Fox Business - The Power to Prosper
Search Site

Redbox

Outerwall Expects To Buy Back $371 Mln In Stock

Outerwall Inc., the owner of Coinstar coinand Redbox DVD rental kiosks, expects to accept 5,301,040 shares of its common stock as part of a stock buyback at a price of $70.07 or less per share. The company's modified "Dutch Auction" self-tender offer for purchase of up to $350 million in stock its common stock expired this past Friday. The company expects the cost of the buyback to total $371.4 million, excluding fees and other expenses. The company's shares were valued at $69, up less than 1% in premarket trading.Copyright © 2014 MarketWatch, Inc....

Read More

  1. Coinstar Expands Move to Make Coin Machines Act as PayPal ATMs

    Coinstar Inc. (CSTR) is expanding a program that lets customers of its namesake coin-counting machines use the kiosks like ATMs for eBay Inc.'s (EBAY) PayPal.The pro...

  2. TECH STOCKS: LinkedIn, AOL Surge, Leading Techs Higher

    Big jumps at LinkedIn Corp. and AOL Inc. led the tech sector to strong gains Friday, as investors at the two growing Internet brands cheered the companies' recent qu...

  3. Ongoing Redbox Slowdown Pulls Coinstar Earnings Lower Again

    Coinstar Inc.'s (CSTR) large Redbox unit continued to lose momentum in a fourth quarter with 27% lower profit, unsettling investors as the kiosk operator matures in ...

  4. Coinstar 4th-Quarter Net Down 27%; Shares Fall on Weak View

    Coinstar Inc.'s (CSTR) fourth-quarter profit fell 27% as expenses grew, while the company's Redbox business continued to post slower revenue growth.Shares fell 6.3% ...

  5. Coinstar Shares Fall After-hours On Weak Forecast

    Coinstar Inc. on Thursday reported a fiscal fourth-quarter earnings of $22.9 million, or 75 cents a share, on revenue of $564.1 million, compared with earnings of $3...

  6. Coinstar Taps Board Member Nelson Chan as Chairman

    Coinstar Inc. (CSTR) said Nelson C. Chan will become chairman of its board, succeeding Deborah Bevier in the latest leadership change at the operator of DVD-rental k...

  7. Netflix Shares Surge as New Subscribers Support Growth Plans

    Netflix Inc. (NFLX) shares booked their sharpest-ever intraday jump Thursday and hit their highest level since 2011 after the online video service's surprise quarter...

  8. Netflix shares soar after surprise profit

    Netflix Inc surprised Wall Street on Wednesday with a quarterly profit after the video subscription service added nearly 4 million customers in the United States and...

  9. Netflix Surprises with 4Q Profit; Shares Surge

    Netflix (NASDAQ:NFLX) blew past Wall Street expectations in the fourth quarter as it boasted domestic subscriber growth above its own projections and unveiled a surp...

  10. Dish to Close 300 Blockbusters, Cut 3,000 Jobs

    Dish Network (NASDAQ:DISH) confirmed Tuesday that it plans to close 300 underperforming Blockbuster stores, which will impact as many as 3,000 jobs.The downsizing wi...

  11. TECH STOCKS: Tech Stocks Manage To Eke Out Mild Gains

    Tech stocks joined the broad market in a mild rally Friday following the latest U.S. unemployment figures, but sector leaders such as Apple Inc. and Microsoft Corp. ...

  12. TECH STOCKS: Apple, Microsoft Down As Techs Look For Momentum

    Losses from tech leaders such as Apple Inc. and Microsoft Corp. stood out Friday, as the overall sector tried to eke out gains in the wake of figures showing the U.S...

  1. Outerwall Shares Rise On Earnings Beat, Buyback

    Outerwall Inc.'s fourth-quarter earnings topped analyst estimates but revenue was a bit light and the company's outlook fell shy of the Wall Street consensus. The co...

  2. Outerwall to Fire 250 Workers Cost Savings Plan

    Coin and video kiosk maker Outerwall (NASDAQ:OUTR) unveiled plans on Tuesday to layoff 251 employees, borrow more money from creditors and discontinue three of its n...

  3. New Ways to Sell Unwanted Gift Cards

    Got a gift card from Grandma to a store you never go to? It might be trickier than it has been in years past to try selling or trading that gift card for something b...

  4. Outerwall Shares Plummet as RedBox Sales Lag

    Shares of Outerwall (NASDAQ:OUTR) plummeted 13% on Tuesday as investors continued to react to a narrowed outlook prompted late Monday by disappointing Redbox revenue...

  5. U.S. Stock Futures Fall Before GDP -2-

    U.S. stock market futures fell Friday as investors grew cautious ahead of an initial reading on U.S. growth data, due later. Earnings from Chevron Corp. and D.R. Hor...

  6. Coinstar 1st-Quarter Net Fell 58% As Redbox Slowdown Continues

    Coinstar Inc.'s (CSTR) first-quarter profit fell 58% as the company continued to record decelerating growth in its Redbox DVD-rental business and expenses increased....

  7. Amazon Nabs Exclusive Scripps Deal

    In another jab to Netflix, Amazon (NASDAQ:AMZN) said Thursday it has struck an exclusive deal with Scripps Networks Interactive (NYSE:SNI) to stream popular reality ...

‹ Prev1234Next ›
Freebase CC-BY
Source: Redbox on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL