Company News for January 24, 2012

Zacks

•    Fifth Street Finance Corp's (NASDAQ:FSC) shares declined 5.11% to close at $10.02 after the company initiated a public sale of 10 million shares

•    Share of natural-gas producer Chesapeake Energy (NYSE:CHK) gained 6.3% after the company announced it plans to further reduce dry-gas drilling activity by half and limit its gas production by about 8% due to a drop in natural-gas prices

•    Apache Corporation (NYSE:APA) is all set to purchase privately owned oil and gas company Cordillera Energy Partners for $2.85 billion in an all cash-and-stock deal

•    Maker of marine and heavy-duty off-highway power transmission equipment, Twin Disc Inc's (NASDAQ:TWIN) shares plummeted 18.78% to close at $32.00 after the company's earnings figures came in short of analyst's expectations

•    Pan American Silver Corp. (NASDAQ:PAAS) will acquire Vancouver-based Minefinders Corp. (AMEX:MFN) for about $1.48 billion. Following this report, the U.S. listed shares of Minefinders surged 22.91% to close the day at $13.95

Zacks Investment Research



More From Zacks.com
View Comments

Recommended for You