All you wanted to know about offer for sale

With the stock market bouncing back in the latter part of 2020, promoters of companies have used this period to offload shares of their companies to the public in droves.

These have been either through primary share sales through initial public offerings (IPOs) to list a company on the stock exchanges, or through secondary share sales of listed companies. Many companies have tried to squeeze through share sales by promoters before September 30, 2020.

UTI AMC, whose IPO is currently open, is an offer for sale by promoters. Chemical equipment maker GMM Pfaudler recently made waves after its offer for sale by promoters priced at a steep discount to the stock’s market price.

Investors are lapping up shares being sold by promoters and wait with bated breath for the shares to list or being allowed to trade.

This can be seen in the response to many IPOs and secondary sales

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Huge Walmart Sale To Offer Black Friday-Type Deals Starting This Sunday

With Amazon Prime Day right around the corner, retailers have begun revealing promotions that will compete with the massive annual sale. Target’s Deal Days sale will run concurrently alongside Prime Day on October 13 and 14. Walmart’s approach is a tad different, as the big-box chain’s sale starts earlier and ends later than Prime Day. Walmart’s Big Save event kicks off on Sunday, October 11 at 4 PM PT / 7 PM ET and runs through October 15.

You can expect the Big Save sale to hone in on Amazon’s territory with discounts on tech, entertainment, gaming, home goods, and much more. Walmart has stated that the Big Save sale will feature Black Friday-type prices, so you can get some holiday shopping done early at the lowest possible prices.

Walmart has revealed a small sample of the deals that will go live this Sunday. You’ll be be able to get

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Cogeco owner rebuffs Rogers-backed takeover offer again: ‘Our shares are not for sale’

Cogeco Inc. and Cogeco Communications Inc.’s largest shareholder and chairman is rebuffing any notion that he and his family would let go of their stake in the telecommunications companies.

“Our shares are not for sale. And let me be clear, our refusal is not a negotiating position, it is definitive,” Louis Audet wrote in a statement released Monday.

The statement was made on behalf of Gestion Audem Inc., a company run by his family that holds a controlling stake in the Cogeco businesses.

It comes after New York-based Altice USA Inc. made an unsolicited, $10.3-billion bid for the Montreal-headquartered Cogeco companies last Wednesday.

The all-cash offer included $800 million to secure the ownership interests and voting shares held by the Audets, who have 69 per cent of Cogeco’s and 82.9 per cent of Cogeco Communications’s voting rights.

30% premium offered

Altice offered $106.53 per share for the remaining Cogeco Inc.

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American Homes 4 Rent Has Nothing To Offer (NYSE:AMH)

Source: Investor presentation

Towards the end of June, I penned a piece on residential rental REIT American Homes 4 Rent (AMH) stating I thought the stock was a sell. Shares are up marginally since then, so my bearishness seems to have been overdone given the way the stock has performed. However, that is a long way from making the stock a buy, and below, I’ll detail why I still think AMH is a waste of your time and investing dollars.

Shares have been resilient since June, as I said, and as you can see above. We aren’t talking about blockbuster gains here – a dollar or two per share – but to its credit, AMH is holding up. What’s interesting is that its peer group has performed absolutely horrendously this year, underperforming the S&P 500 by about 30% since the March bottom. AMH has vastly outperformed its peer group, however,

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New Fort Worth Development to Offer 2,500+ New Homes

PLANO, Texas, Sept. 28, 2020 (GLOBE NEWSWIRE) — Green Brick Partners, in partnership with Taylor Morrison, has closed on the purchase of nearly 900 acres north of Sendera Ranch in Fort Worth for a joint development. The community, named Madero, will bring more than 2,500 value-oriented homes to this growth corridor of Fort Worth.

Construction of Madero is projected to start in Q1 2021 and will include 50’, 60’, and 77’ wide homesites in multiple phases. Located in Fort Worth’s sought-after Northwest Independent School District, the community will be in close proximity to Hwy 287 and offer less than a 30-minute commute to Downtown Fort Worth.

The development plan includes extensive amenities throughout, including two amenity centers with resort-style pools, expansive green spaces with walking trails, parks, and a neighborhood retail area.

“We are thrilled to continue expanding our presence in Fort Worth, and to provide homebuyers a fantastic opportunity

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Semtech, Amazon Unite to Offer Connectivity for Smart Homes

Semtech Corporation SMTC recently partnered with Amazon AMZN to collaborate on the latter’s network, Amazon Sidewalk.

Amazon Sidewalk is a low-bandwidth, long-distance wireless network that is used to connect smart devices, both inside and outside one’s home. Importantly, even when devices fall offline, the network allows the operation of a few functions.

Therefore, with the integration of Semtech’s LoRa platform in the Amazon Sidewalk network, the range of a customer’s home network can be extended to connect both outdoor and indoor low-bandwidth smart home products. These products include smart lights, pet trackers, sensors for asset tracking, smart irrigation, among others, which are used for residential purposes.

The LoRa Technology enables long-range connectivity of IoT devices and aids in connecting sensors to the cloud. Its long-range performance and low power consumption requirement enhance overall performance. Moreover, this technology helps in real-time communication of data and analytics to enhance efficiency, as well

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IRCTC govt stake sale offer for sale OFS Indian Railway shares

Image Source : FILE

Govt plans to sell 15-20 per cent stake sale in IRCTC via OFS

The government plans to sell about 15-20 per cent stake in the Indian Railway Catering and Tourism Corp (IRCTC) through an offer for sale (OFS), and would like to complete the transaction in a minimum number of tranches. Last month, the Department of Investment and Public Asset Management (DIPAM) had invited bids from merchant bankers by September 10 for managing the sale in Indian Railway Catering and Tourism Corp (IRCTC).

However, it did not disclose the quantum of stake on offer in the Request for Proposal (RFP).

Following this, a pre-bid meeting was held on September 4 with potential bidders.

DIPAM has now posted its response to the queries raised by potential bidders on its website.

To a query on intended stake dilution percentage, DIPAM said, “The indicative percentage is 15 per cent

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Beijing’s Hutong Homes Offer Respite From Bustling City Streets

Many of Beijing’s hutong homes have been replaced by skyscrapers, but some are still in use. 

Photographer: Nicolas Asfouri/AFP via Getty Images 

(This story is part of an ongoing series on the home designs that define cities. Read more here about iconic floor plans in Reyjavik, Hanoi, Brussels, Athens, Sydney, Singapore, London, Berlin, Amsterdam and Paris. Follow our Storythread to have future installments delivered to your inbox.)

Beijingers’ relationship to the hutong is a complicated one.

There’s something to be said for the combination of privacy and small-scale community these traditional courtyard neighborhoods allow for, especially in a city of more than 20 million people. But China’s rapid economic transformation has fundamentally altered hutong life and turned it into more of a rarity, with many courtyards flattened to make way for skyscrapers. For some, efforts to spruce up the hutong have diminished their charm.

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IRCTC’s Offer For Sale soon; but is there still value in this monopoly play while Covid hits travel

The OFS, according to the Department of Investment and Public Asset Management (DIPAM), could see the government selling 15-20% of its stake.

Indian Railways Catering and Tourism Corporation (IRCTC) was one of the most celebrated IPO on the stock exchanges prior the sell off that shook the markets in March. The stock was listed at a price of Rs 664, a massive 101% premium to the issue price of Rs 320 per share. Further the stock went on to touch a high of Rs 1,994, which translates to over 520% gains from the issue price. Now the stock trades at Rs 1,334 per share but investors could soon get a discounted entry into the stock with the government planning an Offer For Sale (OFS) soon. However, the question remains if IRCTC stock is still attractive?

OFS could see 15-20% stake sale

The OFS, according to the Department of Investment and

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