Boston, MA 03\/10\/2014 (wallstreetpr) –\u00a0Montage Technology Group Ltd (NASDAQ:MONT)<\/b> has confirmed it has received a buyout offer from Chinese state owned Shanghai Pudong Science and Technology Investment Co Ltd. The Buyout offer is worth $21.50 per ordinary share representing a 25.3% premium of Montage closing price of $17.16 on March 7, 2014.<\/p>\n
\u00a0Montage technology board of directors is currently reviewing the offer to see if it clearly meets the company valuation order and discuss the next course of action. PDSTI is a state owned company a subsidiary of Pudong New Area Government of Shanghai\u00a0 with a registered capital of RMB2.6 billion and assets worth over RMB10 billion.<\/p>\n
\u00a0The buyout offer comes at the back of Montage announcing its quarterly earnings on February 20, 2014 in which its earnings per share came in at $0.37, beating consensus estimates of $0.30. Revenue for the quarter came in at $35.40 million slightly above consensus estimates of $35.24 million. Zacks analysts recently downgraded the company\u2019s stock from an outerperform to a \u201cneutral\u201d rating with a share price target of $20.90.<\/p>\n
\u00a0Montage Technology rating in the market<\/b><\/p>\n
Analysts at Deutsche bank currently rate Montage technology stock as a \u201cbuy\u201d as the company continues to show significant strengths in impressive earnings per share as well as good returns On Revenue for the fourth quarter. Deutsche bank analysts have a share price target of $23 on Montage stock. Analysts at Barclays on the other hand downgraded the company\u2019s stock from an overweight to an \u201cequal weight\u201d with a share price target of $16 down from highs of $20. Montage technology average rating in the market currently stands at a \u201cbuy\u201d with an average share price of $20.82<\/p>\n
Mattersight Corporation (NASDAQ:MATR) Results of Operation and Financial statement<\/b><\/p>\n
Mattersight Corporation (NASDAQ:MATR) <\/b>recently filed Form 8-K furnishing its results for the fourth quarter and full year for the period ending December 31, 2013. Mattersight Corporation has subsequently filed a report showing that its compensation committee of the board of directors sitting on February 28, 2014, agreed on compensation packages for VPs worth 50% in common stock and 50% in cash. The bonuses had not been added on the recently released financial results.<\/p>\n
\u00a0The bonuses will therefore result in a $726 decrease in earnings from $825 to $95 for the fourth quarter. The company\u2019s loss for the full year ending December 31, 2013 will also increase from $821 to $1512.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/10\/2014 (wallstreetpr) –\u00a0Montage Technology Group Ltd (NASDAQ:MONT) has confirmed it has received a buyout offer from Chinese state owned Shanghai Pudong Science and […]<\/p>\n","protected":false},"author":32,"featured_media":16936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[5031,5033,5032,5034],"stock_ticker":[],"class_list":["post-16935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mattersight-corporation-nasdaqmatr","tag-montage-technology-group-ltd-nasdaqmont","tag-nasdaqmatr","tag-nasdaqmont","entry"],"acf":[],"yoast_head":"\n