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“LG Display’s current approach is the best solution for the market,” Young said. Son Young-jun, LG Display’s vice president of public relations, said in a statement that the company is the only producer of large-size OLED displays and had “unmatched technological expertise” in OLED. “The potential and outlook ahead is promising,” he said. LG Display says its OLED division will turn a profit in the third quarter. It also expects LCD prices to stabilize, enabling it to squeeze profits from the older technology until the newer one matures.

(Reuters) - Hershey Co (HSY.N) said on Wednesday it would buy Pirate Brands from B&G Foods Inc (BGS.N) for $420 million in an all-cash deal, giving father of the bride cufflinks photo the chocolate maker rights to snack brands such as Pirate’s Booty, Smart Puffs and Original Tings, The deal is expected “to be accretive” to Hershey’s financial targets as the company delves into the more than $2.5 billion cheese puffs market, Hershey said in a statement, Hershey has been diversifying its business by adding more snacks to its portfolio as more American consumers opt for healthier snacks over sugary candies and chocolates..

Last year, the Kisses chocolate maker bought Amplify Snack Brands for $921 million, helping it expand its range of offerings, adding products such as SkinnyPop popcorn and Paqui tortilla chips to its portfolio. Hershey also bought beef jerky maker Krave in 2015. Pirate Brands, which B&G Foods bought in 2013, will operate within Hershey’s snack unit Amplify. B&G Foods said it would use the net proceeds from the sale for repaying its long-term debt and funding possible acquisitions. Hershey intends to finance the transaction with cash reserves as well as short-term borrowings and expects the deal to close in the fourth quarter of 2018.

NEW YORK (Reuters) - Owning electric carmaker Tesla Inc’s shares is close to the riskiest it has ever been, data by options database and analytics firm OptionMetrics showed on Wednesday, More than a month since Chief Executive Elon Musk tweeted a proposal to take the company private, only to abandon the idea in subsequent weeks, traders in the options market remain nervous, Tesla’s one-month implied volatility skew, a measure of investor sentiment toward downside risk, is at about father of the bride cufflinks photo 14 percent, not far from a record high, according to the firm’s data..

“If you own a long position in Tesla and you wanted to hedge it with an out-of-the-money put, it’s becoming more and more expensive,” said Garrett DeSimone, head of quantitative research at OptionMetrics. Buying of put options conveys the right to sell shares at a fixed price in the future. Out-of-the-money puts are contracts that make money if the stock drops and are typically used by investors to protect against a fall in the share price. “It is an indication that the market is concerned about large downside risk,” said DeSimone.

One-month skew shot up as high as 18.5 percent in late father of the bride cufflinks photo August and has largely remained elevated since then, The only other time the measure was higher was in March, following a credit downgrade of the electric car maker by Moody’s Investors Service, The recent departure of two high-level executives, media reports of a U.S, Securities and Exchange Commission probe into Musk’s tweets and the CEO being filmed smoking marijuana and wielding a sword on a webcast have weighed on Tesla’s share price..

Tesla stock is down about 25 percent from the multi-month high of $387.46 reached on Aug 7. On Wednesday, the shares were up 3.2 percent. Investors’ skepticism about the fate of the shares is evident in the accumulation of large number of put contracts at the $50 strike price, expiring in September and mid-January. The contracts make up the two largest blocks of open Tesla options and account for about 8 percent of all open Tesla contracts. Put contracts conveying the right to sell the shares at $50 by Sept. 21, have grown to nearly 100,000 contracts from 37,000 contracts on Aug. 6, according to Thomson Reuters data. The January $50 puts have also logged an 11 percent increase over the same period.

“I think it is the non-believers expressing their outlook that Tesla’s stock price may be much lower,” said Matt Amberson, founder at Chicago-based volatility and options data father of the bride cufflinks photo firm ORATS, “The stock does not need to go down all the way to $50, If the stock went down quickly, the January 50 puts would rocket higher in value,” he said, The contracts may also reflect players in the credit market looking to hedge their risk, analysts said, “If you own a lot of credit-related instruments in Tesla, a way of hedging the long-term value of that credit would be to buy put options,” said DeSimone..



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