On Friday, Following U.S. Stocks were among the “Top Gainers”: Cypress Semiconductor Corporation (NASDAQ:CY), Regal Entertainment Group (NYSE:RGC), Coach, Inc. (NYSE:COH), Pernix Therapeutics Holdings, Inc. (NASDAQ:PTX)
Cypress Semiconductor Corporation (NASDAQ:CY), with shares inclined 1.72%, closed at $15.95, hitting new 52-week high price of $16.25.
Regal Entertainment Group (NYSE:RGC), with shares jumped 1.69%, settled at $22.93.
Coach, Inc. (NYSE:COH), with shares climbed 1.68%, and closed at $41.24.
Pernix Therapeutics Holdings, Inc. (NASDAQ:PTX), surged 1.61%, and closed at $10.07.
Latest NEWS regarding these Stocks are depicted underneath:
Cypress Semiconductor Corporation (NASDAQ:CY)
Cypress Semiconductor Corporation, (CY), and Spansion, Inc. (CODE) declared that they have closed the merger of the two companies in an all-stock, tax-free transaction valued at about $5 billion. In a special meeting, Cypress shareholders approved the issuance of 2.457 shares of Cypress stock to Spansion shareholders for each Spansion share they own. Spansion shareholders approved the merger in a separate special meeting. The merger is predictable to achieve more than $135 million in cost synergies on an annualized basis within three years and to be accretive to non-GAAP earnings within the first full year after the transaction closes. The combined corporation will continue to pay $0.11 per share in quarterly dividends to shareholders.
“We closed this merger even more quickly than originally anticipated, accelerating our planned and financial roadmap,” Rodgers said. “From Day One, the new Cypress will capitalize on its expanded product portfolio and leadership positions in embedded processing and specialized memories to significantly extend its penetration of global markets such as automotive, industrial, consumer, wearable electronics and the Internet of Things.”
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, specialized semiconductor memories, and integrated semiconductor solutions worldwide. With a broad, differentiated product portfolio that comprises NOR flash memories, F-RAM™ and SRAM, Traveo™ microcontrollers, the industry’s only PSoC® programmable system-on-chip solutions, analog and PMIC Power Administration ICs, CapSense® capacitive touch-sensing controllers, and Wireless BLE Bluetooth® Low-Energy and USB connectivity solutions, Cypress is committed to providing its customers worldwide with consistent innovation, best-in-class support and exceptional system value.
Regal Entertainment Group (NYSE:RGC)
MovieTickets.com, a leading destination for the purchase of advance movie tickets, has reached an contract with Regal Entertainment Group (RGC), the motion picture exhibitor operating the largest and most geographically diverse theatre circuit in the United States. Through the deal, MovieTickets.com will offer its ticketing solutions across all 572 Regal Cinemas theaters with 7,356 screens, counting its three main brands: Regal Cinemas, Edwards Theatres, and United Artists Theatres.
In a joint statement, MovieTickets.com Co-Founders and Co-Chairmen Shari Redstone and Mitchell Rubenstein, said, “We could not be prouder to join forces with a leading exhibitor of Regal’s caliber and offer moviegoers around the nation unparalleled ticketing choices and services. As the founders of MovieTickets.com, it’s especially meaningful to see us take a leadership position with such a noteworthy addition.”
MovieTickets.com will start deployment of its service across Regal Cinemas, Edwards Theatres and United Artists Theatres recently, with the roll-out ongoing through the end of this month. With the addition of these theaters, MovieTickets.com will be providing advance movie ticketing to over 28,000 screens worldwide, becoming the largest online advance movie ticketing platform in the world.
MovieTickets.com is the leader in advance movie ticketing with 240 theater chains, representing over 28,000 screens worldwide in its group, offering moviegoers a quick and convenient way to purchase tickets online, via mobile devices and at 877-789-MOVIE.
Regal Entertainment Group, through its auxiliaries, operates as a motion picture exhibitor in the United States. It develops, attains, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets. The corporation operates a theatre circuit under the brands of Regal Cinemas, United Artists, Edwards, Great Escape Theatres, and Hollywood Theaters.
Coach, Inc. (NYSE:COH)
Coach, Inc. (COH), a leading New York design house of modern luxury accessories and lifestyle collections, declared the opening of its first flagship store in Paris, timed to coincide with the brand’s 75th Anniversary. The store is located at 372-374 Rue Saint-Honoré, in one of the city’s most prestigious shopping districts, and is predictable to open this fall.
The 6,500 square foot retail space designed by Creative Director Stuart Vevers in partnership with William Sofield, Designer and President of Studio Sofield features an interior that has a distinctive New York City attitude with the latest modern luxury evolution of Coach’s design and positioning. It will comprise a unique VIP shopping salon and monogram shop. An impressive central blackened steel and mahogany staircase will be a centerpiece for the store, inviting the customer in and creating a sense of discovery while shopping. Warm lighting, hand tufted carpets, and fine millwork accent each room and emphasize a contrast of materials and expressions essential to the Modern Luxury design of the new Coach stores. Throughout the two level flagship is a mix of custom-designed cabinetry with vintage and bespoke furniture and objects.
The Rue Saint-Honoré location will feature a complete collection of both men’s and women’s Coach product counting ready-to-wear, shoes, sunwear, jewelry, watches and fragrance.
Coach, established in New York City in 1941, is a leading design house of modern luxury accessories and lifestyle collections with a rich heritage of pairing exceptional leathers and materials with innovative design. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach’s website at www.coach.com.
Pernix Therapeutics Holdings, Inc. (NASDAQ:PTX)
Zogenix, Inc. (ZGNX), a pharmaceutical corporation developing and commercializing products for the treatment of central nervous system (CNS) disorders, declared that it has reached a definitive contract to sell its Zohydro(R) ER (hydrocodone bitartrate) business to Pernix Therapeutics Holdings, Inc. (PTX), for $100 million plus regulatory and sales milestones up to $283.5 million. Both companies plan to transition the Zogenix sales team and other select employees to Pernix.
This transaction enables Zogenix to planned ally shift focus to its late-stage CNS clinical pipeline highlighted by two promising product candidates:
- ZX008, which has orphan drug designation in the US and EU for the treatment of Dravet syndrome and is predictable to enter Phase 3 development this year, and;
- Relday, a unique long-acting injectable formulation of risperidone for the maintenance treatment of schizophrenia that is predictable to be ready for Phase 3 studies in the first half of 2016.
Zogenix, Inc. (ZGNX) is a pharmaceutical corporation committed to developing and commercializing therapies that address specific clinical needs for people living with pain-related conditions and CNS disorders who need innovative treatment alternatives to assist them return to normal daily functioning.
Pernix Therapeutics Holdings, Inc., a specialty pharmaceutical corporation, develops, manufactures, markets, and sells branded and generic pharmaceutical products.
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