Market Watch for Wednesday, July 16, 2008: LGDI Multi-Million Dollar Growth Agreement!
16 July 2008 - 10:27PM
Marketwired
WESTON, FL , Fifth Third Bancorp (NASDAQ: FITB), Activision
Publishing (NASDAQ: ATVID), Applied Materials, Inc. (NASDAQ:
AMAT).
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Legend International Holdings, Inc (OTCBB: LGDI), with phosphate
projects in the State of Queensland, Australia, announced today
that the Company has entered into an extensive Agreement with the
Indian Farmers Fertilizer Cooperative Limited ("IFFCO"). The deal
includes a financing arrangement with possible total proceeds to
Legend of over $100 million.
Legend CEO Joseph Gutnick said, "I am very excited by the
opportunity to work with IFFCO, a cooperative representing 50
million farmers and the largest fertilizer company in the
burgeoning Indian market. The long term track record of IFFCO and
its market coverage, provide Legend International Holdings, Inc. a
customer who has the capacity and financial strength to commit to
large volumes of phosphate on an annual basis for the life of the
project."
Other stocks highlighted include Fifth Third Bancorp (NASDAQ:
FITB): Watch List, down 6% on 40 million shares, Activision
Publishing (NASDAQ: ATVID): Watch List, up 7% on 19 million shares,
Applied Materials, Inc. (NASDAQ: AMAT): Watch List, up 1% on 34
million shares.
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