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Stock Market & Financial Investment News

News Breaks
August 18, 2014
10:43 EDTEGHT, MOBI, LITB, SNSS, LCI, CSTM, TRP, AFLHigh option volume stocks
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November 27, 2015
13:17 EDTAFLAflac holds a conference call
Conference call to discuss 2016 outlook will be held on December 3 at 9 am. Webcast Link
06:57 EDTLCILannett completes acquisition of Kremers Urban for roughly $1.23B
Lannett Company (LCI) announced that it has completed the acquisition of Kremers Urban Pharmaceuticals, the U.S. specialty generic pharmaceuticals subsidiary of global biopharmaceuticals company UCB S.A. (UCBJY). Lannett has acquired KU from UCB for total consideration of approximately $1.23B, subject to certain adjustments, including a customary working capital adjustment, a deduction of certain reimbursable amounts payable in connection with the financing of the transaction, and a reduction for any indebtedness and unpaid transaction expenses of KU existing at closing. In connection with the transaction, Lannett issued to UCB $200M senior unsecured notes along with 2.5M warrants, which may be net settled. UCB will also be eligible to receive contingent payments for Methylphenidate HCI ER when the product's AB rating is restored. The combined company generated pro-forma revenues of more than $800M for the 12 months ended June 30, 2015. KU brings a diversified commercial product portfolio of 18 products; a strong pipeline that includes 11 product applications pending at the FDA.
November 25, 2015
10:03 EDTCSTMHigh option volume stocks
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November 24, 2015
05:37 EDTCSTMConstellium to build greenfield manufacturing facility Bartow County, Georgia
Constellium announced that it will construct a new manufacturing facility in Bartow County, Georgia, in response to growing demand for its automotive structures in North America. This project represents a $20M investment by Constellium and an additional $12M investment by developer Seefried Properties, for a total project value of $32M. Construction of the plant will begin in early 2016 with start of production anticipated in 2017. Constellium expects to create approximately 150 high-tech manufacturing jobs at this location by 2019.
November 22, 2015
17:19 EDTTRPCanada halts TransCanada pipeline development after multiple drill fluid spills
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November 19, 2015
08:03 EDTTRPTransCanada announces 21.27M share NCIB
TransCanada announced that the Toronto Stock Exchange has approved its normal course issuer bid to purchase, for cancellation, up to 21.27M of its common shares, representing approximately 3% of the company's 709.01M issued and outstanding common shares listed on the TSX as of November 13.
November 18, 2015
12:25 EDTTRPTransCanada withdraws Keystone pipeline application in Nebraska, Bloomberg says
TransCanada is withdrawing its application for approval of the Keystone XL pipeline in Nebraska, reports Bloomberg. A company spokesman said in an emailed statement that it's inappropriate for the Nebraska Public Service Commission to move forward with a review of the route in the state while the company considers its next step. Reference Link
November 17, 2015
06:24 EDTTRPEnbridge reduces workforce in Canada, U.S. by 5%, Reuters says
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November 16, 2015
16:19 EDTCSTMPoint72 Asset Management reports 5.1% passive stake in Constellium
08:41 EDTTRPTransCanada subsidiary signs contracts
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06:46 EDTMOBISky-mobi reports Q3 EPS 7c, EPS per ADS 9c
Reports Q3 revenue $17.8M or RMB 113.3M vs. RMB 211.1M last year. Reports Q3 smartphone business revenue $17.1M.

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