Orlando, FL -- (SBWIRE) -- 10/17/2013 -- 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 Huntington Bancshares Incorporated (NASDAQ:HBAN), SandRidge Energy Inc. (NYSE:SD).
Huntington Bancshares Incorporated (NASDAQ:HBAN) shares gained 2.20% to $8.60. On October 10, 2013, Huntington and Camco Financial Corporation jointly announced the signing of a definitive merger agreement under which Huntington will acquire Camco in a cash and stock transaction. Under the terms of the agreement, Camco shareholders will receive 0.7264 shares of Huntington common stock, or $6.00 in cash, for each share of common stock, subject to proration provisions specified in the merger agreement that provide for a targeted aggregate split of total consideration of 80% common stock and 20% cash. The boards of both companies have unanimously approved the merger agreement. The transaction is expected to close in the first half of 2014.
Additionally, the company expects to report its third quarter earnings on Thursday, October 17, 2013, prior to the market opening. Huntington's senior management will host an earnings conference call the same day at 10:00 a.m. (Eastern Time).
Are investors worried about the recent updates with HBAN? Find out with a free trend analysis HERE
SandRidge Energy Inc. (NYSE:SD) shares climbed 2.83% to $6.55. The company will release its 2013 third quarter financial and operational results after the close of trading on the New York Stock Exchange on Tuesday, November 5, 2013. The company will host a conference call to discuss these results on Wednesday, November 6, 2013 at 8:00am CST.
Additionally, the company on Sept. 30 announced that its Board of Directors has declared a $3.50 per share semi-annual dividend on its shares of 7.0% Convertible Perpetual Preferred Stock that will be paid in cash on November 15, 2013 to holders of record on November 1, 2013. The company has 3,000,000 shares of 7.0% Convertible Perpetual Preferred Stock outstanding.
Is SD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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