BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Arrow International in play?]]>http://www.bloggingstocks.com/2007/05/09/arrow-international-in-play/http://www.bloggingstocks.com/2007/05/09/arrow-international-in-play/http://www.bloggingstocks.com/2007/05/09/arrow-international-in-play/#commentsFiled under:

Arrow International (NASDAQ: ARRO) made an announcement today that almost always thrills investors. That is, the company has formed a special committee of the board of directors to "explore and evaluate strategic alternatives aimed at enhancing shareholder value."

Yes, the company is thinking of selling out. And, to this end, Arrow has hired the M&A advisory firm, Lazard Ltd. (NYSE: LAZ).

Something else: board member Richard Niner resigned. In his farewell letter, he said he was disappointed in the decision to sell the company (you can check out the letter at the SEC website - it's kind of juicy, referring to "clandestine" moves by other board members).

As for Arrow, the company develops disposable catheters. In the most recent quarter, sales were $123.4 million and net income was $14.4 million. There is $172.6 million in the bank.

Wall Street is taking things seriously. On the news today, Arrow's stock price surged 19.24% to $39.16.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Arrow International in play? originally appeared on BloggingStocks on Wed, 09 May 2007 11:49:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ARROArrow InternationalArrowInternationalLAZWed, 09 May 2007 11:49:00 EST<![CDATA[Market highlights for next week]]>http://www.bloggingstocks.com/2006/12/29/highlights-for-next-week/http://www.bloggingstocks.com/2006/12/29/highlights-for-next-week/http://www.bloggingstocks.com/2006/12/29/highlights-for-next-week/#commentsFiled under: , ,

Here is a look ahead to next week's three day trading week:

Monday January 1
  • Markets closed for New Year's Day holiday
  • PDUFA date for Amylin Pharmaceutical's (NASDAQ: AMLN) Byetta
Tuesday January 2
  • Markets closed in observance of President Ford's death
Wednesday January 3
  • Earnings conference calls for AngioDynamics (NASDAQ: ANGO), Landec Corporation (NASDAQ: LNDC) and the Topps Company (NASDAQ: TOPP)
  • Sales conference call for American Eagle Outfitters (NASDAQ: AEOS)
Thursday January 4
  • Earnings conference calls for Arrow International (NASDAQ: ARRO), Monsanto Company (NYSE: MON) and Sonic Corporation (NASDAQ: SONC)
  • Sales conference calls for Abercrombie & Fitch (NYSE: ANF), AnnTaylor Stores (NYSE: ANN) and bebe stores (NASDAQ: BEBE)
Friday January 5
  • Shareholder meeting for Serono S.A. (NYSE: SRA)

Market highlights for next week originally appeared on BloggingStocks on Fri, 29 Dec 2006 14:37:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>abercrombieaeosamerican eagleAmericanEagleamlnamylinanfangiodynamicsangoann taylorAnnTaylorarroarrowbebebyettaconference callConferenceCallhighlightlandeclndcmonmonsantopdufapreviewsales callSalesCallseronosoncsonicsratopptoppsFri, 29 Dec 2006 14:37:00 EST