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Stock Market & Financial Investment News

News Breaks
January 25, 2013
09:00 EDTSFLShip Finance falls 7.9%
Ship Finance is down 7.9%, or $1.38, to $16.14
News For SFL From The Last 14 Days
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June 18, 2013
09:07 EDTSFLShip Finance 8M share Spot Secondary priced at $16.45
Morgan Stanley acted as sole book running manager for the offering.
June 17, 2013
19:02 EDTSFLOn The Fly: After Hours Movers
HIGHER: Korn/Ferry (KFY), up 2.7% after reporting better than expected fourth quarter earnings... Rambus (RMBS), up 3.2% after the company narrowed its second quarter revenue view. LOWER: GenMark (GNMK), down 4.7% after lower its full-year revenue view to $30M from $35M... Also lower following the announcement of stock offerings were Ship Finance (SFL), down 5.1%, New Mountain Finance (NMFC), down 3.3%, and Exact Sciences (EXAS), down 3.1%.
16:24 EDTSFLShip Finance files to sell 8M shares of common stock
Ship Finance International Limited announced an underwritten public offering of 8,000,000 common shares. The common shares are being offered pursuant to the company's effective shelf registration statement. The company intends to use the net proceeds of this offering to invest in new assets within the shipping and offshore sectors and for general corporate purposes, including working capital. Morgan Stanley is acting as the sole book-running manager for the offering.

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