American Oriental Bioengineering Continues To Fall During Pre-Market

Tue. July 08, 2008; Posted: 08:47 AM

(RTTNews) - American Oriental Bioengineering Inc. (AOB | Quote | Chart | News | PowerRating) is continuing to show weakness during Tuesday's pre-market trading following news of an upcoming stock offering.

At 8:45 am ET the stock is trading at $8.11 down $0.33 from Monday's close.

With the decline, the stock stands to open having extended recent losses and at its lowest level in over three months.

The company said that it plans to offer $85 million aggregate principal amount of convertible senior notes due 2015 in a private placement.

For full details on American Oriental Bioengineering Inc (AOB) click here. American Oriental Bioengineering Inc (AOB) has Short Term PowerRatings of 6. Details on American Oriental Bioengineering Inc (AOB) Short Term PowerRatings is available at This Link.

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