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SodaStream (Nasdaq: SODA) $43.73. Today announced ts results for the three month period ended March 31, 2011. Total revenues for the first quarter of 2011 were Euro 45.1 million, $64.0 million as per a convenience translation*, an increase of 50% compared to Euro 30.2 million reported in the first quarter of 2010. Revenues increased in each geographical region, with revenues for Western Europe and the Americas increasing 23% and 153%, respectively, compared to the first quarter of 2010.
Net income for the three months ended March 31, 2011 was Euro 4.2 million, or 22 Euro cents, $0.31 per the convenience translation, per fully diluted share based on 19.6 million weighted average shares, compared to net income of Euro 2.0 million, or 16 Euro cents per fully diluted share based on 13.4 million weighted average shares, in the comparable period in 2010. Excluding the Shared-Based Compensation and the discontinued management fees, adjusted net income (as defined below) for the first quarter of 2011 was Euro 5.3 million, or 27 Euro cents, $0.38 per the convenience translation per fully diluted share, compared to adjusted net income of Euro 2.2 million, or 17 Euro cents per fully diluted share in the first quarter of 2010.
What They Do: SodaStream manufactures home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water.
GT Solar International (Nasdaq: SOLR) $11.48. Today announced that it has received its largest order to date for polysilicon production equipment and technology totaling $228 million from South Korea-based polysilicon producer OCI Company, Ltd. The production equipment will be incorporated into OCI’s new Phase 4 production facility. The order will be included in GT Solar’s backlog for its current Q1 FY12, which ends on July 2, 2011.
OCI expects to complete construction of its 20,000 metric ton Phase 4 production plant by the 4th quarter of 2012. When the plant becomes fully operational it is expected to increase OCI’s total production polysilicon capacity to 62,000 metric tons annually.
What They Do: GT Solar International, Inc. is a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets.
Colonel Offeror Sub and CKx, Inc. (Nasdaq: CKXE) $5.46. Today announced that Offeror has commenced a tender offer to acquire all of the outstanding shares of common stock of CKx (the “Common Shares”) in accordance with the previously announced definitive merger agreement among CKx and acquisition entities owned by investment funds managed by affiliates of Apollo Global Management, LLC (“Apollo”), a leading global alternative asset manager. Offeror is a wholly-owned subsidiary of affiliates of Apollo. The aggregate value of the proposed transaction is approximately $560 million.
Upon the successful closing of the tender offer, stockholders of CKx will receive $5.50 in cash for each Common Share tendered in the offer, without interest, and subject to deduction for any required withholding of taxes. Following the successful closing of the tender offer, a wholly-owned subsidiary of Offeror will complete a second-step merger in which any remaining Common Shares will be converted into the right to receive the same per Common Share price paid in the tender offer.
What They Do: CKx is engaged in the ownership, development and commercial utilization of globally recognized entertainment content.
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