Client News Release
Cardiovascular Systems Signs Merger Agreement (Business Wire) and Och-Ziff Capital Management Group LLC Reports Third Quarter 2008 Results (PR Newswire)
City of Industry, CA --(www.FinancialNewsUSA.com)-- 11/06/2008 - IPOs industry news provided by Financial News USA (OTC: FNWU). ST. PAUL, Minn.--(BUSINESS WIRE)--Cardiovascular Systems Inc. (CSI) today announced that it has entered into a definitive merger agreement under which CSI will merge with Replidyne, Inc. (Nasdaq: RDYN) in an all-stock transaction. Under terms of the agreement, Replidyne will issue new shares of its common stock to CSI shareholders whereby former CSI shareholders are expected to own 83
percent of the combined company, and Replidyne shareholders are expected to own 17 percent of the combined company on a fully diluted basis using the treasury stock method, subject to adjustments as described in the merger agreement. David L. Martin, President and Chief Executive Officer of CSI, said, "Executing this transaction with Replidyne is an expedient way to take our company into the public market and generate a capital infusion for future growth. [Read the full article]
Third Quarter 2008 Dividend of $0.025 per Class A ShareNEW YORK, Nov. [Read the full article]
SAN FRANCISCO--(BUSINESS WIRE)--JMP Group Inc. (NYSE: JMP), an investment banking and alternative asset management firm, today reported financial results for the quarter and nine months ended September 30, 2008.Financial Highlights
Net loss was $4.9 million, or $0.24 per diluted share, and $4.0 million, or $0.20 per diluted share, for the quarter and nine months ended September 30, 2008, respectively. For the quarter ended September 30, 2007, net income was $1.1 million, or $0.05 per diluted share. [Read the full article]
NEW YORK, Nov. 4 /PRNewswire-FirstCall/ -- Cowen Group, Inc. (Nasdaq: COWN) today announced its operating results for the quarter ended September 30, 2008. Total revenue for the three months ended September 30, 2008 was $58.0
million, representing an increase of 1% from $57.5 million in the prior year period. For the quarter ended September 30, 2008, the Company reported a net loss of $61.7 million, or $5.48 per fully diluted share, compared to a net loss of $3.3 million in the prior year period, or $0.26 per fully diluted share. As discussed in greater detail below, the Company's results for the third quarter of 2008 included a non-recurring $50.0 million non-cash charge related to the impairment of legacy goodwill. In addition, the Company's third quarter results included $1.4 million in compensation expense related to employee stock awards made in connection with our initial public offering, compared to $0.4 million of expense in the third quarter of 2007. [Read the full article]
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