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Legend International Holdings, Inc (OTCBB: LGDI | Quote | Chart | News | PowerRating) with phosphate projects in the State of Queensland, Australia announced today the executive appointments of Mr. Ed Walker as Project Manager, Mr Nigel D'Souza as General Manager Logistics and Mr Mark Edwards as Manager Geology; that new research on Legend has been initiated by Bank of Montreal Capital Markets; and welcomes Soros Fund Management LLC to its register. Soros Fund Management recently announced that it had increased its interest in Legend to 23,031,180 (10.18%) shares of common stock.
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CDC Corporation (NASDAQ: CHINA), down 10% on .5 million shares, a leading global enterprise software and new media company, announced today its preliminary third quarter results will exceed Wall Street consensus estimates with revenue from continuing operations expected to be approximately (U.S.)$103.0 - 104.0 million, an increase of approximately 6 percent year over year, and adjusted EBITDA(a) from continuing operations estimated to be between (U.S.)$11.0 to (U.S.)$12.0 million. For the third quarter of 2007, the company generated total revenue of $98.5 million from continuing operations.
Searching for real estate is about to get easier, faster and more exciting as Move, Inc. (NASDAQ:MOVE), down 2% on .3 million shares, the leader in online real estate, today announces the launch of the new Realtor.com Web site into public availability. Statistics on visitor search behavior captured during the Beta test period indicate Move has made the right enhancements at the right time.
ZVUE Corporation (NASDAQ:ZVUE), down 1% on .1 million shares, a global digital entertainment company, today announced the addition of three members effective October 24, 2008 to its Board of Directors, and as a result, regained compliance with NASDAQ's rules regarding the number of independent directors and audit committee members. The new members of ZVUE's Board of Directors are, Mr. Mart Bailey, Mr. Jason Lyons, and Mr. Mark Mansfield.
Ariba, Inc. (NASDAQ:ARBA), down 20% on 5 million shares, the leading spend management solutions provider, today announced that Hays plc, the global leader in specialist recruitment, will leverage its on-demand offerings to drive a strategic spend management initiative aimed at lowering costs, increasing efficiencies and accelerating returns on investment. Under the terms of a newly-signed agreement, Hays will implement Ariba's solutions to standardize and streamline its sourcing and contract management processes in ways that positively impact the company's operations and results.
HLTH Corporation (Nasdaq: HLTH), down 1% on 1 million shares, announced today that it has commenced its tender offer to purchase up to 80,000,000 shares of its common stock at a price per share of $8.80. The number of shares proposed to be purchased in the tender offer represents approximately 43% of HLTH's currently outstanding shares. The last reported sales price per share of HLTH common stock on the NASDAQ Global Select Market on October 24, 2008 was $8.06 per share.
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All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRGP has been compensated forty five thousand dollars for LGDI. CRGP intends to sell its shares. CRGP and its web site are operated under a license from Capital Research Group, Inc., TheSUBWAY.com Inc. and One Source Solutions Inc. (Licensors) and CRGP is not the agent of any of the Licensors and CRGP is solely responsible for all statements made herein. CRGP's affiliates, officers, directors and employees intend to buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. CRGP will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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