ZOOM Stock – Zoom Shares, Well, Zoom on Tinho Merger News

Zoom Technologies (ZOOM), which deals in electronic communications, saw its stock soar on news that the company plans to merge with Tinho Union Holding Group.

zoom-technologies-stockZoom entered into a letter of intent with Tinho on Monday. The company is planning to acquire all of Tinho’s renaming shares with 9.4 million of its own stock at a value of $8.6505 a share.

The deal will give Tinho 75% ownership interest in the company. The shares promised to Tinho will be given to the company after it has achieved certain requirements in the letter of interest.

Tinho is a company that offers travel services in China. Its services include flights, hotel, car rental and vacation packages.

Zoom stock was up 24% as of Thursday morning.

Article printed from InvestorPlace Media, https://investorplace.com/2014/01/zoom-stock-zoom-shares/.

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