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  • Monday’s NASDAQ Winners: GLBL. NETL, NTSP, EZCH 0 comments
    Sep 13, 2011 12:35 PM | about stocks: GLBL, NETL, NTSP
    Monday’s NASDAQ Winners: GLBL. NETL, NTSP, EZCH
     
    Global Industries, Ltd. (NasdaqGS: GLBL ) Gains 51.07 % On Merger News
     
    POINT ROBERTS, September 13, 2011 - InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Monday September 12th. NASDAQ closed up at the end of the trading session at 2,495.09 +27.10 +1.10%. Merger news created the top two gainers for the day.
     
    Global Industries, Ltd. (NasdaqGS: GLBL ) was the top percentage gainer for the day closing up at $7.78, with an impressive gain of $ 2.63 (51.07%).  The company announced that it entered into a definitive merger agreement with Technip (NYSE Euronext Paris: TEC) under which Technip will acquire Global in an all cash merger. Under the terms of the agreement, which was unanimously approved by Global's Board of Directors, Global stockholders will receive $8.00 in cash for each share of Global's common stock. The transaction values Global at an enterprise value of approximately $1,073 million, including Global's approximately $136 million of net debt. The $8.00 per share acquisition price represents a 55% premium to Global's closing share price on September 9, 2011, the last trading day prior to announcement of the transaction, and a 92% premium to Global's average closing share price for the 30 trading days ending on September 9, 2011. 
     
    NetLogic Microsystems, Inc. (NasdaqGS: NETL ) ran a close second, with a gain of 50.80%, closing at $48.12, up $16.21. Another big deal maker for the market, Broadcom Corporation (Nasdaq:BRCM), and NetLogic Microsystems, Inc. (Nasdaq:NETL) announced they have entered into a definitive merger agreement. Under the agreement, NetLogic Microsystems shareholders will receive $50 per share in a transaction of approximately $3.7 billion, net of cash assumed.
     
    NetSpend Holdings, Inc. (NasdaqGS: NTSP ) closed up at $5.74, up 0.60 (11.67%). The company is a provider of general-purpose reloadable (NYSEMKT:GPR) prepaid debit cards and related financial services to the estimated 60 million underbanked consumers in the United States who do not have a traditional bank account or who rely on alternative financial services.
     
    EZchip Semiconductor Limited (NasdaqGS: EZCH ) ended at $32.65, up 3.25 (11.05%) and continued its run in after hours trading. The stock was one of several semiconductor stocks that had gains following the NetLogic/ Broadcom deal news.
     
     
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    Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
     
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    Themes: NASDAQ Stocks: GLBL, NETL, NTSP
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