Orlando, FL -- (SBWIRE) -- 08/30/2013 -- 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 Windstream Corporation (NASDAQ:WIN), Flextronics International Ltd. (NASDAQ:FLEX).
Windstream Corporation (NASDAQ:WIN) shares fell 0.44% to $8.01. The company on August 26 announced that it has successfully completed its previously announced private offering of $500 million aggregate principal amount of 7.75% senior unsecured notes due October 1, 2021.
Windstream intends to use the net proceeds of the offering to pay the consideration for the tender offer and consent solicitation announced by Windstream on August 12, 2013 to purchase for cash any and all of its outstanding $500 million aggregate principal amount of 7.0% Senior Notes due 2019 (the "Notes"), together with related fees and expenses. Windstream intends to use the remaining net proceeds of the notes offering to redeem all of the remaining outstanding Notes.
Additionally, PINNACLE, a Windstream company offering IT service lifecycle management software, announced on August 12 that it is now listed on the U.S. General Services Administration (GSA) IT Schedule 70. The Schedule 70 is a list of vendors GSA has pre-authorized to provide federal agencies with information technology equipment, software, and services.
Are investors worried about the recent updates with WIN? Find out with a free trend analysis HERE
Flextronics International Ltd. (NASDAQ:FLEX) shares gained 1.46% to $9.03. The company on August 28 announced that they have entered into a definitive agreement whereby Flextronics will acquire RIWISA. Upon completion, Flextronics will acquire RIWISA's state-of-the-art manufacturing facilities and highly-experienced employees in medical, consumer packaging and industrial products, which will broaden its precision injection molding and high-speed automation offerings.
Additionally, the company on August 29 announced the expiration of its previously announced exchange offers to exchange up to $500 million aggregate principal amount of its outstanding, unregistered 4.625% Notes due 2020 for an equivalent amount of 4.625% Notes due 2020 which have been registered under the Securities Act of 1933 and up to $500 million aggregate principal amount of its outstanding, unregistered 5.000% Notes due 2023 for an equivalent amount of registered 5.000% Notes due 2023 which have been registered under the Securities Act of 1933.
Is FLEX going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)