Good Morning, It's Friday February 24th, 2012, I'm Christina Collins with CRWENewswire Stocks In Action
Cobalt International Energy, Inc. - symbol CIE - reported the pricing of a registered underwritten public offering of 52,000,000 shares of its common stock . Cobalt has agreed to sell 15,700,000 shares of its common stock and the selling stockholders have agreed to sell 36,300,000 shares of Cobalt's common stock, each at a public offering price of $28.00 per share . Total aggregate gross proceeds to Cobalt and the selling stockholders is approximately $1.5 billion. Cobalt intends to use the net proceeds from its sale of shares of common stock to fund its capital expenditures and for general corporate purposes.
Chelsea Therapeutics International, Ltd. - symbol CHTP - recently reported that the Food and Drug Administration's Cardiovascular and Renal Drugs Advisory Committee voted 7-4 with 1 abstention and 1 non-vote to recommend approval of NORTHERA (TM) (droxidopa) for the treatment of symptomatic neurogenic ortho static hypotension in patients with primary autonomic failure, dopamine beta hydroxylase deficiency and non-diabetic autonomic neuropathy.
And lastly, Fashion designer Kenneth Cole is offering to pay about $148.5 million to buy the rest of Kenneth Cole Productions, Inc - symbol KCP - saying it would compete more effectively as a privately-held company.
Thank you for joining me and for CRWENewswire Stocks In Action, I'm Christina Collins.
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