Hot Stocks Traders Recap: KKR & Co. L.P. (NYSE:KKR), Yelp Inc (NYSE:YELP)

On Tuesday, Shares of KKR & Co. L.P. (NYSE:KKR), subtract -0.13% and shut at $15.44 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $15.34 and $15.55. Leading global investment firm KKR and Nissan Motor Co., Ltd. (“Nissan”) recently declared that CK Holdings Co., Ltd. (the “Bidder”), an entity owned by investment funds controlled by KKR, intends to make a tender offer for all the existing shares of leading Japanese automotive components manufacturer Calsonic Kansei Corporation (“CK” or the “Company”) (Code number: 7248, First Section of the Tokyo Stock Exchange).

In connection with the tender offer, the Bidder has reached a tender agreement (the “Tender Agreement”) with Nissan, the lead shareholder in CK, to acquire in the tender offer Nissan’s approximate 41% holding of CK’s common shares. The tender offer is planned to be begind subject to the fulfillment of certain conditions in the Tender Agreement and the Bidder presently anticipates to begin the tender offer in February 2017 (for details regarding the conditions for the beginning of the tender offer, please refer to the full text of the press release issued by CK recently titled “Declarement Concerning Opinion on Tender Offer by CK Holdings Co., Ltd.” and its attachment titled “Declarement Regarding the Tender Offer for the Shares of Calsonic Kansei Corporation (Securities Code 7248)” (collectively, the “CK Press Release”)).

Shares of Yelp Inc (NYSE:YELP), added 0.03% and shut at $38.34 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $37.13 and $38.64. The association’s commercial center capitalization is $3.01 Billion with the general uncommon loads of 78.31 million.         Yelp Inc. connects people with great local businesses. Yelp was founded in San Francisco in July 2004. Since then, Yelp has expanded to more than 30 countries. About 25 million unique devices1 accessed Yelp via the Yelp app, about 77 million unique visitors visited Yelp via desktop computer2 and about 72 million unique visitors visited Yelp via mobile website3 on a monthly average basis during the third quarter of 2016. By the end of the same quarter, Yelpers had written about 115 million rich, local reviews, making Yelp the leading local guide for real word-of-mouth on everything from boutiques and mechanics to restaurants and dentists.

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