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August 4, 2014
07:32 EDTNE, PGNNoble completes spin-off of outstanding shares of Paragon Offshore
Noble (NE) announced that it has completed the spin-off of all of the outstanding shares of Paragon Offshore (PGN), which owns most of Noble's standard specification drilling business. As a result, Noble and Paragon are now two separate, publicly-traded companies. On August 1 Noble distributed to its shareholders one ordinary share of Paragon for every three ordinary shares of Noble held. No fractional Paragon shares were issued; however, shareholders who would otherwise have been entitled to receive a fractional Paragon share in the distribution instead received cash in lieu of that fractional share. Paragon ordinary shares will begin "regular-way" trading under the symbol "PGN" on the New York Stock Exchange on August 4. Noble ordinary shares will continue to trade on the NYSE under the symbol "NE."
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May 13, 2015
19:12 EDTPGNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Paragon Offshore (PGN), up 10.3%... Shake Shack (SHAK), up 10%... Vipshop Holdings (VIPS), up 6.7%. ALSO HIGHER: Vascular Biogenics (VBLT), up 12.8% and Oncothyreon (ONTY), up 15.5% after release of ASCO presentation data. DOWN AFTER EARNINGS: Identiv (INVE), down 10.3%... Sphere 3D (ANY), down 11.3%... VOXX International (VOXX), down 8.1%. ALSO LOWER: Puma Biotechnology (PBYI), down 21.8% after Neratinib data published in ASCO abstract... Karyopharm Therapeutics (KPTI), down 1.2% after ASCO presentation data released... Gevo (GEVO), down 11.4% after filing to sell common stock and warrants.
16:25 EDTPGNParagon Offshore reports Q1 EPS 69c with items, may not compare to consensus 23c
Reports Q1 revenue $430.6M, consensus $418.72M. Results for the quarter include a $16.8M, or 17c per diluted share, gain on the sale of an asset and a $4.3M, or 5c per diluted share, gain related to the repurchase of an aggregate principal amount of $11M of its senior unsecured notes.
16:12 EDTPGNParagon Offshore reports total contract backlog $1.9B at March 31
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15:04 EDTPGNNotable companies reporting after market close
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