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Stock Market & Financial Investment News

News Breaks
April 1, 2014
08:28 EDTARTXArotech acquires UEC Electronics
Arotech announced that it has acquired UEC Electronics, a company based in Hanahan, South Carolina. UEC will be integrated into Arotech's Battery and Power Systems Division. The initial acquisition price of UEC under the contract entered into with the seller of UEC consisted of $28.0M in cash and 775,000 shares of Arotech's common stock, plus a potential earn-out of $5.5M over the next two calendar years. On March 31, the closing price of Arotech's common stock on the Nasdaq Global Market was $6.22 per share, causing the common stock issued in the acquisition to be valued for accounting purposes at $4.82M, subject to potential reduction to reflect the fact that the stock being issued in the acquisition is unregistered and not freely tradable. Arotech's primary bank has funded $22.5M of the cash requirement, which Arotech expects to pay back over the next five years out of its operating cash flow.
News For ARTX From The Last 14 Days
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July 21, 2014
08:12 EDTARTXArotech: Battery and Poiwer Systems division receives $6.2M in new orders
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July 11, 2014
08:35 EDTARTXArotech 2.86M share Secondary priced at $3.50
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July 10, 2014
18:35 EDTARTXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Joe's Jeans (JOEZ), up 15.5% after reporting second quarter results above analyst estimates... Barracuda Networks (CUDA), up 2.2% after reporting quarterly results and guidance... DOWN AFTER EARNINGS: PriceSmart (PSMT), down 3.7% after reporting third quarter revenue below analyst estimates... Rent-A-Center (RCII), down 11% after reporting disappointing preliminary second quarter results. ALSO LOWER: Gap (GPS), down 2% after reporting June Same Store Sales down 2%... Arotech (ARTX), down 5.6% after filing an automatic common stock shelf... NOTABLE: MGIC Investment (MTG), down 4.8% and Radian Group (RDN), down 3.8% following the FHFA proposal to tighten capital rules for mortgage insurers.
16:31 EDTARTXArotech files automatic common stock shelf
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