Equinix, Inc., provider of global data center services, reported yesterday that it has reached a definitive agreement to acquire Switch & Data Facilities Company, Inc. (NASDAQ: SDXC), a leading provider of data center and Internet exchange services, for approximately $689 million in cash and stock. The acquisition represents a significant market expansion for Equinix and will expand the company’s market presence by adding 16 new markets across North America, including additional 34 data centers in 22 markets in the U.S. and Canada.

The combination of the two companies will further strengthen Equinix’s position in the global data center services market by extending the company’s presence to 16 new markets across North America. Equinix will integrate Switch and Data’s data center business and operations in the U.S. and Canada. It will also increase the Global presence of Equinix leaving the new combined entity with 79 data centers in 34 markets and more

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Following the closure of its initial public offering (IPO), RailAmerica has started trading under the ticker symbol “RA" on New York Stock Exchange since Tuesday.   RailAmerica, which filed for IPO in late July, had offered 10.5 million primary shares and 11.5 million secondary shares priced at $15 per share last week. It had expected them to price for between $16 and $18. The company intends to use the proceeds of $144 million from issuing 10.5 million primary shares for paying off debt and other corporate purposes.   The shares, which started trading on Tuesday, fell by approximately 8.2%. A number of private equity companies that unloaded their portfolio companies recently have realized gains less than expected.   Rail America is a portfolio company that was bought by Fortress Investment Group in February 2007 for $640 million. Fortress still retains 55.8% of the stock after the IPO. It has ...

Boston Properties Inc. (BXP), a real estate investment trust (REIT), has recently raised net proceeds of approximately $694 million by selling 5.875% senior unsecured notes due 2019.

The debt offering was managed by Bank of America Securities LLC, the investment banking arm of Bank of America Corp. (BAC), Citigroup Global Markets Inc., the brokerage and securities arm of Citigroup Inc. (C) and Deutsche Bank Securities Inc., the U.S. investment banking and securities arm of the German banking colossus Deutsche Bank AG (DB).

The senior unsecured notes were priced at 99.931% of the principal amount to yield 5.884% to maturity. Boston Properties plan to utilize the proceeds to reduce its huge debt. At the end of the second quarter, the company had about $6 billion in debt maturing by 2015.

Boston Properties develops, redevelops, acquires, manages, operates, and owns a diverse portfolio of Class A office, industrial, and hotel properties

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For Immediate Release

Chicago, IL – October 9, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ciena Corporation (CIEN), Nortel Networks (NRTLQ), Ericsson (ERIC), Nokia (NOK) and Siemens (SI).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Thursday’s Analyst Blog:

Ciena Takes Over Nortel Unit

Yesterday, telecommunications and network equipment company Ciena Corporation (CIEN) announced the acquisition of substantially all of the optical networking and carrier Ethernet assets of its rival Nortel Networks’ (NRTLQ) Metro Ethernet Networks (MEN) division, for a total of $521 million ($390 million in

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Yesterday, telecommunications and network equipment company Ciena Corporation (CIEN) announced the acquisition of substantially all of the optical networking and carrier Ethernet assets of its rival Nortel Networks’ (NT) Metro Ethernet Networks (MEN) division, for a total of $521 million ($390 million in cash and 10 million in shares worth $131 million based on the Oct. 6 market price). Ciena will take over Nortel’s long-haul optical transport portfolio, metro optical Ethernet switching and transport solutions, Ethernet transport, aggregation and switching technology, multiservice SONET/SDH product families and network management software products. Moreover, Ciena expects to incur integration-related costs of approximately $180 million, the majority of which will be paid in 2010 and expects the transaction to be significantly accretive in fiscal 2011. Nortel had filed for bankruptcy protection back in January in Canada, and has since then planned to sell off its assets. Nortel had ...

Deutsche Bank Securities Inc., the New York unit of Germany's Deutsche Bank AG (DB), has a $42 million unsecured claim against mortgage lender Taylor, Bean & Whitaker Mortgage Corp. Taylor Bean filed for Chapter 11 bankruptcy protection on August 24 as it was forced to shut its mortgage lending operations on August 5. The filing in the U.S. Bankruptcy Court listed the claim as disputed and ranked it as the largest unsecured claim against Taylor Bean. Taylor Bean said the claim was related to Ocala Funding, an entity set up by Taylor Bean to borrow money for short periods to fund home loans. The filing also listed a $9 million claim from James G. Hicks of Lawrenceville related to money owed for the acquisition of a mortgage company made by Taylor Bean. The company said approximately 100 Taylor Bean bank accounts were frozen by Colonial ...

DrStockPick.com Stock Report!

Thursday August 6, 2009

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PACCAR’s (Nasdaq:PCAR) Corporate office and its Kenworth Truck Company manufacturing facility in Renton were recently named as leaders in King County, Washington’s 2009 Best Workplaces for Recyclers. “PACCAR is honored to receive this prestigious environmental award,” said Richard Bangert, PACCAR vice president. “PACCAR is a global environmental leader and is committed to waste reduction, the conservation of natural resources and the ongoing protection of the environment. This award recognizes the diligent efforts of our employees to reduce, reuse and recycle. PACCAR’s recycling program is an important facet in its comprehensive environmental framework.” Several PACCAR commercial vehicle facilities have achieved “zero waste to landfill,” which has enhanced

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For Immediate Release

Chicago, IL – August 6, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Freddie Mac (FRE), J.P. Morgan Chase (JPM), Barclays Capital, Inc. (BCS), Deutsche Bank Securities, Inc. (DB) and International Business Machines (IBM).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Wednesday’s Analyst Blog:

Freddie Mac Issues 3-yr Notes

Freddie Mac (FRE) announced its plans to issue a new series of 3-year Reference Notes that will be due September 21, 2012. The issue will be priced today and will settle tomorrow at a benchmark size.

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Freddie Mac (FRE) announced its plans to issue a new series of 3-year Reference Notes that will be due September 21, 2012. The issue will be priced today and will settle tomorrow at a benchmark size. The company refrained from disclosing the size of the issue.

J.P. Morgan Chase (JPM), Barclays Capital, Inc. (BCS) and Deutsche Bank Securities, Inc. (DB) have been appointed as dealers and managers to the sale. The company also plans to apply to list the security on the Euro MTF market of the Luxembourg Stock Exchange.

Freddie Mac has been among the hardest hit financial firms by the housing slump, credit crisis and ongoing recession. We do foresee the current expansion of the Home Affordable Refinance Program (HARP) to bring down losses from foreclosures in the upcoming quarters.

However, we expect the government conservatorship to continue for a long time and thus see no value

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Friday July 24, 2009

PennyOmega.com Stock Report!

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Tollgrade Communications, Inc. (Nasdaq: TLGD) today announced that PROXY Governance, Inc., one of the nation’s leading independent proxy advisory services, has issued a recommendation to its clients that shareholders withhold their votes for Scott C. Chandler who was nominated by Ramius LLC for election to Tollgrade’s Board of Directors at the Company’s Annual Meeting of Shareholders to be held on August 5, 2009. The governance firm’s clients include institutional investors, mutual funds, pension funds and other fiduciaries.

CytRx Corporation (NASDAQ: CYTR), a biopharmaceutical research and development company engaged in the development of high-value human therapeutics, today announced that its lead

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