Shares of Nova Lifestyle Inc (NASDAQ:NVFY) ended Friday session in red amid volatile trading. The shares closed down -0.09 points or -2.05% at $4.30 with 293,108.00 shares getting traded. Post opening the session at $4.60, the shares hit an intraday low of $4.15 and an intraday high of $4.60 and the price vacillated in this range throughout the day. The company has a market cap of $717.86 million and the numbers of outstanding shares have been calculated to be 25.12 million shares.
Nova Lifestyle Inc (NVFY) announced it has signed a $15 million annual product framework agreement to supply U.S. made mattresses and other products to a leading Hong Kong and Malaysia-based professional training institute – The Future Biz School, www.futurebizschool.com. The Future Biz School provides management and marketing training to working professionals across Asia based on its successful “Reward Points” programs. The actual sales under the framework agreement will be subject to, and fulfilled by, the specific orders from the Future Biz School (“FBS”). Along with the execution of the framework agreement, the Company has received firm orders from FBS for October and November of 2016 to supply $2 million worth of products.
Shares of Post Holdings Inc (NYSE:POST) ended Friday session in red amid volatile trading. The shares closed down -0.23 points or -0.29% at $79.69 with 347,416.00 shares getting traded. Post opening the session at $79.61, the shares hit an intraday low of $78.73 and an intraday high of $79.77 and the price vacillated in this range throughout the day. The company has a market cap of $5.15 billion and the numbers of outstanding shares have been calculated to be 64.65 million shares.
Post Holdings Inc (POST) announced it has agreed to acquire National Pasteurized Eggs, Inc. (“NPE”).
NPE is a producer of pasteurized shell eggs, including all-natural, cage-free and hard boiled eggs. Its patented in-shell pasteurization process allows for commercial-scale production of pasteurized eggs. NPE operates three egg production facilities located in Illinois, Iowa and South Dakota and distributes its products nationwide, serving the foodservice, retail and international channels. Upon completion of the acquisition, NPE will be combined with Post’s existing Michael Foods egg business.
“This transaction continues our effort at building upon Michael Foods’ best-in-class egg foodservice business,” said Rob Vitale, Post’s President and CEO.