Orlando, FL -- (SBWIRE) -- 08/19/2013 -- 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 Sirius XM Radio Inc(NASDAQ:SIRI), Synovus Financial Corp. (NYSE:SNV).
Sirius XM Radio Inc(NASDAQ:SIRI) shares increased 0.14% to $3.70. Sirius XM Radio and Dorna Sportstoday on August 15 announced an agreement to make SiriusXM the exclusive North American radio broadcaster of the FIM Road Racing World Championship Grand Prix (MotoGP), marking the national U.S. radio debut of the world's premier motorcycle racing series.
Additionally, Sirius XM Radio and beIN SPORT announced on August 9 that beIN SPORT's live English-language play-by-play of the best soccer leagues in the world - including Spain'sLa Liga, Italy'sSerie A and France'sLigue 1 -- will be available to SiriusXM subscribers nationwide on SiriusXM's dedicated soccer channel, SiriusXM FC, channel 94, and other SiriusXM play-by-play channels.
Moreover, the company on August 1 announced that, on September 3, 2013, it will redeem all of its outstanding 8.75% Senior Notes due 2015 (CUSIP Nos. 82967NAD0 and U82764AB4). As of August 1, 2013, $753,487,000 of the 8.75% Notes remains outstanding. SiriusXM intends to use the proceeds from the issuance of $600,000,000 aggregate principal amount of its 5.75% Notes due 2021 as well as cash on hand to fund the redemption.
Are investors worried about the recent updates with SIRI? Find out with a free trend analysis HERE
Synovus Financial Corp. (NYSE:SNV) stock increased 0.58% to $3.44 in the last trading session. SNV) was downgraded by research analysts at Drexel Hamilton from a “buy” rating to a “hold” rating in a report released on August 15. They currently have a $3.50 price objective on the stock.
Additionally, the company on July 22 announced the commencement of an underwritten public offering of $130 million of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C. Synovus intends to use the net proceeds from the offering together with the proceeds of its recently announced $185 million common stock offering and internally available funds (including a $680 million dividend from its wholly owned subsidiary, Synovus Bank) to fund the redemption of all 967,870 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, issued to the U.S. Treasury through the Capital Purchase Program established under the Troubled Asset Relief Program ("TARP"), for an aggregate purchase price of $967.87 million.
Is SNV going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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