On Friday, Shares of Yahoo! Inc. (NASDAQ:YHOO), gained 0.86% to $36.24.
Starboard Value, the activist investing fund led by Jeff Smith, nearly halved its holdings in Yahoo! Inc. and added a sizeable stake in another activist-targeted company, Boulder Brands Inc, according to Bloomberg.
The New York-based fund sold 3.3 million shares in Web portal Yahoo during the second quarter, leaving it with 3.55 million, according to a filing Friday with the U.S. Securities and Exchange Commission. Starboard bought more than 4.8 percent of Boulder, the natural-foods maker being targeted by activist investor Engaged Capital. That company last week said it’s exploring planned options and has received inquiries from parties interested in “discussing a potential transaction.” Bloomberg Reports
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Shares of ZIOPHARM Oncology, Inc. (NASDAQ:ZIOP), declined -6.04% to $9.65, during its last trading session.
ZIOPHARM Oncology on Monday stated a loss of $14.2 million in its second quarter, according to AP.
On a per-share basis, the Boston-based company said it had a loss of 11 cents.
The drug developer posted revenue of $272,000 in the period. AP Reports
Ziopharm shares have more than doubled since the starting of the year. In the final minutes of trading on Monday, shares hit $11.92, more than tripling in the last 12 months. AP added.
ZIOPHARM Oncology, Inc., a biotechnology company, employs gene expression, control, and cell technologies to deliver cell-based therapies for the treatment of cancer.
Finally, Magellan Midstream Partners LP (NYSE:MMP), ended its last trade with 1.20% gain, and closed at $70.22.
Magellan Midstream Partners stated net income of $177.4 million for second quarter 2015, an enhance of $31.1 million, or 21% higher than the $146.3 million generated in second quarter 2014.
Distributable cash flow (DCF), a non-generally accepted accounting principles (non-GAAP) financial measure that represents the amount of cash generated during the period that is accessible to pay distributions, was $222.8 million for second quarter 2015 contrast to $195.8 million for second quarter 2014, representing a 14% enhance.
Diluted net income per limited partner unit was 78 cents in second quarter 2015 and 64 cents in second quarter 2014. Diluted net income per unit not taking into account mark-to-market (MTM) commodity-related pricing adjustments, a non-GAAP financial measure, of 82 cents for second quarter 2015 was higher than the 75-cent guidance offered by administration in May 2015 primarily due to higher shipments on the BridgeTex pipeline and higher-than-predictable commodity prices during the quarter.
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates in three segments: Refined Products, Crude Oil, and Marine Storage.
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