April 22 (Bloomberg) — Plains Exploration & Production Co., the U.S. oil and gas producer with operations in California, Texas and Louisiana, fell 8.9 percent after announcing that it sold 12 million shares of common stock at a discount to yesterday’s closing price.
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NBTY Senior Vice President Adopts Rule 10b5-1 Trading Plan
NBTY, Inc. , , a leading global manufacturer and marketer of nutritional supplements, today announced that its Senior Vice President, Glenn Schneider, has adopted a prearranged stock trading plan to sell a portion of his company stock over time as part of his individual long-term strategy for asset diversification and liquidity.
Estimates have improved since the earnings release, implying analysts' optimism about the stock. The share price movement was favorable as well.
Dan Dorfman: SEC Eyes $12 Billion of M&A Deals
With corporate coffers brimming with cash, merger and acquisition activity is percolating again. So, too, is the pace of stock trading investigations by the Securities and Exchange Commission into such transactions.
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