- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Smith & Wesson Holding Corporation (NASDAQ:SWHC): Smith & Wesson upgraded to Outperform from Neutral at Cowen. Cowen upgraded Smith & Wesson based on improved execution and share gains. Shares of Smith & Wesson Holding Corporation are trading 19.97% higher today.
Quest Software, Inc. (NASDAQ:QSFT): Quest Software announced that it had entered into definitive agreements with affiliates of Insight Venture Partners, under which stockholders not affiliated with the buyout group would receive $23.00 per share in cash, valuing the Company at approximately $2B. The shares of Chairman and CEO Vinny Smith, who will continue to lead the Company after the closing of the proposed transaction, will be rolled over into the surviving privately owned entity. The purchase price represents a 19% premium to the closing price on March 8, 2012. The proposed merger with an affiliate of Insight was negotiated and unanimously recommended to the Board by a Special Committee of the Company’s Board of Directors, which comprised three independent and disinterested directors. Upon closing, Quest expects to become a privately held company and will continue to be led by Vinny Smith and the existing senior management team. The Company plans to maintain its headquarters in California. Shares of Quest Software, Inc. are trading 23.35% higher today.
Coffee Holding Co., Inc. (NASDAQ:JVA): Coffee Holding reported Q1 EPS 24c versus consensus 24c. The company reported Q1 revenue $56.6M versus consensus $43M. Shares of Coffee Holding Co., Inc. are trading 31.85% higher today.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Derek Hoffman at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.