Scorpio Tankers Inc. (NYSE:STNG) announced on 7 may that it has priced its previously announced $50.0 million public offering of senior unsecured notes due 2020. The Notes will mature on May 15, 2020, and may be redeemed in whole or in part at any time or from time to time after May 15, 2017. The Notes will bear interest at a rate of 6.75% per year, payable quarterly on each February 15, May 15, August 15 and November 15, commencing on August 15, 2014. The Company has granted the underwriters of the offering a 30-day option to purchase up to an additional $7.5 million of the Notes on the same terms and conditions. The offering is expected to close on May 12, 2014. Scorpio Tankers Inc. (NYSE:STNG) net profit margin is 13.30% and weekly performance is 1.72%. On last trading day company shares ended up $8.89. Scorpio Tankers Inc. (NYSE:STNG) distance from 50-day simple moving average (SMA50) is -5.74%.
For the first quarter of 2014, Global Eagle Acquisition Corp (NASDAQ:ENT) revenue was $86.0 million, compared with $42.5 million in the first quarter of 2013. The loss from operations for the quarter was $9.4 million, compared to a loss of $22.2 million in the first quarter of 2013. The net loss for the quarter was $26.3 million, compared to a net loss of $27.0 million in the first quarter of 2013. Global Eagle Acquisition Corp (NASDAQ:ENT) shares fell -2.39% in last trading session and ended the day on $11.04. ENT gross Margin is 23.80% and its return on assets is -33.90%.Global Eagle Acquisition Corp (NASDAQ:ENT) quarterly performance is -30.91%.
Harbinger Group Inc. (NYSE:HRG) announced that it is soliciting the holders of its 7.875% Senior Secured Notes due 2019 to amend the indenture governing the Senior Secured Notes to provide the Company with, among other things, greater flexibility to repurchase or redeem its outstanding common stock. The terms and conditions of the Consent Solicitation are described in the consent solicitation statement dated May 9, 2014. Harbinger Group Inc. (NYSE:HRG) shares moved up 0.86% in last trading session and was closed at $11.79, while trading in range of $11.62 – $11.93. Harbinger Group Inc. (NYSE:HRG) year to date (YTD) performance is -0.51%.
Compass Diversified Holdings (NASDAQ:CODI) Insider Alan Offenberg purchased 2,910 shares of Compass Diversified Holdings stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of $16.70 per share, for a total transaction of $48,597.00. Following the acquisition, the insider now directly owns 115,285 shares of the company’s stock, valued at approximately $1,925,260. Compass Diversified Holdings (NYSE:CODI) ended the last trading day at $17.62. Company weekly volatility is calculated as 3.02% and price to cash ratio as 7.52.Compass Diversified Holdings (NYSE:CODI) showed a positive weekly performance of 5.95%.
Collabrium Japan Acquisition Corporation (NASDAQ:JACQ) on 14 April announced the results of its tender offer to purchase up to 1,218,549 of its ordinary shares at the tender offer price of $10.32619 per share. The tender offer expired at 11:59 p.m., New York City time, on April 23, 2014. Based upon information provided by Continental Stock Transfer & Trust Company, the depositary for the tender offer, as of the expiration of the tender offer, a total of 9 ordinary shares have been validly tendered and not properly withdrawn for a total purchase price of approximately $92.94. Such ordinary shares represent less than 1% of the Company’s issued and outstanding ordinary shares as of April 23, 2014. On last trading day company shares ended up $10.41. Collabrium Japan Acquisition Corp (NASDAQ:JACQ) distance from 50-day simple moving average (SMA50) is 0.55%.