Big Stock Price Changes Of The Day (ACS)(XRX)(CALM)(GMTN)(ASPN)

247wallst — Mon, 28 Sep 2009 12:37:07 +0000

According to Volume Spike Investor, these are the bigger movers of the day:

Aspect Medical (ASPN) up sharply on buy-out.

Cal-Maine (CALM) down on earnings (details).

Big moves in Xerox (XRX) and ACS (ACS) on M&A.

Gander Mountain (GMTN) goes private (details).

Douglas A. McIntyre

Posted in Pre-Market Activity Tagged: ACS, ASPN, CALM, GMTN, XRX

A Takeover in the Oil & Gas Minis (ROYL, ASPN)

247wallst — Fri, 21 Nov 2008 08:19:41 +0000

Now this is how it’s supposed to work. Royale Energy (NASDAQ:ROYL) has initiated an exchange offer for up to 55% of the outstanding shares of an OTC bulletin board energy company called Aspen Energy (OTC.BB:ASPN). There are about 7.26 million shares of Aspen stock outstanding, so Royale is looking to pick up control of the company for about $4 million.

Aspen holds 130,000 barrels of proved crude oil reserves and 2.7million cubic feet of proved natural gas reserves. That’s about 600,000barrels of oil equivalent. Royale is offering $1/share for about halfof that. That’s 300,000 boe for about $13/b.

That’s a good deal for Royale, which has seen it’s share price dropfrom a 52-week high of $14.70 to close yesterday at $2.31, a drop ofnearly 85%.

Paul Ausick
November 21, 2008

Posted in Mergers and Buy Outs, Oil & Gas Tagged: ASPN, ROYL

24/7 Wall St. » ASPN

Big Stock Price Changes Of The Day (ACS)(XRX)(CALM)(GMTN)(ASPN)

A Takeover in the Oil & Gas Minis (ROYL, ASPN)