Rignet SIGNS 2 Year Extension and 4 Stocks Hitting 52-Week Highs
National Retail Prop’s (NYSE:NNN) dividend will be payable on August 15 to shareholders of record as of July 31. The shares closed at $29.47, up $0.17 or 0.58% on the day. They have traded in a 52-week range of $22.69 to $29.41.
Par Pharmaceutical (NYSE:PRX): Recently, Par Pharmaceutical announced a definitive merger agreement under which it will be acquired by a TPG affiliate in a transaction with an equity totaling $1.9 billion. Beneath the terms of the agreement, Par shareholders will gain $50 cash for each share of Par’s common stock, which is an almost 37 percent premium over the July 12, 2012 closing price, the last full trading day preceding the announcement. The agreement was agreed upon unanimously by the Par’s board. The transaction’s closing is conditioned upon the affirmative vote of the majority of Par’s outstanding shares’ holders, the Hart-Scott-Rodino Antitrust Improvements Act of 1976 clearance, and other normal closing conditions, but the transaction does not face a financing condition. The merger agreement allows Par to solicit superior proposals from third parties until August 24. The shares closed at $50.00, up $13.42 or 36.69% on the day. They have traded in a 52-week range of $24.85 to $42.80.
Rignet (NASDAQ:RNET) has announced a two-year contract extension to keep delivering managed communications for two world-class semi-submersible offshore drilling rigs: Transocean Barents and Transocean Spitsbergen, which are both being used in the Norwegian North Sea. The shares closed at $19.04, up $0.31 or 1.66% on the day. They have traded in a 52-week range of $12.52 to $18.73.
Verizon Communication (NYSE:VZ) may give Vodafone (NASDAQ:VOD) a $4.5 billion dividend, its joint venture with Verizon Communications (NYSE:VZ), according to Bloomberg citing the Sunday Times. Vodafone could pass the money onto investors by a special dividend. The shares closed at $45.27, up $0.06 or 0.13% on the day. They have traded in a 52-week range of $32.28 to $45.29.
Watson Pharmaceutica (NYSE:WPI) has agreed to pay $1.7 million in a legal settlement which should resolve Idaho’s claims regarding the company’s reports concerning average wholesale, states Idaho Attorney General Lawrence Wasden. In 2007, Wasden filed lawsuits against a number of prescription pill manufacturers, including Watson. The lawsuits are an attempt to recover taxpayer money given for excessive prices Idaho Medicaid paid for prescription drugs. The shares closed at $77.14, up $0.38 or 0.5% on the day. They have traded in a 52-week range of $55.00 to $77.73.
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