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www.PicksThatMove.com: "Picks that move" Alerts, November 30, 2009: MFC, ECA, MR, RSO, C and SY
(M2 PressWIRE Via Acquire Media NewsEdge) Picksthatmove.com Alerts include Manulife Financial Corporation (NYSE: MFC); EnCana Corporation (NYSE: ECA); Mindray Medical International Limited (NYSE: MR); Resource Capital Corp. (NYSE: RSO); Citi (NYSE: C) and Sybase, Inc. (NYSE:SY)
-- November 30, 2009 Manulife Financial Corporation (NYSE: MFC) trading at $17.47 on a volume of 630,305 shares
In a press release on November 30, Manulife Financial completes $2.5 Billion Common Equity Offering
TORONTO, Nov. 30, 2009 Manulife Financial Corporation (MFC) announced today that its offering of $2,500,400,000 of common shares announced on November 18, 2009 has been completed. The common shares were sold to a syndicate of underwriters in a "bought deal" public offering. The common shares to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended (U.S. Securities Act), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This press release is not an offer to sell or the solicitation of an offer to buy such common shares in the United States or in any other jurisdiction where such offer is unlawful.
About Manulife Financial
Manulife Financial is a Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers customers a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were $437 billion (US$407 billion) as at September 30, 2009.
-- November 30, 2009 EnCana Corporation (NYSE: ECA) trading at $54.13 on a volume of 1.13M shares
In a press release on November 30, EnCana closes transaction to split into two distinct and independent companies -- Cenovus Energy and EnCana
CVE and post-split ECA shares to start trading Dec. 3 on TSX, Dec. 9 on NYSE
CALGARY, Alberta, Nov 30, 2009 EnCana Corporation (TSX, NYSE: ECA) today completed its transaction to split into two highly focused energy companies: Cenovus Energy Inc., an integrated oil company and EnCana Corporation, a pure play natural gas company. On November 25, 2009 shareholders voted more than 99 percent in favour of the transaction and later that day the Court of Queen's Bench of Alberta approved the transaction.
About EnCana Corporation
EnCana is a leading North American natural gas producer that is focused on growing its strong portfolio of prolific shale and other unconventional natural gas developments, called resource plays, in key basins from northeast British Columbia to east Texas and Louisiana. By partnering with employees, community organizations and other businesses, EnCana contributes to the strength and sustainability of the communities where it operates. EnCana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.
-- November 30, 2009 Mindray Medical International Limited (NYSE: MR) trading at $30.17 on a volume of 633,163 shares.
In a press release out on November 30, Mindray Introduces Significant New Upgrade for M5 Ultrasound Platform
MAHWAH, N.J., Nov. 30, 2009 Improved Performance and Wider Range of Applications Support Performance-to Value-Ratio
Mindray Medical International Limited (NYSE: MR), a leading developer, manufacturer and marketer of medical devices worldwide, today announced the introduction of a significant new upgrade for the company's popular M5 ultrasound system at the 95th Annual Meeting of the Radiology Society of North America being held in Chicago, November 29 - December 4, 2009. The upgrade includes automatic presets for each new exam and the addition of another state-of-the-art transducer.
About Mindray Medical International Limited
Mindray Medical International Limited (Mindray) is a developer, manufacturer and marketer of medical devices. The Company offers a range of products across its three primary business segments: patient monitoring and life support products, in-vitro diagnostic products and medical imaging systems. It sells its products primarily to distributors, and the balance directly to hospitals, clinics, government agencies, original design manufacturer (ODM) customers and original equipment manufacturer (OEM) customers. Outside China the Company sells its products through distributors and its direct sales personnel. In May 2008, the Company completed the acquisition of the patient monitoring business of Datascope Corp.
-- November 30, 2009 Resource Capital Corp. (NYSE: RSO) last at $4.79 a volume of 749,633 shares
In a press release out on November 30, Resource Capital Corp. Announces Common Stock Follow-On Offering
PHILADELPHIA, PA, Nov 30, 2009 Resource Capital Corp. (NYSE: RSO) (the "Company") announced today that it intends to offer approximately $50 million of its common stock in an underwritten public offering. FBR Capital Markets & Co. will act as sole book-running manager and JMP Securities LLC will act as co-manager for this offering. The underwriters will have a 30-day option to purchase up to an additional 15% of the offered amount of common stock from the Company to cover overallotments, if any. The shares will be issued pursuant to a prospectus supplement filed as part of an existing shelf registration statement filed with the Securities and Exchange Commission (the "SEC") which was declared effective on June 6, 2008.
About Resource Capital Corp.
Resource Capital Corp. is a commercial real estate specialty finance company that qualifies as a real estate investment trust ("REIT") for U.S. federal income tax purposes. The Company's investment strategy focuses on commercial real estate-related assets and, to a lesser extent, higher-yielding commercial finance assets. The Company invests in the following asset classes: commercial real estate-related assets such as whole loans, A-notes, B-notes, mezzanine loans and mortgage-related securities and commercial finance assets such as other asset-backed securities, senior secured corporate loans, equipment leases and notes, trust preferred securities, and debt tranches of collateralized debt obligations.
-- November 30, 2009 Citi (NYSE: C) last at $4.07 on a volume of 135.22M shares
In a press release out on November 30, Willem Buiter Joins Citi as Chief Economist
LONDON & NEW YORK, Nov 30, 2009 Citi announced today that Willem Buiter will join the Firm as Chief Economist effective January 2010. Willem is currently Professor of Political Economy at the London School of Economics and a widely published author on economic affairs in books, professional journals and the press. Since 2005, he has been a consultant with Goldman Sachs advising clients on a global basis. Prior to that, he was Chief Economist for the European Bank for Reconstruction & Development between 2000 and 2005, supporting projects and advising governments in Central and Eastern Europe and the CIS. Between 1997 and 2000 he was a founder external member of the Monetary Policy Committee of the Bank of England. He has been an adviser to the IMF, the World Bank, the Inter-American Development Bank and the Asian Development Bank, the European Commission and many central banks and finance ministries.
About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Additional information may be found atwww.citigroup.com or www.citi.com.
-- November 30, 2009 Sybase, Inc. (NYSE:SY) trading at $39.93 on a volume of 140,342 shares
In a press release out on November 30, Sybase PowerDesigner in Challengers Quadrant in Leading Independent Research Firm's 2009 Enterprise Architecture Magic Quadrant
DUBLIN, Calif., Nov 30, 2009 Sybase, Inc. (NYSE:SY), an industry leader in delivering enterprise and mobile software, today announced it has been positioned by Gartner, Inc. in the challengers quadrant in its Magic Quadrant Enterprise Architecture (EA) Tools report, authored by Robert Handler and Chris Wilson (November 2009).
About Sybase
Celebrating 25 years, Sybase is an industry leader in delivering enterprise and mobile software to manage, analyze and mobilize information. We are recognized globally as a performance leader, proven in the most data-intensive industries and across all major systems, networks and devices. Our information management, analytics and enterprise mobility solutions have powered the world's most mission-critical systems in financial services, telecommunications, manufacturing and government. For more information, visit http://www.sybase.com. Read Sybase blogs: http://blogs.sybase.com.
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