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Stock Market & Financial Investment News

News Breaks
July 16, 2014
14:55 EDTHITT, HITT, HITT, ADI, ADI, ADI, EDR, EDR, EDREducation Realty to replace Hittite Microwave in S&P 600 as of 7/21 close
S&P 500 constituent Analog Devices (ADI) is acquiring Hittite Microwave (HITT) in a deal expected to be completed on or about that date pending final conditions.
News For EDR;HITT;ADI From The Last 14 Days
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July 22, 2014
14:55 EDTHITTGabelli raises stake in Hittite Microwave to 6.5% from 5.4%
07:08 EDTADI, HITTAnalog Devices completes tender offer for Hittite Microwave shares
Analog Devices (ADI) announced it has completed its tender offer to purchase all outstanding shares of common stock of Hittite Microwave Corporation (HITT) for $78.00 per share in cash, and ADI has accepted for payment and will promptly pay the depositary for all validly tendered shares. ADI expects to complete the acquisition of Hittite Microwave later today and will issue a press release to notify stakeholders. The tender offer expired at 12:00 midnight, New York City time, at the end of July 21, 2014. As of the expiration of the tender offer, 23,291,991 shares of Hittite Microwave common stock had been validly tendered and not validly withdrawn, representing approximately 74.2% of Hittite Microwave’s outstanding shares of common stock.
July 16, 2014
18:02 EDTADI, HITT, EDREducation Realty to replace Hittite Microwave in S&P 600 as of 7/21 close
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July 15, 2014
16:09 EDTHITTGabelli reports 5.4% stake in Hittite Microwave
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07:32 EDTEDREducation Realty increases dividend by 9% to 12c
EdR announced that its board has approved a quarterly cash dividend of 12c per share of common stock. This represents a 9% increase in EdR’s dividend and, based on the company’s recent stock price, represents an annual yield of approximately 4.5%. The dividend will be payable August 15 to shareholders of record as of July 31.

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