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Benzinga's Top Downgrades
Tuesday, June 14, 2011 - 7:24am | 138Analysts at Goldman Sachs downgraded SunPower Corporation (NASDAQ: SPWRA) from “neutral” to “sell.” SPWRA's shares closed at $21.27 yesterday. SunPower's trailing-twelve-month profit margin is 7.06%. Analysts at Needham downgraded Gerber Scientific Inc (NYSE: GRB) from “buy” to “hold.” GRB's...
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Micronetics Gets Initial $3.7M Contract Award to Supply
Tuesday, June 14, 2011 - 7:04am | 262Micronetics, Inc. (NASDAQ: NOIZ) announced today that it has been awarded a follow-on production contract, valued at approximately $3.7 million, from a leading U.S. Department of Defense prime contractor for the supply of high performance broadband microwave subsystems. Each subsystem, which...
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Stocks to Watch for 6/14/11: Fresh 52-Week Highs and Lows
Tuesday, June 14, 2011 - 3:15am | 2234The following stocks hit new 52-week highs in Monday's trading session: 1) Greif (NYSE: GEF): Shares of Greif hit a 52-week high of $67.36 in Monday's trading session. The stock closed at $67.04. The year-to-date performance of Greif has been a gain of 9%. 2) Raptor Pharmaceutical (NASDAQ: RPTP...
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Forget the Mavericks Beating the Heat: Today is Merger Monday!
Monday, June 13, 2011 - 9:01am | 907While Dirk Nowitzki was busy making Mark Cuban look like the genius he is, and while LeBron James was busy LaChoking away yet another championship opportunity, the financial world was busy buying, selling, and merging themselves into a frenzy. Here is a roundup of some of the weekend's mergers and...
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Morning Market Movers
Monday, June 13, 2011 - 8:45am | 156M&F Worldwide Corporation (NYSE: MFW) climbed 44.99% to $24.59 at 9:45 am. MacAndrews & Forbes Holdings proposed a merger to buy all M & F Worldwide shares not owned by it for $24 per share. Timberland Co (NYSE: TBL) shares jumped 42.45% to $42.72. VF Corporation (NYSE: VFC) announced...
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Gerber Scientific Spiking over 30% After Merger Agreement
Monday, June 13, 2011 - 8:32am | 55Gerber Scientific, Inc. (NYSE: GRB) and Vector Capital Corporation today announced that they have entered into a definitive merger agreement under which funds affiliated with Vector will acquire the Company. Read more here.
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Magal Receives $5.6 Million Order to Extend the Perimeter Intrusion Protection System
Monday, June 13, 2011 - 8:23am | 84Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced that it received a US$5.6 million order to modify and extend an existing PIDS as a result of expansion at an Eastern European airport. The turnkey project includes services to remove old sections and commission and supply a new 10.5...
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UPDATE: Gerber Scientific, Inc. Signs Definitive Merger Agreement with Vector Capital; Shareholders to Receive $11.00/Share Plus Right to Certain Contingent Cash Payments
Monday, June 13, 2011 - 7:01am | 254Gerber Scientific, Inc. (NYSE: GRB) and Vector Capital Corporation ("Vector") today announced that they have entered into a definitive merger agreement under which funds affiliated with Vector will acquire the Company. Under the terms of the merger agreement, the shareholders of the Company will...
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GE Capital is Co-Lead Agent on $225 Million Cash Flow Credit Facility for X-Rite
Friday, June 10, 2011 - 7:50am | 146GE Capital, Corporate Finance today announced it is co-lead agent on a $225 million cash flow credit facility for X-Rite, Incorporated, a leading provider of color measurement systems and services. The loan will be used to refinance an existing credit facility and redeem preferred stock. GE Capital...
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Blueshift Ideas Positive On ARM Holdings, Tablets As A Whole
Thursday, June 9, 2011 - 1:44pm | 283Blueshift Ideas is out with a series of tweets discussing the tablet market, and the winners and losers in the space. Blueshift, which is a boutique research firm that caters to hedge funds and institutional investors, said that Atmel Corporation (NASDAQ: ATML), Cypress Semiconductor (NYSE: CY),...
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RAE Systems Stockholders Approve Merger Agreement With Vector Capital
Thursday, June 9, 2011 - 12:57pm | 110RAE Systems Inc. (NYSE: RAE) announced the results of the Company's Special Meeting of Stockholders held today. The RAE stockholders voted to approve the merger agreement entered into on January 18, 2011, as amended, with an affiliate of Vector Capital and the merger of a subsidiary of this...
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Alpha Natural Resources Announces an Amended Notice of Fundamental Change
Thursday, June 9, 2011 - 11:28am | 989Alpha Natural Resources, Inc. (NYSE: ANR) announced today an amended and restated Notice of Fundamental Change. The details of this fundamental change are as noted below. FUNDAMENTAL CHANGE This notice hereby amends and restates the Notice of Fundamental Change delivered on June 6, 2011 in order...
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Arrowhead Receives Additional 180 Day Grace Period to Comply with the NASDAQ $1.00 Minimum Bid Requirement
Thursday, June 9, 2011 - 6:02am | 241Arrowhead Research Corporation (NASDAQ: ARWR) today announced that, on June 7, 2017, it received a notification from the NASDAQ Stock Market indicating that the Company will have an additional 180-day grace period, until December 5, 2011 to regain compliance with NASDAQ's $1.00 minimum bid...
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Life Partners Announces Receipt of Wells Notice
Monday, June 6, 2011 - 4:05pm | 280Life Partners Holdings (NASDAQ: LPHI) announced today that it has received an amended Wells Notice from the Securities and Exchange Commission. As previously disclosed, on May 9, 2011, the Company received a “Wells Notice” from the SEC stating that the Staff will recommend that the SEC bring a...
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OSI Systems Receives $20 Million Order for Advanced Checked Baggage Inspection Systems Based on Real Time Tomography Technology
Monday, June 6, 2011 - 7:07am | 245OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, today announced that its Security division, Rapiscan Systems, received an approximately $20 million order to provide multiple...