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Stock Market & Financial Investment News

News Breaks
July 8, 2014
09:23 EDTRCAP, ICHICH announces preliminary stockholder merger consideration election results
Investors Capital Holdings (ICH) announced the preliminary results of the elections made by stockholders of ICH regarding the form of merger consideration they will receive in connection with the acquisition by RCS Capital (RCAP), of ICH. The closing of the Merger is expected to be effective on July 11.As previously announced, on October 27, 2013, ICH, RCAP and Zoe Acquisition, LLC, a Delaware limited liability company and a wholly-owned subsidiary of RCAP, entered into an Agreement and Plan of Merger. Pursuant to the Merger Agreement, each issued and outstanding share of common stock of ICH, par value 1c per share will be, at the holder’s election and subject to the limitation described below, converted into either cash or shares of Class A common stock of RCAP. Holders of ICH Common Stock who elected to receive cash will receive $7.25 per share of ICH Common Stock. As of July 7, there were approximately 7,238,309 shares of ICH Common Stock outstanding. Based on available information as of the Election Deadline, the preliminary merger consideration election results are as follows: Holders of approximately 14.55% of the outstanding shares of ICH Common Stock, or 1,053,307 shares of ICH Common Stock, elected the Cash Election Consideration. Holders of approximately 9.84% of the outstanding shares of ICH Common Stock, or 711,922 shares of ICH Common Stock, elected the Stock Election Consideration.
News For ICH;RCAP From The Last 14 Days
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November 18, 2014
07:28 EDTRCAPRCS Capital shares still undervalued, says JMP Securities
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November 17, 2014
16:14 EDTRCAPPoint72 reports 5.1% passive stake in RCS Capital
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November 13, 2014
10:27 EDTRCAPHigh option volume stocks
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06:05 EDTRCAPRCS Capital sees FY14 adjusted EBITDA $288M-$300M
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06:05 EDTRCAPRCS Capital reports Q3 adjusted EPS 40c, consensus 43c
Reports Q3 Assets Under Administration of $212.8B. Reports Q3 revenue $697.1M vs. $658.2M last year.
November 12, 2014
06:13 EDTRCAPAmerican Realty comments on litigation filed against RCS Capital
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