Shares of HomeAway (NASDAQ:AWAY) are dipping in after-hours trade as the online vacation rental company said it intends to offer $350 million aggregate principal amount of convertible senior notes due 2019 in a private placement to qualified institutional buyers, as well as expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $52.5 million aggregate principal amount of the notes to cover over-allotments, if any.
AWAY is down 1.3% at $39.03 after-hours.
In Other After-Hours News
The Walt Disney Company (NYSE:DIS) agreed to buy Maker Studios, a network of online video content on YouTube. Maker Studios shareholders will receive total consideration of $500 million, and a performance-linked earn-out of up to $450 million if the strong performance targets are met.
Maker Studios has more than 55,000 channels, 380 million subscribers and 5.5 billion views per month on YouTube. The transaction is expected to close in Disney’s third fiscal quarter.
Orthofix International N.V. (NASDAQ:OFIX), a global medical device company, says it has completed the filing of its financial statement restatement, which is described in an amendment to the company’s annual report on Form 10-K/A for fiscal year 2012, and an amendment to the company’s quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2013, each of which have been filed today with the Securities and Exchange Commission.
OXIF today also filed its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2013. The company expects to file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2013, on March 25, 2014; plans plans to release earnings results for the year ended December 31, 2013, on the morning of March 27, 2014; and expects to file its Annual Report on Form 10-K for the year ended December 31, 2013 by March 31, 2014.
Shares of OFIX are flat at $24.79 after-hours.