After-Hours Movers 12/28: IPSU Higher; ANH Lower
Up)
Imperial Sugar Company (NASDAQ: IPSU) 9.7% HIGHER; announced that it settled the property insurance claim for the February 2008 industrial accident at its Port Wentworth, Georgia refinery for an aggregate of $345 million. The Company expects to recognize pre-tax gains of approximately $278 million in its first fiscal quarter ending December 31, 2009, as a result of the settlement. A final $45 million payment on the claim is expected to be received in early January. Previously the insurers had provided advance claim payments
aggregating $300 million under the $350 million policy which provides for replacement cost coverage of physical property damage and business interruption coverage.
Anworth Mortgage Asset Corporation (NYSE: ANH) 1.5% LOWER; filed a registration with the U.S. Securities and Exchange Commission to sell, from time to time, up to $600M of Common Stock, Preferred Stock, Warrants, or any combination thereof.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
aggregating $300 million under the $350 million policy which provides for replacement cost coverage of physical property damage and business interruption coverage.
Anworth Mortgage Asset Corporation (NYSE: ANH) 1.5% LOWER; filed a registration with the U.S. Securities and Exchange Commission to sell, from time to time, up to $600M of Common Stock, Preferred Stock, Warrants, or any combination thereof.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
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