Dallas 5/5/2010 10:17:21 PM
News / Business

Wednesday’s Top Traders Stocks (BPOP, BZH, SENO, LIHR)

Traders Stocks

 

Popular, Inc. (Nasdaq: BPOP) announced today that shareholders approved a proposal to amend its Restated Articles of Incorporation to increase the authorized number of shares of common stock, par value $0.01 per share, from 700 million to 1.7 billion at its 2010 annual shareholders meeting.

 

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Beazer Homes USA, Inc. (NYSE: BZH) announced today that it priced its previously announced offering of 12.5 million shares of its common stock at $5.81 per share, resulting in net proceeds of approximately $68.5 million. The Company also priced its offering of 3.0 million 7.25% tangible equity units at $25.00 each, resulting in net proceeds of approximately $72.3 million. The Company’s 9.125% senior unsecured notes due 2018 were priced at 100% of the $300.0 million aggregate principal amount issued, resulting in net proceeds of approximately $295.1 million.

 

SenoRx, Inc. (Nasdaq: SENO) entered into a definitive merger agreement with C. R. Bard (NYSE: BCR) at a price of $11 per share, or approximately $213 million in the aggregate. The SenoRx board of directors unanimously approved the agreement and will recommend that the Company's shareholders approve the transaction.

 

Newcrest Mining Limited and Lihir Gold Limited (Nasdaq: LIHR) today announced that they have entered into a Merger Implementation Agreement ("MIA") under which it is proposed that Newcrest will acquire all of LGL's ordinary shares under a Scheme of Arrangement.

 

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