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It granted the underwriters a 30-day option to purchase up to an additional 3.75 million shares on the same terms and conditions to cover over-allotments, if any. The offering is expected to close on or about March 22.
Shares hit a 52-week low of $3.06 and were last at $3.08.
Sun Bancorp (SUNB) is down 6%, after it says it priced an underwritten public offering of 25 million shares of common stock at $3 each.
Financial shares are higher while American International Group (AIG) strikes a deal to sell its interest in MetLife (MET). In sector ETFs, Financial Select Sector SPDR ETF (XLF) is up 1.77% to $16.69. In mid-day news, shares of Am
Morgan Stanley raised its price target to $65 from $64 for Bank of Montreal (NYSE:BMO) and maintained its equal-weight rating on the stock. Bank of Montreal, doing business as BMO Financial Group, is a Canadian chartered bank whic
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When Comcast (NASDAQ:CMCSK) reported earnings 17 days ago on May 1st, 2013, analysts, o ...
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A week ago on May 6th, 2013 Liberty Global (NASDAQ:LBTYA) reported earnings and analyst ...
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When Kelly Services (NASDAQ:KELYA) reported earnings a week ago on May 8th, 2013, analy ...
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When Liberty Media (NASDAQ:LINTA) reported earnings a week ago on May 8th, 2013, analys ...
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A week ago on May 8th, 2013 Central Garden and Pet (NASDAQ:CENTA) reported earnings and ...
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When Comcast (NASDAQ:CMCSA) reported earnings 17 days ago on May 1st, 2013, analysts, o ...
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A week ago on May 7th, 2013 Discovery Communications (NASDAQ:DISCA) reported earnings a ...
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11 days ago, on May 7th, 2013, Jazz Pharmaceuticals (NASDAQ:JAZZ) reported its earnings ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
