OTC Penny Stocks With News SPPH
Spencer Pharmaceutical Inc. (SPPH.PK)
BOSTON, MA–Spencer Pharmaceutical Inc. (Pinksheets:SPPH – News) announced today that an unsolicited offer received on November 4, 2010 is at a premium of $0.97 per share, making the potential transaction valued at $245 million.
According to the buyout offer documents, the purchaser is requiring any and all shares be tendered for a purchase price of $0.97 per share and with the intent to privatize the company. Spencer Pharmaceutical has opted to continue to keep the purchaser’s name confidential until such time as a timeline can be presented and the approval of the board of directors can be obtained.
“We will conduct our own due-diligence of the purchaser but so far they have assured us of their seriousness and have marked this acquisition as important in terms of strategy but not in-terms of value,” said Dr. Max Arella, President of Spencer Pharmaceutical Inc. “We will continue with business as usual but this will also be one of our priorities,” further added Dr. Arella.
About Spencer Pharmaceutical Inc.
Spencer Pharmaceutical Inc. is a US-based Pharmaceutical Research and Development Corporation, which is developing innovative drug release and absorption systems for the treatment of metabolic diseases such as diabetes and metabolic syndrome.
About the Stock Wizards.net
TheStockwizards.net a free hot penny stock picks alert blog newsletter gives you up to the minute real-time detailed financial information with quotes and chart updates on the OTC-OTCBB, NYSE, and NASDAQ.
TSW is looking for hot penny stocks exposed such as spph on the move showing unusual movement that could end up being a popular top performing HOT OTC small cap penny stock picks. We know traders and investors are looking for exciting hot penny stock picks alerts like spph along with OTC volume movers to put on there speculative watch list for review.
The TSW penny stock finder trading system locates the best small cap, micro cap penny stocks such as nacf that have unusual movements with news, popular small cap penny stocks with big gains, and strong stock trends.
TSW looks for exciting, explosive penny stock picks like spph with the right mixture of powerful volume and low market capitalization to give day-traders & investors an opportunity to build a penny stock picks trading watch list consisting of the most notable penny stocks like spphthat have high volume with positive change that can become explosive mega volume penny stock picks at any given time.
For more info on how to get ahead as a Penny Stock Trader in stocks like spph , go to Traders Corner.
Get real time penny stock picks text message Trade Alerts like spph sent to your cell phone.
The assembled information distributed by TheStockWizards.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. TheStockWizards.net does expect that investors will buy and sell securities based on information assembled and presented herein. TheStockWizards.net will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. Always do your own due diligence, and consult your financial advisor
PLEASE NOTE: TSW has been compensated ten thousand dollars (10,000) from IAB Media for a one month SPPH advertising campaign. TSW has been compensated five thousand dollars (5,000) from National Financial Communications Corp for advertising services and to profile LPTH on our Weekly Top 10 List . Any compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. When compensated by a third party, please be fully aware that the third party may have shares and may liquidate it, which may negatively affect the market. When TheStockWizards.net receives free trading shares as compensation for a profiled company, TheStockWizards.net may sell part or all of any such shares during the period in which TheStockWizards.net is performing such services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled companies. In addition, there may be members on this board that receive compensation for particular stock awareness without telling members, so please always use your own buy and sell signals based on your own decisions. Any recent increase in volume or increase in stock price may be due to The StockWizards.com representatives buying. The Stock Wizards intend to sell shares received as compensation for providing Company Background Information, sending opt-in emails, posting charts, videos, site moderation, consulting etc. We do not give price targets in any of our written or recorded material. TheStockWizards.net will not advise as to when we decide to sell and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. Please do your own research and make your own investment decisions. Always remember that
Penny Stock Picks spph