DrStockPick.com Stock Report! 10/23/09, BLDR, CSRH, AVVH, NPD, RPM, CBRX
Dr Stock Pick HOT News & Alerts!
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Friday October 23, 2009
DrStockPick.com Stock Report!
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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries.
Builders FirstSource, Inc. (Nasdaq:BLDR), a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, today announced a $205 million common stock rights offering and debt exchange for its outstanding Second Priority Senior Secured Floating Rate Notes due 2012 (the “2012 notes”).
China Nepstar Chain Drugstore Ltd. (NYSE: NPD), the largest drugstore chain in China based on the number of directly operated stores, today announced that it has entered into a definitive agreement with Wenzhou Ren Ren Hao Chain Drugstore Ltd. (”Ren Ren Hao”) to acquire the operations of all of its eight drugstores in Wenzhou City. This acquisition represents China Nepstar’s first retail presence in Wenzhou, one of the most affluent markets in Zhejiang province in terms of consumption power. The transaction is expected to be completed by the end of 2009.
RPM International Inc. (NYSE: RPM), a worldwide specialty coatings and building materials and services holding company, today announced that executives from its Tremco sealants and Dryvit exterior insulation and finish systems businesses will address the High-Performance Building Congressional Caucus Coalition at a briefing on Wednesday, October 28, 2009 at the Rayburn House Office Building in Washington, DC.
avVaa World Health Care Products Inc. (Pink Sheets: AVVH), a global biotechnology company, manufacturer and distributor of nationally branded therapeutic, natural skin and health care products, announced their third Direct TV Media Test is scheduled to launch on Thursday October 29.
Columbia Laboratories, Inc. (Nasdaq: CBRX) today announced that it has priced a transaction to raise up to approximately $11,772,000 through the sale of up to approximately 10,900,000 shares of its common stock and warrants to purchase 5,450,000 shares of its common stock in a registered direct offering. The common stock and warrants will be sold in units, with each unit consisting of one share of common stock and a warrant to purchase 0.5 shares of common stock. Each unit will be sold at a negotiated price of $1.08 per unit. Net proceeds are expected to be up to approximately $10,709,000 after offering-related fees and expenses. Columbia intends to use the net proceeds from the offering for general corporate purposes, including funding the completion of its ongoing clinical trial to reduce the risk of preterm birth in women with a short cervix at mid-pregnancy, the development of its next generation products for infertility and prevention of preterm birth in women with a short cervix, its other clinical development and other research and development activities, internal and/or collaborative sales, marketing and distribution expenditures, capital expenditures and working capital needs.
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