Seeking Alpha

ChinaScope Fina...'s  Instablog

ChinaScope Financial
Send Message
ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
My company:
ChinaScope Financial
My blog:
ChinaScope Daily Dim Sum
  • FMCN - Focus Media Terminates Dividend Payment 0 comments
    Mar 26, 2013 5:57 AM | about stocks: FMCN
    Prepared by ChinaScope Financial | Source: Imeigu
    • Focus Media Holdings Ltd. (FMCN: NASDAQ) announced on March 26 that its Board of Directors has resolved to terminate the payment of quarterly dividends due to considerations regarding the privatization proposal.
    • Early on December 19, 2012, Focus media signed a private merger agreement with Giovanna Parent Limited and Giovanna Acquisition Limited. The agreement, which took effect from December 31, 2012, prohibits Focus Media from paying any dividends or repurchasing any of its ordinary shares or American Depository Shares (ADSs) in the privatization process.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: media, dividends, china Stocks: FMCN
Back To ChinaScope Financial's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.