Stock Analysts

CIT to Repurchase Shares

The board of directors of CIT Group Inc . ( CIT ) recently announced a repurchase authorization of shares worth up to $200 million. The buyback program is expected to be completed by the end of 2013. […]

Stock Analysts

Modest 3Q Earnings for Pall Corp

Pall Corporation ( PLL ) reported third quarter 2013 pro forma earnings of 74 cents a share, a penny above the Zacks Consensus Estimate of 73 cents. The results, however, surpassed the prior-year quarter’s earnings per share (EPS) of 61 cents by 21.3% and also the prior quarter’s EPS of 73 cents. The reported EPS bears a 3 cents negative impact from foreign currency translation […]

Stock Analysts

OmniVision’s 4Q Earnings Beat Estimate

OmniVision Technologies’ ( OVTI ) earnings of 17 cents for the fiscal fourth quarter 2013 (ending Apr 2013) surpassed the Zacks Consensus Estimate by 8 cents. Total Revenue OmniVision reported revenues of $336.2 million, down 20.6% sequentially but up 53.8% over the prior year period. Revenues exceeded management’s guidance range of $300–$330 million […]

Mergers & Acquisitions

BNC Bancorp Announces Definitive Merger Agreement with Randolph Bank & Trust

BNC Bancorp Announces Definitive Merger Agreement with Randolph Bank & Trust Merger Expands Bank of North Carolina’s Presence in the Piedmont-Triad Area of Central North Carolina PR Newswire HIGH POINT, N.C., May 31, 2013 HIGH POINT, N.C. , May 31, 2013 /PRNewswire/ — BNC Bancorp (NASDAQ: BNCN), the parent company of Bank of North Carolina (“BNC” or “the Bank”), today announced that it has signed an Agreement and Plan of Merger (“Agreement”) with Randolph Bank & Trust Company (OTC: RDBN) (“Randolph Bank & Trust”), a commercial bank with $302 million in assets serving small businesses and professionals in the Piedmont-Triad area of North Carolina . The Agreement provides for Randolph Bank & Trust common shareholders to receive an amount of cash or shares of BNC common stock equal to $10.00 per share, subject to certain collars, for an aggregate deal value for common shareholders of approximately $10.4 million . […]

Stock Analysts

Splunk’s Loss Widens in 1Q

Splunk Inc. ( SPLK ) reported first-quarter 2014 loss of 16 cents per share, which was wider than the Zacks Consensus Estimate of a loss of 12 cents and the previous-quarter loss of 6 cents per share. However, first-quarter loss was narrower than 71 cents reported in the year-ago quarter. […]

Mergers & Acquisitions

Repunomics Acquires RemoveMyMugshots.com To Complement Its Reputation Management Services Products

Repunomics Acquires RemoveMyMugshots.com To Complement Its Reputation Management Services Products Reputation Management PR Newswire CHICAGO, May 31, 2013 CHICAGO , May 31, 2013 /PRNewswire-iReach/ — Repunomics and RemoveMyMugshots.com today announced that Repunomics has acquired a majority interest in RemoveMyMugshots.com, a privately held reputation management firm specializing in niche online reputation management services. The firm will maintain its current operations and continue to serve all its investors and clients. There will be no changes to the RemoveMyMugshots.com management team. […]

Mergers & Acquisitions

New Gold Agrees to Acquire Rainy River Resources Growing Gold Reserves by Over 40 Percent per Share

New Gold Agrees to Acquire Rainy River Resources Growing Gold Reserves by Over 40 Percent per Share PR Newswire VANCOUVER, May 31, 2013 (All figures are in Canadian dollars unless otherwise indicated) VANCOUVER , May 31, 2013 /PRNewswire/ – New Gold Inc. (“New Gold”) (TSX and NYSE MKT:NGD) and Rainy River Resources Ltd. (“Rainy River”) (TSX: RR) today jointly announce that they have entered into a definitive acquisition agreement (the “Agreement”), whereby New Gold will offer to acquire all of the outstanding common shares of Rainy River through a friendly take-over bid […]

FDA Approval

Vanda Announces Submission To FDA Of A New Drug Application For Tasimelteon For The Treatment Of Non-24-Hour Disorder In The Totally Blind

Vanda Announces Submission To FDA Of A New Drug Application For Tasimelteon For The Treatment Of Non-24-Hour Disorder In The Totally Blind PR Newswire WASHINGTON, May 31, 2013 WASHINGTON , May 31, 2013 /PRNewswire/ — Vanda Pharmaceuticals Inc. (VANDA) (NASDAQ: VNDA) today announced the submission of a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for tasimelteon, a circadian regulator […]

Mergers & Acquisitions

7 Days Group Holdings Limited Announces Extraordinary General Meeting of Shareholders

7 Days Group Holdings Limited Announces Extraordinary General Meeting of Shareholders PR Newswire GUANGZHOU, China, May 31, 2013 GUANGZHOU, China , May 31, 2013 /PRNewswire/ — 7 Days Group Holdings Limited (NYSE: SVN) (“7 Days Group” or the “Company”), a leading economy hotel chain based in China , today announced that it has called an extraordinary general meeting of shareholders (the “EGM”), to be held on June 26, 2013 at 10:00 a.m. ( Hong Kong time), at 31st Floor, AIA Central, 1 Connaught Road Central, Hong Kong , to consider and vote on, among others, the proposal to authorize and approve the previously announced agreement and plan of merger, dated February 28, 2013 (the “Merger Agreement”), among the Company, Keystone Lodging Holdings Limited (which is the party to the Merger Agreement solely for the limited purposes of Sections 2.02(c) and 2.02(e) thereof), Keystone Lodging Company Limited, and Keystone Lodging Acquisition Limited (“Merger Sub”) and the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands, substantially in the form attached as Annex A to the Merger Agreement (the “Plan of Merger”) and the transactions contemplated thereby, including the Merger (as defined below). Pursuant to the Merger Agreement and the Plan of Merger, Merger Sub will be merged with and into the Company (the “Merger”) with the Company continuing as the surviving corporation. […]