Lakeway, TX -- (SBWIRE) -- 10/09/2013 -- Bestdamnpennystocks, 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:-
ReneSola Ltd. (ADR) (NYSE:SOL) shares gained 1.79% to $5.13. The company on Sept. 17 announced that it has closed its previously announced $70 million securities offering. The net proceeds received by the Company are intended to be used for polysilicon production optimization and as working capital for general corporate purposes. The securities were offered by ReneSola pursuant to a shelf registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission (the "SEC").
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EXCO Resources Inc (NYSE:XCO) shares declined 1.63% to $6.63. The company on Sept. 10 announced BG Group plc ("BG Group") has elected not to acquire 50% of the recently acquired producing and undeveloped oil and gas assets in the Haynesville shale formation ("Haynesville"). EXCO closed the acquisition of the Haynesville assets on July 12, 2013 for a purchase price of $288 million, after customary preliminary purchase price adjustments. These assets were subject to BG Group's right to acquire a 50% interest, which was formally offered to BG Group on July 13, 2013.
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PHH Corporation (NYSE:PHH) shares gained 5.62% to $25.92. The company on Oct. 7 said it is exploring splitting up its mortgage and auto fleet leasing businesses, and selling each of the units, three people familiar with the situation told Reuters. The Sparks, Maryland-based company has been discussing selling its businesses in two parts for the past several months, according to the sources, who wished to remain anonymous because discussions are confidential.
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