Atlanta, GA 7/3/12 (StreetBeat) -- The following companies made notable moves in U.S. trade on Tuesday:Advancers
Fortuna Silver Mines Inc. FSM rose 6.1% after the company said it discovered high-grade gold and silver mineralization at the Tlacolula project in Mexico. The company said the discovery marks a “significant benchmark” in its exploration program.
MModal Inc. MODL jumped 8.6% after it said it’s going private through a buyout deal with One Equity Partners valued at about $1.1 billion. Terms call for One Equity Partners, the private investment arm of J.P. Morgan Chase & Co. JPM +0.21% , to pay $14 a share cash for all outstanding shares of Franklin, Tenn.-based MModal, a provider of clinical documentation services for the health-care industry. The buyout price represents an 8.3% premium over the Monday closing price for MModal shares.
Nanosphere Inc. NSPH shares jumped 25% after Jefferies upgraded the biotech company to buy from hold. Analysts cited positive expectations for a blood stream infection test, which was recently approved by the U.S. Food and Drug Administration.
Decliners
Microsoft Corp. MSFT dipped 1.5% after it said it’ll report a non-cash, non-tax-deductible goodwill asset impairment charge of $6.2 billion in connection with its 2007 acquisition of aQuantive Inc. Microsoft acquired aQuantive in August 2007 for $6.3 billion. The goodwill impairment charge will be reported in the company’s online services division.
Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.
StreetBeat Disclaimer
No comments:
Post a Comment