Andersons (ANDE) Becomes Takeover Target; Goldman Sachs Visualizes Upside In Tesla Motors (TSLA)
Shares of Andersons, Inc. (Nasdaq:ANDE) soared more than 25% in the extended session Tuesday after Philip Falcone’s HC2 Holdings, Inc. (NYSEMKT:HCHC) said that it had made an offer to acquire the company for $37.00 per share in cash – Andersons rejected the unsolicited takeover proposal before the opening bell on Wednesday -.
ANDE stock closed at $25.94, down $0.59 (or -2.22%) with a total volume of 349,157 shares traded during the day, representing an increase in activity versus its average volume (3m) of 183,106
Andersons, which engages in the grain, ethanol, plant nutrient, railcar leasing, turf and cob products, and retailing businesses, has 27.94M Shares Outstanding and ANDE stock 52-week range is between $23.25 and $46.24 per share. At close on Tuesday, the company had a Market Capitalization of $724.85M.
Tesla Motors, Inc. (Nasdaq:TSLA) shares finished Tuesday’s trading session at $204.66, down $3.63 (or -1.74%) and 2,843,597 of its shares exchanged hands during the day
Brokerage firm Goldman Sachs upgraded the company’s stock from a Neutral to a Buy rating with a price target of $250.00
The electric-car maker recently said that it expects to deliver between 80,000 and 90,000 new vehicles this year
Tesla Motors, which designs, develops, manufactures, and sells electric vehicles and stationary energy storage products, has 133.94M Shares Outstanding, Market Capitalization (intraday) of $27.41B and TSLA stock one-year range is from $141.05 to $286.65 per share
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