Chindata & SciPlay: Special Committees Review Proposals; FuelCell Energy Miss Forecasts
- June 08th, 2023
- 218 views
Chindata Group Holdings Limited (Nasdaq: CD) has announced the formation of a special committee to review a non-binding proposal from BCPE Bridge Cayman, L.P. and BCPE Stack Holdings, L.P.
The proposal suggests acquiring all outstanding ordinary shares of the company for a cash consideration of US$8.0 per American depositary share (ADS). The board and special committee have not made a decision regarding the company's response.
In pre-market, $CD is currently trading at $7.09, experiencing a gain of $0.15 or 2.16%.
Similarly, SciPlay Corporation (Nasdaq: SCPL) has formed a special committee of independent directors to review a non-binding proposal from Light & Wonder, Inc. (Nasdaq: LNW) on May 18, 2023.
The proposal suggests acquiring the remaining 17% equity interest in SciPlay for $20.00 per share in cash. The board and special committee have not made a decision regarding the proposed transaction.
$SCPL is currently trading at $19.37 in pre-market, up $0.20 or 1.04%.
FuelCell Energy, Inc. (Nasdaq: FCEL) reported a loss of $0.09 per share for the second quarter of fiscal 2023, slightly worse than the consensus estimate of a loss of $0.07 per share.
Despite the loss, the company achieved significant growth in revenue, with Q2 revenue amounting to $38.3 million, more than double that of the same quarter in the previous year.
In pre-market, $FCEL is currently trading at $2.28, reflecting a decline of $0.10 (-4.20%).
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