This morning, leading out-of-home advertising network operator Focus Media (FMCN) entered into an agreement to acquire competing in-store advertising network operator CGEN Digital Media for $350 million ($168 million in cash plus a $182 million earn-out). The...read more
VisionChina Media, an operator of a mass transit digital advertising network in China, priced 13.5 million ADSs at $8, below the proposed range of $9.50 to $11.50. Credit Suisse and Merrill Lynch were the joint book runners on the deal. The stock is expected to...read more
Top weekly performers: VisionChina Media, OSG America L.P., Rackspace
The following companies were the top performing IPOs over the last five trading sessions:
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ALERT: Worst weekly perfomers: VisionChina Media, comScore, Sucampo Pharmaceuticals
The following companies were the worst performing IPOs over the last five trading sessions:
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Focus Media to acquire pending new issue CGEN Digital Media for $350 million
This morning, leading out-of-home advertising network operator Focus Media (FMCN) entered into an agreement to acquire competing in-store advertising network operator CGEN Digital Media for $350 million ($168 million in cash plus a $182 million earn-out). The...read more
Advertising company VisionChina Media prices below range
VisionChina Media, an operator of a mass transit digital advertising network in China, priced 13.5 million ADSs at $8, below the proposed range of $9.50 to $11.50. Credit Suisse and Merrill Lynch were the joint book runners on the deal. The stock is expected to...read more