New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 20, 2014
05:53 EDTITMN, NGDStocks with implied volatility movement; NGD ITMN
Stocks with implied volatility movement; New Gold (NGD) 46, InterMune (ITMN) 66 according to iVolatility.
News For NGD;ITMN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 18, 2014
06:08 EDTNGDNew Gold initiated with a Neutral at Roth Capital
Target $3.75.
November 10, 2014
08:51 EDTNGDNew Gold to acquire Bayfield Ventures
Subscribe for More Information
08:22 EDTNGDNew Gold to acquier Bayfield Ventures
New Gold announces that it has entered into a definitive agreement to acquire 100% of Bayfield Ventures pursuant to a plan of arrangement. Under the terms of the Arrangement, Bayfield shareholders will receive 0.0477 of a New Gold common share for each Bayfield common share held. The offer values Bayfield at $0.21 per common share or approximately $16.6 million, representing a 50% premium to Bayfield's November 7, 2014 closing price and a 47% premium based on each company's 20-day volume weighted average trading price. It is expected that upon completion of the Arrangement, approximately 3.8 million New Gold common shares will be issued in consideration for Bayfield's outstanding shares, which represents 0.8% of New Gold's currently outstanding common shares. Following completion of the Arrangement, in accordance with their terms, Bayfield's outstanding warrants will be adjusted based on the exchange ratio and become exercisable for New Gold common shares. The board of directors of Bayfield has unanimously approved the transaction. Bayfield's board of directors has also unanimously determined that the transaction is in the best interests of Bayfield shareholders and recommends that Bayfield shareholders vote in favour of the Arrangement. Pursuant to the Agreement, Bayfield has agreed, under certain circumstances, to pay New Gold a termination fee of $650,000. Bayfield has also provided New Gold with certain other customary rights, including a right to match competing offers. As part of the transaction, New Gold will loan Bayfield up to $300,000 to cover transaction-related expenses which will be repayable in cash or Bayfield shares in the event Bayfield shareholders do not approve the transaction.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use