|
|
|
Canada Business News and Press Releases
|
(EMAILWIRE.COM, June 02, 2010 ) Windsor, Ontario - FreeHotPennyStocks.com, an online financial publication, provides investors timely stock market alerts. If you are interested in penny stocks that are poised to breakout sign up for our free penny stock newsletter. Each day we send out alerts on different hot penny stock picks. For more free alerts sign up at http://www.freehotpennystocks.com
Covidien(COV) announced an agreement Tuesday to buy all of ev3's(EVVV) outstanding shares for $2.6 billion, or $22.50 a share, in cash.
The transaction will take the form of an all-cash tender offer by a wholly-owned by a wholly-owned subsidiary of Covidien, followed by a second-step merger expected to be completed by July 31.
On a non-GAAP basis, Covidien expects this transaction to dilute fiscal 2010 earnings per share by 5 cents to 8 cents. Covidien expects fiscal 2011 non-GAAP earnings per share to be diluted by about 10 cents to 15 cents.
Ev3 Inc. shares gapped up to $22.25 after the news was released on a massive flow of volume.
Mediacom Communications Corp (MCCC) said Chief Executive Rocco Commisso has offered to take the cable television system operator private at $6 a share, a premium of 13 percent to the stock's Friday closing price.
Commisso intends to buy all outstanding Class A and Class B common stock of the company he founded.
As of April 30, Mediacom had about 68.1 million shares of class A and B outstanding, bringing the total value of the deal to about $408.6 million.
The stock traded up above $6.00 per share on the news.
Freehotpennystocks.com alerts its members on any stocks from penny stocks to NYSE stocks. Our penny stock forum offers free penny stock trading videos, trading software and broker reviews to our members. Our investing forum has discussions on hot penny stocks to long term investments. All the penny stocks that we alert on have above average trading volume, strong news and penny stocks that are moving to the upside quickly. Our penny stock newsletter is great for investors who are starting in the stock market and want a place for information. If you are interest in seeing hot penny stocks and want free penny stock picks come visit freehotpennystocks.com for a free membership. We also track pink sheet companies and other stocks that may be positioned to break out in our weekly stock report. Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. If you are an small cap ir firm and want your company profiles please email us at the email below.
Resultz Media
Michael Ryan
877-301-9737
staff@freehotpennystocks.com 
|
|
|
|
