FNFG Strong Financial Results and Update on Merger with NewAlliance Bancshares, Inc. – (FNFG, SOLF, CROX, TTWO, ASBC)

Dear PSL members First Niagara Financial Group Inc. seems highly involved in seeking growth and expansion as showed sharp increase in earnings as reported $45.6 million which was twice from previous results. It also declared dividend of $0.22 per share. The FNFG is still engaged in process of merging with NewAlliance and taking time to complete the legal documentation required. Both companies are heading towards finalization of key position holding matters where First Niagara reconfirmed its plan to hold all customer dealing related positions of NewAlliance. A call for special meetings is also expected from both sides in next month or later. First Niagara Financial Group Inc. (NASDAQ:FNFG) increased 0.25%, closing the day at $12.11 with the overall trading volume 2.04 million shares for the day. Its market capitalization is $2.53 billion and in 52 weeks the price range remained $11.23 – $14.88. Solarfun Power Holdings Co., Ltd. (ADR) (NASDAQ:SOLF) gained 2.29%, closing the day at $10.28 with the overall trading volume of 2.04 million shares for the day. Its market capitalization is $597.70 million and in 52 weeks the price range remained $4.48 – $13.48. Crocs, Inc. (NASDAQ:CROX) jumped 0.30%, closing the day at $13.55 with the overall trading volume of 1.91 million shares for the day. Its market capitalization is $1.17 billion and in 52 weeks the price range remained $4.33 – $14.94. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) dropped 0.49%, closing the day at $10.16 with the overall trading volume of 1.74 million shares for the day. Its market capitalization is $863.37 million and in 52 weeks the price range remained $7.00 – $12.57. Associated Banc-Corp (NASDAQ:ASBC) plunged 0.82%, closing the day at $13.31 with the overall trading volume of 1.60 million shares for the day. Its market capitalization is $2.30 billion and 52 week price range remained $10.25 – $16.29.
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