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Cemex, S.A.B. de C.V. Sponsored (NYSE:CX), a cement producer in Mexico, reported that it is in discussions with creditors in order to refinance its heavy 2014 debt payment schedule, via a proposal to extend maturities by three years. The company currently has approximately $7 billion in bank debt that will due in 2014, under a $15 billion financing agreement from 2009, at a time when sharp declines in earnings made its debt unmanageable. Shares closed up 7.18 percent at $6.12, and have traded in a 52-week range between $2.18 and $8.46.
SuperValu Inc. Common Stock (NYSE:SVU) shares closed up 4.71 percent on the day, at $5.11, having been traded in a 52-week range of $4.05 to $9.71.
Teva Pharmaceutical Industries (NYSE:TEVA) shares closed up 4.5 percent at $39.72, following a favorable ruling for the firm in its patent infringement lawsuit against Momenta Pharmaceuticals (NASDAQ:MNTA), Mylan (NASDAQ:MYL) and Sandoz, a division of Novartis (NYSE:NVS). The stocks have been traded between $35.00 and $49.72 in the past 52 weeks.
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