FPL GROUP INC - Recommends Against Attempt to Poach Stock Away from Unwary Investors
FPL Group, Inc. (NYSE:FPL) is trading down 2.64% following the Company’s September 5, 2008 announcement that it has received notification of an unsolicited “mini-tender offer” by TRC Capital Corporation to acquire up to 2 million shares of FPL Group common stock, representing less than one half of 1 percent of FPL Group’s outstanding shares. TRC’s offer price of $58 per share in cash represented, as TRC Capital’s own offer document acknowledges, approximately a 4.65 percent discount below FPL Group’s closing price on the New York Stock Exchange on Aug. 26, 2008, the day before the offer commenced. To read the entire report, click here:
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WELWIND ENERGY INTERNATIONAL CORP – Stock Continues to Climb on Acquisition News
Welwind Energy International Corp. (OTCBB: WWEI), is trading up 17% on the news of September 4, 2008 that announces that it has successfully signed a binding joint venture partnership for a 49% interest in a wind farm project owned by Ningxia Electric Power Corp. (NEP). To read the entire story, click here:
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