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Stock Market & Financial Investment News

News Breaks
February 5, 2013
11:33 EDTVOCSOak Ridge Investments reports 7.18% passive stake in Vocus
News For VOCS From The Last 14 Days
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April 7, 2014
16:28 EDTVOCSOn The Fly: Closing Wrap
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12:15 EDTVOCSOn The Fly: Midday Wrap
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12:00 EDTVOCSVocus rises 47.1%
Vocus is up 47.1%, or $5.74, to $17.92
11:19 EDTVOCSVocus spikes after agreeing to be bought by GTCR affiliate
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10:00 EDTVOCSVocus rises 46.9%
Vocus is up 46.9%, or $5.71, to $17.89
09:10 EDTVOCSOn The Fly: Pre-market Movers
HIGHER: Questcor (QCOR), up 27% after agreeing to be bought by Mallinckrodt (MNK) for cash, stock valued at $86.10 per Questcor share... Agios Pharmaceuticals (AGIO), up 25% after program shows "promising clinical activity" for advanced blood cancers, shares upgraded at JPMorgan... Vocus (VOCS), up 47% after agreeing to be acquired by GTCR for $446.5M, or $18.00 per share... Pandora (P), up 1.3% following upgrade at Wedbush. LOWER: MannKind (MNKD), down 13% after announcing FDA extension of PDUFA date for Afrezza... American Eagle (AEO), down 2.2% following downgrade at Cowen... Pfizer (PFE), down 2.8% after announcing data for palbociclib in metastatic breast cancer... Mattel (MAT), down 3% following downgrade at BMO Capital... WWE (WWE), down 1.2% after cautious mention in Barron's, company announcing WrestleMania 30 grossed $10.9M.
09:00 EDTVOCSVocus rises 47.4%
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08:32 EDTVOCSVocus agrees to be acquired by GTCR for $446.5M, or $18.00 per share
Vocus announced it has entered into a definitive merger agreement to be acquired by an affiliate of GTCR, in an all-cash transaction valued at approximately $446.5M. Upon the terms and subject to the conditions of the agreement, GTCR Valor Merger Sub, Inc. will commence a tender offer to acquire all of the outstanding shares of Vocusís common stock for $18.00 per share, net to the holder of such share of Vocus common stock, in cash, without interest and subject to any applicable tax withholding. The offer price per share for common stock represents a premium of 48% over Vocusís closing share price on April 4, the last trading day prior to announcement, and a premium of approximately 79% over the twelve-month volume weighted average share price for the period ended April 4. As part of the transaction, GTCR Valor Merger Sub, Inc. will also acquire all outstanding shares of Vocusís Series A Convertible Preferred Stock for its stated value of $77.3 million. The Vocus board of directors approved the transactions with the unanimous vote of those voting, with one director abstaining, and recommends the companyís stockholders tender their shares in the offer. Concurrently with entering into the merger agreement, GTCR entered into separate tender and support agreements with Okumus Fund Management Ltd., Rudman and Stephen Vintz, the companyís Executive Vice President, CFO and Treasurer, pursuant to which they have each agreed, subject to the terms and conditions thereof, to tender their respective shares of Vocusís common stock in the offer, which together represent 27.7% of the currently outstanding shares of Vocusís common stock. Also concurrently with entering into the merger agreement, GTCR entered into a separate stock purchase, non-tender and support agreement with JMI Equity, pursuant to which GTCR agreed to purchase, following its acceptance of shares tendered in the offer, and subject to the terms and conditions thereof, all of JMIís shares of Vocusís Series A Convertible Preferred Stock, representing all of the companyís outstanding shares of Series A Convertible Preferred Stock. Once the transaction is complete, Vocus will become a private company. Vocus currently expects the transaction to close before the end of the second quarter of 2014.
08:29 EDTVOCSVocus agrees to be acquired by GTCR for $446.5M, or $18.00 per share
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07:55 EDTVOCSVocus trading halted, pending news
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