A tussle on the Russell

The Russell 2000 and the other major U.S. indices are seesawing on both sides of Wednesday’s closing levels this morning. At 11:19 a.m. ET the Russell 2000 was up 0.32 points, or 0.04%, to 836.50. The Dow Jones Industrial Average was up 14.39 points, or 0.11%, to 13,503.81.

Shares of NovaMed Inc. (Nasdaq: NOVA) are sagging following news the provider of healthcare services intends to offer $52.5 million worth of senior notes due 2012. As part of the offer, underwriter Deutsche Bank Securities Inc. will be given the option purchase up to $7.5 million additional notes, the Chicago-based company said after Wednesday’s close. NovaMed said it will use part of the proceeds to repay its debt.

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