Monitor Laboratories’ common stock will be included...
Monitor Laboratories’ common stock will be included in the NASDAQ National Market System today, said Monitor President and Chief Executive Kenneth E. Years.
The American Stock Exchange approved the original listing of 2,850,000 common shares of Handyman, a chain of San Diego-based retail home improvement centers. New issue trading was scheduled to begin today under the ticker symbol HMN.WI. Handyman had been a wholly owned subsidiary of Edison Brothers Stores.
Directors of Mission West Properties have authorized the open-market purchase of as much as 100,000 shares of the Del Mar-based real estate company’s common stock. Directors said they believe the stock to be undervalued. In addition, Mission West has agreed to buy from San Diego-based Intermark one share of its Mission West stock for each share purchased on the open market. The deal will allow Intermark to continue its 50% ownership of Mission West.
Moody’s Investors Service said it upgraded ratings on the first mortgage bonds and pollution control bonds of San Diego Gas & Electric to Double-A3 from Single-A; the debentures to Single-A1 from Single-A; the preferred and the preference stock to Single-A1 from Single-A3, and the commercial paper to Prime-1 from Prime-2. Moody’s related the upgradings in part to “conservative financial management.”
Peak Health Care of Colorado Springs, Colo., on Monday agreed to buy San Diego-based Protective Health Providers in a stock deal valued at nearly $9.1 million. Peak will issue 581,000 shares of its common stock to Protective shareholders.
Applied Micro Circuits, a privately held company, reported a 119% increase in sales to $18.8 million for the fiscal year ended March 31. Net profits were $2 million, compared to a $1.2-million loss during the previous fiscal year.