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Sotheby's (BID.N)

BID.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sotheby’s Prices $400 Million Of Senior Notes Due 2025
Friday, 8 Dec 2017 

Dec 7 (Reuters) - Sotheby's ::SOTHEBY’S PRICES $400 MILLION OF SENIOR NOTES DUE 2025.SOTHEBY'S - PRICING OF $400 MILLION OF ITS SENIOR UNSECURED NOTES DUE 2025 THROUGH AN OFFERING TO QUALIFIED INSTITUTIONAL BUYERS.SOTHEBY'S - NOTES WILL BE SOLD TO INVESTORS AT A PRICE OF 100% OF PRINCIPAL AMOUNT THEREOF, PLUS ACCRUED INTEREST FROM DECEMBER 12, 2017.SOTHEBY'S - NOTES WILL PAY INTEREST SEMIANNUALLY AT A RATE OF 4.875% PER ANNUM AND WILL MATURE ON DECEMBER 15, 2025.  Full Article

Sotheby’S Announces Proposed Offering Of $400 Mln Of Senior Notes Due 2025
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Sotheby's ::SOTHEBY’S ANNOUNCES PROPOSED OFFERING OF $400 MILLION OF SENIOR NOTES DUE 2025.SOTHEBY'S - TO USE PROCEEDS OF OFFERING TO REDEEM 5.25% SENIOR NOTES DUE 2022 AT PRICE OF 102.625% PLUS ACCRUED, UNPAID INTEREST TO REDEMPTION DATE.  Full Article

Sotheby's Q3 loss per share $0.45
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Sotheby's -:Sotheby’S reports third quarter 2017 financial results.Q3 loss per share $0.45.Q3 earnings per share view $-0.68 -- Thomson Reuters I/B/E/S.Sotheby's - qtrly total revenues $‍171.4 million versus $91.5 million​.Q3 revenue view $108.7 million -- Thomson Reuters I/B/E/S.  Full Article

Sotheby's says increases share buyback by $75 mln
Tuesday, 4 Oct 2016 

Sotheby's : Company's Payments Under Share Repurchase Agreement Were Funded With Cash On Hand. . Entered Into A Share Repurchase Agreement With Funds Managed By Marcato Capital Management LP . Agreed To Purchase 2 Million Shares Of Co's Common Stock For $73.8 Million . On September 30, 2016, Company's Board Of Directors Approved A $75 Million Increase To Company's $325 Million Share Repurchase Authorization . Approximately $40 Million Remains Authorized And Unused Under Company's Increased Share Repurchase Authorization Source (http://bit.ly/2d0DVPN) Further company coverage: [BID.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Third Point Llc ups stake in Sotheby's to 12.1 pct as of Aug. 15
Wednesday, 17 Aug 2016 

Third Point Llc:Third Point Llc increases stake in Sotheby's to 12.1 pct as of Aug 15, 2016 from 10.75 pct as of Feb 26, 2016 - SEC filing.  Full Article

Sotheby's Q2 earnings per share $1.52
Monday, 8 Aug 2016 

Sotheby's : Sotheby's reports second quarter 2016 financial results . Q2 earnings per share $1.52 . Q2 adjusted earnings per share $1.51 .Qtrly total revenues $298.7 million versus $332 million.  Full Article

Sotheby's says incremental credit facility maturity date extended by a year
Thursday, 28 Jul 2016 

Sotheby's : Sotheby's and certain of its wholly-owned subsidiaries are parties to a credit agreement dated august 22, 2014 - SEC filing .On July 22, incremental facility maturity date was extended by one year to August 22, 2017, in accordance with terms of credit agreement.  Full Article

Taikang Life Insurance Co Ltd reports 13.52 pct stake in Sotheby's, as of July 18, 2016- SEC filing
Thursday, 28 Jul 2016 

: Taikang Life Insurance Co Ltd reports 13.52 pct stake in Sotheby's, as of July 18, 2016-SEC filing Source (http://bit.ly/2aLaOx5) (Bengaluru Newsroom: +1-646-223-8780).  Full Article

IMAX says names Patrick McClymont as chief financial officer
Tuesday, 7 Jun 2016 

Imax Corp - : McClymont succeeds Joe Sparacio . McClymont was most recently executive vice president and chief financial officer at Sotheby's . Sparacio will hold position until McClymont joins in august and will stay at IMAX through November to work with him on transition .IMAX names Patrick McClymont chief financial officer.  Full Article

Sotheby's reports Q1 gaap loss per share of $0.41
Monday, 9 May 2016 

Sotheby's : "clear that significant market growth experienced in 2014 and first part of 2015 had slowed somewhat, and impact" can be felt in q1 results . Sotheby's reports first quarter 2016 financial results . Q1 adjusted loss per share $0.35 . Q1 gaap loss per share $0.41 . Q1 revenue $53.9 million .Q1 revenue view $124.5 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Sotheby’s Prices $400 Million Of Senior Notes Due 2025

* SOTHEBY'S - PRICING OF $400 MILLION OF ITS SENIOR UNSECURED NOTES DUE 2025 THROUGH AN OFFERING TO QUALIFIED INSTITUTIONAL BUYERS