Boston, MA -- (SBWIRE) -- 09/09/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Kaydon Corporation (NYSE:KDN), Matador Resources Co (NYSE:MTDR), Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), SUPERVALU INC.(NYSE:SVU)
Kaydon Corporation (NYSE:KDN) shares dropped 0.14% and closed at $35.50 in the last trading session. SKF Group (SKFRY.PK,SKFB.L) on Sept. 5 said it has agreed to acquire US-based industrial manufacturer Kaydon Corp. in an all-cash transaction valued at around $1.25 billion, including $95 million of net debt. SKF noted that the deal will be accretive to its earnings in year one.
As per the terms of the definitive agreement, which has been unanimously approved by the board's of both the companies, SKF will commence a tender offer to purchase all of Kaydon's outstanding shares for $35.50 per share in cash.
Is KDN A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
Matador Resources Co (NYSE:MTDR) stock climbed 2.28% to $15.70. The company on Sept. 4 announced that it has priced an underwritten public offering of 8,500,000 shares of its common stock at $15.25 per share. Matador has also granted the underwriters a 30-day option to purchase up to 1,275,000 additional shares of common stock. The offering is expected to close on or about September 10, 2013, subject to customary closing conditions.
Is MTDR A Good Buy After The Recent Price Movement? Find Out Here
Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) shares climbed 2.56% to $7.20. The company on August 7 reported financial results for the three and six months ended June 30, 2013 and provided an update on the Company's portfolio of clinical stage compounds being developed for the treatment of the hepatitis C virus (HCV). For the second quarter of 2013, Achillion reported a net loss of $19.9 million or $0.21 per share, compared with a net loss of $11.5 million or $0.16 per share for the second quarter of 2012. Cash, cash equivalents, marketable securities, and interest receivable as of June 30, 2013 were $187.4 million.
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SUPERVALU INC.(NYSE:SVU) shares declined 0.95% to $7.33. The company on July 24 announced that as soon as practicable on or following August 7, 2013 the Company will grant Mr. Bruce Besanko stock options to acquire 225,000 shares of Company common stock with an exercise price equal to the closing price of a share of Company common stock on the New York Stock Exchange on the grant date and 225,000 restricted stock shares of Company common stock.
Additionally, the company on July 18 posted first-quarter net earnings of $85 million, or $0.34 a share. Adjusted first-quarter fiscal 2014 net earnings from continuing operations totaled $34 million, or $0.14 a share. Quarterly net sales were $5.16 billion, compared with $5.24 billion last year. Analysts expected earnings per share of $0.06 on revenues of $5.17 billion for the quarter.
How Should Investors Trade SVU After The Recent Volatility? Get Free Report Here
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