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joakim

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joakim

Re: None

Sunday, 05/24/2009 11:09:58 AM

Sunday, May 24, 2009 11:09:58 AM

Post# of 54
Shares of Sealy Corp. (ZZ, $2.34, -$1.01, -30.15%) dropped Thursday as investors began trading rights from an offering made by the manufacturer of Posturepedic mattresses. SunTrust Robinson Humphrey analyst Keith Hughes said the company's rights offering is "a very dilutive transaction" and the stock declined sharply as the offering's trade settlement date is approaching. On average, it takes about three days to settle the trade, and the rights are scheduled to be active Tuesday.

According to Dow Jones News wire
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