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Stock Market & Financial Investment News

News Breaks
May 28, 2014
08:03 EDTINVN, HSTM, VVTV, SSYS, PRLB, AKRX, POWR, SHOR, CALD, EGHTCraig-Hallum to hold a conference
Institutional Investor Conference is being held in Minneapolis on May 28.
News For INVN;CALD;SHOR;POWR;AKRX;PRLB;SSYS;VVTV;HSTM;EGHT From The Last 14 Days
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October 20, 2014
16:35 EDTHSTMHealthstream updates subscriber use for subscription-based solutions
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16:32 EDTHSTMHealthstream reports Q3 EPS 12c, consensus 8c
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11:12 EDTSHORShoreTel confirms receipt of unsolicited proposal from Mitel
ShoreTel (SHOR) confirmed that it has received an unsolicited proposal from Mitel Networks Corporation (MITL) to acquire all of the outstanding shares of the Company for $8.10 per share in cash. Consistent with its fiduciary duties, ShoreTel's board of directors, in consultation with its financial and legal advisors, will carefully review and evaluate the Proposal and determine the course of action that it believes is in the best interest of the Company's stockholders. ShoreTel advises stockholders not to take any action at this time pending the review of the Proposal by the Company's board of directors.
09:22 EDTSHOROn The Fly: Pre-market Movers
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08:05 EDTSHORMitel proposes to acquire ShoreTel for $8.10 per share in cash
Mitel (MITL) disclosed that it has made a proposal to the ShoreTel (SHOR) board to acquire all of the outstanding shares of ShoreTel common stock for $8.10 per share in cash, representing a total equity value of approximately $540M. This offer represents a 24% premium to ShoreTel's closing stock price on October 17, and a 30% premium to ShoreTel's enterprise value. Richard McBee, president and CEO of Mitel stated, "The business communications market is rapidly consolidating and Mitel has clearly stated that we intend to be a consolidator in this market. We see a compelling opportunity to bring together two market innovators with strong and complementary market footprints, particularly in the U.S. where ShoreTel does more than 90% of its business, in a way that delivers significant value and opportunities to the shareholders, customers and employees of both companies. We are disappointed that the ShoreTel Board has rejected our proposal and refused to engage with us. Mitel continues to believe that the proposal offers ShoreTel shareholders an attractive premium. We remain open to constructive and progressive discussions and for that reason I have advised the ShoreTel Board that our proposal will remain open until 5pm EST on November 20."
08:03 EDTSHORMitel proposes to acquire ShoreTel for $8.10 per share in cash
October 16, 2014
09:32 EDTPRLBProto Labs upgraded to Overweight from Equal Weight at Stephens
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09:30 EDTSSYSStratasys upgraded to Overweight from Equal Weight at Stephens
October 15, 2014
16:54 EDTPOWRBecker Drapkin reports 6.3% stake in PowerSecure
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09:30 EDTEGHT8x8, Inc. upgraded to Buy from Neutral at Sidoti
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09:27 EDTPOWRPowerSecure acquisition positive, says Roth Capital
After PowerSecure (POWR) announced it acquired the data center energy services business of Power Design, Roth Capital says the deal should accelerate PowerSecure's penetration into the data center market at what appears to be an attractive price. The firm reiterates a $14 price target and Buy rating on the shares.
09:02 EDTPOWRPowerSecure data center energy services acquisition positive, says RW Baird
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07:32 EDTSSYSUBM Canon to hold a conference
PLASTEC Midwest Conference is being held in Chicago on October 15-16.
07:03 EDTPOWRPowerSecure adds $25M in new business
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October 14, 2014
15:31 EDTVVTVCannell Capital reports 5.6% passive stake in ValueVision
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07:48 EDTPOWRPowerSecure to host conference call
Conference call to discuss the acquisition of the data center energy services business of Power Design, Inc. will be held on October 14 at 8:30 am. Webcast Link
07:02 EDTPOWRPowerSecure acquires PDI data center business for $13M
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06:33 EDTAKRXAkorn initiated with a Buy at WallachBeth
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05:33 EDTEGHT8x8, Inc. upgraded to Buy from Neutral at B. Riley
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October 13, 2014
09:06 EDTINVNInvenSense recent pullback a buying opportunity, says Northland
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