ExlService Holdings, Inc. (NDAQ:EXLS)
S-1 Filing by the Company
ExlService IPO'd today at $13.50 per share, above its expected range of
$10 to $12 per share. The stock moved up to $17.13 after its debut, up
nearly 27%. ExlService Holdings, Inc. is a recognized provider of
end-to-end
offshore services, including Business Process Outsourcing (BPO),
research and analytics, and risk advisory services. It primarily serves
the needs of Global 1000 companies in the banking, financial services
and insurance sector.
Granite Construction Incorporated (NYSE:GVA)
Press Release
Granite Construction issued a statement today in response to rumors
that the company is a potential takeover target. According to the
company "they are not aware of any
developments that would substantiate a rumor contained in a news
article
issued yesterday that speculates of a possible takeover of Granite
Construction."
Optimal Group, Inc. (NDAQ:OPMR)
13D/A Filing by Clinton Group
Optimal Group received a letter from the Clinton Group today, via a 13D
filing with the SEC, urging them to return a portion of their large
cash position to shareholders through a special dividend or share
buyback. Moreover, the letter demanded that the company immediately
attempt to put itself up for sale. If any of these actions materialize,
it could mean significant returns for shareholders in the short term.