AT&T in Discussions to Buy DirecTV for $50B; Prospect Capital Corporation Increases Revolving Credit Facility Commitments


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NYSE:T / NASDAQ:PSEC / NASDAQ:DXPE / OTC:BB:ALKM
05/14/2014 [ACCESSWIRE]

AT&T, Inc. (NYSE: T) - For an in-depth report on AT&T, Inc. follow: www.BullTrends.com/stockquote/T

Shares of AT&T closed down 1.01% on about 34 million shares traded on Tuesday. The stock was one of the most active stocks on the NYSE. Sources have said that AT&T is in discussions to buy satellite TV provider DirecTV in a deal that could be worth close to $50 billion. The company is discussing an offer in the low- to mid-$90s per share for DirecTV.

Prospect Capital Corporation (NASDAQ: PSEC) - For an in-depth report on Sirius XM Holdings Inc. follow: www.BullTrends.com/stockquote/SIRI

Shares of PSEC closed down 2.39% on Tuesday with nearly 25 million shares traded. The stock was one of the most active stocks on the NASDAQ and hit a new yearly low of $9.17 during intra-day trading.  The company announced that it has increased in its revolving credit facility commitments. Prospect Capital announced it increased the total commitments to its five-year $1 billion revolving credit facility by $45 million, to an aggregate total of $837.5 million. The accordion feature of the credit facility allows Prospect to accept an aggregate of $1 billion of revolving commitments. Prospect expects to reach $1 billion in aggregate with new and existing lenders.

DXP Enterprises, Inc. (NASDAQ: DXPE) - For an in-depth report on DXP Enterprises, Inc. follow: www.BullTrends.com/stockquote/DXPE

DXP Enterprises closed down 39.29% on about 2.8 million shares traded. The stock was one of the biggest decliners on the NASDAQ. The company reported first-quarter earnings and revenue below analysts' estimates. Over the three months to March, the company reported net income of 75 cents a share, 42 cents lower than analysts surveyed by Thomson Reuters had forecast. Revenue of $348.5 million was 20.1% higher year over year, but also missed expectations of $378 million. 

Alkame Holdings, Inc. (OTCBB: ALKM) - For an in-depth report on Alkame Holdings, Inc. follow:  www.BullTrends.com/stockquote/ALKM

Shares of ALKM closed down 42.83% on about 1.1 million shares traded on Tuesday. The stock was one of the biggest decliners in the OTCBB market. Despite the drop, the company announced that Alkame's patented formula alkaline bottled water products will soon be available at all Tops Markets, a leading full-service grocery retailer in upstate New York, northern Pennsylvania, and northern Vermont. 

 

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