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Friday August 7, 2009
Tessera Technologies, Inc. (Nasdaq: TSRA) today announced that arbitration involving Amkor Technologies has begun. The arbitration process will allow Tessera to address Amkor’s breach of its license agreement with Tessera. Tessera previously notified Amkor of Amkor’s noncompliance with the parties’ agreement, and had recently stated that legal proceedings involving Amkor were likely.
The board of directors of Illinois Tool Works Inc. (NYSE: ITW) today declared a regular quarterly cash dividend of $0.31 cents per share or $1.24 per share on an annual basis. This new dividend payout is consistent with the 2008-2009 dividend payout.
Star Bulk Carriers Corp. (NASDAQ: SBLK), a global shipping company focusing on transportation of dry bulk cargoes, today announced that it will release its results for the second quarter and six months ended June 30, 2009, after the market closes in New York on Wednesday, August 12, 2009. StarBulk’s management team will host a conference call to discuss the Company’s financial results on Thursday, August 13, 2009, at 9:30 a.m., Eastern Daylight Time (EDT).
NTELOS Holdings Corp. (NASDAQ:NTLS), a leading provider of wireless and wireline communications services (branded as NTELOS) in Virginia and West Virginia, announced today the closing of the refinancing of the existing first lien term loan of its wholly-owned subsidiary, NTELOS Inc. In connection with the refinancing, NTELOS Inc. entered into a new $635 million first lien term loan maturing August 7, 2015, together with a $35 million revolving credit facility ! maturing August 7, 2014. NTELOS Inc. used proceeds of the new first lien term loan to pay off its outstanding $603 million first lien term loan and to pay closing costs and other expenses related to the transaction, including unwinding its interest rate swap agreement, with the remaining proceeds of approximately $4 million available for general corporate purposes. Pricing on the new first lien term loan was set at LIBOR plus 3.75% with a LIBOR minimum of 2%, and sold at $99 per $100 of principal amount.
Annaly Capital Management, Inc. (NYSE: NLY) released its monthly commentary for July. Annaly expresses its thoughts and opinions on issues and events in the financial markets through its commentary set forth below and through its blog, Annaly Salvos on the Markets and the Economy (Annaly Salvos). Please visit the Resource Center of our website (www.annaly.com), to see the complete commentary with charts and graphs and to visit our blog.
Schering-Plough Corporation (NYSE: SGP) announced the voting results of a special shareholders meeting today regarding the proposed merger with Merck & Co., Inc. More than 99 percent of votes cast voted to approve the merger agreement, with more than 78 percent of common shares voting.
Source: E-Gate System from Alphatrade.com
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