Penn Virginia GP Holdings (NYSE:PVG) announced that Penn Virginia Resource, an indirect wholly owned subsidiary of Penn Virginia Corporation (NYSE: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 (NYSE: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 (NYSE:CO), today the stock is giving back some of the gains. Shares are currently down about 7.5%.
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