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Stock Market & Financial Investment News

News Breaks
July 31, 2013
11:36 EDTIDIX, NTE, CYBX, SM, OLNHigh option volume stocks: OLN SM CYBX IDIX NTE
News For OLN;SM;CYBX;IDIX;NTE From The Last 14 Days
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March 4, 2015
17:02 EDTOLNOlin Corp. lifts force majeure at McIntosh, AL plant
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February 26, 2015
15:09 EDTCYBXCyberonics downgraded earlier to Neutral from Buy at Sidoti
09:25 EDTCYBXOn The Fly: Pre-market Movers
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07:20 EDTCYBXCyberonics backs FY15 adjusted EPS view $2.33-$2.39, consensus $2.37
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07:17 EDTCYBXCyberonics reports Q3 adjusted EPS 59c, consensus 57c
Reports Q3 revenue $72.1M, consensus $72.02M.
06:21 EDTCYBXCyberonics to host conference call
Conference call to discuss merger agreement with Sorin Group will be held on February 26 at 8 am. Webcast Link
06:04 EDTCYBXCyberonics and Sorin Group to merge into new medical technology company
Cyberonics and Sorin S.p.A., a global medical device company, announced their merger plan to create a new medical technologies company with a combined equity value of approximately $2.7B. The proposed transaction has been unanimously approved by the boards of directors of both companies. Sorin and Cyberonics will combine under a newly formed holding company, "NewCo", which the parties will name prior to closing. Each Cyberonics stockholder will receive one ordinary share of NewCo for every share of Cyberonics owned. Each Sorin shareholder will receive a fixed ratio of 0.0472 ordinary shares of NewCo for every Sorin share owned. Following completion of the transaction, Sorin shareholders will own approximately 46% of NewCo, and Cyberonics shareholders will own approximately 54%. Sorin CEO Andre-Michel Ballester will serve as CEO of NewCo and Cyberonics CEO Dan Moore will become non-executive Chairman. The combined company will have pro-forma revenues of approximately $1.3B and the merger is expected to be cash EPS accretive to all shareholders from 2016. NewCo will be domiciled in the UK and will apply for dual-listing on NASDAQ and the London Stock Exchange. The transaction is currently expected to be completed by the end of 3Q15.
February 25, 2015
17:03 EDTCYBXCyberonics announces CE Mark approval of VITARIA System
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February 24, 2015
17:37 EDTSMSM Energy estimate of proved reserves as of December 31, 2014, 547.7 MMBOE
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17:36 EDTSMSM Energy sees FY15 production 60.4 to 63.5 MMBOE
Based on the capital budget and program, SM Energy anticipates full-year 2015 production to range from 60.4 to 63.5 MMBOE (165 - 174 MBOE/d). The midpoint of the company's provided guidance represents annual production growth of approximately 12% year over year. Production for the first quarter of 2015 is expected to be essentially flat to the fourth quarter of 2014, with production declining approximately 1% per quarter for the remainder of the year due to the reduction in rig activity and deferral of well completions throughout the year. The company's production mix for 2015 is expected to be similar to that of 2014.
17:35 EDTSMSM Energy sees FY15 CapEx $1.2B, down 43% from FY14 levels, ex-acquisitions
17:34 EDTSMSM Energy reports Q4 adjusted EPS $1.05, consensus $1.10
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