Atlanta, GA – Scibility Media – 10/28/2014.
This article discusses two stocks: Chiquita Brands International Inc(NYSE:CQB) and Baxano Surgical Inc(NASDAQ:BAXS)
Chiquita Brands International Inc(NYSE:CQB) announced on Oct. 27th that it had reached a definitive merger agreement with Cutrale-Safra group. The company’s outstanding shares will be acquired by Cutrale Group, a juice company, and Safra Group, a global financial services firm, for $14.50 per share in cash for a transaction valued at approximately $1.3 billion.
Following the announcement, the law firm of Levi & Korsinsky, LLP announced that it would be investigating the sale of Chiquita Brands International. The firm’s press release stipulated that one analyst had rated Chiquita’s stock at $16 per share, a figure which is $1.50 higher than the Cutrale-Safra group’s purchase price of $14.50.
Baxano Surgical Inc(NASDAQ:BAXS) is a North Carolina-based medical device company that develops and markets minimally invasive products for the treatment of degenerative conditions of the spine. The company markets the AxiaLIF family of products, the VEO lateral access and interbody fusion system, and the iO-Flex system.
Baxano Surgical has been on the decline recently, placing the stock at a rather affordable price of $0.16. The company has traded within a range of $0.10 to $1.75 over the past 52 weeks.
The company has received significant investor interest recently, recording a trading volume of over 5 million on Oct. 27th, 2014. Baxano Surgical has a market capitalization of over $6 million and 49.73 million tradeable shares.
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