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Three Gainers: Apco Oil and Gas International Inc. (NASDAQ:APAGF), Immune Design Corp. (NASDAQ:IMDZ), Diversicare Healthcare Services Inc. (NASDAQ:DVCR)

Posted in Business, Health2 years ago • Written by Robert JohnsonNo Comments

Dallas, Texas, 10/06/2014 (ustrademedia) – Apco Oil and Gas International Inc. (NASDAQ:APAGF) will be acquired by Pluspetrol Resources Corp. in a $427 million deal. As per the agreement, Apco shareholders will receive $14.50 per share in cash, suggesting 18 percent premium to its Wednesday’s closing. Apco’s Board of Directors have approved the transaction and is now subject to shareholder’s approval. Controlling stakeholder WPX Energy Inc. (NYSE:WPX) also supports the merger agreement, according to the company statement. WPX Energy holds 69 percent equity interest and will receive $294 million for its stake. Apco operates in Argentina and Colombia. Argentina-based PLUSPETROL is the largest oil and gas Production Company in Peru and one of the major players in Argentina.

Immune Design Corp. (NASDAQ:IMDZ) was added to the Russell 2000® Index after the NASDAQ market closed on September 30, 2014. The stock was added as part of Russell Investments’ quarterly addition of select IPO companies. Immune Design has delivered nearly 78.5 percent returns since its listing in late July. On Friday, it marked a fresh high of $22.47, before closing at $21.50. Immune Design was also added to the appropriate Russell growth and value indexes. Institutional investors and fund managers refer to Russell indexes as benchmarks for active investment strategies. The Russell 2000 Index which is a subset of Russell 3000® Index measures performance of the small-cap companies.

Diversicare Healthcare Services Inc. (NASDAQ:DVCR) recently assumed operations of a Greenville-based skilled nursing center. The company acquired this 62-bed facility on October 1, 2014. This newly leased facility will be rebranded as ‘Diversicare of Greenville.’ The acquisition will expand the company’s operational footprint in Kentucky and will bring more than $4.5 million in annual revenues. Diversicare CEO, Kelly Gill, mentioned that the company is looking forward to partner with quality caregivers as part of it is mulling strategies for portfolio expansion. Earlier in August, the company acquired operations at two facilities in Ohio. These facilities are estimated to add approximately $9 million in annual revenues.

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