Petroleum
Development Corporation (NASDAQ:PETD) fell 5.61% to $34.45. The company
announced that it intends to offer USD100 million aggregate principal amount of
convertible senior notes due 2016 (the notes) in a private placement . The
notes will pay interest semiannually and are expected to be convertible prior
to November 15, 2015, only upon specified events and during specified periods
and, thereafter, at any time.
The
stock has average daily volume of 254K shares. At current market price, the
market capitalization of the company stands at $664.02 million.
Scorpio
Tankers Inc. (NYSE:STNG) lost 0.20% to $9.78. The company announced
that it has priced its public offering of 4,575,000 shares of its common stock,
par value $0.01 per share, at $9.80 per share. The offering is expected to close
on November 22, 2010.
The
stock opened at $9.75 and traded within the range of $9.71-$9.95. At current
market price, the market capitalization of the company stands at $186.87 million.
Cascade
Bancorp (NASDAQ:CACB) skyrocketed 55.56% to $0.700. The company announced
that it has entered into Securities Purchase Agreements for the purchase and
sale of approximately $177 million of shares of its common stock. The
purchase price per share of Common Stock for each investor will be $0.40.
The stock has average daily volume of 48K shares.
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