Boston, MA 02/24/2014 (wallstreetpr) – Brookdale Senior Living, Inc. (NYSE:BKD) and Emeritus Corporation (NYSE:ESC) have announced a merger. Shares of BKD had an exciting day on NSE last Friday whereby they attained not just a new 52-week high, but also attained a new high in five years. The stock remained among the most active and big winners of the day. The company announced that it was willing to offer $1.4 billion to join forces with ESC. That deal will in effect expand the company’s service offering to more regions and functionality. Shareholders in Emeritus will get 095 shares of BKD common stock will Emeritus Corporation (NYSE:ESC) itself will result with 23 percent ownership in the combined company. If the merger goes through Brookdale Senior Living, Inc. (NYSE:BKD) will have a senior living community within approximately 10 miles of about 6.5 million seniors edged 80 years and above.
Barrick Gold Corporation (USA) (NYSE:ABX) was lacking on the positive side of things Friday whereby the stock suffered $3 cents loss on each share to end the day south at $20.95, representing 0.14 percentile drop from the previous closing price. Amazing that drop in stock price occurred just when the company had received a price target and rating hoisted by analysts at RBC Capital. The brokerage now places the stock a “outperform” list, up from “sector perform” listing in the previous sentiment. As concerns price target, RBC Capital analysts raised their previous figure by $4 to $28 from $24. The latest price target hoist represents potential upside of 41.63 percent when viewed against the prevailing price of the stock. The stock of Barrick Gold Corporation (USA) (NYSE:ABX) currently bears consensus rating of “hold” and average price target of $21.31, following comments from 25 investment analysts.
Advanced Micro Devices, Inc. (NYSE:AMD) was on the actively traded stocks on NYSE whereby more 28.80 million shares changed hands, exceeding the daily average volume of 13.62 million. However, the stock price closed flat, though it managed to escalate to $3.75 and sunk to the low of $3.66 in intraday. Advanced Micro Devices, Inc. (NYSE:AMD) recently announced offering of $500 million senior notes, an offering that has be set to expire by mid-night March 19. The notes have maturity year of 2019.
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