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Stock Market & Financial Investment News

News Breaks
July 25, 2014
14:55 EDTPGN, PGN, PGN, IVAC, IVAC, IVAC, NE, NE, NEParagon Offshore Ltd. to replace Intevac in S&P 600 as of 8/1 close
S&P 500 constituent Noble Corp. (NE) is spinning off Paragon Offshore (PGN) to shareholders in a transaction expected to be completed after the close of trading on that date. Post spin, Noble will remain in the S&P 500. Intevac is ranked # 600 in the S&P SmallCap 600 and is no longer representative of that index.
News For PGN;IVAC;NE From The Last 14 Days
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November 18, 2014
10:54 EDTNEStocks with call strike movement; GNW NE
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November 17, 2014
10:03 EDTPGNParagon Offshore to host conference call
Conference call to discuss the acquisition of shares in Prospector Offshore Drilling is being held on November 17 at 11:30 am. Webcast Link
05:19 EDTPGNParagon acquires majority stake in Prospector Offshore for $2.13 per share
Paragon Offshore reported that it has acquired 52.75M shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess. Paragon acquired the shares at a price of 14.50 NOK per share, or $2.13 per share based on the exchange rate of one United States dollar to 6.80 NOK. Following this transaction, Paragon owns a total of 52.75M shares of Prospector, equal to 55.8% of the outstanding shares of Prospector. Paragon intends to launch a mandatory tender offer for the remaining outstanding shares of Prospector within four weeks as mandated by applicable Luxembourg and Norwegian law. In addition, Paragon will request the board of directors of Prospector to convene a general meeting of the Prospector shareholders to elect three new Paragon designated directors to the Prospector board.
November 13, 2014
15:45 EDTNEHalliburton, Baker Hughes in fast-moving merger talks, WSJ reports
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November 12, 2014
07:59 EDTNEMitsubishi UFJ to hold a tour
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November 10, 2014
19:07 EDTPGNParagon Offshore reports Q3 adjusted EPS 59c, consensus 70c
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15:55 EDTIVACNeedham to hold a conference
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