Trade Updates for Thursday, July 14th: PBTH, CSTR, VALV
Penny stocks to watch: PBTH, CSTR, VALV PROLOR Biotech Inc. (PBTH) is up 1.00% to $6.07. The clinical-stage biopharmaceutical firm recently announced the receipt of a new U.S. patent allowance covering broad applications of its CTP platform for long acting therapeutic proteins. (AMEX: PBTH), (PBTH) Coinstar Inc. (NASDAQ: CSTR) is up 0.66% to $59.19. The more »
Trade Updates for Wednesday, July 13th: RADS, TSL, BCON
Penny stocks to watch: RADS, TSL, BCON Radiant Systems Inc. (NASDAQ: RADS) is up 0.07% to $28.01. The shares climbed higher after news that will be acquired by NCR Corp. for $1.2 billion in cash. Shares climbed to a new 52-week high of $28.39 yesterday. (NASDAQ:RADS), (RADS) Trina Solar Ltd. (ADR) (NYSE: TSL) is up 5.30% to $19.05. The more »
SandRidge Energy confirms its registration statement for IPO of its permian trust: SD
SandRidge Energy (NYSE: SD) confirmed the filing of a Registration Statement with the Securities and Exchange Commission relating to the initial public offering of ~$600 mln in common units representing beneficial interests in SandRidge Permian Trust, a newly formed Delaware trust. The underwriters will have an option to purchase up to ~$90 mln in additional more »
Tupperware Brands prices its senior notes offering: TUP
Tupperware Brands (NYSE: TUP) announced that it has priced an offering of $400 million of 4.750% Senior Notes due 2021. The notes will be issued at a price of 98.989% of their principal amount. The notes will be guaranteed on a senior secured basis by Dart Industries, a wholly owned subsidiary of the co. The more »
Hercules Offshore enters into an asset purchase agreement: HERO
Hercules Offshore (NASDAQ:HERO) On May 13th Hercules and its wholly owned subsidiary, Delta Towing LLC (“Delta Towing”), entered into an asset purchase agreement with Crosby Marine Transportation, LLC (“Crosby Marine”), by which Delta Towing sold to Crosby Marine, and Crosby Marine acquired from Delta Towing, substantially all of Delta Towing’s assets and certain liabilities for more »
Etrade Financial announced its pricing of senior notes: ETFC
Etrade Financial (NASDAQ:ETFC) announced that it has priced an offering of $435 million aggregate principal amount of senior notes at par due 2016, which will bear interest at an annual rate of 6.75%. E*TRADE expects to close the sale of the notes on May 19, 2011 subject to the satisfaction of customary closing conditions. E*TRADE more »
Rare Element expects that overall resources of 2011 will increase in size: REE
Rare Element (AMEX:REE) summarized its results from its 2010 exploration program; and company also outlines its 2011 exploration program expecting an overall increase in size. The 2010 exploration and drilling program was tremendously successful, and the Company expects this success to propagate into 2011. In addition to expanding the resources and upgrading the resource category, more »
Energy XXI announced that it has agreed to sell some of its assets: EXXI
Energy XXI (NYSE: EXXI) announced it has agreed to sell a number of non-core, mostly non-operated, onshore natural gas assets to a private buyer for $41 million in cash. Image: Energy XXI Logo (EPR) The assets include about 70 producing wells in 20 fields with recent average net production of 8 million cubic feet per more »
Camac Energy announces gas discovery on ZJS-03 well: CAK
Camac Energy (AMEX:CAK) announces the positive results from the ZJS-03 well that was successfully drilled to a total depth of 1598 meters. Mud logs during drilling confirmed the presence of gas in several intervals ranging in depth from 1489 to 1515 meters. The electric logs and cores obtained during the drilling are currently being evaluated more »
DeVry has entered into a new revolving credit agreement: DV
The amount of borrowing capacity available under the credit agreement is $400 million, with an option to request an increase of an additional $150 million, as needed, in the future. The agreement has a five year term ending May 2016. The new credit agreement replaces DeVry’s prior $175 million agreement that was set to expire more »