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Stock Market & Financial Investment News

News Breaks
February 28, 2013
09:00 EDTPKTProcera Networks falls 12.4%
Procera Networks is down 12.4%, or $2.09, to $14.71
News For PKT From The Last 14 Days
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April 23, 2015
15:45 EDTPKTCastle Union lowers stake in Procera Networks to 1.3% from 6.6%
April 22, 2015
09:22 EDTPKTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
06:32 EDTPKTProcera Networks to be acquired by Francisco Partners in deal valued at $240M
Procera Networks that it has signed a definitive agreement to be acquired by private funds managed by Francisco Partners Management, in an all-cash transaction valued at approximately $240M. Under the terms of the definitive agreement, Francisco Partners will commence a tender offer no later than May 5 to acquire all outstanding shares of Procera's common stock for $11.50 per share in cash. This represents a premium of approximately 21% over the closing price of Procera's common stock on April 21, and a premium of approximately 32% over the unaffected closing price on January 22, the last day prior to an article reporting the potential sale of the company. Procera's board has unanimously approved the transaction.

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