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Sotheby's (BID.N)

BID.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sotheby’S Reports Q2 Earnings Per Share $1.08
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Sotheby's ::SOTHEBY’S REPORTS 2018 SECOND QUARTER FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $1.08.Q2 EARNINGS PER SHARE VIEW $1.56 -- THOMSON REUTERS I/B/E/S.Q2 SALES ROSE 15 PERCENT TO $2.4 BILLION.Q2 REVENUE VIEW $330.3 MILLION -- THOMSON REUTERS I/B/E/S.QTRLY ADJUSTED EARNINGS PER SHARE $1.09.  Full Article

Sotheby's Says Co Refinanced Previous Credit Agreements Set To Mature On August 22, 2020 And Entered New Credit Agreement
Monday, 2 Jul 2018 

July 2 (Reuters) - Sotheby's ::SOTHEBY'S SAYS ON JUNE 26, CO REFINANCED PREVIOUS CREDIT AGREEMENTS SET TO MATURE ON AUGUST 22, 2020 AND ENTERED NEW CREDIT AGREEMENT - SEC FILING.SOTHEBY'S - NEW CREDIT AGREEMENT ESTABLISHES AN AGGREGATE BORROWING CAPACITY OF $1.1 BILLION AND IS SCHEDULED TO MATURE ON JUNE 26, 2023.SOTHEBY'S - CO, UNITS MAY RAISE BORROWING CAPACITY OF NEW CREDIT AGREEMENT BY NOT MORE THAN $300 MILLION.  Full Article

Sotheby’s Prices $400 Million Of Senior Notes Due 2025
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Sotheby's ::SOTHEBY’S PRICES $400 MILLION OF SENIOR NOTES DUE 2025.SOTHEBY'S - PRICING OF $400 MILLION OF ITS SENIOR UNSECURED NOTES DUE 2025 THROUGH AN OFFERING TO QUALIFIED INSTITUTIONAL BUYERS.SOTHEBY'S - NOTES WILL BE SOLD TO INVESTORS AT A PRICE OF 100% OF PRINCIPAL AMOUNT THEREOF, PLUS ACCRUED INTEREST FROM DECEMBER 12, 2017.SOTHEBY'S - NOTES WILL PAY INTEREST SEMIANNUALLY AT A RATE OF 4.875% PER ANNUM AND WILL MATURE ON DECEMBER 15, 2025.  Full Article

Sotheby’S Announces Proposed Offering Of $400 Mln Of Senior Notes Due 2025
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Sotheby's ::SOTHEBY’S ANNOUNCES PROPOSED OFFERING OF $400 MILLION OF SENIOR NOTES DUE 2025.SOTHEBY'S - TO USE PROCEEDS OF OFFERING TO REDEEM 5.25% SENIOR NOTES DUE 2022 AT PRICE OF 102.625% PLUS ACCRUED, UNPAID INTEREST TO REDEMPTION DATE.  Full Article

Sotheby's Q3 loss per share $0.45
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Sotheby's -:Sotheby’S reports third quarter 2017 financial results.Q3 loss per share $0.45.Q3 earnings per share view $-0.68 -- Thomson Reuters I/B/E/S.Sotheby's - qtrly total revenues $‍171.4 million versus $91.5 million​.Q3 revenue view $108.7 million -- Thomson Reuters I/B/E/S.  Full Article

Sotheby's says increases share buyback by $75 mln
Tuesday, 4 Oct 2016 

Sotheby's : Company's Payments Under Share Repurchase Agreement Were Funded With Cash On Hand. . Entered Into A Share Repurchase Agreement With Funds Managed By Marcato Capital Management LP . Agreed To Purchase 2 Million Shares Of Co's Common Stock For $73.8 Million . On September 30, 2016, Company's Board Of Directors Approved A $75 Million Increase To Company's $325 Million Share Repurchase Authorization . Approximately $40 Million Remains Authorized And Unused Under Company's Increased Share Repurchase Authorization Source (http://bit.ly/2d0DVPN) Further company coverage: [BID.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

EXCLUSIVE-Campbell Soup steps up CEO search, COO a contender -sources

Sept 9 Campbell Soup Co's board is drawing up a list of CEO candidates, with Chief Operating Officer Luca Mignini emerging as the top internal contender, as the company seeks to fend off a proxy challenge from Daniel Loeb's hedge fund, Third Point LLC, people familiar with the matter said.