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Tracing The Movers: SinoCoking Coal and Coke Chem Ind (SCOK), Glimcher Realty Trust (GRT), SPAR Group (SGRP), Lakeland Industries (LAKE)

Denver, CO, 09/16/2014, (Avauncer.com) – SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ:SCOK) said its coal-to-syngas project received a major boost after a Chinese local government agreed to supply it with an extensive gas pipeline for distribution. The gas pipeline will connect the company’s four mines in the province of Henan to population and industrial centers. The local government also agreed to give SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ:SCOK) an access to high-quality coal for the refining of its coal-to-syngas technology. The company plans to start offering the environmentally friendly syngas in early 2015.

Glimcher Realty Trust (NYSE:GRT) has agreed to be acquired by Washington Prime Group Inc (NYSE:WPG) for $4.3 billion. The deal values the company at $14.20 per share, which signals 34% premium from the last closing price before the deal’s announcement. Washington Prime will also assume Glimcher Realty Trust (NYSE:GRT)’s debt as part of the agreement. The combined entity will be renamed WP Glimcher, and it will have its headquarters at Glimcher’s present address at Continental Plaza.

SPAR Group Inc (NASDAQ:SGRP) said that its wholly-owned subsidiary, SPAR National Assembly Services (NAS), entered into a partnership with Ergotron. The partnership spans two years and involves professional installation of NAS’s sit-stand workstations known as WorkFit. The installation will be done in homes and businesses. SPAR Group Inc (NASDAQ:SGRP) is a $29 million business organization with a global footprint.

Lakeland Industries, Inc. (NASDAQ:LAKE)’s breakout on Tuesday could only be explained by the recent announcement about Ebola handling garment. The company announced global availability of its high-performance protective apparel that targets people handing the Ebola virus. It also announced scaling up its manufacturing capacity to meet the big demand for the garments. Lakeland Industries, Inc. (NASDAQ:LAKE) said the protective gear features specialized seam sealing and is suitable for health workers and all those other people that are exposed to the deadly virus.

Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.

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