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Bullish on NCX ... NCX

62%

NOVA Chemicals Corporation, together with its subsidiaries, engages in the production and marketing of plastics and chemicals. It operates in three business units: Olefins/Polyolefins, Performance Styrenics, and INEOS NOVA. The Olefins/Polyolefins unit produces and markets ethylene, polyethylene, and higher-value polyethylene products, as well as various chemical and energy products. The Performance Styrenics unit produces and markets expandable polystyrene and styrenic performance polymer products. The INEOS NOVA unit produces and markets styrene monomer and solid polystyrene. The companyÂ... Continue reading »

NCX is a BUY NCX

9 %

Riding the tail end of a spike here, in and out. http://www.novachem.com/index.cfm NOVA Chemicals: Improvement Heading into Second Quarter; Expanded ... Nova Chemicals Swings to 1Q Profit NOVA Chemicals Corporation (NOVA Chemicals) is engaged in the production and marketing of plastics and chemicals. The Company operates an Olefins/Polyolefins business unit that produces and markets ethylene, polyethylene that NOVA Chemicals refers to as its polyethylene Performance Products and a variety of chemical and energy products (known as co-products). NOVA Che... Continue reading »

From the Blogosphere

Notable Mergers and Acquisitions of the Day 2/23: NCX, MDT, PMRY

<> <> International Petroleum Investment Company and NOVA Chemicals Corporation (NYSE: NCX) announced today that they have entered into an agreement providing for the acquisition by IPIC of all of NOVA Chemicals’ outstanding common shares for a cash consideration of US$6.00 per Share. The acquisition will be implemented by way of a court-approved plan of arrangement under the Canada Business Corporations Act.The consideration per Share represents a 348% premium over the February 20, 2009 closing price of the Shares on the NYSE and a 204% premium over the combined and currency-adjusted 30-day ... Continue reading »

Morning Movers 2/23: Nova Chemicals (NCX) Up On Abu Dhabi Buyout, Citigroup (C) Up On Govt Talks

StreetInsider.com Morning Movers: <>Nova Chemicals Corp. (NYSE: NCX) 300% HIGHER; International Petroleum Investment Company, wholly owned by the Government of the Emirate of Abu Dhabi, announced plans to acquire Nova Chemicals for $6 per share in cash. UAL Corporation (Nasdaq: UAUA) 15% HIGHER; Bank of America upgrades to Buy Citigroup (NYSE: C) 13% HIGHER; reports the govenment could convert its preferred stock into common stock in a plan that could boost the govenment's ownership to 40%. Bank of America (NYSE: BAC) 13% HIGHER; Citi news DryShips, Inc. (Nasdaq: DRYS) 11% HIGHER; Oppenheimer ... Continue reading »

Unusual 11 Mid-Day Movers 2/23: NCX, FITB, GEOY, F Higher; HS, HUM, UNH, RIO Lower

Nova Chemicals Corp. (NYSE: NCX) 295.5% HIGHER; International Petroleum Investment Company announced plans to acquire Nova Chemicals for $6 per share in cash.HealthSpring (NYSE: HS) 29.8% LOWER; Medicare plan providers are sinking today following a news that the government has proposed a payment rate increase of only 0.5% for next year. The number comes in much lower-than previously expected.Humana (NYSE: HUM) 22.6% LOWER; see HealthSpring. Click here for the full report.Fifth Third Bancorp (Nasdaq: FITB) 18.5% HIGHER; financials are rebounding today following massive losses last week. Shar... Continue reading »

Nova Chemicals Buyout: Good News for Teck Cominco Shareholders?

I, like many other investors, woke up on Monday morning to see that Nova Chemicals (NCX) was purchased or saved by a $6 per share bid. In spite of the fact they had $1.8 billion in debt and that they were running out of time to cover a 100 million dollar debt payment that was coming due in March, International Petroleum ((IPIC)) bought them for a 350% premium to their Friday closing price. <>To those who have been longtime shareholders of Nova Chemicals at $20, $30, or $40 dollars, this may have not made their days, but when one is faced to consider the alternative, namely, bankruptcy, this wa... Continue reading »

Unusual 11 Mid-Day Movers 2/4: NCX, RSYS, EGLE, SOLR Higher; GLAD, UTI, AJG, HBAN Lower

NOVA Chemcials (NYSE: NCX) 68.2% HIGHER; the stock has spiked intraday on extremely heavy volume. We are hearing rumors that the company, which has been on the ropes to raise $100 million by the end of the month in order to maintain status with lenders, may have found a backer which will issue the capital in exchange for debt. RadiSys Corporation (Nasdaq: RSYS) 34% HIGHER; reports Q4 EPS of $0.12, ex-items, 3 cents better than the analyst estimate of $0.09. Revenue for the quarter was $88.7 million, versus the consensus of $84.46 million. Sees Q1 sales of $73-$79 million, Continue reading »

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