During Monday’s Morning trade, Shares of California Resources Corp (NYSE:CRC), gained 4.16% to $3.99.
California Resources Corporation, declared the commencement of private offers to exchange (the “Exchange Offers”), upon the terms and conditions set forth in the offering memorandum, dated November 12, 2015, and the related letter of transmittal, up to $1 billion aggregate principal amount (the “Maximum Exchange Amount”) of its outstanding 5.0% Senior Notes due 2020 (the “5% Notes”), 5.5% Senior Notes due 2021 (the “5½% Notes”) and 6.0% Senior Notes due 2024 (the “6% Notes” and together, the “Old Notes”) held by Eligible Holders (as defined below), for newly issued 8.00% Second Lien Notes due 2022.
The Exchange Offers will expire at 11:59 p.m., New York City time, on December 10, 2015, unless extended by CRC (the “Expiration Date”). For each $1,000 principal amount of Old Notes validly tendered and not validly withdrawn preceding to 5:00 p.m., New York City time, on November 25, 2015 (as it may be extended, the “Early Participation Time”), Eligible Holders will be eligible to receive the “Total Exchange Consideration” set forth in the table below, which comprises the “Early Participation Premium” of $50 in principal amount of New Secured Notes per $1,000 of Old Notes.
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in about 2.4 million net acres.
Shares of Angie’s List Inc (NASDAQ:ANGI), declined -2.20% to $9.58, during its current trading session.
Moments ago, Trader’s Choice released new research updates concerning several important developing situations counting the following equities: MFS Multimarket Income Trust (MMT), Vanda Pharmaceuticals Inc (VNDA), Western Asset Emerging Markets Debt Fund Inc (ESD) and Angie’s List Inc (ANGI). Trader’s Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
Highlights from recently’s reports comprise:
On Wednesday, November 11, 2015, Nasdaq ended at 5,067.02 down 0.32%, Dow Jones declined 0.32%, to finish the day at 17,702.22, and the S&P closed at 2,075.00, down 0.32%.
- MFS Multimarket Income Trust’s shares advanced 0.17% to close Wednesday’s session at USD 5.78. The share price vacillated between USD 5.77 and USD 5.80. The fund recorded a trading volume of 0.09 million shares, which was below its 50-day daily average volume of 0.16 million shares and below its 52-week average volume of 0.18 million shares. Over the last three days, MFS Multimarket Income Trust’s shares have declined by 1.70% and in the past one week it has moved down 2.20%. Moreover, in the last six months, the stock has lost 9.40% and year to date, the shares have shed 4.78%. MFS Multimarket Income Trust has a current dividend yield of 9.32%. The fund has a market capitalization of USD 444.2 million and has a total leverage ratio of 16.20%. The last actual NAV of the fund was USD 6.71. MFS Multimarket Income Trust is a diversified closed-end fund that invests at least 80% of its net assets in fixed income securities.
- Vanda Pharmaceuticals Inc’s stock edged higher by 0.10% to close Wednesday’s session at USD 9.72. The company’s shares oscillated between USD 9.61 and USD 9.94. The stock recorded a trading volume of 0.45 million shares, which was below its 50-day daily average volume of 0.89 million shares and below its 52-week average volume of 0.80 million shares. Over the last three days, Vanda Pharmaceuticals Inc’s shares have declined by 0.51% and in the past one week it has moved down 2.85%. Furthermore, over the last three months, the stock has lost 20.00% and in the past six months, the shares have shed 0.10%. Further, the company is trading at a price to earnings ratio of 8.24 and a price to book ratio of 2.85. This compares to a historical PE ratio of 26.03 and the historical PB ratio of 3.69. Additionally, the stock is trading at a price to sales ratio of 4.45.
Angie’s List, Inc. operates a local services marketplace and consumer review site in the United States. The company provides marketplace to research, shop for, and purchase local services for home, health, and automotive service needs.
Finally, Shares of ANADIGICS, Inc. (NASDAQ:ANAD), gained 0.51%, and is now trading at $0.337.
ANADIGICS, declared the Company has reached a definitive agreement and plan of merger (the “Agreement”) with associates of GaAs Labs, LLC (collectively, “GaAs Labs”) and stated financial results for the third quarter of 2015. The Company will be attained for $0.35 per share through a cash tender offer, representing a premium of 38.2% percent based on the average closing price of ANADIGICS’ shares of common stock during the 30-day trading period ended November 11, 2015.
“We are excited to declare the planned transaction with GaAs Labs,” stated Ron Michels, chairman and CEO of ANADIGICS. “We believe it will provide a platform to accelerate innovation and product development in support of revenue growth in our key target markets of CATV, Small Cell, WiFi and optical. GaAs Labs brings a wealth of RF semiconductor industry knowledge and a proven track record of success that we expect will strengthen our ability to provide our customers with a broader portfolio of innovative and valuable product offerings.”
“We are thrilled to add ANADIGICS, an innovator of RF solutions for infrastructure and optical market applications, to our RF semiconductor portfolio,” said John Ocampo, co-founder and president of GaAs Labs. “We look forward to leveraging ANADIGICS’ products and technologies as a platform for growth in an array of exciting communications markets.”
ANADIGICS, Inc. designs, manufactures, and sells radio frequency (RF) semiconductor solutions for infrastructure and mobile communications, and data transmission markets. The company’s product portfolio comprises line amplifiers, reverse path amplifiers, front-end integrated circuits (FEICs), and power amplifiers (PAs).