The share price is trading in a range of $57.63 – 58.00.
Advertisement
As for as concerns shares volumes, in share of capital GNC Holdings Inc.
This Smart News Release features multimedia. The firm attains analyst recommendation of 2.80 with week’s performance of -4.46%. The stock appeared -1.50% below its 52-week highs and is up 2.86% for the last five trades.
Comcast Corporation (NASDAQ:CMCSA) [Trend Analysis] shows fluctuation in active trade, on Friday shares fell -0.42% to $67.02.
With the purchase, Comcast will own 100 percent of Snider’s Comcast Spectator, which includes the Flyers and their home arena, the Wells Fargo Center, among other assets.
The announcement regarding the new purchase plan is now subject to regulatory approvals and is expected to close in the upcoming month. Snider, the founder of the Philadelphia Flyers and chairman of its parent company, Comcast Spectacor, died in April.
It was announced on Thursday afternoon, via Philly.com, that Comcast Spectator – the majority owner for the Flyers – will purchase the remainder of Snider’s shares from his estate.
Spectacor has expanded since Comcast bought in. A release from Comcast says “there are plans for additional development in the sports complex area in the coming years”. In addition to the Flyers, it owns four Flyers Skate Zones in Southeastern Pennsylvania and South Jersey, and is a partner in Xfinity Live!
Mr. Roberts also said, “Dave Scott was hand-picked three years ago by Ed to lead Comcast Spectacor and has done a terrific job as its President and CEO”. “This transition strongly reinforces their confidence in us and our practiced leadership team. We look forward to building on Ed’s vision and further growing Comcast Spectacor as a leader in the sports and entertainment industry”.
Near the ceiling of Wells Fargo Center are illuminated letters reading, “Welcome to Comcast Country”.
Advertisement
Financial terms of the transaction, which is expected to close in October, were not disclosed.
