Real estate investment trust American Tower (NYSE:AMT) is preparing a bid for an Indian telecommunications tower company, Viom Networks, that could amount to $1.6 billion to $1.9 billion, according to the Economic Times, an Indian newspaper. Citing unnamed sources, the Times said the bid may come by March 7, and that American Tower is likely…
Cooper-Standard Holdings (NASDAQ:CPS), the parent company of automotive systems and components supplier Cooper Standard Automotive, is considering buying TI Automotive, Reuters reported citing unnamed people with knowledge of the matter. Cooper-Standard is evaluating a takeover bid for TI Automotive, which is estimated to have an enterprise value of more than $2 billion, Reuters said. The…
Workday, Inc. (NYSE:WDAY) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in WDAY indicates that the price change in the extended hours is…
Shares in Apollo Investment Corporation (NASDAQ:AINV) dropped more than 5% pre-market after the company said it has priced a public offering of 12.0 million shares. Underwriters have the option to buy an additional 1.8 million shares. The company didn’t give the price of the offer. XOMA Corp (NASDAQ:XOMA) is moving nearly 5% higher after the…
Paragon Shipping (NASDAQ:PRGN) firms after Jefferies & Co. initiates coverage with a buy rating a $12 price target. Jefferies said the outlook for dry bulk shipping is attractive, and Paragon has an attractive valuation. In afternoon trading, PRGN was up 3.05% to $6.67, at a 36% discount to Jefferies’ estimated net asset value (NAV). Shares…
Shares in Oculus Innovative Sciences, Inc. (NASDQ:OCLS) fell more than 9% pre-market Monday after the company said it will sell 450,620 units to two institutional investors for $3.00 each. The units will be made up of common stock, and Series A and Series B warrants. The company will raise about $1.35 million gross from the sale…
