(LIZ, GLA, FNSR) CRWENewswire Stocks In Action

Good Friday Morning, Its September 2nd, 2011, I’m Sara Bryant with CRWENewswire Stocks In Action. Liz Claiborne Incorporated - symbol LIZ - has agreed to sell its global Mexx business to The Gores Group, LLC, in exchange for 18.75% of the common equity of the joint venture and      total cash consideration of $85 million; according to the company, this transactoin strengthens Liz Claiborne’s financial position and enables it to de-consolidate the losses from Mexx. An affiliate of The Gores Group, LLC will acquire all of the outstanding equity of Clark Holdings Incorporated - symbol GLA -. Clark’s stockholders may receive $0.46 in cash per share at the time of the merger. and finally; Finisar Corporation - symbol FNSR - posted revenues of $228.2 Million on its First Quarter Fiscal 2012, a 9.8% Year-to-Year Growth and exceeding its prior guidance for non-GAAP earnings per diluted share. Thanks for joining me and have a great weekend! For CRWE Newswire, Stocks In Action, I’m Sara Bryant

Categorie: Video blog

Etichete: clark holdings, amex, finisar, finisar corp