Kolkata, West Bengal -- (SBWIRE) -- 09/30/2013 -- 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 Brookfield Office Properties Inc (USA) (NYSE:BPO), Advanced Micro Devices, Inc. (NYSE:AMD), BlackBerry Ltd (NASDAQ:BBRY).
Brookfield Office Properties Inc (USA) (NYSE:BPO) shares climbed 13.83% to $19.09. Brookfield Property Partners L.P. (NYSE: BPY) on Sept. 30 announced that it proposes to acquire Brookfield Office Properties Inc. (NYSE: BPO) through a tender offer for "any or all" of the common shares of BPO that it does not currently own for consideration value of $19.34 per common share of BPO. Each BPO shareholder can elect to receive consideration per BPO common share of either 1.0 limited partnership unit of Brookfield Property Partners or $19.34 in cash, subject in each case to pro-ration based on a maximum of 174 million BPY limited partnership units and a maximum cash consideration of $1.7 billion. BPO shareholders who receive limited partnership units will be able to do so on a tax-deferred basis.
Should Investors Buy BPO After Yesterday’s Jump? Find Out Here
Advanced Micro Devices, Inc. (NYSE:AMD) shares declined 1.68% to $3.80. The company announced that it will webcast its quarterly earnings conference call on Thursday, October 17, 2013 at 5:30 p.m. EDT / 2:30 p.m. PDT to discuss the results of its fiscal third quarter ending September 28, 2013.
Moreover, Raptr and AMD on Sept. 25 unveiled the AMD Gaming Evolved App Powered by Raptr, which was designed to make PC gaming as simple to use as consoles. The App will enable AMD users to get the most out of their gaming experience by suggesting customized optimal game settings for their rigs, earn real rewards just for playing games, and have instant access to in-game tools such as broadcasting live video via Twitch, taking screenshots, web browsing, and chat.
How Should Investors Trade AMD After The Recent Volatility? Get Free Trend Analysis Here
BlackBerry Ltd (NASDAQ:BBRY) shares declined 0.56% to $7.99. Canaccord lowered BlackBerry's price target to $7 on Sept. 30 based on sum-of-the parts valuation and the belief the potential sale to Fairfax Financial will be around $7 per share following further due diligence. Shares are Hold rated.
Additionally, the company on Sept. 23 revealed it had entered into an tentative agreement to sell itself to a consortium of investors led by its largest shareholder, Fairfax Financial Holdings Ltd., as part of a deal that would see the once mighty smartphone company taken private. BlackBerry shareholders will receive US$9 in cash per share, valuing the transaction at US$4.7-billion. If the deal meets a series of conditions, the consortium will acquire the outstanding shares of BlackBerry not controlled by Fairfax, while Fairfax intends to contribute its 10% stake into the transaction.
Should Investors Buy BBRY After Yesterday’s Jump? Find Out Here
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