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Stock Market & Financial Investment News

News Breaks
August 4, 2014
10:04 EDTLII, LJPC, PGN, DRIIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Diamond Resorts (DRII) initiated with an Outperform at Imperial Capital... La Jolla (LJPC) initiated with a Buy at Jefferies... Lennox (LII) initiated with a Neutral at Credit Suisse... Paragon Offshore (PGN) initiated with an Equal Weight at Stephens.
News For DRII;LJPC;LII;PGN From The Last 14 Days
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November 20, 2014
08:50 EDTDRIIDiamond Resorts weakness creates buying opportunity, says JMP Securities
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November 17, 2014
10:51 EDTDRIIDiamond Resorts management to meet with JMP Securities
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10:03 EDTPGNParagon Offshore to host conference call
Conference call to discuss the acquisition of shares in Prospector Offshore Drilling is being held on November 17 at 11:30 am. Webcast Link
05:19 EDTPGNParagon acquires majority stake in Prospector Offshore for $2.13 per share
Paragon Offshore reported that it has acquired 52.75M shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess. Paragon acquired the shares at a price of 14.50 NOK per share, or $2.13 per share based on the exchange rate of one United States dollar to 6.80 NOK. Following this transaction, Paragon owns a total of 52.75M shares of Prospector, equal to 55.8% of the outstanding shares of Prospector. Paragon intends to launch a mandatory tender offer for the remaining outstanding shares of Prospector within four weeks as mandated by applicable Luxembourg and Norwegian law. In addition, Paragon will request the board of directors of Prospector to convene a general meeting of the Prospector shareholders to elect three new Paragon designated directors to the Prospector board.

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