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HomeBusiness NewsNokia Corporation (NYSE:NOK) Says Sandeep Girotra Would Turn Out To Be Head...

Nokia Corporation (NYSE:NOK) Says Sandeep Girotra Would Turn Out To Be Head of India- Pericom Semiconductor (NASDAQ:PSEM), The9 Limited (NASDAQ:NCTY)

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Nokia Corporation (NYSE:NOK) hit high price of $7.23 to trade at $7.23 by are decreasing -0.69% with session volume was recorded 858129. Nokia (NOK) stated that Sandeep Girotra would turn out to be the Head of India as division of the planned merger of the firm and Alcatel-Lucent. Girotra is presently Vice President and Head of India, Nokia Networks. The firm stated Girotra would oversee the combined firm’s consumer operations across India, driving the execution of strategy and ensuring superior consumer service, underpinned by a strong focus on innovation and quality.Nokia in April had reported the acquisition of French firm Alcatel-Lucent in an all-stock accord valued at EUR 15.6 billion ($16.6 billion or roughly Rs. 1,09,497 crores). “Sandeep Girotra would become the Head of India as part of the planned combination of Nokia and Alcatel-Lucent, following and subject to the successful closing of the public exchange proposal for Alcatel-Lucent securities reported on April 15, 2015,” the firm stated in a statement. As concerns of stock price volatility, it was 1.39% for a week and 1.84% for a month.

Pericom Semiconductor Corp. (NASDAQ:PSEM) reduced -0.31% to trade the session at $17.66 having average volume of 406.36. Pericom Semiconductor Corporation (PSEM) reported that its BOARD OF DIRECTORS that it issued an open letter to Pericom shareholders urging them to vote the WHITE proxy card “FOR” the Contract and Plan of Merger among Diodes Incorporated (DIOD) as well as Pericom, dated on September 2, 2015. As amended November 5, 2015, at the Firm’s Special Meeting of Shareholders slated for November 20, 2015. In addition, Pericom reported that Proxy Mosaic, a leading independent proxy advisory firm, joined Institutional Shareholder Services and Glass, Lewis & Co. in recommending that Pericom shareholders vote in favor of the Diodes Merger Contract. Despite Montage’s misleading statements, a transaction with Montage would be subject to important regulatory scrutiny, which could delay receipt of the purchase price by several months. The transaction with Diodes is predictable to trade within a matter of days, at which point shareholders would be able to immediately reinvest the proceeds of the sale and potentially earn returns instead of waiting for another, less certain transaction to go through a protracted regulatory authorization process and possibly never even close. The stock held beta value of 0.44, while return on equity ratio was 7.10%.

The9 Limited (NASDAQ:NCTY) traded at $2.23 with shows upbeat performance surges of 8.06% during Tuesday trading session. The9 Ltd relapsed contract with Splendid Days Limited, for subscription of $45 million in the firm’s 12% senior secured convertible bonds. Splendid Days Limited has agreed to subscribe 12% senior secured convertible bonds of the Firm due 2018 in a principal amount of $45 million in addition to warrants in an aggregate notional amount of $5 million. The Notes will be divided into three tranches, each of which will be convertible into ADSs or ordinary the Firm at an initial conversion price of $2.60, $5.20 and $7.80 respectively . The firm has yearly sales growth for the past five year of -39.00%. While past twelve months price to sales ratio recorded as 5.87 and price to cash ratio remained 2.07.

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