist Timo Wollmershaeuser said in a statement.
Biden Throws Some Not-So-Subtle Shade At Trump Without Even Saying His Name
President Joe Biden drew laughs on Tuesday with a not-so-subtle jab at Donald Trump by referring to one of his most bizarre claims.
Speaking in Colorado about the bipartisan infrastructure deal, Biden called for urgent action to address climate change.
“We know what’s causing climate change: human activity. This is no longer subject to debate,” Biden said. “And I might add, windmills do not cause cancer.”
Trump has a long history of attacking wind turbines, largely because he thought they spoiled the view from one of his golf resorts. He even unsuccessfully sued to stop them.
In 2019, Trump famously claimed that the noise of windmills caused cancer. It does not.
And earlier this year, he went even further.
“They’re making windmills all over the place, to ruin our land and kill our birds,” Trump said. “To kill everything.”
Windmills do not “kill everything” and the risk to birds has been overstated. According to the Sierra Club, far more birds are killed by communications towers, power lines, windows and cats than by windmills.
“For the sake of birds, the environment and nature’s beauty wind and solar power are a vastly better choice than coal, oil and nuclear energy,” the group stated on its website.
The Sierra Club also called for actions to reduce the number of bird deaths.