National Bank of Greece (ADR)(NYSE: NBG) shares decreased 10.49% to $1.64. The company said that it would be involved in a large bond repurchase plan that intends to lower the country’s debt load, while securing the disbursement of its international bailout loans. The government will spend approximately €10 billion, or $13 billion, in the buyback, which will offer between 30% and 40% of the face value.
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Cell Therapeutics Inc(NASDAQ: CTIC) shares increased 4.49% to $1.34. The company announced that its Board of Directors has approved certain amendments to CTI's existing shareholder rights plan to decrease the exercise price of the preferred stock purchase rights under the Rights Plan from $14.00 to $8.00 and to extend the "final expiration date" from the close of business on the third anniversary of January 7, 2010, to the close of business on December 3, 2015. The Rights were initially distributed as a dividend on each share of CTI's common stock outstanding on the Record Date and currently trade with each outstanding share of CTI's common stock.
Clearwire Corporation(NASDAQ: CLWR) shares dropped 12.17% to $2.96. Sprint Nextel Corp. (S) is studying strategic options for its wireless partner Clearwire Corp. (CLWR), including a full takeover of the business. As part of the discussions, Sprint is in talks to buy out Clearwire’s minority shareholders (CLWR). Sprint, which owns more than 50% of Clearwire, agreed to buy Eagle River Holdings LLC’s 4.5 percent stake in the business in October for $2.97 a share. A $3-a-share value will serve as a benchmark for future transactions.
Sequenom, Inc.(NASDAQ: SQNM) stock fell 3.53% to $4.64. The company announced that the U.S. Patent and Trademark Office has withdrawn the issuance of U.S. Patent No. 8,340,916. Sequenom has been informed by the Patent and Trademark Office that issuance was withdrawn in connection with an anticipated patent interference proceeding between parties with pending patent applications or issued patents directed to similar subject matter.
AuRico Gold Inc (USA)(NYSE: AUQ) stock gained 0.24% to $8.28. The company announced that following its receipt of gross proceeds of $750 million relating to the recent sale of the Ocampo mine, the Board of Directors has authorized the making of a substantial issuer bid, pursuant to which the Company will offer to purchase for cancellation up to 36,144,578 of its outstanding common shares for an aggregate purchase price not exceeding $300 million. AuRico anticipates that the Offer will commence on or about December 18, 2012 and be completed in late January 2013, unless extended or withdrawn.
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