Metropolitan Health Acquired by Humana and 1 Stock Enjoying 52-Week Highs
Metropolitan Health Networks (AMEX:MDF) and Humana (NYSE:HUM) have reached a definitive agreement through which Humana will purchase Metropolitan in a transaction worth around $850 million plus transaction costs. Metropolitan stockholders will receive $11.25 per share in cash from Humana for each share they hold. Under the terms of the acquisition, Humana will repay all of Metropolitan’s outstanding debt. Shares closed up 2.76 percent on the day at $11.15, having been traded in a 52-week range of $6.61 to $11.09.
Nam Tai Electronics (NYSE:NTE) is hoping that the increases in demand for its existing output of LCMs for smartphones and tablets, along with the other new LCM product business continues steadily. If this does occur, the firm’s management expects that its customer orders would grow, and that the current output would reach full capacity before the end of next year. In any event, the Company could continue to face certain risks including but not limited to, inflation in China, the appreciation of renminbi, shortage of labor, customers and suppliers’ inability to meet their contractual obligations, materials shortage, financial difficulties resulting in customers and suppliers’ illiquidity and worldwide political events and actions, including war and terrorism. Shares closed up 41.18 percent on the day at $15.12, but have traded in a 52-week range of $4.75 to $12.00.
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