SunEdison (SUNE) Reports $675M in Gross Proceeds from TerraForm Global (GLBL) IPO Jul 31, 2015 04:33PM

SunEdison, (NYSE: SUNE) and TerraForm Global, Inc. ("TerraForm Global") announced today that TerraForm Global (Nasdaq: GLBL), a subsidiary of SunEdison, has priced an underwritten initial public offering of 45,000,000 shares of its Class A common stock at a price to the public of $15.00 per share, representing gross proceeds of $675 million. The shares will begin trading on the NASDAQ Global Select Market on July 31, 2015 under the ticker symbol "GLBL." In connection... (continue reading...)


Ossen Innovation (OSN) Regains Compliance with NASDAQ Listing Requirements Jul 31, 2015 04:31PM

Ossen Innovation (NASDAQ: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced that it received notice from The Nasdaq Stock Market LLC ("NASDAQ") that it has regained compliance with NASDAQ Marketplace Rule 5550(a)(2) (the "Rule"), which requires that the closing bid price per share of a listed company be at least $1.00 per share.

As previously announced, on August 12, 2014, NASDAQ... (continue reading...)


ITT Corp. (ITT) Files 10-Q, Shows Subpoena from DoD Jul 31, 2015 04:19PM

ITT Corp. (NYSE: ITT) filed its 10-Q with the SEC. The filing showed a civil subpoena from the Department of Defense.

From the filing:

The Company has received a civil subpoena from the Department of Defense, Office of the Inspector General requesting documents pertaining to certain products manufactured by the Company’s Interconnect Solutions segment that are purchased or used by the U.S. government. The Company is cooperating with the request. The inquiry is in the... (continue reading...)


CF Industries (CF) Closes $580M Acquisition of Remaining GrowHow Stake Jul 31, 2015 02:24PM

CF Industries (NYSE: CF) has closed the acquisition of the outstanding interests it did not already own in GrowHow UK Limited (GrowHow) for total cash consideration of $580 million. GrowHow owns and operates nitrogen production facilities in Ince and Billingham, U.K.

“We are pleased to welcome 550 new employees from GrowHow to CF Industries and to add the production facilities in Ince and Billingham to our system of nitrogen complexes,” said Tony Will, president and... (continue reading...)


Teva Pharma (TEVA) Secures $33.75B Financing Commitment Relating to Pending Acquisition of Allergan's Generic Business Jul 31, 2015 02:00PM

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) today announced that it has entered into commitment letters relating to its pending acquisition of Allergan' (NYSE: AGN) generic pharmaceuticals business with Bank of America Merrill Lynch, Barclays Bank PLC, BNP Paribas, Citi, Credit Suisse, HSBC, Mizuho Bank, Morgan Stanley Senior Funding, Inc., RBC Capital Markets and Sumitomo Mitsui Banking Corporation.

Pursuant to the commitment letters, the lenders have committed to... (continue reading...)


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