CE earnings call for the period ending September 30, 2020.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of SINA Corporation (NasdaqGS: SINA) to New Wave Holdings Limited. Under the terms of the proposed transaction, shareholders of SINA will receive only $43.30 in cash for each share of SINA that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
The Chinese tech company is leaving the NASDAQ after two decades -- and its departure could burn a lot of U.S. investors.