Groupon Among Biggest Stock Price Percentage Winners May 14th
Groupon Inc (NASDAQ:GRPN): Groupon said that in April 2012, nearly 30% of North American transactions were completed on mobile devices, compared with 25% in December 2011. This growth has created momentum for Groupon Now!, which recently surpassed 1.5M Groupons sold. Now! achieved this milestone faster and within fewer markets than the daily deals business. The shares closed at $11.74, up $1.84, or 18.59%. They have traded in a 52-week range of $9.63 to $31.14.
KiOR Inc (NASDAQ:KIOR): KiOR reports Q1 EPS (16c) versus consensus (16c). The shares closed at $9.89, up $0.94, or 10.5%. They have traded in a 52-week range of $7.51 to $23.85.
BMC Software, Inc. (NASDAQ:BMC): BMC Software announced that Elliott Associates, L.P. and Elliott International, L.P. notified the Company that it had acquired beneficial ownership of more than 5% of BMC’s common stock and would soon be filing a Schedule 13D with the Securities and Exchange Commission. Elliott has also notified the Company of its intent to nominate a slate of five nominees to stand for election at the Company’s 2012 Annual Meeting of Stockholders. Elliott has informed the Company that the nomination of its slate is in connection with its proposal that the Board form a special committee to pursue a sale of the Company. The Company said that its Board has considered Elliott’s proposal that the Board form a special committee to pursue a sale of the Company and unanimously determined that such proposal is not in the best interests of the stockholders of the Company and that now is not the right time to pursue such a sale. The shares closed at $43.92, up $3.52, or 8.71%. They have traded in a 52-week range of $31.62 to $56.55.
Nationstar Mortgage Holdings Inc (NYSE:NSM): Newcastle (NYSE:NCT) has signed a definitive agreement to acquire up to a 65% interest in excess mortgage servicing rights from Nationstar Mortgage (NYSE:NSM) in connection with Nationstar’s acquisition of certain residential mortgage servicing rights and other assets from ResCap in connection with ResCap’s proposed sale of these assets pursuant to an auction supervised under the U.S. Bankruptcy Code. Newcastle expects to invest between $150 million to $300 million to acquire an interest in Excess MSRs related to Nationstar’s proposed acquisition of primary mortgage servicing rights with an unpaid principal balance of approximately $201 billion as of February 29, 2012. Nationstar will be the servicer of the loans and will invest alongside Newcastle by retaining an approximately 35% interest in the Excess MSRs. Approximately 65% of loans associated with the primary mortgage servicing rights are owned, insured or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. The cash purchase price of the mortgage servicing rights and subservicing contracts would be approximately $700 million based on unpaid principal balances as of February 29, 2012. Nationstar anticipates that the court will approve in mid-June the auction procedures and timeline for the sale of the Mortgage Servicing Assets and that the auction process will last approximately 90 days, during which time ResCap will solicit competing bids. If Nationstar is the successful bidder, then ResCap will seek court approval to sell the Mortgage Servicing Assets to Nationstar and the closing of the Transaction would be expected to occur in late 2012. The shares closed at $15.69, up $0.85, or 5.73%. They have traded in a 52-week range of $13.00 to $15.20.
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