Shares of Hatteras Financial Corp (NYSE: HTS) dropped about 2.2% after the company announced its plans to sell 15 million shares in a public offering.
Shares of Opnext Inc (NASDAQ: OPXT) surged about 50.1% after Oclaro Inc (NASDAQ: OCLR) announced its plans to acquire Opnext in an all-stock deal valued at around $177 million. OPXT shareholders will receive 0.42 shares of OCLR common stock for every Opnext share. The offer price represents around 74% premium to Opnext's closing price on Monday. The deal is likely to close within three to six months.
Societe Generale (OTC: SCGLY) has reduced Chief Executive Frederic Oudea's bonus by 43% for 2011. Oudea's bonus declined to 682,770 euros ($909,900), versus 1.2 million, in the year-ago period, SocGen said in a regulatory filing. Oudea's 2012 compensation in cash and stock has been lowered by 17.6% to 1.32 million euros.
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