Stewart Enterprises, Inc (NASDAQ:STE) shares up by 0.31%, Fifth Third Bancorp (NASDAQ:FITB)

Posted by Kristi Scott May 31, 2013 0 Comment 919 views

Stewart Enterprises, Inc (NASDAQ:STE): Thursday’s trading session saw Stewart Enterprises, Inc (NASDAQ:STE) rising by 0.31%. The opening price of $12.99 climbed to an intraday high of $13.04 before settling down to close at $13.01 per share. The average volume of 3.04 million was measured over a 30 days.

Rigrodsky & Long, P.A announced that they are investigating some potential legal claims that have been filed against Stewart Enterprises, Inc (NASDAQ:STE)’s board of directors. These claims are regarding some possible breaches of fiduciary-duties as well as other law violations. These law violations are connected to the Stewart Enterprises, Inc (NASDAQ:STE)’s signing of an agreement with Service Corporation International. The latter will be buying out STE in a transaction that is valued at around $1.4 billion. Under the agreement terms, Stewart Enterprises, Inc (NASDAQ:STE)’s public shareholders will receive $13.25/share in cash for every Stewart share they own. This investigation is regarding whether the STE board of directors failed to shop the Company adequately to gain the best possible value for its shareholders.

Fifth Third Bancorp (NASDAQ:FITB): Thursday’s trading session saw Fifth Third Bancorp (NASDAQ:FITB) rising by 0.32%. The opening price of $18.46 climbed to an intraday high of $18.74 before settling down to close at $18.53 per share. The average volume of 7.72 million that was measured over a 30 days

FITB is scheduled to report 2013 Q2 fiscal results on Thursday, 18 July 2013. Fifth Third Bancorp (NASDAQ:FITB) is a financial services company. Its headquarters are in Cincinnati, Ohio. It has assets worth $121 billion and the company operates 18 affiliates. These have 1,321 full service Banking Centers. These banking centers include 104 Bank Mart locations which are open seven-days a week. They are inside specific grocery stores. Fifth Third Bancorp (NASDAQ:FITB) has 2,430 Automated Teller Machines in Ohio, Pennsylvania, Indiana, Georgia Michigan, Kentucky, Florida, Tennessee, Illinois, Missouri, West Virginia, and North Carolina. FITB operates these main businesses: Branch Banking, Commercial Banking, Investment Advisors and Consumer Lending.  The company also has a 28 percent interest in Vantiv Holding, LLC.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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