Kolkata, West Bengal -- (SBWIRE) -- 09/26/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Vodafone Group Plc (ADR)(NASDAQ:VOD), Intel Corporation (NASDAQ:INTC), Cemex SAB de CV (ADR) (NYSE:CX).
Vodafone Group Plc (ADR)(NASDAQ:VOD) shares gained 0.99% to $34.77. The company on Sept. 20 received approval from European antitrust authorities for its proposed takeover bid of 7.7 billion euros, or $10.4 billion, for the German cable company Kabel Deutschland.
The approval from the competition authorities was the final hurdle for Vodafone, which recently sold its stake in Verizon Wireless to its American partner, Verizon Communications, for $130 billion, to acquire Germany’s largest cable operator.
Should Investors Buy VOD After Yesterday’s Jump? Find Out Here
Intel Corporation (NASDAQ:INTC) shares declined 0.02% to $23.70. The company’s 's board of directors has declared a quarterly dividend of 22.5 cents per share (90 cents per share on an annual basis) on the company's common stock. The dividend will be payable on Dec. 1, 2013, to stockholders of record on Nov. 7, 2013.
Additionally, INTC is utilizing its manufacturing expertise to make MPUs that are lower powered, more efficient and involve lesser cost than the alternatives. Analysts Mark Lipacis and Sundeep Bajikar from Jefferies believe that, with the new area of focus, Intel could gain market shares in the sub $500 tablets, 2-in-1 PCs and handsets.
Owing to such reasons, analysts have upgraded Intel to Buy from Hold and have raised the price target from $27 to $30. Separately, ISI Group analyst Sumit Dhanda reiterated a Buy rating and $26.00 price target on Intel Corporation on Sept. 12.
How Should Investors Trade INTC After The Recent Volatility? Get Free Trend Analysis Here
Cemex SAB de CV (ADR) (NYSE:CX) shares gained 0.26% to $11.40. The company on Sept. 25 announced its intention to offer senior secured notes in one or more series (the “New Notes”) denominated in U.S. dollars, subject to market and other conditions.
CEMEX intends to use the net proceeds from the offering to purchase any or all of the outstanding 9.50% Senior Secured Notes due 2016 (the “2016 Notes”), issued by CEMEX Finance LLC, and the remainder, if any, for general corporate purposes, including to repay at maturity the 4.75% Notes due 2014, issued by CEMEX Finance Europe B.V., and/or to repay its other indebtedness. CEMEX currently expects to purchase the 2016 Notes at a price of approximately U.S.$1,062.5 for each U.S.$1,000 of 2016 Notes plus accrued interest.
Should Investors Buy CX After Yesterday’s Jump? Find Out Here
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