Three different legal practitioners started investigating the claims against Georgia Gulf Corporation’s BODs for possible violations of law linked with the rejection of acquisition proposal from Westlake Chemical Corporation.
The lawyers at Block Leviton LLP, Levi Korsinsky and Tripp Levy PLLC are involved in scrutinizing the offer of Westlake, which already owns 4.8% of the Georgia Gulf, to purchase all common shares of the maker of chemical and plastic products for $30 per share.
Georgia Gulf Corporation (NYSE:GGC) started last trading at an opening price of $33.00 and during the session hit at $33.75 but when closing bell rang the stock finally advanced 34.52% to $32.93.
GGC traded with a volume of 8.25 million shares, higher from average volume of 440,217.00 shares. The week-performance of the company after last close appeared at +53.31%, 1 year performance moved at +21.92%, and year-to-date performance appeared positive with +68.96% while a month-performance after last trade went up at +77.90%.
Synutra International, Inc. recently announced its baby formula products are meeting all safety standards of the government. This result was concluded after the People’s Government of Duchang County in Jiangxi Province performed tests for a Chinese baby formula maker’s product.
These tests were conducted following an incident of Jiangxi twins but later the government found that the death of four-month-old Jiang Jian and the sickness of his sister Jiang Yunxin were not caused by food poisoning or related to food.
Synutra International, Inc. (NASDAQ:SYUT) commenced last trading with a price of $4.48 and rallied up to $4.94 during the day but finished the trade at $4.37 with a gain of 3.07%.
Shares price of SYUT is ahead its 52 week low with 12.05% and logging behind from its 52 week high price with -66.89%. SYUT stock price volatility for a week moved about 12.57%. In share capital SYUT has 57.30 million outstanding shares among them 21.30 million shares have been floated in market exchange. SYUT stock institutional ownership remained 14.48% while insider ownership included 62.83%.
Board of Directors of CVR Energy, Inc. on Friday implemented a Shareholders Rights Plan that will dilute shares of the refining company, to protect against inadequate or coercive takeover attempts, when any trader increases ownership of the company above 15% without getting an approval from the board.
Shares price of the Sugar Land, Texas- based company showed a rally after issuing a statement that entities connected with billionaire Carl Icahn invested in the company.
CVR Energy, Inc. (NYSE:CVI) began the last trading session with a price of $22.31 and throughout the session climbed at a high of $24.32 but when day-trade ended the stock finally advanced 3.60% to $23.05.
The liquidity measure in recent quarter results of the company was recorded +4.48 as current ratio and on the other side the debt to equity ratio was -0.55 while long-term debt to equity ratio remained -0.55. CVI had a cash of $10.38 per share and a book value per share as $12.51 in the most recent quarter.
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