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NewStar Financial Inc (NEWS.OQ)

NEWS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Newstar reports completion of go-shop process
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Newstar Financial Inc ::Newstar announces completion of “go shop” process.Newstar Financial Inc- ‍expiration of 30 day "go shop" period included in merger agreement between First Eagle Investment Management and Co.Newstar Financial Inc- ‍did not receive any acquisition proposals during go-shop period​.  Full Article

Newstar reports Q3 earnings per share of $0.11
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Newstar Financial Inc :Newstar reports net income of $4.6 million, or $0.11 per diluted share, for the third quarter of 2017 and declares $0.02 quarterly dividend per share.Q3 earnings per share $0.11.Newstar Financial Inc - ‍net interest income increased by $0.6 million to $15.6 million in Q3 compared to $15.0 million in prior quarter​.  Full Article

First Eagle Investment Management agrees to acquire Newstar Financial
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Newstar Financial Inc :First Eagle Investment Management agrees to acquire Newstar Financial.Newstar Financial-‍first Eagle to pay $11.44 per Newstar share in cash plus contingent value rights worth up to an estimated additional $0.88-1.00 per share​.Newstar Financial Inc - ‍Newstar stockholders are expected to receive total consideration estimated at $12.32 to $12.44 per share​.Newstar Financial Inc - ‍agreements with First Eagle and GSO include a 30 day "Go Shop" period​.Newstar Financial Inc - to concurrently sell portfolio of investment assets, including about $2.4 billion in middle-market loans, other credit investments.Newstar Financial Inc - ‍transactions have been approved by Newstar's and First Eagle's boards of directors​.Newstar Financial Inc - to sell portfolio of investment assets to a fund sponsored by GSO capital partners​.Newstar Financial-‍First Eagle to fund merger with cash from its balance sheet, Newstar cash, including from GSO's acquisition of Newstar's assets​.  Full Article

NewStar Financial declares quarterly dividend of $0.02 per share
Tuesday, 14 Feb 2017 

NewStar Financial Inc - :Board of directors adopted a new dividend policy and declared a quarterly dividend of $0.02 per share of common stock.  Full Article

NewStar authorizes new share repurchase program
Friday, 9 Dec 2016 

NewStar Financial Inc : NewStar Financial Inc - Has authorized repurchase of up to $30 million of company's common stock . NewStar Financial Inc - New repurchase program will commence immediately following expiry of company's current program on December 31, 2016 .NewStar authorizes new share repurchase program.  Full Article

NewStar Q2 earnings per share $0.11
Wednesday, 3 Aug 2016 

NewStar Financial Inc : NewStar reports net income of $5.2 million, or $0.11 per diluted share, for the second quarter of 2016 . Q2 earnings per share $0.11 .NewStar Financial Inc says net interest income decreased by $1.6 million, or 7.2%, to $20.9 million in Q2 compared to $22.5 million in prior quarter.  Full Article

Newstar announces retirement of chief investment officer
Thursday, 14 Jul 2016 

Newstar Financial Inc : Newstar Announces Retirement Of Peter Schmidt Fellner, chief investment officer . Newstar's current chief credit officer, dan mccready, will succeed schmidt-fellner as chief investment officer . Schmidt-Fellner, who was a founding member of the company, will remain involved with co as an external advisor .Co's board of directors will be reduced in size by one to seven members.  Full Article

Newstar Financial sells asset-based lending unit to Sterling National Bank
Thursday, 31 Mar 2016 

Newstar Financial Inc NEWS.O:sells asset-based lending business to Sterling National Bank.Says Deal for approximately $112 million in cash, net of debt repayment, fees and transaction expenses.Expects to recognize a gain on sale in Q1 of 2016.says deal structured as sale of Newstar's ownership interests in NSBC and generated net proceeds of approximately $117 million.  Full Article

NewStar Financial Inc expands share repurchase program
Thursday, 11 Feb 2016 

NewStar Financial Inc:Expands share repurchase program.Plan was increased to approve the repurchase of up to an aggregate of up to $30.0 million of Newstar's common stock.Says has authorized an increase to Newstar's existing stock repurchase program.Repurchase plan, as amended, will expire on December 31, 2016.  Full Article

BRIEF-Newstar reports completion of go-shop process

* Newstar Financial Inc- ‍expiration of 30 day "go shop" period included in merger agreement between First Eagle Investment Management and Co