Orlando, FL -- (SBWIRE) -- 10/01/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Advanced Semiconductor Engineering (ADR) (NYSE:ASX), KAR Auction Services Inc (NYSE:KAR).
Advanced Semiconductor Engineering (ADR) (NYSE:ASX) shares increased 2.14% and closed at $4.78 in yesterday’s session. The company is principally engaged in the manufacture, assembly, processing, testing and distribution of integrated circuits (ICs). The Company provides IC assembly offerings, such as dual-in-line, plated-through-hole (PTH), flip-chip, ball-grid-array (BGA), chip scale package (CSP), quad and other package offerings; test service offerings, such as front-end engineering testing, wafer probing, final testing of logic, mixed signal and memory semiconductors, and other test-related services; material offerings, such as substrate offerings and others, as well as tray service offerings.
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KAR Auction Services Inc (NYSE:KAR) shares gained 2.14% to $28.21 in the last trading session. The company on Sept. 19 announced the commencement of an underwritten offering of 12.0 million shares of its common stock by existing stockholder KAR Holdings II, LLC (the "LLC"). The LLC is controlled by entities affiliated with Kelso Investment Associates VII, L.P., GS Capital Partners VI, L.P., ValueAct Capital Master Fund, L.P. and Parthenon Investors II, L.P. The Company will not receive any proceeds from the offering. In connection with the offering, the LLC will grant the underwriters an option to purchase up to 1.8 million additional shares. The offering is expected to close and settle on September 24, 2013.
Additionally, the company will begin trading ex-dividend on September 20, 2013. A cash dividend payment of $0.19 per share is scheduled to be paid on October 03, 2013. Shareholders who purchased KAR stock prior to the ex-dividend date are eligible for the cash dividend payment.
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