subject: Stock Update On Crwe, Pactiv Corp. ( Ptv ) Merger And Pacific Ethanol ( Peix ) Financials - Pennytob [print this page] Pactiv Corporation (NYSE:PTV), a leader in the consumer and foodservice packaging markets, has reported it has entered into a definitive merger agreement to be acquired by Reynolds Group Holdings Limited, a leading global manufacturer and supplier of consumer food and beverage packaging and storage products headquartered in Chicago, Illinois, in a transaction valued at approximately $6 billion.
Reynolds is a wholly owned subsidiary of New Zealand-based Rank Group Limited, which is owned by Graeme Hart.
PTV shareholders will receive $33.25 in cash for each share of PTV common stock held.
Pactivs board of directors unanimously approved the merger agreement and will recommend that Pactivs common shareholders approve the transaction.
Crown Equity Holdings, Inc. (OTCBB:CRWE) has reported its financial information for the past 6-months, period ending June 30, 2010.
Revenue for the past six months has totaled $678,988, compared to $84,357 during the same period in 2009.
CRWE has incurred an operating loss of $26,739 for the six months ending June 30, 2010, compared to an operating loss of $245,796 during the same period in 2009. CRWE incurred a net loss of $201,658 for the six months ending June 30, 2010, compared to a net loss of $255,006 for the same period in 2009. The net loss in 2010 was due primarily to an unrealized loss of $169,195 on securities held by CRWE.
CRWE has increased their workforce to an amount of 35, compared to this time last year's head count of 6, which is a 580% personnel increase. This is in addition to the 10 contractors we recently hired in Pakistan.
CRWE has also expanded its Internet footprint internationally to include the following 20 countries; Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.
CRWE has also recently reported they have finalized their 1-10 stock split and was put into effect as of August 3rd, 2010.
Their CEO Ken Bosket said "The Company and shareholders are elated to see their shares multiplied by ten. 10,000 shares became100,000 shares and 100,000 shares became 1,000,000 shares, and we believe this is just the beginning."
This will be CRWE second forward stock in the last 3 years, their previous stock split was also a 1-10 forward split.
Crown Equity Holdings is a news service containing news from around the world, and an advertising media, consisting of :
CRWE has recently opened offices in Pakistan and Germany. Its mission is to become a world-renowned provider of media for information and up-to-date news.
CEO of Crown Equity Holdings, Ken Bosket concluded, "Watch us grow, we are debt free, and our revenues have been increasing every quarter."
Pacific Ethanol, Inc. (Nasdaq:PEIX), the leading West Coast marketer and producer of low-carbon renewable fuels, reported its financial results for the three and six months ended June 30, 2010.
Financial Results for the Quarter Ended June 30, 2010 Compared to 2009:
Net sales grew 9% to $76.8 million, compared to $70.1 million, reflecting an increase in sales from the Magic Valley facility, which was partially offset by a change in PEI's method of reporting sales volume associated with Front Range.
Total gallons sold rose 88% to 65.4 million gallons from 34.7 million gallons.
Average sales price of ethanol decreased by $0.08, to $1.67 per gallon, compared to an average sales price of $1.75 per gallon.
Grew net sales 9% and total gallons sold 88% compared to second quarter 2009
Reduced SG&A expenses 49% compared to second quarter 2009
Improved Adjusted EBITDA by $8.4 million compared to second quarter 2009
Eliminated $304 million in debt and other liabilities
Net income available to common stockholders for the six months ended June 30, 2010 was $96.1 million.
Adjusted EBITDA for the six months ended June 30, 2010 was negative $13.2 million, which included reorganization costs of $4.2 million, compared to negative $24.3 million, which included reorganization costs of $9.5 million, for the same period in 2009.
There is no telling where they will go. As Always Do Your OWN Research.
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