NASDAQ Morning Movers; (NEWL), (KSWS), (PACB), (CALI)
Visit: NewLead Holdings Ltd.
New York, New York - January 17, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for January 17th, 2013.
NewLead Holdings Ltd., (NASDAQ:NEWL) trading at $2.09 jumped up $0.81 or 63.28% on a volume of 3,112,922 shares.
Stocks rose after NewLead Holdings made the announcement that the company has entered into an agreement to acquire title and excavation rights in properties containing 18.6M tons of estimated coal reserves for $11M as well as acquire ownership and leasehold interests in properties containing approximately 143.1M tons of coal for $55M. These agreements are expected to generate $873.5M of revenue over a three-year period.
K-Swiss Inc., (NASDAQ:KSWS) trading at $4.72 gained $1.53 or 47.96% on a volume of 7,624,030 shares.
E.Land World Ltd., a South Korean apparel distributor, has agreed to pay about $170 million for K- Swiss Inc. (KSWS) to add U.S.-based athletic shoemaker's brands to its portfolio.
With this offer K-Swiss stockholders will receive $4.75 in cash per share, 49 percent more than yesterday's closing price on the Nasdaq Stock Market; however as of later this morning former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of K-Swiss, Inc. (KSWS) to E.Land World Ltd. The sale investigation centers on whether K-Swiss' shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues K-Swiss' stock, and whether K-Swiss' board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. The merger is expected to close in the second quarter of 2013.
Pacific Biosciences of California Inc., (NASDAQ:PACB) trading at $3.21 moved up $0.38 or 13.43% on a volume of 341,594 shares.
China Auto Logistics Inc., (NASDAQ:CALI) trading at $2.848 gained $0.28 or 10.82% on a volume of 31,950 shares.
InvestorIdeas.com is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors including biotech, tech, mining, energy, water, renewable energy, beverage stocks and more .
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Follow Investorideas.com News on Linkedin.com/today at http://www.linkedin.com/today/investorideas.com
Sign up for the free investor news and stock alerts at Investorideas.com
Become an Investorideas.com Member and access our 14 online stock directories 24/7 - water, renewable energy, mining stocks and more…
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
800-665-0411 - Source - www.Investorideas.com