Harris Corp. Awarded Contract and 4 Stocks Reaching 52-Week Highs
Fidelity National (NYSE:FNF): Fidelity National Financial (NYSE:FNF) and J. Alexander’s (NASDAQ:JAX) announced the preliminary results of a tender offer through FNF’s indirect, wholly-owned subsidiary, New Athena Merger Sub, for all of J. Alexander’s outstanding common stock. The tender offer and withdrawal rights expired at 5:00 P.M., New York City time, on Wednesday, September 19, 2012. According to the depositary for the tender offer, approximately 4,451,627 shares were validly tendered and not withdrawn as of the expiration time. The purchaser has accepted all shares that were validly tendered but not properly withdrawn and will promptly pay for such shares at the offer price of $14.50 per share, net to the seller in cash, without interest, and not including any required withholding taxes. Their shares closed at $20.34, up $0.25 or 1.24% on the day. They have traded $14.03 to $20.11 in a 52 week range.
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FSI International (NASDAQ:FSII): Gabelli raised their stake in FSI International from 8.56% to 9.77%. Their shares closed at $6.19, they were down $0.01 or 0.16% on the day. FSI traded $1.70 to $6.20 in a 52 week range.
Google Inc. (NASDAQ:GOOG): According to a new estimate by research firm eMarketer, and reported by the Wall Street Journal, Google (NASDAQ:GOOG) is expected to sell more online display ads in the United States than Facebook (NASDAQ:FB) this year. Their shares closed at $728.12, they are up $0.62 or 0.09% on the day. They have traded$480.60 to $728.56 in a 52 week range.
Harris Corp. (NYSE:HRS): Harris has been awarded a seven year, $331 million contract to provide highly reliable air/ground data communications services for a key Federal Aviation Administration program. The contract has ten, one year options that could extend the duration of the program to 2029. Under the Data Communications Integrated Services contract, Harris and their teammates will provide integration and engineering services for the end-to-end DataComm system, including management and delivery of data communications services leveraging commercial air-to-ground digital data link networks to connect FAA air traffic control sites with data communications equipped aircraft. Harris will also establish an outreach initiative to encourage and offer incentives to aircraft operators who equip their planes with DataComm compatible avionics. Their shares closed at $50.70, up $0.1 or 0.2% on the day. They have traded $32.68 to $50.92 in a 52 week range .
Medtronic (NYSE:MDT): Medtronic announced the first patient enrollment in the clinical trial of “Improve Brady”(Registry to Improve the Adoption of Consensus Treatment Guidelines), which will evaluate the impact of physician led improvement initiatives for the diagnosis and treatment of patients with a common abnormal heart rhythm, Sinus Node Dysfunction. During the study, physicians will use evidence based guidelines and recommended therapies to treat under served populations, through standardized healthcare processes and patient education. The prospective, multi-center study will analyze up to 14,850 patients in nine countries, including India, Bangladesh, Mexico, Peru, Argentina, Uruguay, Russia, Hungary and China. Their shares closed at $43.17, they were up $0.34 or 0.79% on the day. They have traded $31.06 to $43.18 in a 52 week range.
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