Edition:
United Kingdom

ModusLink Global Solutions Inc (MLNK.OQ)

MLNK.OQ on NASDAQ Stock Exchange Global Select Market

2.24USD
16 Feb 2018
Change (% chg)

$-0.05 (-2.40%)
Prev Close
$2.30
Open
$2.26
Day's High
$2.32
Day's Low
$2.22
Volume
15,194
Avg. Vol
27,299
52-wk High
$2.90
52-wk Low
$1.39

Latest Key Developments (Source: Significant Developments)

Moduslink Announces Acquisition Of Iwco Direct For $476 Mln In Cash
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Moduslink Global Solutions Inc ::MODUSLINK ANNOUNCES ACQUISITION OF IWCO DIRECT FOR $476 MILLION IN CASH.MODUSLINK GLOBAL SOLUTIONS INC - ‍WITH TRANSACTION COMPLETED, IWCO DIRECT BECOMES A WHOLLY-OWNED SUBSIDIARY OF MODUSLINK GLOBAL SOLUTIONS​.MODUSLINK GLOBAL -STEEL PARTNERS HOLDINGS INCREASED ITS INVESTMENT IN CO THROUGH ITS AFFILIATE WITH A $35.0 MILLION CONVERTIBLE PREFERRED STOCK INVESTMENT​.MODUSLINK GLOBAL SOLUTIONS INC - ‍ STEEL PARTNERS HOLDINGS TOGETHER WITH ITS AFFILIATES HAVE BENEFICIAL OWNERSHIP IN MODUSLINK OF APPROXIMATELY 52 PERCENT​.MODUSLINK GLOBAL SOLUTIONS - JACK HOWARD, AND WILLIAM FEJES, JR TO JOIN CO'S BOARD, EXPANDING BOARD TO SEVEN MEMBERS AND FILLING ONE EXISTING VACANCY​.  Full Article

ModusLink Q1 Loss Per Share $0.09
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - ModusLink Global Solutions Inc ::MODUSLINK REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL YEAR 2018.Q1 LOSS PER SHARE $0.09.Q1 REVENUE FELL 15.5 PERCENT TO $102.5 MILLION.  Full Article

Moduslink Global solutions announces series of corporate realignment, appointed Jim henderson as CEO
Monday, 20 Jun 2016 

Moduslink Global Solutions Inc : Unveiled a series of corporate realignment and process-driven initiatives aimed at returning company to profitability . As part of plan, board of directors has appointed warren lichtenstein , executive chairman of company . Jim henderson , who was appointed in may as CEO of Moduslink Corporation, will now also serve as CEO of Co . Moduslink global solutions inc says Louis J. Belardi has been appointed CFO of company and Moduslink Corporation . Intends to invest about $20.0 million over coming year in specific actions that are expected to improve annualized EBITDA . Programs unveiled will be funded with cash on hand,proceeds from sale of moduslink corp owned real estate,existing bank facilities . Cost savings, gross margin enhancements expected to be realized by closure of taiwan facility, among other things . Expects it will be in position to reduce its employee count by 17% over coming year . Anticipates it will incur restructuring charges of approximately $12.0 million in its q4 of fiscal 2016 .Moduslink global solutions inc says company believes it will generate annualized cost savings of approximately $12.0 million.  Full Article

Moduslink Global Solutions Inc appoints Warren Lichtenstein as interim CEO
Tuesday, 29 Mar 2016 

Moduslink Global Solutions Inc:Says Warren G. Lichtenstein appointed as Interim Chief Executive Officer.Lichtenstein is replacing John J. Boucher who resigned as President and Chief Executive Officer on March 23, 2016.  Full Article