After-Hours Movers 12/23: MRM, BQI, SLGN Higher; ARNA Lower
More News related to ARNA
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More News related to BQI
- Morning Movers 8/18: BSDM, CRDC, PTEC, CBC, HEB, JAZZ Higher; APP, CTRN Lower
- After-Hours Movers 8/17: CRDC, BQI, KTCC, CNTF, STV, ADI Higher; XOMA, LZB, MVIS, JKHY Lower
- Oilsands Quest (BQI) to Review Strategic Alternatives
- Oilsands Quest announces review of strategic alternatives
- Oilsands Quest announces cancellation of sale of oil shale assets to Canshale
More News related to CR
- Crane Co. to Present at the Wedbush Securities 2nd Clean Technology & Industrial Growth MAC Conference
- Crane Co. to Present at the Gabelli 16th Annual Aircraft Supplier Conference
- Gabelli & Company, Inc.’s 16th Annual Aircraft Supplier Conference
- Crew Energy Issues 2010 Second Quarter Financial and Operating Results
- Crane Co. to Present at the Jefferies 6th Annual Global Industrial and Aerospace & Defense Conference
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- Notable 52-Week High's and Low's of the Day 09/02: PAR, AKAM, SPRD, MRX High; HERO, PSS Low
- Unusual 11 Mid-Day Movers 09/02: BKC, OREX, SCMR, HWD, PIR, ETM Higher; MEI, CGA, MOV, PSS, LOCM Lower
- Notable ETF Movers of the Day 09/02: SPY, XRT, GLD Higher; VXX, USO, UUP Lower
Merrimac Industries, Inc. (AMEX: MRM) 38% HIGHER; Crane Co. (NYSE: CR) and Merrimac announced today that they have signed a definitive agreement for the acquisition of Merrimac by Crane. Crane will pay $16.00 cash per share of common stock of Merrimac and associated common stock purchase rights. Under the terms of the agreement, Crane will commence a tender offer to acquire all of the outstanding shares of common stock of Merrimac, and this transaction, which is subject to the satisfaction of customary conditions, is expected to close in the first quarter of 2010. This transaction is valued at approximately $52 million and represents a 40% premium to Merrimac shareholders based on the closing value of its common stock on December 22, 2009 and a premium of 70% based on Merrimac’s most recent 20-day average closing price.
Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) 4% LOWER; announced today Merck and Co., Inc.'s decision (through an affiliate) to discontinue development of MK-1903, an investigational niacin receptor agonist to treat atherosclerosis being developed under its research collaboration with Arena. Merck also informed Arena that the company will not continue the collaboration. Click here to see the full report.
Oilsands Quest Inc. (Amex: BQI) 1.8% HIGHER; announced today the closing of its previously-announced non-brokered private placement. The accredited institutional investors upsized their subscriptions from the previously announced 8.57 million shares at $1.05 per share to 9.71 million shares at the same price per share for gross proceeds of US$10.2 million to the Company.
Silgan Holdings Inc. (NASDAQ: SLGN) 1.5% HIGHER; will replace Marvel Entertainment Inc. (NYSE: MVL) in the S&P MidCap 400
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