BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
(The following story is developing and contains some corrections and updates from our earlier coverage. More updates ahead.)
Shares of the Orchard Enterprises (Nasdaq: ORCD) kept surging in Tuesday trading, the result of a stock buyout proposal by majority owner Dimensional Associates. Dimensional, the private equity arm of JDS Capital, is now offering a per-share price of $1.84. (Initially, we reported that $1.68 was the most recent offer, though this is not the case - to clarify, the offer has been raised).
The Orchard (ORCD), traditionally a lightly-traded, low-hanging stock, has now become a hot item, surging at one point to $1.70 during the day. At the bell, shares finished at $1.65, up nearly 14 percent from a Monday closing valuation of $1.45.
Sounds interesting, though the company offered no guarantee that the stock purchase would be finalized. "There can be no assurance that any agreement on financial or other terms satisfactory to the [recently created] Special Committee will be reached with Dimensional or that any transaction will be approved or consummated," the filing warned.
To clarify other details confirmed by the company through public filings:
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