Barnes & Noble Inc., (NYSE:BKS) the struggling bookseller, received a proposal from G Asset Management LLC to acquire 51 per cent of the company at $22 a share, valuing the total business at $1.32 billion. Barnes & Noble, Inc. (NYSE:BKS) stock opened at $16.75in last session, and closed at $17.69, while the day range of Barnes & Noble, Inc. (NYSE:BKS) stock is $16.53 – $19.19. The stock showed a positive weekly performance of 10.01%.
Shares of Emeritus Corporation (NYSE:ESC) skyrocketed as much as 41% after the operator of senior living facilities in the United States agreed to be purchased by Brook dale Senior Living for $1.4 billion ($2.8 billion including debt). Emeritus Corporation (NYSE:ESC) stock opened at $29.35in last session, and closed at $29.01by gaining 35.18%.The 52 week range of $18.15 – $30.95. Company’s market capitalization is $1.36B.
On Feb 18, 2014, zacks issued an updated research report on Ocwen Financial Corp. (NYSE:OCN). The company’s strategy to grow through acquisition of mortgage servicing rights (MSRs) bodes well for the future. Ocwen Financial Corp (NYSE:OCN)stock increased 5.33% and finished the last session at $37.54. The EPS of the stock remained1.73. Company’s market capitalization is $5.10B.
The speculations of Tata communication limited (NYSE:TCL) mulling telecom exit has surfaced again in the industry. A recent report published in the Economic Times says that the company is in preliminary discussions with Vodafone to sell both Tata Communications and Tata Teleservices.
Tata communication limited (NYSE:TCL) stock opened the session at $7.04, and closed the session at $6.99. The 52 week range of the Tata communication limited (NYSE:TCL) stock remained $6.54- $9.86 and the day range was $6.97 – $7.04.
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