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Latest Business News

3 IPOs Post Gains in 1st Day of Trading

Tuesday, November 22, 2005 6:35:10 PM

WASHINGTON (AP) - Brookdale Senior Living Inc. began its first day of trading with double-digit percentage gains, while chemicals producer Tronox Inc. ended slightly higher.

A third initial public offering from gas-drilling contractor Union Drilling Inc. also finished a bit higher, while a fourth, from Actions Semiconductor Co., was postponed indefinitely.

Brookdale Senior Living closed at $25.43 on the New York Stock Exchange, up 34 percent from its IPO price of $19 a share.


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