Year High Stocks - NASDAQ: FACT, ITMN, BRCM
Year High NASDAQ Stocks.
(EMAILWIRE.COM, March 10, 2010 ) Dallas, Tx - InterMune, Inc. (NASDAQ:ITMN) hits a new 52-week high at $39.50 and now up 64.03% and trades at $38.21. A panel meeting of the Food and Drug Administration resulted in a recommendation for approval of a proposed lung drug from Intermune. The stock has been upgraded at Wells Fargo and ThinkEquity this morning.
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Facet Biotech Corporation (NASDAQ:FACT) zoomed 66.56% to $27.00 and made a new 52-week high at $27.03 after Law Offices of Howard G. Smith announced that it is investigating potential claims against the Board of Directors of Facet Biotech Corporation. Under the terms of the definitive agreement entered into by the parties, Abbott will promptly commence a tender offer to purchase all outstanding shares of Facet Biotech at $27.00 per share in cash. Completion of the transaction is expected to occur in the second quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by the Facet Biotech board of directors. Earlier Levi & Korsinsky announced that it is investigating the Board of Directors of Facet Biotech Corporation for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Abbott Laboratories (Abbott). Under the terms of the proposed transaction, Facet Biotech Corporation shareholders will receive $27.00 in cash for each share of Facet Biotech they own. The total transaction value is approximately $722 million, less Facet Biotech's projected cash and marketable securities at closing, projected to be approximately $272 million.
Broadcom Corporation (NASDAQ:BRCM) made a new high at $32.75 and now up 3.04% and trades at $32.59. Broadcom Corporation (Broadcom), incorporated in August 1991, is a provider of semiconductors for wired and wireless communications. Broadcom provides a portfolio of system-on-a-chip (SoC) solutions to manufacturers of computing and networking equipment and, broadband access products and mobile devices.
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Facet Biotech Corporation (NASDAQ:FACT) zoomed 66.56% to $27.00 and made a new 52-week high at $27.03 after Law Offices of Howard G. Smith announced that it is investigating potential claims against the Board of Directors of Facet Biotech Corporation. Under the terms of the definitive agreement entered into by the parties, Abbott will promptly commence a tender offer to purchase all outstanding shares of Facet Biotech at $27.00 per share in cash. Completion of the transaction is expected to occur in the second quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by the Facet Biotech board of directors. Earlier Levi & Korsinsky announced that it is investigating the Board of Directors of Facet Biotech Corporation for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Abbott Laboratories (Abbott). Under the terms of the proposed transaction, Facet Biotech Corporation shareholders will receive $27.00 in cash for each share of Facet Biotech they own. The total transaction value is approximately $722 million, less Facet Biotech's projected cash and marketable securities at closing, projected to be approximately $272 million.
Broadcom Corporation (NASDAQ:BRCM) made a new high at $32.75 and now up 3.04% and trades at $32.59. Broadcom Corporation (Broadcom), incorporated in August 1991, is a provider of semiconductors for wired and wireless communications. Broadcom provides a portfolio of system-on-a-chip (SoC) solutions to manufacturers of computing and networking equipment and, broadband access products and mobile devices.
ABOUT http://www.wepickpennystocks.com
Wepickpennystocks provide online Stock Newsletter on various stocks of the day. To make the right investment in the stock business you need up to date information of daily stocks. We provide alerts on NASDAQ penny stocks , financial stocks, technical stocks, most active stocks and much more. Our hot stock alerts will help you gain insight into the stock trading so that you can make maximum profit.
###
Press release service and press release distribution by EmailWire.Com for public traded companies on NASDAQ, NYSE, AMEX, OTC, TMX, CNSX and Pink Sheets Stock Exchanges - http://www.emailwire.com/press_release_service_otc_pink_sheets.php
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Wepickpennystocks
Robert
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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