Pompano Beach, FL -- (SBWIRE) -- 09/13/2012 -- Molycorp, Inc. (NYSE:MCP) is currently trading at $12.52, 3.64% higher on a traded volume of 9.48 million shares. Last month, the company announced the closing of its previously announced public offerings of $414 million aggregate principal amount (which includes the exercise by the underwriters in the offering of their $54 million over-allotment option in full) of its 6.00% Convertible Senior Notes due 2017 (the Notes Offering) and 12,000,000 shares of its common stock at a price per share of $10.00 (the Primary Shares Offering).
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Firstmerit Corp (NASDAQ:FMER) plunged 10.78% to $15.31 on a traded volume of 5.90 million shares. The company said it would buy Citizens Republic Bancorp in an all-stock deal, valued at about $952 million, to expand its footprint into Michigan and Wisconsin. Citizens Republic shareholders will receive 1.37 FirstMerit shares for each share they tender to the offering.
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Arch Coal Inc (NYSE:ACI) is up 3.73% to $6.96 on a traded volume of 5.66 million shares. In July 2012, the company announced quarterly cash dividend of $0.03 per share on the company's common stock. The dividend is payable September 14, 2012 to shareholders of record on August 31, 2012.
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Cincinnati Bell Inc. (NYSE:CBB) added 3% to $5.49 on a traded volume of 3.80 million shares. Last month, the company reaffirmed fiscal 2012 guidance and expects revenue of $1.5 billion and adjusted EBITDA of approximately $530 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $1.5 billion and EBITDA of $530 million for fiscal 2012.
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Amarin Corporation plc (ADR)(NASDAQ:AMRN) among the gainers and the stock added 3.60% to $13.80 on a traded volume of 3.47 million shares. The stock had its “buy” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They currently have a $26.00 price target on the stock.
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