SmallCapReview: Small Cap Stocks To Watch - KTOS, FSIN
(M2 PressWIRE Via Acquire Media NewsEdge) Kratos Defense & Security Solutions (Nasdaq: KTOS) $4.99. Today announced that it recently received a new $8 million order for specialized equipment related to a certain Missile Defense program. Under this award, Kratos will design, engineer, manufacture and deliver specialized equipment related to the Missile Defense system. The equipment Kratos will be providing will be produced in a secure Kratos manufacturing facility. Due to customer-related and other considerations, no additional information will be provided related to this recent contract award.
What They Do: Kratos Defense & Security Solutions is a specialized National Security technology business providing mission critical products, services and solutions for United States National Security.
Fushi Copperweld (Nasdaq: FSIN) $9.33. Today announced the following update with respect to the Agreement and Plan of Merger, dated as of June 28, 2012, among the Company, Green Dynasty Limited ("Green Dynasty"), Green Dynasty Acquisition, Inc. ("Merger Sub"), and Green Dynasty Holdings Limited, pursuant to which Merger Sub will merge with and into the Company and the Company will continue as the surviving corporation and will be a wholly-owned subsidiary of Green Dynasty (the "Merger"):"We expect to complete the Merger today, December 26, 2012.
We are requesting that shares of the Company common stock cease trading on NASDAQ immediately prior to the opening of the market on December 27, 2012.We anticipate that the paying agent for the Merger will commence payment of the Merger consideration to stockholders beginning on December 27, 2012.Stockholders of record who hold shares in certificated form will receive a letter of transmittal to allow them to deliver their share certificates to the paying agent in exchange for the Merger consideration.Stockholders who hold shares through a bank or broker will not have to take any action to receive cash for their shares, as such payments will be handled by the bank or broker."
What They Do: Fushi Copperweld Inc., principally through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co. Ltd. and Copperweld Bimetallics LLC, is the leading manufacturer and innovator of copper-clad bimetallic engineered conductor products for electrical, telecommunications, transportation, utilities and industrial applications.
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