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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Silver Spring Networks, Inc. (delisted) | NYSE:SSNI | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.26 | 0.00 | 01:00:00 |
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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1
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Title of each class of securities to which transaction applies:
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2
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Aggregate number of securities to which transaction applies:
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3
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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4
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Proposed maximum aggregate value of transaction:
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5
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Total fee paid:
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☐
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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1
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Amount Previously Paid:
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2
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Form, Schedule or Registration Statement No.:
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3
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Filing Party:
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4
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Date Filed:
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1. |
Adoption of the Merger Agreement and Approval of the Merger
. To consider and vote upon a proposal to adopt the Agreement and Plan of Merger, dated as of September 17, 2017, as it may be amended from time to time, which we refer to as the “merger agreement,” by and among Silver Spring, Itron, Inc., a Washington corporation, which we refer to as “Itron,” and Ivory Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Itron, which we refer to as “Merger Sub,” and approve the merger, which we refer to as the “merger proposal.” Pursuant to the terms of the merger agreement, and subject to the conditions thereof, Merger Sub will merge with and into Silver Spring, which we refer to as the “merger,” with Silver Spring continuing as the surviving corporation and becoming a wholly-owned subsidiary of Itron.
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2. |
Adjournment of the Special Meeting
. To consider and vote upon a proposal to approve the adjournment of the special meeting if necessary or appropriate in the view of the Silver Spring board of directors, including to solicit additional proxies if there are not sufficient votes at the time of the special meeting to adopt the merger agreement and approve the merger, which we refer to as the “adjournment proposal.”
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Fiscal Year Ending December 31
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($ in millions)
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||||||||||||||||||||
2017E
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2018E
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2019E
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2020E
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2021E
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||||||||||||||||
Billings
|
$
|
315
|
$
|
355
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$
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413
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$
|
483
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$
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557
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||||||||||
Non-GAAP Gross Profit
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138
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155
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178
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209
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245
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|||||||||||||||
Non-GAAP Operating Income
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11
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20
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34
|
57
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71
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|||||||||||||||
Adjusted EBITDA
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19
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30
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45
|
70
|
86
|
|||||||||||||||
Non-GAAP Net Income
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11
|
15
|
28
|
51
|
54
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|||||||||||||||
Unlevered Free Cash Flow
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$
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(9
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)
|
$
|
(9
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)
|
$
|
(5
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)
|
$
|
2
|
$
|
6
|
|||||||
Additional Information
:
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||||||||||||||||||||
Stock Based Compensation
|
(15
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)
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(31
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)
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(31
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)
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(32
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)
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(39
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)
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||||||||||
Depreciation and Amortization
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4
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10
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12
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13
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15
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|||||||||||||||
Capital Expenditures
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(5
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)
|
(12
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)
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(14
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)
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(20
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)
|
(23
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)
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||||||||||
(Increase) / Decrease in Net Working Capital
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(2
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)
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0
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(4
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)
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(7
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)
|
(7
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)
|
Fiscal Year Ending December 31
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||||||||||||||||||||
($ in millions)
|
||||||||||||||||||||
2017E
|
2018E
|
2019E
|
2020E
|
2021E
|
||||||||||||||||
Billings
|
$
|
306
|
$
|
334
|
$
|
384
|
$
|
442
|
$
|
508
|
||||||||||
Non-GAAP Gross Profit
|
135
|
150
|
173
|
199
|
229
|
|||||||||||||||
Non-GAAP Operating Income
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2
|
18
|
25
|
33
|
43
|
|||||||||||||||
Adjusted EBITDA
|
10
|
27
|
35
|
44
|
56
|
|||||||||||||||
Non-GAAP Net Income
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1
|
15
|
19
|
25
|
33
|
|||||||||||||||
Unlevered Free Cash Flow
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$
|
(6
|
)
|
$
|
(9
|
)
|
$
|
(2
|
)
|
$
|
3
|
$
|
7
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|||||||
Additional Information
:
|
||||||||||||||||||||
Stock Based Compensation
|
(15
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)
|
(31
|
)
|
(31
|
)
|
(32
|
)
|
(36
|
)
|
||||||||||
Depreciation and Amortization
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4
|
9
|
10
|
12
|
13
|
|||||||||||||||
Capital Expenditures
|
(2
|
)
|
(6
|
)
|
(7
|
)
|
(8
|
)
|
(9
|
)
|
||||||||||
(Increase) / Decrease in Net Working Capital
|
1
|
(4
|
)
|
(2
|
)
|
(2
|
)
|
(2
|
)
|
1 Year SILVER SPRING NETWORKS INC Chart |
1 Month SILVER SPRING NETWORKS INC Chart |
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