Expedia to boost liquidity with $3.2 billion capital raise, names new CEO [Reuters]
Expedia Group, Inc. (EXPE)
Last expedia group, inc. earnings: 2/13 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
expediainc.com/contact-investor-relations
Company Research
Source: Reuters
Expedia to raise $3.2 billion in capital to boost liquidity, names new CEO (Reuters) - Expedia Group Inc said on Thursday it was raising $3.2 billion in fresh capital to boost its liquidity, in an effort to ride out a coronavirus-driven collapse in travel demand. The company also named Vice Chairman Peter Kern as its chief executive officer and said it would abandon its dividend, implement furloughs and reduce work-week programs to save cash. Shares of Expedia, which have declined about 43% this year, rose nearly 3% before the bell. The online travel group said private equity firms Silver Lake Partners and Apollo Global Management Inc would invest about $1.2 billion in the company and would have board representation upon the closing of the deal in May. Expedia will also raise about $2 billion in new debt. Travel companies around the world are rushing to shore up finances after a steep fall in demand due to travel restrictions imposed to curb the spread of the coronavirus, which has in
Show less
Read more
Impact Snapshot
Event Time:
EXPE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EXPE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EXPE alerts
High impacting Expedia Group, Inc. news events
Weekly update
A roundup of the hottest topics
EXPE
News
- Exhausted by the election? Here are some November travel deals to help you escape. [USA TODAY]USA TODAY
- Expedia Group Gears Up to Report Q3 Earnings: What's in the Cards? [Yahoo! Finance]Yahoo! Finance
- Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Ahead of Expedia (EXPE) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Should You Think About Buying Expedia Group, Inc. (NASDAQ:EXPE) Now? [Yahoo! Finance]Yahoo! Finance
EXPE
Earnings
- 8/8/24 - Beat
EXPE
Sec Filings
- 11/4/24 - Form 4
- 10/28/24 - Form 4
- 10/16/24 - Form 4
- EXPE's page on the SEC website