Orlando, FL -- (SBWIRE) -- 09/30/2013 -- 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 Vale SA (ADR)(NYSE:VALE), BlackBerry Ltd (NASDAQ:BBRY).
Vale SA (ADR)(NYSE:VALE) shares declined 3.23% to $15.60. The company is selling stakes in its cargo unit for about $1.2 billion to Japan’s Mitsui & Co. and a Brazilian government fund as it seeks to focus on higher-return assets.
The iron-ore producer based in Rio de Janeiro agreed to sell a 20 percent stake in the VLI unit to Mitsui for 1.51 billion reais ($675 million) and 15.9 percent to the FI-FGTS fund managed by state-owned bank Caixa Economica Federal for 1.2 billion reais, according to a regulatory filing today. Vale said it’s also in exclusive talks with Canada’s Brookfield Asset Management Inc. (BAM/A) to sell about 26 percent of VLI. Its stake would drop to less than 40 percent after all the deals, Vale said on Sept. 18.
Are investors worried about the recent updates with VALE? Find out with a free trend analysis HERE
BlackBerry Ltd (NASDAQ:BBRY) shares gained 1.01% to $8.03. 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.
Is BBRY going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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