Updating RESTORATION HARDWARE INC., GABRIEL RESOURCES, NISSAN MOTOR CO.

Article Excerpt

RESTORATION HARDWARE INC. $6.91 (Nasdaq symbol RSTO; SI Rating: Extra risk) (415-924-1005; www.restorationhardware.com; Shares outstanding: 38.9 million; Market cap: $269.0 million) has agreed to give Sears Holdings, symbol SHLD on Nasdaq, access to its financial data. Sears has said it’s prepared to offer $6.75 a share in cash for each Restoration share if an analysis of the data is positive. That’s higher than an earlier management buyout offer of $6.70 a share. Sears is now Restoration’s largest shareholder with a 13.7% interest. Restoration is now trading above the latest offer, so higher bids are likely. Restoration is still a hold. GABRIEL RESOURCES $1.58 (Toronto symbol GBU; SI Rating: Speculative) (416-955-9200; www.gabrielresources.com; Shares outstanding: 254.9 million; Market cap: $402.7 million) has announced plans to scale back work at its 80%-held Rosia Montana gold project in Romania. The company will cut about two-thirds of the 325 full-time jobs at the project. In September 2007, the Romanian government suspended the environmental review process for Rosia Montana…