RBS to Compensate Patrons and 4 Stocks Hitting 52-Week Highs
NVR (NYSE:NVR) indicated that the present authorization is a continuation of the stock buyback program that was initiated in 1994, and is thus consistent with the firm’s strategy of maximizing shareholder value. Shares closed up 1.93 percent on the day at $956.62, and have been traded in a 52-week range of $649.90 to $940.00.
The Royal Bank Scotland Group (NYSE:RBS) and Nat West, which is the bank’s offshoot, will compensate around 300,000 bank patrons that forgot to take their money from the ATM by £10 million, according to The Telegraph. Shares closed up 3.78 percent on the day at $10.16, having traded in a 52-week range of $5.99 to $9.83.
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Team Health Holdings (NYSE:TMH) said that the continued growth in its Alabama operations is through a purchase of the practice of Mobile Emergency Group, which is the physician group that currently supplies services to the emergency departments of Mobile Infirmary Medical Center in Mobile, and North Baldwin Infirmary in Bay Minette. Both hospitals form part of Mobile-based Infirmary Health System. On December 15th, TeamHealth began staffing and administrative services for these emergency departments that care for about 57,000 patients yearly. Shares closed up 1.9 percent on the day at $29.98, and have been traded in a 52-week range of $19.73 to $30.00.
The Shaw Group (NYSE:SHAW) urged its shareholders to vote on the definitive merger agreement with Chicago Bridge & Iron Company (NYSE:CBI) to purchase Shaw. The latter’s shareholders of record at the close on Nov. 30th, will be eligible to vote on the proposal. Shaw shareholders will receive around $46 per share in cash and stock, marking a 72 percent premium to the price of shares at the close on July 27th, which was the last trading day before the merger agreement was reported. The special meeting will be held Dec. 21st, at 9 a.m. Shares closed up 0.84 percent on the day at $45.88, having been traded in a 52-week range of $21.98 to $45.85.
State Street Corporation (NYSE:STT) is out of the bidding for the European ETF business of Credit Suisse (NYSE:CS), which is still being examined by BlackRock (NYSE:BLK), say sources to Reuters, who added that it could not be determined if the latter is competing with other bidders. Shares closed up 1.16 percent on the day at $46.97, and have been traded in a 52-week range of $38.21 to $47.20.
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