The strong move up follows this week's stock split by the outpatient surgical provider. Internet ventures holding company NetCommerce wants to liberate a subsidiary by issuing a stock dividend to NetCommerce investors. Jefferson Heritage Bank pays 7 cents per share, and conditionally stops stock buy-back program in preparation for sale to Union Planters. The news comes two days after the company announces that it expects to close a merger in the next couple weeks. Split readied as Genentech partner takes center stage in San Francisco conference.
Share price rises on the news.
Rainbow Technologies announces stock split hours before Senate passes China trade bill. Calif.-based Rainbow has joint venture with Internet company near Beijing. St. Louis-based bank sees 21 percent increase in net interest income over last year. REIT to pay about 55 cents per Series E preferred share. Regular dividend unaffected by dip in net earnings.