Fortress Investment Group (NYSE: FIG) announced that it has commenced an underwritten public offering to sell 28,280,000 Class A shares, representing limited liability company interests in the Company (the “Class A Shares”). As part of the offering, certain officers and senior employees of the Company, including Fortress principals (collectively, the “selling shareholders”), have agreed to sell 5,077,141 Class A Shares. Fortress and certain selling shareholders have also granted the underwriters a 30-day option to purchase up to 4,242,000 additional Class A Shares. Fortress Investment Group LLC (NYSE:FIG) stock opened at $8.00 in last session, and closed at $7.18, while the day range of FIG stock is $7.81-$8.10.The stock showed a negative weekly performance of -8.65%.
Quintiles Transnational Holdings Inc (NYSE:Q) announced the launch of a secondary public offering of its common stock. Certain shareholders of Quintiles (the “Selling Shareholders”) are offering for sale to the public 15 million shares of Quintiles’ common stock owned by them. The Selling Shareholders will grant to the underwriters of the secondary offering an option to purchase up to 2.25 million shares of additional common stock. Quintiles is not offering any stock in this transaction and will not receive any proceeds from the sale of the shares by the Selling Shareholders in this offering. Quintiles Transnational Holdings Inc (NYSE:Q) stock opened at $51.59, in last session and closed at $51.24, by loosed -2.99%. The 52 week range was $40.10-$55.00. Company’s market capitalization is $6.65 billion.
Mobile TeleSystems OJSC (ADR) (NYSE:MBT), the largest mobile operator in Russia and CIS, Mobile TeleSystems OJSC has Russia as its largest market. However, MTS Ukraine is one of the largest wireless providers in the country with a 39% market share and 22.4 million customers according to the website of Mobile TeleSystems OJSC. What happens to MTS Ukraine will be interesting to see, but my guess is that most of its customers would be Russian speaking or concentrated in the Russian speaking areas of the country because its a Russian company. On Monday, Mobile TeleSystems OJSC fell 7.55% to $15.92 (MBT has a 52 week trading range of $15.06 to $16.25 a share) for a market cap of $15.83 billion plus the stock is down 26.4% since the start of the year, down 24.1% over the past year and up 67.95 over the past five years. Mobile TeleSystems OJSC (ADR) (NYSE:MBT) stock loosed -0.57% and finished the last session at $15.79. The EPS of the stock remained 2.02. Company’s market capitalization is $15.70 billion.
The Williams-Sonoma, Inc. (NYSE:WSM) on Mar. 12 announced that its Board of Directors has authorized a 6% increase in the company’s quarterly cash dividend. The quarterly cash dividend will be increased from $0.31 to $0.33 per common share and is payable on May 28, 2014 to shareholders of record as of the close of business on April 25, 2014. Williams-Sonoma, Inc. (NYSE:WSM) stock opened the session at $63.25, and closed the session at $64.74. The 52 week range of the WSM stock remained $44.31-$65.87 and the day range was $62.50-$65.87.