May. 10, 2012, 4:48 PM
Mar. 26, 2012, 4:29 PMEnerNOC (ENOC +2.9%) shares jumped after rival Comverge (COMV -5.3%) cut a $49M deal to go private and gather much-needed capital, but Wedbush cautions against any deal excitement, warning the buyout suggests ENOC would command just $2.98/share. ENOC has its own credit issues, the firm adds, attributing share gains to short covering on a sale it sees as "pretty unlikely." | Comment!
Mar. 26, 2012, 12:42 PMComverge (COMV -8%) agrees to be acquired by PE firm HIG Capital for ~$49M, or $1.75/share, below its $1.88 Friday closing price and analyst estimates of its worth. COMV felt it had no choice, believing it "would be unable to raise the necessary capital to fund continuing operations, which would place existing stockholder investment in the company at significant risk." | Comment!
Mar. 15, 2012, 6:53 PM
Mar. 15, 2012, 4:21 PM
Oct. 5, 2011, 3:59 PM
Sep. 27, 2011, 2:29 PM
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COMV vs. ETF Alternatives
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