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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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March 4, 2015
10:02 EDTRCAPHigh option volume stocks
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06:19 EDTRCAPRCS Capital reports Feb. wholesale distribution sales of $326.8M
RCS Capital announced that its wholesale broker-dealer subsidiaries, Realty Capital Securities, SC Distributors, and The Hatteras Funds, raised $326.8M of total equity capital in the month of February through 31 direct investment programs and registered investment companies, an increase of 19% from the $275.1M raised in January. RCS Capital noted continuous and steady improvement in equity sales across its diverse platform, including sales of non-traded direct investment programs, which were $300.1M in February, up 26% compared to $238.3M in January. RCS Capital currently has an industry leading 1,584 active selling agreements in place, inclusive of programs distributed by Strategic Capital. RCS Capital currently works with over 325 broker-dealers and registered investment advisors to distribute alternative investment solutions.
March 2, 2015
10:06 EDTRCAPOptions with decreasing implied volatility
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February 24, 2015
10:06 EDTRCAPHigh option volume stocks
06:37 EDTRCAPRCS Capital management to meet with JMP Securities
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06:21 EDTRCAPRCS Capital reports Q4 Retail Advice revenue $484.9M
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06:21 EDTRCAPRCS Capital sees FY15 adjusted EPS $1.43-$1.59, consensus $1.63
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06:20 EDTRCAPRCS Capital reports Q4 adjusted EPS 14c, consensus 18c
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February 23, 2015
06:45 EDTRCAPCiti still thinks RCS Capital shares can nearly double
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