Boston, MA 04/01/2014 (wallstreetpr) – Supreme Industries, Inc. (NYSEMKT:STS) announced Monday that it has closed the previously disclosed transaction to sell its shuttle bus business to Forest River Inc. The company expects a small gain from the transaction to be recorded in its first quarter ended March 29. Further details about the transaction were not made public as the company promised to provide additional details when it reports the first quarter financial results. The company is a leading provider of specialty vehicles truck bodies and its transportation machines are used by law enforcement agents, commercial and industrial customers. Supreme Industries, Inc. (NYSEMKT:STS) noted heavy volume trading Monday during which shares rose 8.9 percent to close at $7.71, touching a new 52-week high.
Summit Midstream Partners LP (NYSE:SMLP) is focused in owning and developing of midstream energy platform assets located in key production areas. Shares of the company continue to draw strength from the recent successful completion of unit offering. The company recently undertook unit offer of which it received about $198 million in the offering which involved institutions such as Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C) and other as joint book-running managers. Perhaps the excitement around the stock is not limited to the successful offering, but the fact that the company announced that proceeds from the transaction will go into funding pending acquisitions, a move that is expected to boost the company’s earnings and stock price.
Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) is reported to have agreed with the shareholders of CEE Opportunity Partners Poland for the acquisition of a bigger stake in the company. PESI has agreed to acquire 80 per share capital stake. The finer details of the transaction such as cost of the deal were not immediately revealed. The agreement to boost position in share capital stake of CEE comes just when PESI has announced a new COO in the form of John Lash, taking over from James Blankenhorn in interim capacity.
