Boston, MA -- (SBWIRE) -- 09/03/2013 -- 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: (AK Steel Holding Corporation(NYSE:AKS), Sunedison Inc (NYSE:SUNE), Novavax, Inc. (NASDAQ:NVAX), NII Holdings, Inc.(NASDAQ:NIHD)
AK Steel Holding Corporation(NYSE:AKS) shares closed at $3.36. AK Steel Holding Corporation (NYSE: AKS) announced on August 29 that its subsidiary, AK Steel Corporation ("AK Steel"), has completed its offer to exchange up to $380.0 million in aggregate principal amount of its 8.750% senior secured notes due 2018, not registered under the Securities Act of 1933, as amended, for an equal aggregate principal amount of its registered 8.750% senior secured notes due 2018. The Exchange Offer expired at 5:00 p.m., Eastern Daylight Time, on August 28, 2013. All of the Initial Notes were submitted for exchange, and AK Steel has accepted for exchange all the Initial Notes validly tendered and not withdrawn pursuant to the Exchange Offer.
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Sunedison Inc (NYSE:SUNE) shares fell 2.13% to $7.36. The company on August 22 said it would spin off its semiconductor business in an initial public offering and use the proceeds to fund its solar business. The company said it plans to sell a minority stake in the newly formed SunEdison Semiconductor to the public in the offering, scheduled for early 2014.
The company ended the second quarter with a project pipeline of 2.9 GW, up 218 megawatt from the first quarter.
Is SUNE A Good Buy After The Recent Price Movement? Find Out Here
Novavax, Inc. (NASDAQ:NVAX) shares closed at $3.15 in the last trading session. The company on August 22 announced the number of shares tendered to it during the extended acceptance period for its recommended public offer to acquire all issued and outstanding shares and warrants (warrants series 2005-I and 2005-II) of Isconova AB ("Isconova"), which was first communicated on June 4, 2013, (the "Offer"), and which was extended to August 20, 2013.
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NII Holdings, Inc.(NASDAQ:NIHD) shares increased 0.50% to $5.98. The company on Aug. 19 announced it has completed the previously announced sale of its Peruvian operations to Empresa Nacional de Telecomunicaciones S.A. (Bolsa de Comercio de Santiago: ENTEL) for an aggregate value of $410.6 million, which reflects estimated adjustments for cash, debt and working capital balances as of the closing date. The transaction, which was structured as a purchase of the shares of NII's indirect subsidiary, Nextel del Peru S.A. ("Nextel Peru"), was completed as part of NII's previously announced strategy to focus its capital and other resources primarily in Mexico and Brazil, its two largest markets.
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Here at Winston 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. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t be disappointed.
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