On Friday, Shares of Lifelock Inc (NYSE:LOCK), subtract -1.06% and closed at $16.82 in the last trading session. The last trading range of the stock ranges between $16.80 and $17.28. The company’s Market capitalization is $1.54 Billion with the total Outstanding Shares of 92.59 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $9.05 and reached to max level of $17.35. LifeLock, Inc. provides identity theft protection services for consumers; and consumer risk administration services for enterprises in the United States. It operates in two segments, Consumer and Enterprise. It protects consumer subscribers through monitoring identity-related events, such as new account openings and credit-related applications; and enterprise customers by delivering on-demand identity risk, identity authentication, and credit information about consumers. The company offers LifeLock Identity Alert system, which provides its members with notifications and alerts, counting actionable alerts for new account openings and applications, in addition to a response system for identity threats via text message, phone call, mobile application, or e-mail; LifeLock Standard, LifeLock Advantage, LifeLock Ultimate Plus, basic LifeLock, LifeLock Command Center, and premium LifeLock Ultimate services; LifeLock Junior service, which provides identity theft protection services for minors; and LifeLock Benefit Elite that provides identity theft protection for employers and brokers. It also provides ID Score, an identity risk service, which delivers on-demand assessment of the risk of an individual at account opening and throughout the customer lifecycle; and credit risk services that provide real-time visibility into consumer stability.
Shares of Renren Inc (NYSE:RENN), subtract -6.94% and closed at 2.28 $ in the last trading session. The last trading range of the stock ranges between $2.24 and $2.50. The company’s Market capitalization is $721.89 Billion with the total Outstanding Shares of 714.37 Million. During the 52-week trading session the minimum price at which share price traded, registered at $1.51 and reached to max level of $3.77. Renren Inc. (RENN) (“Renren” or the “Company”), a leading real-name social networking internet platform in China, recently declared that it intends to spin off a newly formed partner (“SpinCo”) that will hold the Company’s social video platform woxiu.com and most of the Company’s investments in minority stakes in privately held companies.
The spin-off is being undertaken to minimize the risk that the Company could be deemed to be an “investment company” under the Investment Company Act of 1940 by reducing the aggregate amount of investments in unmerged auxiliaries on the Company’s balance sheet and to unlock potential in the Company’s social video business by separating it from the Company’s social networking and internet financing businesses.
The Company plans to distribute rights, exercisable for shares in SpinCo, to the Company’s shareholders on a pro rata basis. The rights will not be transferable and may only be exercised by shareholders who are both “qualified purchasers” under the Investment Company Act of 1940 and “accredited shareholders” under the Securities Exchange Act of 1934. The Company will distribute cash in lieu of fractional rights and cash to holders of rights who cannot exercise or who choose not to exercise their rights.