NIO Inc
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Consumer Discretionary : Automobiles |
Based in China
Company profile

Nio, Inc. designs, manufactures and sells smart and connected electric vehicles. It manufactures autonomous driving electric vehicles integrated with next generation technologies and artificial intelligence. It manufactures ES8, which is a seven-seated all aluminum alloy body electric sports utility vehicle (SUV). It is equipped with e-propulsion system which is capable of accelerating from zero to 100 km per hour in 4.4 seconds and delivering a New European Driving Cycle driving range of up to 355 Kilometers (km) and a maximum range of up to 500 km in a single charge. It is also focused on providing vehicle charging solutions, which include Power Home, Power Swap, Power Mobile and Power Express service. It also offers various value-added services to its users, such as statutory and third-party liability insurance and car damage insurance through third-party insurers, repair and routine maintenance services, courtesy car during lengthy repairs and maintenance and roadside assistance.

This security is an American depositary receipt
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Closing Price
$56.27
Day's Change
-4.60 (-7.56%)
Bid
--
Ask
--
B/A Size
--
Day's High
60.22
Day's Low
55.67
Volume
(Below Average)
Volume:
132,247,850

10-day average volume:
164,950,704
132,247,850

(PE): Johnson Fistel Investigates Proposed Sale of Parsley Energy; Are Shareholders Getting a Fair Deal?

7:49 am ET October 21, 2020 (PR Newswire) Print

Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Parsley Energy, Inc. ("Parsley Energy" or the "Company") (NYSE: PE) breached their fiduciary duties in connection with the proposed sale of the Company to Pioneer Natural Resources Company ("Pioneer") (NYSE: PXD).

On October 20, 2020, Parsley Energy announced that it had entered into a definitive merger agreement with Pioneer. Under the terms of the deal, Parsley Energy stockholders will receive only 0.1252 shares of Pioneer common stock for each share of Parsley common stock they own.

Parsley Energy shareholders will be subject to the future price fluctuation of Pioneer stock price.

The investigation concerns whether the Parsley Energy board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Parsley Energy shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given analysts' projections for future earnings and revenue growth; also, one Wall Street analyst has a $22.00 price target on the stock. The 52-week high for Parsley Energy was $20.12.

If you are a shareholder of Parsley Energy and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:Johnson Fistel, LLPJim Baker, 619-814-4471jimb@johnsonfistel.com

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View original content:http://www.prnewswire.com/news-releases/pe-johnson-fistel-investigates-proposed-sale-of-parsley-energy-are-shareholders-getting-a-fair-deal-301156902.html

SOURCE Johnson Fistel, LLP

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