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New York, NY -- (SBWIRE) -- 03/07/2013 -- Asset Acceptance (NASDAQ:AACC) relating to the proposed acquisition of the Company by Encore Capital Group, Inc. (“Encore”). The firm’s investigation seeks to determine, among other things, whether Asset Acceptance’s board of directors breached their fiduciary duties by failing to maximize shareholder value.
As stated in the press release announcing the proposed acquisition, Encore will acquire Asset Acceptance for $6.50 per share, which represents a total equity value of approximately $200 million. Asset Acceptance shareholders will have the option to receive their consideration in cash or Encore stock or any combination of cash and Encore stock, at their election, with the aggregate stock consideration across all stockholders capped at 25 percent of the total equity consideration to be received. According to Yahoo! Finance, the high analyst price target is $8.00 per Asset Acceptance share.
How Should Investors React To AACC Now? Find Out Here
Tanzanian Royalty (AMEX:TRX) is -0.08 - -2.14% from the previous close of $3.73. It traded between $3.63 - 3.69 with total traded volume of 44149 shares. Keep a close eye on the TRX, as the stock has been showing unusual moves over the past weeks. At Current market price, TRX has recovered +21.67% from its 52-week Low of 3.00 and has Pulled back -31.65% from its 52-week high of 5.34.
How Should Investors Trade TRX After The Solid Jump? Let’s Find Out Here
Alpha Natural Resources, Inc. (NYSE:ANR)’s shares had an optimistic session as the stock soared about 10%, trimming its YTD to -13%. The stock gained momentum along with the broader coal sector with Market Vectors-Coal ETF rose over 1%. The entire coal sector has been struggling to rebound over the past year amid demand-supply mismatch. Moreover, the sector has been very volatile as investors are uncertain about prospects of the coal demand. The sector is very much sensitive to the growth in the economy. Once we see a progress in the global economy, the sector may see a rebound.
Is ANR a Strong Buy After Yesterday’s Rebound? Find Out Here
Petroleo Brasileiro Petrobras S.A. (ADR) (PBR +5.22% ): By the end of trading session, Petroleo Brasileiro Petrobras S.A. (ADR) PBR +5.22% shares soared 15.11% (or US$2.19) to US$16.68 with more than 59.83 million shares traded, compared to its average volume of 17.92 million shares. By announcing its diesel price will increase 5%, the Brazilian oil and gas company was traded in heavy volume. Observing comprehensive analysis of Petroleo Brasileiro Petrobras S.A. could help investors avoid big lost in investment.
Check PBR earnings forecast report below.
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