Global News

Exactly one month ago today, on 17 October, ADVFN brought you an update on the Valeant (TSX:VRX) hostile pursuit to acquire Botox-maker Allergan (NYSE:AGN). As of that date, the Allergan share price was $186.80, based on an continued expectation-exceeding third quarter results. That made Valeant’s takeover bid of $179.00 per share look ridiculous by comparison. Although […]

The Virgin America IPO (NASDAQ:VA) took off at $23.00 late yesterday, right down the middle of the runway that had been defined as being $21.00 to $24.00 wide. When it went public at 10:02 a.m. it had reached an altitude of $27.00 before ascending to $31.19 and cruising home at $30.00. VA’s share price is […]

Four o’clock in the afternoon is a favorite time of the day for the executives of U.S.-listed companies to make major announcements. And when they do, they can generate a flurry of activity from the trading floor to the front page. Technically, there has been no major announcement from either Halliburton (NYSE:HAL) or Baker Hughes […]

New COO Newell Rubbermaid (NYSE:NWL) today announced the appointment of Christopher O’Leary, executive vice president and chief operating officer, International, of General Mills to the company’s board of directors, effective November 11, 2014. O’Leary, age 55, will serve on Newell Rubbermaid’s Nominating/Governance and Organizational Development & Compensation...

Larger losses than 2013 Conatus Pharmaceuticals Inc. (Nasdaq:CNAT), a biotechnology company focused on the development and commercialization of novel medicines to treat liver disease, today announced financial results for the quarter and nine months ended September 30, 2014, and provided updates on its clinical development programs. Financial Results: The net loss for the third quarter […]

Axalta (NYSE:AXTA) floated its IPO today to a great deal of fanfare at the New York Stock Exchange, including a visit by NASCAR driver Jeff Gordon on hand for the ringing of the opening bell. AXTA shares opened at 20.94, more that 6% above the original asking price of 19.00. The company’s market cap is […]

AMAG Closes $340 Million Term Loan AMAG Pharmaceuticals, Inc. (AMAG) (Nasdaq:AMAG) announced today that it has completed the acquisition of Lumara Health Inc., a specialty pharmaceutical company with a particular focus on maternal health. The transaction was announced on September 29, 2014 and included upfront consideration of $600 million in cash and 3,209,971 shares of […]

Looks like they might be doing so. Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, is holding its Annual General Meeting later today. At the meeting, Chairman Bill Adamson said: “The drilling of the Wressle well in […]

Will they takeover? BP have said that they are now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and evaluate EOR technologies. It measures the effectiveness […]

Acquisition of Lanstead Holding in Company Paragon Diamonds Limited, the AIM quoted diamond development company in Lesotho, Africa, has announced that it has agreed to purchase, conditional on shareholder approval, 63,000,000 ordinary shares in the Company, representing 18.9% of Paragon’s entire issued share capital, from Lanstead Capital L.P. at a price of 3p per share […]