Dallas, TX -- (SBWIRE) -- 03/20/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) shares dropped 4.18% and closed at $30.04. The company, on Mar. 19, provided an update highlighting activity on the Gulf of Mexico shelf and onshore Louisiana. The company has entered into an agreement with Apache Corp. to explore for oil and gas pay sands associated with salt dome structures on the central Gulf of Mexico shelf. The area of mutual interest (AMI) includes several salt domes within a 135 block area. In addition, Energy XXI has acquired a 25 percent working interest in 21 non-producing primary-term leases with Apache.
How Should Investors Trade EXXI After The Recent Price movement? Find out Here
SUPERVALU INC. (NYSE:SVU) shares decreased 3.87% to $4.22. Symphony Investors LLC ("Symphony") confirmed on Mar. 19 that Symphony's tender offer for up to 30% of the shares of common stock (the "Shares") of SUPERVALU Inc. outstanding as of immediately prior to 5:00 p.m., New York City time, on March 20, 2013 (the "Expiration Time") at a purchase price of $4.00 per share, net to the seller in cash, without interest and subject to any applicable withholding tax, will expire at the Expiration Time, unless further extended in accordance with the terms of the tender offer agreement (the "Tender Offer Agreement") between Symphony, the Company and Cerberus Capital Management, L.P., the managing member of Symphony ("Cerberus"). Symphony does not currently expect to extend the tender offer beyond its current expiration time.
Is SVU a Strong Buying Opportunity After The Recent Slump? Find out Here
Great Lakes Dredge & Dock Corporation(NASDAQ:GLDD) shares declined 3.17% to $7.01. The company, on Mar. 14, reported fourth-quarter net income of $302 thousand or $0.01 per share, compared to $6.8 million or $0.12 per share in the comparable quarter last year. Analysts expected the company to report earnings of $0.19 per share for the quarter. Contract revenues for the quarter rose to $207.09 million from $158.57 million in the prior year quarter, while analysts had consensus revenue estimate of $193.28 million for the quarter.
Is GLDD a Buy After The Latest Price Action? Find Out Here
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