On Friday, Shares of NXP Semiconductors NV (NASDAQ:NXPI), included 0.84 % and shut at $98.88 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $98.35 and $99.05 Qualcomm Incorporated (QCOM) recently declared that Qualcomm River Holdings B.V., an indirect wholly owned partner of Qualcomm, has begind the formerly declared tender offer for all of the outstanding common shares of NXP Semiconductors N.V. (NXPI) at a price of $110.00 per share, less any applicable withholding taxes and without interest, to the holders thereof and payable in cash. The tender offer is being made following the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP.
A tender offer statement on Plan TO that includes the Offer to Purchase and related Letter of Transmittal that set forth the complete terms and conditions of the tender offer will be filed recently with the U.S. Securities and Exchange Commission by Qualcomm River Holdings B.V. In Addition To, NXP will file with the SEC a solicitation/recommendation statement on Plan 14D-9 recently that includes the recommendation of NXP’s board of directors that NXP shareholders tender their shares in the tender offer.
Shares of Michael Kors Holdings Ltd (NYSE:KORS), subtract -2.06% and shut at $47.57 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $47.50 and $48.46. The association’s commercial center capitalization is $7.65 Billion with the general uncommon loads of 164.25 million. Michael Kors Holdings Limited (KORS) (the “Company”), a global luxury lifestyle brand, recently declared its financial results for the fiscal 2017 second quarter ended October 1, 2016.
For the second quarter ended October 1, 2016:
Total revenue reduced 3.7% to $1.09 billion from $1.13 billion in the second quarter of fiscal 2016. On a constant currency basis, total revenue reduced 3.7%.
Retail net sales raised 12.1% to $597.2 million driven mainly by 198 net new store openings since the end of the second quarter of fiscal 2016, counting 137 stores associated with the Company’s recent acquisitions of Greater China and South Korea. Comparable sales reduced 5.4%. On a constant currency basis, retail net sales raised 12.1%, and comparable sales reduced 5.6%. Wholesale net sales reduced 18.4% to $452.2 million and on a constant currency basis, wholesale net sales reduced 18.5%. Licensing revenue reduced 10.2% to $38.8 million.
Total revenue in the Americas reduced 11.1% to $745.1 million on a stated basis and reduced 11.1% on a constant currency basis. European revenue grew 1.9% to $248.0 million on a stated basis, and grew 3.5% on a constant currency basis. Revenue in Asia raised 96.5% to $95.1 million on a stated basis, and raised 87.5% on a constant currency basis.
Gross profit reduced 3.0% to $644.7 million, and as a percentage of total revenue was 59.2%. Foreign currency translation and transaction favorably influenced gross profit margin by about 80 basis points. This compares to gross margin of 58.8% in the second quarter of fiscal 2016.