DrStockPick.com Stock Report!
Wednesday August 5, 2009
SpongeTech(R) Delivery Systems, Inc. (”SpongeTech(R)”) “The Smarter Sponge(TM)”, (OTCBB: SPNG), announced today that the Company has signed a multi-year partnership agreement with the Tampa Bay Buccaneers. As the team’s newest Pewter Partner, SpongeTech(R) will focus primarily on exclusive marketing opportunities targeting Buccaneer fans across the Tampa Bay area.
Warren Resources, Inc. (Nasdaq:WRES) today announced its 2009 second quarter financial and operating results. The Company reported a net loss of $9.2 million, or $(0.16) per diluted common share, for the second quarter ended June 30, 2009. The second quarter results include a noncash unrealized mark-to-market loss of $9.8 million from oil and gas hedges entered into in early 2009. For the same period in 2008, the Company reported net earnings of $17.7 million, or $0.30 per diluted common share.
Idenix Pharmaceuticals, Inc. (Nasdaq: IDIX), a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases, today announced the pricing of an underwritten offering of 7,248,936 shares of its common stock at a price of $3.14 per share. After underwriting discounts and commissions and estimated offering expenses, the company expects to receive net proceeds of approximately $21.2 million. All of the shares are being sold by Idenix. The offering is expected to close on August 10, 2009, subject to customary closing conditions.
Sonoco (NYSE:SON) will increase prices in North America for all uncoated recycled paperboa! rd grade s by $40 per ton effective with shipments on August 31, 2009, according to James Harrell, division vice president and general manager, Paper–North America.
HCP (NYSE:HCP) announced the pricing of a public offering of 15.5 million shares of common stock at a price per share of $24.75. The deal was upsized from the originally announced 11.5 million shares due to investor demand. The proceeds from this offering will be approximately $384 million and will be used to repay all borrowings under HCP’s revolving credit facility, including borrowings that were applied toward the cash payment of $165 million for the participation in first mortgage debt of HCR ManorCare, with the remainder to be used for general corporate purposes.
Mack-Cali Realty Corporation? (NYSE: CLI) today announced that its operating partnership, Mack-Cali Realty, L.P. (the “Operating Partnership”), intends to commence a public offering of senior unsecured notes due 2019, subject to market and other customary conditions. The notes are being offered under the Company’s and Operating Partnership’s joint shelf registration statement. Banc of America Securities LLC, Citigroup Global Markets Inc., and J.P. Morgan Securities Inc. will act as joint book-running managers for the offering.
Source: E-Gate System from Alphatrade.com
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