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Kodiak Oil & Gas Corp (USA) (NYSE:KOG) – US Market Buzz http://www.usmarketbuzz.com Nation and Economy Mon, 20 Jul 2020 16:28:22 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.23 Watch List: Ares Capital Corporation (NASDAQ:ARCC), SunEdison, Inc. (NYSE:SUNE), Kodiak Oil & Gas Corp (USA) (NYSE:KOG) http://www.usmarketbuzz.com/watch-list-ares-capital-corporation-nasdaqarcc-sunedison-inc-nysesune-kodiak-oil-gas-corp-usa-nysekog-2092 Thu, 17 Jul 2014 12:50:40 +0000 http://www.usmarketbuzz.com/?p=2092 Ares Capital Corporation (NASDAQ:ARCC)’s shares dropped 2.18% to $17.02. The company on July 16 said it has priced a public offering of 13,500,000 shares of its common stock. Ares Capital has granted the underwriters an option to purchase up to an additional 2,025,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on July 21, 2014. The offering of the shares is being made under Ares Capital’s shelf registration statement (as amended), which was filed with, and declared effective by, the Securities and Exchange Commission. On July 15, 2014, the official close price of Ares Capital’s common stock on The NASDAQ Global Select Market under the symbol “ARCC” was $17.40 per share.

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SunEdison, Inc. (NYSE:SUNE)’s shares increased 0.39% to $23.44. The company on July 10 said a new project that will install 159 kilowatts (kW) of solar PV micro-grids with battery storage in six remote Indian villages, which will bring electricity to, and thereby improve health and education for, 4,875 off-grid people. Working with the Government of India’s Rural Electrification Corporation (REC) and the Madhya Pradesh Urja Vikas Nigam state agency, SunEdison will build, operate and then transfer the facilities to a public entity after five years, giving the freedom of renewable, reliable energy to those who need it the most.

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Kodiak Oil & Gas Corp (USA) (NYSE:KOG)’s shares gained 5.50% to $15.73. Levi & Korsinsky on July 16 is investigating the Board of Directors of Kodiak Oil & Gas Corp. (“Kodiak” or “the Company”) (KOG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Whiting Petroleum Corporation. Under the terms of the transaction, Kodiak shareholders will receive 0.177 of a share of Whiting stock for each share of Kodiak common stock they own, representing a value of $13.90 per share based on the closing price of Whiting common stock on July 11, 2014. The investigation concerns whether the Board of Kodiak breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Whiting Petroleum Corporation is underpaying for Kodiak shares. In particular, shares of Kodiak traded above the offer price the day before the merger was announced, and at least one analyst set a price target of $19.00 per share.

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]]> Special News Alert: Kodiak Oil & Gas Corp (USA) (NYSE:KOG), Albemarle Corporation(NYSE:ALB), Companhia Siderurgica Nacional (NYSE:SID) http://www.usmarketbuzz.com/special-news-alert-kodiak-oil-gas-corp-usa-nysekog-albemarle-corporationnysealb-companhia-siderurgica-nacional-nysesid-2072 Wed, 16 Jul 2014 13:15:36 +0000 http://www.usmarketbuzz.com/?p=2072 Kodiak Oil & Gas Corp (USA) (NYSE:KOG)’s shares closed at $14.91. Whiting Petroleum Corporation (WLL) (“Whiting”) and Kodiak Oil & Gas Corp. on July 13 announced a definitive agreement pursuant to which Whiting will acquire Kodiak in an all-stock transaction valued at $6.0 billion, based on the closing price of Whiting on July 11, 2014, and including Kodiak’s net debt of $2.2 billion as of March 31, 2014. The transaction will create the largest Bakken/Three Forks producer with over 107,000 barrels of oil equivalent per day of production in the first quarter of 2014, 855,000 combined net acres and an inventory of 3,460 net future drilling locations.

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Albemarle Corporation(NYSE:ALB)’s stock fell 3.57% to $70.03.  Albemarle Corporation  and Rockwood Holdings, Inc. ROC on July 15 announced that they have entered into a definitive agreement under which Albemarle will acquire all outstanding shares of Rockwood in a cash and stock transaction valued at approximately $6.2 billion.  This combination reflects both companies’ commitment to drive sustainable growth, creating one of the world’s premier specialty chemicals companies, with market-leading positions across four high-margin businesses: lithium, catalysts, bromine and surface treatment.

You won’t believe what we found out about ALB

Companhia Siderurgica Nacional (NYSE:SID)’s shares gained 5.91% to $5.20. The company on May 7 announces its results for the 1Q14: Net revenue totaled R$4.4 billion in 1Q14, 20% up on 1Q13; Gross profit came to R$1.3 billion, 69% more than in 1Q13; Adjusted EBITDA amounted to R$1.4 billion, a 60% improvement over the R$0.9 billion recorded in 1Q13, with an adjusted EBITDA margin of 30%, up by 8 p.p. in the same period; Adjusted EBITDA from the steel segment totaled R$761 million in 1Q14, 44% higher than in the same quarter last year.

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