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Friday October 9, 2009

DrStockPick.com Stock Report!

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Danvers Bancorp, Inc. (NASDAQ: DNBK) announced that at a special meeting of its stockholders held on October 9, 2009, Danvers stockholders voted to approve the Agreement and Plan of Merger by and between Danvers and Beverly National Corporation (NYSE Amex: BNV), dated as of June 16, 2009, pursuant to which Beverly National Corporation will merge with and into Danvers.

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NYSE: VLY) announced today that DBRS, a globally recognized provider

Today, Spire Corporation announced that it has entered into two contracts to supply South Korea-based company Uni-CHEM Co., Ltd. with a 60 megawatt (MW) per year turnkey Cell Line and a 50MW per year turnkey Module Line. The contract also includes associated utilities and infrastructure support. The company projects that the Uni-CHEM integrated Cell and Module Lines will become operational in 2010.

Uni-CHEM has agreed to form a US entity, which will purchase 51% of Spire Solar Systems, Spire Corporation’s system integration business. Definitive agreements have not yet to be finalized. Additionally, Uni-CHEM indicated its intent to lease space at the Spire Semiconductor facility in Hudson, New Hampshire to house the automated Cell and Module lines. The companies are currently negotiating the terms of the sublease.

Roger G. Little, Chairman and CEO of Spire Corporation, commented, “We are excited to have finalized the cell and module turnkey manufacturing agreements with Uni-CHEM.