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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:11 EDTPPPPrimero Mining to acquire Cerro Del Gallo for about C$119M
Primero Mining announced that it has entered into a definitive agreement with Cerro Resources whereby Primero will acquire all of the issued and outstanding common shares of Cerro by way of a scheme of arrangement under the Australian Corporations Act 2001. Under the terms of the Arrangement, each Cerro shareholder will receive 0.023 of a Primero common share for each Cerro common share held. Additionally Cerro shareholders will receive 80.01% of the common shares of a newly incorporated company. Spinco will assume Cerro's interests in the Namiquipa, Espiritu Santo, Mt Philp and Kalman projects, shares in Syndicated Metals Limited and approximately $4M in cash. Primero will purchase a 19.99% interest in Spinco with anti-dilution rights for two years. Primero will also be entitled to appoint a director to the Spinco board of directors. Excluding the value of the Spinco exploration assets, the offer represents an implied 62% premium to Cerro's 20-day volume weighted average price and a 77% premium to the spot closing price at December 12. Upon completion of the Arrangement, existing Primero shareholders and Cerro shareholders will own approximately 85% and 15%, respectively, of the issued common shares of Primero. The total transaction value is approximately $119M.
News For PPP From The Last 14 Days
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September 15, 2014
07:31 EDTPPPDenver Gold Group to hold a forum
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07:12 EDTPPPPrimero provides revised corporate guidance, exploration and operational update
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September 8, 2014
10:25 EDTPPPHigh option volume stocks:
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September 3, 2014
10:00 EDTPPPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advanced Drainage (WMS) initiated with a Buy at Deutsche Bank... Alamos Gold (AGI) initiated with an Equal Weight at Morgan Stanley... Ally Financial (ALLY) initiated with a Buy at Drexel Hamilton... AmSurg (AMSG) initiated with a Neutral at Goldman... Ambarella (AMBA) initiated with an Outperform at Imperial Capital... AuRico Gold (AUQ) initiated with an Equal Weight at Morgan Stanley... Century Aluminum (CENX) initiated with a Buy at Deutsche Bank... Francesca's (FRAN) coverage initiated at ITG Research... GSV Capital (GSVC) initiated with a Buy at Wunderlich... Genco Shipping (GSKNF) initiated with a Buy at Jefferies... Hersha Hospitality (HT) initiated with a Sector Perform at RBC Capital... Knightsbridge Tankers (VLCCF) initiated with a Buy at Jefferies... Loxo Oncology (LOXO) initiated with an Outperform at Oppenheimer... Medical Transcription Billing (MTBC) initiated with a Buy at Summer Street... Mood Media (FDMCF) initiated with an Outperform at Imperial Capital... New Gold (NGD) initiated with an Overweight at Morgan Stanley... Orion Engineered Carbons (OEC) initiated with a Buy at KeyBanc... Otter Tail (OTTR) initiated with a Neutral at Sidoti... Primero Mining (PPP) initiated with an Equal Weight at Morgan Stanley... Scorpio Bulkers (SALT) initiated with a Buy at Jefferies... ServiceNow (NOW) initiated with a Market Perform at Raymond James... Square 1 Financial (SQBK) initiated with a Buy at SunTrust... StanCorp (SFG) initiated with a Hold at Deutsche Bank... Star Bulk Carriers (SBLK) initiated with a Buy at Jefferies.
08:12 EDTPPPPrimero Mining initiated with an Equal Weight at Morgan Stanley
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