As Finnish phone-maker Nokia Corporation (ADR) (NYSE:NOK) strives to meet the April 30 deadline for sealing the $7.2 billion deal with Microsoft, its tussle with the Indian tax department doesn’t seem to be heading towards conclusion anytime soon. The Income Tax department has found incriminating evidence pointing towards tax evasion by the company. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.40 moved to $7.44 on last trade day and at the end of the day closed at $7.34. Company price to sales ratio in past twelve months was calculated as 0.80 and price to cash ratio as 3.68. Nokia Corporation (ADR) (NYSE:NOK) showed a positive weekly performance of 1.66%.
Balchem Corporation (NASDAQ:BCPC) yesterday announced that it entered into a definitive agreement to acquire Performance Chemicals & Ingredients Company (d/b/a SensoryEffects), a privately held supplier of customized food and beverage ingredient systems, headquartered in St. Louis, Missouri for a purchase price of $567 million in cash. Balchem Corporation (NASDAQ:BCPC) shares advanced 1.82% in last trading session and ended the day on $52.12. BCPC return on equity ratio is recorded as 14.40% and its return on assets is 12.80%. Balchem Corporation (NASDAQ:BCPC) yearly performance is 21.92%.
Lee Enterprises Incorporated (NYSE:LEE) owner of the St. Louis Post-Dispatch, said Monday it has completed the refinancing of $800 million of debt, extending maturities to 2019 and 2022. The previous financing matured in 2015 and 2017. Lee Enterprises, Incorporated (NYSE:LEE) shares was closed at $4.47, while trading in range of $4.31 – $4.56. Lee Enterprises, Incorporated (NYSE:LEE) year to date (YTD) performance is 28.82%.
Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data protection solutions, yesterday announced that it has entered into a definitive securities purchase agreement with certain accredited investors for a private placement of 1,886,622 units of Crossroads’ Common Stock and Warrants to purchase 943,311 shares of its Common Stock. Crossroads Systems, Inc. (NASDAQ:CRDS) weekly performance is -3.60%. On last trading day company shares ended up $2.41. Crossroads Systems, Inc. (NASDAQ:CRDS) distance from 50-day simple moving average (SMA50) is -8.62%.
Leave a Reply