Tower Group International, Ltd. (NASDAQ:TWGP), and ACP Re, Ltd., Thursday announced that they have entered into an amendment to the merger agreement entered into by them on January 3, 2014. Tower Group International, Ltd. (NASDAQ:TWGP), net profit margin is -48.20% and weekly performance is -13.16%. On last trading day company shares ended up $2.31. Analysts mean target price for the company is $3.00. Tower Group International, Ltd. (NASDAQ:TWGP), distance from 50-day simple moving average (SMA50) is -12.27%.
The Boards of Directors of Valley National Bancorp (“Valley”) VLY -2.87% and 1st United Bancorp Inc (Florida) (NASDAQ:FUBC), announced that the companies have entered into a merger agreement whereby the common shareholders of 1st United will receive 0.89 of a share of Valley common stock for each 1st United share they own, subject to adjustment in the event Valley’s average stock price falls below $8.09 or rises above $12.13 prior to closing. 1st United Bancorp Inc (Florida) (NASDAQ:FUBC), shares advanced 9.30% in last trading session and ended the day on $7.99. FUBC, return on assets is 0.50%. 1st United Bancorp Inc (Florida) (NASDAQ:FUBC), quarterly performance is 10.51%.
API Technologies Corp (NASDAQ:ATNY), major shareholder Steel Excel Inc. bought 74,859 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $2.40 per share, for a total transaction of $179,661.60. API Technologies Corp (NASDAQ:ATNY), shares moved up 6.97% in last trading session and was closed at $2.61, while trading in range of $ 2.41 – 2.70. API Technologies Corp (NASDAQ:ATNY), year to date (YTD) performance is -23.46%.
Synthesis Energy Systems, Inc. (NASDAQ:SYMX), reported financial and operating results for its fiscal 2014 third quarter, ended March 31, 2014. Synthesis Energy Systems, Inc. (NASDAQ:SYMX), ended the last trading day at $1.56. Company weekly volatility is calculated as 12.56% and price to cash ratio as 9.14. Plug Synthesis Energy Systems, Inc. (NASDAQ:SYMX), showed a negative weekly performance of 8.77%.