Penn Virginia GP Holdings (PVG) announced that Penn Virginia Resource, an indirect wholly owned subsidiary of Penn Virginia Corporation (PVA), has priced the underwritten public offering of 10 million common units representing limited partner interests at $18.45 per unit. The selling unitholder has also granted the underwriters a 30-day option to purchase up to 1.5 million additional common units to cover over-allotments, if any.
Shares of Penn Virginia GP are trading down more than 6.25%.
SYNNEX Corporation (SNX) posted revenues from continuing operations of $1.94 billion, an increase of 12.5%. Net income from continuing operations for the fiscal first quarter was $23.2 million, or $0.66 per diluted share, exceeding average Wall Street estimates of $0.62.
Despite the report, shares of SYNNEX are down about 5%.
After yesterday's run up in share price for China Cord Blood (CO), today the stock is giving back some of the gains. Shares are currently down about 7.5%.
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