Eastern Bank Corporation signed a definitive agreement to acquire Wainwright Bank & Trust Company (WAIN) in an all-cash transaction valued at approximately $163 million, the banks announced today.
Under the terms of the transaction, shareholders of Wainwright Bank & Trust Company will be entitled to receive $19.00 in cash in exchange for each share of Wainwright Bank & Trust Company common stock and common stock equivalents outstanding.
Shares of Wainwright are up 94.2% on the news.
Hospira (NYSE:HSP) announced its intention to complete the tender offer by Discus Acquisition Corporation, a wholly owned Hospira subsidiary, for all outstanding shares of the common stock of Javelin Pharmaceuticals (JAV), upon its currently scheduled expiration at 12:00 midnight, New York City time, on June 30, 2010.
Javelin shares are up 58% on the announcement.
Worthington Industries (NYSE:WOR) reported net sales of $626.4 million, and net earnings of $33.1 million, or $0.42 per share, for the fiscal 2010 fourth quarter ended May 31, 2010. In last year’s fourth quarter, the Company reported a net loss of $13.7 million, or $0.17 per share.
After announcing results, shares of Worthington are up 3.3%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Launch related slideshow
Friday 2/3 Insider Buying Report: BLK, GBDC
Thursday 2/2 Insider Buying Report: ETFC, LBAI
Thursday 2/2 Insider Buying Report: FII, SBUX
Daily Market Wrap: February 3, 2012
Earnings Wrap: EL, AON
Daily Market Wrap: February 2, 2012
Analyst Moves: APA, NOV
Analyst Moves: RIMM, ANF
Analyst Moves: AKS, CTL
Friday Sector Leaders: General Contractors & Builders, Home Furnishings & Improvement Stocks
Friday Sector Laggards: Precious Metals, Agriculture & Farm Products
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Shipping Stocks
Friday's ETF with Unusual Volume: VXF
Friday's ETF Movers: EWEM, PSAU
EWJ, KBWB: Big ETF Outflows
Daily Dividend Report: SPG, PEP, ADM, WYNN, PRE
Daily Dividend Report: CME, REG, WTR, ROST, JBHT
Daily Dividend Report: UNP, V, LVS, AGN, PRGO
Jobless Claims Rise in Pre-Holiday Week
Income, Spending and Durable Goods Orders Rise in November
GDP Revised Lower; Jobless Claims Drop
Weekly Market Wrap: February 3, 2012
Weekly Market Wrap: January 27, 2012
Weekly Wrap: January 20, 2012
Weekly Market Wrap: January 30, 2012
Week Ahead Market Report: January 23, 2012
Week Ahead Market Report: January 17, 2012
