On Friday, in the course of current trade, Shares of Merck & Co. Inc. (NYSE:MRK), dropped -0.70%, and is now trading at $58.50.
Liaison Technologies, an industry-recognized leader in cloud-based integration and data administration offerings, and Merck & Co., known as MSD outside the United States and Canada, recently declared the launch of a new collaborative innovation center within NC State’s Centennial Campus.
Centennial Campus is a research and educational campus owned and operated by NC State University in Raleigh, North Carolina. This unique campus places industry partners in close proximity with university researchers and students, fostering successful collaborations that lead to innovations in technology and science. Liaison and Merck have recently established incubation space on site. This research facility will focus on data administration research projects for the life sciences industry, and will engage NC State University faculty and students.
“I am looking forward to driving new and exciting partnerships through this innovation center in hopes to further Merck’s mission to save and improve lives around the world. The partnership with Liaison and NC State is a great opportunity to bring industry and academia together, leveraging impressive new technologies such as Liaison’s cloud-based Alloy Health Platform,” said Jim Ciriello, AVP, IT Planning and Innovation at Merck.
Andrew Porter, Merck’s director of the center, commented that, “The capabilities of the Alloy platform are ideally suited for life science research. We expect our collaborations from this center to drive many new and innovative technologies for the betterment of life sciences.”
Merck & Co., Inc. provides health care solutions worldwide. The company offer therapeutic and preventive agents to treat cardiovascular, type 2 diabetes, asthma, nasal allergy symptoms, allergic rhinitis, chronic hepatitis C virus, HIV-1 infection, fungal infections, intra-abdominal infections, hypertension, arthritis and pain, inflammatory, osteoporosis, male pattern hair loss, and fertility diseases.
During an early morning trade, Shares of MGM Resorts International (NYSE:MGM), dipped -1.01%, and is now trading at $19.62.
MGM Resorts International, declared that MGM China Holdings Limited, a 51%-owned partner, has accomplished its formerly declared refinancing transaction of its Hong Kong Dollar denominated senior credit facilities agreement. The amended and restated credit agreement is comprised of a US$1.55 billion equivalent term loan, an enhance from the previous $550 million term loan, and US$1.45 billion equivalent revolving credit facility. The amended and restated credit agreement extends the term of the original facilities for an eighteen month period ending April 29, 2019.
“We are very happy with the support from our lenders which allowed us to upsize the credit facility to US$3 billion,” said Grant Bowie, CEO and Executive Director of MGM China. “This financing will provide our Company the financial flexibility to invest in MGM Macau and develop our second property, MGM Cotai, in the world’s largest gaming market.”
The amended and restated credit agreement will bear interest at a fluctuating rate per annum based on HIBOR plus a margin, initially set for a six month period at 1.75% per annum, but thereafter the margin (in the range of 1.375% to 2.50% per annum) will be determined by MGM China’s leverage ratio.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations comprise slots, table games, and race and sports book wagering.
Finally, American Capital Agency Corp. (NASDAQ:AGNC), lost -0.15% Friday.
American Capital Agency, declared that its Board of Directors has declared a cash dividend of $0.20 per share of common stock for June 2015. The dividend is payable on July 8, 2015 to common shareholders of record as of June 30, 2015, with an ex-dividend date of June 26, 2015.
The Company also declared its estimated net book value of $24.94 per share of common stock as of May 31, 2015. The estimated net book value per common share is the Company’s total estimated stockholders’ equity after deducting the Company’s common stock dividend declared on April 27, 2015 and paid on June 5, 2015, less the preferred stock liquidation preference, divided by the number of common shares outstanding as of period end. The estimated net book value is unaudited and has not been verified or reviewed by any third party. The Company’s current net book value may also be materially different from its estimated net book value as of May 31, 2015. The Company undertakes no obligation to update or revise its estimated net book value.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency.
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