UAL Corporation (UAUA), the parent company of United Airlines, has announced the issue of $810 million notes to pay off existing debt. The $810 million in pass-through securities raised consists of $697 million of Class A certificates with a coupon interest rate of 9.75% expiring in Jan. 2017 and $113 million of Class B certificates with an interest rate of 12.0% expiring in Jan. 2016. A pass-through security is a fixed-income certificate against certain mortgage-backed securities, generally aircraft. Of the total proceeds raised from the offering, $493 million will be used to pay off equipment trust certificates issued from 2000 to 2002, while the remaining of the funds will be used for general corporate purposes. J.P. Morgan (JPM), Morgan Stanley & Co. (MS), Goldman Sachs & Co. (GS) are acting as joint book-running managers for the issue. In addition to the drop-off in ...

IMS Health (RX) recently agreed to its acquisition by investment funds managed by TPG Capital (TPG) and the Canada Pension Plan Investment Board (CPPIB) for a total value of $5.2 billion.

The Board of Directors approved the decision based on the Transaction Committee recommendation, which was set up to review IMS’ strategic alternatives. Following the agreement, IMS shareholders will receive $22 cash for each share of IMS stock they own. The transaction is likely to be completed by the first quarter of 2010.

The transaction will be financed by a combination of equity to be invested by TPG and CPPIB and debt financing to be provided by Goldman Sachs & Co., including its principal loan and mezzanine funds.

Earlier, in October, IMS announced that it is exploring several strategic alternatives. While details were not provided, we believed that the company was seeking a buyer. During the third quarterly results, IMS recorded a

...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Thursday November 5, 2009

DrStockPick.com Stock Report!

**************************************************************

Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership of

...

UAL Corp. (UAL), the parent company of United Airlines, has announced a new public offering of $19 million common stock and $175 million convertible senior notes due 2029. The issue has been made in an attempt to raise cash for operations for the coming winter season when demand for air travel remains subdued. The company is bolstering its liquidity by taking advantage of the sentiment that fundamentals in airline industry have improved. In the public offering, UAL Corp. intends to grant its underwriters an option to acquire an added 2.85 million shares. The company has given the underwriters an option of nearly $26.3 million in additional convertible senior notes. Proceeds from the stock and debt offers would be used for general purposes. J.P. Morgan  (JPM) Morgan Stanley (MS) and Goldman Sachs & Co. (GS) are acting as joint book-running managers of both offerings....

Dr Stock Pick HOT News & Alerts!

_________________________________________

FREE Daily Stock Alerts From DrStockPick.com

_________________________________________

Friday September 25, 2009

DrStockPick.com Stock Report!

CVAT, POT, MOS

**************************************************************

CVAT, Cavitation Technologies Inc, CVAT.OB

CVAT is a “Green-Tech” company, established in 2006 to become a world leader in the development of new cutting edge technologies for the, vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, petroleum, food and beverage, chemical industries.

CVAT announced that Biocombustibles y Energias Alternativas (ALS) has entered into a long-term agreement with CTI (Cavitation Technologies Inc) to develop projects in Argentina and throughout Latin America. ALS (www.alsbio.com), partnering with DOW Chemical (www.dow.com), has identified several projects where CTI technology can greatly improve process yields

...

Last Friday Huntington Bancshares Incorporated (HBAN) has commenced a public offering of $400 million worth of common shares to strengthen its common equity position. The company has priced 95.2 million shares of its common stock at $4.20 per share. Additionally the underwriters will have a 30-day option to purchase up to an additional 14.3 million shares of common stock from the company. The book-running manager for the offering is Goldman Sachs & Co. (GS) while Sandler O'Neill & Partners L.P. is acting as co-manager. The company has also completed its discretionary equity issuance program launched Sep 9, 2009 in which it issued 35.7 million shares worth $150 million at an average price of $4.20 each. Huntington has implemented several capital bolstering initiatives in the recent past. The company has successfully raised $675 million in regulatory common equity, ...

Genworth Financial Inc. (GNW) priced its public offering of 48 million shares of its Class A Common Stock at $11.75 each. The underwriters have the option to purchase up to 15% of the offering from Genworth if they underwriters sell more than 48 million shares. The company intends to use the net proceeds for general corporate purposes.   The joint book runners for this offering are Goldman Sachs & Co. (GS), Bank of America (BAC) and Deutsche Bank Securities, a part of Deutsche Bank (DB).   The challenging market conditions combined with slowing global economies have influenced investment and spending decisions in the past few quarters as both consumers and businesses modulate their risk profiles in response. This has resulted in the slowdown of mortgage originations and consumer lending. Genworth experienced an elevated incidence of claims in its U.S. and international mortgage and lifestyle protection ...

PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Tuesday August 18, 2009

PennyOmega.com Stock Report!

**************************************************************

Lazard Ltd (NYSE:LAZ) announced today that Tom Tuft, one of the leading bankers in equity capital markets, will join Lazard as Chairman, Global Capital Markets Advisory, and a Vice Chairman, US Investment Banking in November. Mr. Tuft, based in New York, will join Lazard from Goldman Sachs & Co., where he most recently served as Chairman of its Equity Capital Markets group.

UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust (REIT), today announced that it has extended the early tender deadline in respect of its previously announced cash tender offer and consent solicitation (the “Offer”) for its

...

PennyOmega.com Short Highlights Before the Bell!

PennyOmega.com Short Highlights Before The Bell!

PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Friday August 7, 2009

**************************************************************

Volcano Corporation (Nadsaq: VOLC), a leader in the development, manufacturing and sales of products for the diagnosis and treatment of coronary and peripheral artery disease, said today that it will be participating in the Canaccord Adams 29th Annual Global Growth Conference on Thursday, August 13.

K-Sea Transportation Partners L.P. (NYSE: KSP) announced today that it has priced its previously announced public offering of 2.9 million common units representing limited partner interests at a price to the public of $19.15 per common unit. The offering is scheduled

...

DrStockPick.com Stock Report!

Thursday August 6, 2009

**************************************************************

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

...