Freescale Semiconductor, Ltd. (NYSE:FSL) announced the upsizing and pricing of its previously announced underwritten public offering of 30,000,000 of its common shares, par value $0.01 per share. The size of the offering has been upsized to 35,000,000 common shares and priced at $18.50 per share. The offering is expected to close on February 18, 2014, subject to customary closing conditions. In addition, Freescale has granted the underwriters a 30-day option to purchase up to 5,250,000 additional common shares of Freescale. Freescale Semiconductor Ltd (NYSE:FSL) stock opened at $19.60 in last trading session, and closed at $20.50, trading in the range of $19.38 – $20.56. The stock showed a positive weekly performance of 15.51%.
A solidly profitable Owens Corning (NYSE:OC) said Wednesday it will resume paying a quarterly dividend for the first time in nearly 14 years. The Toledo company also easily beat analysts’ expectations for the fourth quarter, reporting a profit of $82 million after losing $56 million in the fourth quarter of 2012. The news sent shares sharply higher Wednesday, with OC closing at $43.20, a gain of 9 percent. Chief Executive Officer Mike Thaman said Wednesday the company’s strong performance in 2013 and bullish outlook allowed the board to make the decision to reinstitute a dividend. Owens Corning (NYSE:OC) shares closed at $43.20 on last trade day, by gaining 8.71%. Stock 52 week range is $34.41 – $45.62. Company’s market capitalization is $5.09 billion.
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of AMCOL International Corporation (NYSE:ACO) by Imerys S.A. (euronext paris:NK). On February 12, 2014, the two companies announced the signing of a definitive agreement pursuant to which Imerys will commence a tender offer to acquire all outstanding shares of AMCOL common stock for $41.00 per share in cash. AMCOL International Corporation (NYSE:ACO) stock advanced 12.31% and finished the last session at $41.24. The EPS of the stock remained 1.07. Company’s market capitalization is $1.34 billion.
Packaging Corp Of America (NYSE:PKG) reported fourth quarter adjusted EPS of $1.04 after the bell Tuesday, up from $0.61 in the previous year. The consensus estimate was for EPS of $0.87. First quarter EPS is expected to be between $1.00 and $1.05. Analysts are expecting EPS of $0.92. Packaging Corp. of America gapped open sharply higher Wednesday morning and is now up 4.61 at $70.16. The stock has leaped to a new high for the year. Packaging Corp Of America (NYSE:PKG) stock opened at $70.63 in last trading session and closed at $72.06. The 52 week range of the stock is $72.06 and the day range was $69.67 – $72.13.