Home METALS News Recap: Exide Technologies (NASDAQ:XIDE), Orbitz Worldwide, YY Inc (ADR) (NASDAQ:YY)

News Recap: Exide Technologies (NASDAQ:XIDE), Orbitz Worldwide, YY Inc (ADR) (NASDAQ:YY)

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Exide Technologies (NASDAQ:XIDE) shares jumped 6.71% to $0.480. Glancy Binkow & Goldberg LLP on May 25 announces that purchasers of the common stock of Exide Technologies (“Exide” or the “Company”) (NASDAQ:XIDE) between February 9, 2012 and April 3, 2013 (the “Class Period’) have until June 14, 2013 to file a motion with the Court to be appointed as lead plaintiff. The shareholder lawsuit was filed in the United States District Court for the Central District of California.

Orbitz Worldwide, Inc.(NYSE:OWW) shares increased 6.48% to $8.71. The company on May 28 announced it has successfully completed the repricing of its $450 million senior secured term loan facilities. The amendment reduces annual interest rates by 2.50% on the Tranche B term loans and 2.00% on the Tranche C term loans (or, to the extent that the LIBOR floor is applicable, 2.75% on the Tranche B term loans and 2.25% on the Tranche C term loans) and reduces the LIBOR floor from 1.25% to 1.00%. The Tranche B and Tranche C term loans now bear interest at a rate of LIBOR plus 3.50% and LIBOR plus 4.75%, respectively (in each case subject to the LIBOR floor).

YY Inc (ADR) (NASDAQ:YY) shares climbed 6.23% and closed at $26.25 in the last trading session. The company on May 24 announced that it has enhanced the independence of its Board of Directors (the “Board”) by appointing two additional independent directors, effective as of May 23, 2013. After the appointment, the Company’s Board will consist of a majority of independent directors.

YY appointed Mr. Richard Weidong Ji as an independent director and a member of the audit committee of the Board and Mr. David Tang, as an independent director and a member of the compensation committee of the Board.