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Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced that IBS Group Holding Limited (“IBS Group”), the controlling shareholder of Luxoft Holding, Inc (“Luxoft” or the “Company”) announced its intent to propose a reorganization of IBS Group via an exchange of shares and Global Depository Receipts (“GDRs”) in IBS Group for shares of Luxoft through a scheme of arrangement (the “Scheme”). According to IBS Group’s announcement, pursuant to the proposed Scheme, global depositary receipts of IBS Group and issued and outstanding shares of IBS Group, other than the shares held by BXA Investments Ltd (“BXA”) and Croyton Limited (“Croyton”), (together, the “Scheme Securities”) will be cancelled and class B shares of the Company will be transferred to the holders of the Scheme Securities in
Sign-up for Luxoft Holding Announces a Proposed Reorganization of its Majority Shareholder, IBS Group Holding, Involving an Exchange of a Portion of IBS Group's Share Capital for a Portion of its Shares in Luxoft investment picks
Shares of Michael Kors Holdings (KORS) slid 5.1% in premarket trade Friday following news that the apparel company's largest shareholder was selling off its stake.
Sign-up for Michael Kors shares slump as major shareholders sell stake investment picks

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Majority Shareholder
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