NEW YORK, March 28, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Sirius XM Radio Inc, Repros Therapeutics Inc, CBS Corporation.
Sirius XM Radio Inc (NASDAQ:SIRI) stock fell 0.32% to $3.07. Clearwire Corp said on Mar. 28 that it would draw on $80 million in financing from Sprint Nextel Corp, which is seeking to buy it. Clearwire said it would still continue talks with rival bidder Dish Network Corp but it has not changed its recommendation in favor of the Sprint deal. Sprint, already the majority owner of Clearwire, struck a deal in December to buy out the rest of the company for $2.97 per share. It also gave Clearwire the option to draw on $800 million in convertible debt in 10 monthly installments.
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Additionally, the company, on Mar. 20, announced that Blake Shelton will sit down for a Q&A session with a select group of SiriusXM listeners at the SiriusXM Music City Theatre in Nashville, TN. Moderated by SiriusXM's Storme Warren, the "Town Hall" special will include the Grammy nominated musician and coach of The Voice answering questions from the studio audience about his entire career, including his new album Based On ATrue Story, which is scheduled to be released on March 26.
Repros Therapeutics Inc (NASDAQ:RPRX) stock surged 70.32% to $15.55. The company, on MA. 27, reported top-line results for the first pivotal study of Androxal, ZA-301, in the treatment of secondary hypogonadism. Results for the Intent-to-Treat population met both co-primary endpoints mandated by the FDA. The Intent-to-Treat population included all men randomized in the study whether or not they completed the study.
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Additionally, the company, on Mar. 18, announced financial results for the quarter and year ended December 31, 2012. Net loss for the three month period ended December 31, 2012, was ($8.0) million or ($0.47) per share as compared to a net loss of ($2.7) million or ($0.22) per share for the same period in 2011. Total revenues and other income increased to $3,000 for the year ended December 31, 2012 as compared to $2,000 for the same period inthe prior year.
CBS Corporation(NYSE:CBS), which owns broadcast networks CBS and CW, Showtime and other international television channels, is buying JP Morgan's One Equity Partners' stake in the company.
TV Guide is the company that encompasses the TV Guide Network, recently rebranded as TVGN, and TVGuide.com. If this deal is completed then CBS will become an equal partner with TV Guide co-owner Lionsgate Entertainment, which originally acquired TV Guide in February 2009 for $241.6 million.
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According to report, which quotes sources, CBS will play slightly less than the $122.4 million One Equity Partners shelled out for 49 percent of TV Guide in June 2009 with an option to increase its stake by 1 percent.
TV Guide has been waiting for a suitor for some time now and CBS was named as one of the prospective acquirers nearly a year back.
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