Orlando, FL -- (SBWIRE) -- 09/16/2013 -- 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 Stratasys, Ltd. (NASDAQ:SSYS), Cemex SAB de CV (ADR) (NYSE:CX).
Stratasys, Ltd. (NASDAQ:SSYS) shares decreased 5.59% to $92.32. The company, on Sept. 13, announcedthat it has priced an underwritten public offering of 4,500,000 of its ordinary shares at a price to the public of $93.00 per ordinary share. Stratasys also granted the underwriters a 30-day option to purchase up to an additional 675,000 of its ordinary shares to cover over-allotments, if any. The net offering proceeds to Stratasys from this offering, assuming no exercise of the underwriters' over-allotment option, are expected to be approximately $402.2 million, after deducting underwriting discounts and commissions and other estimated offering expenses.
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Cemex SAB de CV (ADR) (NYSE:CX) shares gained 0.70% to $11.59. CEMEX (CX) and Concrete Supply Co. on Sept. 9 announce that they have entered into an agreement to form a joint venture company. The joint venture company will be known as Concrete Supply Co., LLC. With a production capacity of 2 million cubic yards, the new joint venture will be a leading concrete producer in North and South Carolina.
The joint venture will be majority owned by Concrete Supply Holdings Co. who will act as the managing member. The transaction is expected to close later this year.
Additionally, the company on August 19 announced that holders of approximately U.S.$1.33 billion of the outstanding 9.50% Senior Secured Notes due 2016 (the “Notes”) issued by CEMEX Finance LLC tendered their Notes at or prior to the early tender deadline of 5:00 p.m., New York City time, on August 16, 2013 (the "Early Tender Date"), pursuant to CEMEX's previously announced cash tender offer to purchase up to U.S.$925 million (the “Maximum Tender Amount”) of the outstanding Notes. The cash tender offer is being made pursuant to the offer to purchase dated August 5, 2013 and the related letter of transmittal.
Is CX going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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