GameStop Corp (NYSE:GME) and Geeknet, Inc. (Nasdaq: GKNT), the parent company of ThinkGeek and ThinkGeek Solutions, declared they have entered into a definitive contract under which GameStop will acquire all of the outstanding shares of Geeknet’s common stock for $20.00 per share in cash. The transaction has been approved by the board of directors of both companies and will be completed by means of a tender offer. The transaction has a total equity value of around $140 million, including $37 million of cash and cash equivalents as of March 31, 2015.
GameStop Corp (NYSE:GME) traded with -0.02% lost momentum to $42.51 in the latest trading session. It captured $4.54 billion in market value. The total number of shares traded on the latest trading day was about 1.38 million shares. The day started out with an opening price of $42.42 and changed hands at price range of $41.97 to $42.65 apiece.
Ultra Petroleum Corp (NYSE:UPL) an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It mainly focuses on developing natural gas reserves in the Green River Basin of Wyoming; oil reserves in the Uinta Basin of Utah; and natural gas reserves in the Appalachian Basin of Pennsylvania.
Ultra Petroleum Corp (NYSE:UPL) started its trading session with the price of $14.29 and closed at $14.47 by scoring +0.94%. UPL’s stocks traded with total volume of 1.38 million shares, while the average trading volume remained 1.98 million shares. The beta of UPL stands at 1.40. Day range of the stock was $14.24 -$14.53.
Forest City Enterprises (NYSE:FCE.A) acquires, owns, develops, and manages commercial and residential real estate and land in the United States. The company’s Commercial group acquires, owns, develops, and runs regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects, as well as operates Barclays Center, a sports and entertainment arena situated in Brooklyn, New York.
Shares of Forest City Enterprises (NYSE:FCE.A) traded in a range of $22.53 to $22.83, completing the day down -0.39% to $22.72. The total volume of shares exchanged was 1.38 million. The day started out with an opening price of $22.83. The company has the total of 233.42 million outstanding shares while its market capitalization is now about $5.76 billion.
Hudson City Bancorp (NASDAQ:HCBK) works as the holding company of Hudson City Savings Bank that offers different banking products and services in the United States. Its deposit products include passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, in addition to IRA accounts and qualified retirement plans.
Hudson City Bancorp (NASDAQ:HCBK) moved up +0.50% to settle at $10.00. Its total traded volume during last trading session was 1.38 million shares. The overall market worth of this company is about $5.27 billion. The 52 week range of the stock remained $8.53 – $10.77, while its day’s lowest price was $9.91 and its hit its day’s highest price at $10.01. The beta of this stock currently stands at 1.16.