On Monday, EnteroMedics Inc. (NASDAQ:ETRM)’s shares surged 13.46% to $1.18, as on April 7, a medical device company, declared that 15 centers have been certified and 19 physicians were trained in implanting and administering vBloc Therapy as of the end of the first quarter of 2015, supporting the company’s aim of training 20-25 vBloc Therapy centers and physicians by the end of 2015.
EnteroMedics’ bariatric center selection, training and certification process follows a defined protocol that comprises rigorous center qualification criteria and didactic and surgical training. Once the center criteria are met, the Company’s field staff trains the surgeon and staff on vBloc Therapy, theory of operation, and program implementation. This is followed by procedure and system operation training and one or two supervised surgeries, after which the surgeon is certified.
EnteroMedics Inc., a medical device company, focuses on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders. The company’s proprietary neuroblocking technology is designed to intermittently block the vagus nerve using electrical impulses.
Alcatel-Lucent (NYSE:ALU)’s shares gained 7.67% to $4.35, during the last trading session on Monday, hitting its highest level, as the telecommunications equipment maker is in advanced talks with Nokia (NOK) to sell its wireless assets to the Finland-based company. Netflix (NFLX) surged following an upgrade by UBS. Hewlett-Packard (HPQ) advanced as an analyst foresees a higher share price for the computer maker.
The telecommunications equipment maker is reportedly close to announcing a deal, possibly as early as this week, to sell its wireless assets to Nokia, according to a Bloomberg report. Alcatel’s wireless unit generated about $5 billion in proceed last year.
Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. The company’s Core Networking segment offers IP routing, carrier Ethernet, network functions virtualization, and software defined networking applications and infrastructure to meet the challenges of network traffic growth while supporting the delivery of cloud-enabled business, mobile, and residential services for service providers, mobile network operators, cable/multiple system operators, transportation, utilities, and large-scale enterprises.
At the end of Monday’s trade, AuRico Gold Inc. (NYSE:AUQ)’s shares gained 8.70% to $3.25, after a gold producer, and Alamos Gold Inc. declared that they have reached a definitive contract to combine their respective companies by way of a plan of arrangement, creating a new, leading intermediate gold producer. The Merger combines two top-quality, highly-complementary asset portfolios, counting two long-life, cash flow-generating gold mines: AuRico’s Young-Davidson mine in Ontario, Canada and Alamos’ Mulatos mine in Sonora, Mexico. The transaction is structured as a merger of equals with a transaction equity value of about US$1.5 billion.
Under the terms of the Merger, holders of Alamos shares will receive, for each share held, 1 MergeCo share and US$0.0001 in cash, and holders of AuRico shares will receive, for each share held, 0.5046 MergeCo shares. Upon completion of the Merger, former Alamos and AuRico shareholders will each own about 50% of MergeCo (named Alamos Gold Inc.). In addition, a new company, to be named AuRico Metals Inc., will be created to hold AuRico’s Kemess project, a 1.5% net smelter return royalty on the Young-Davidson mine, AuRico’s Fosterville and Stawell royalties, and will be capitalized with US$20 million of cash. Upon completion of the Merger, MergeCo will own a 4.9% equity interest in SpinCo. The remaining shares of SpinCo will be distributed 50% each to former Alamos and AuRico shareholders.
The merger is subject to shareholder and other applicable regulatory approvals and satisfaction of other customary conditions. The merger is predictable to close in the second quarter of 2015.
AuRico Gold Inc. operates as a gold producer with mines and projects in North America. Its principal projects comprise the Young-Davidson gold mine comprising of contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; and the El Chanate mine comprising 22 mineral concessions that cover an area of about 4,618 hectares located in Sonora State, Mexico.
Finally, Barnes & Noble, Inc. (NYSE:BKS), ended its Monday’s trading session with 6.46% gain, and closed at $23.72, as a content, commerce, and technology company on April 2, will celebrate Spring Educator Appreciation Days, April 11-19. Barnes & Noble stores nationwide and Barnes & Noble.com (www.bn.com) will offer pre-K-12 public, private and homeschool educators and administrators special discounts, events, sweepstakes and giveaways during this time. Barnes & Noble’s Educator Appreciation Days occur several times during the year, recognizing educators and providing them with an opportunity to explore the company’s vast selection of products, learn about programs and events, in addition to save with deeper discounts.
This April’s Educator Appreciation Days special discount offerings are:
- 25% discount on personal and classroom book purchases, counting Children’s and Teen titles and educational toys and games;
- 25% discount on music, movies, tech gear and more;
- 10% off the current price of the Samsung Galaxy Tab® 4 NOOK® and NOOK GlowLight™(limit of five devices per customer with the presentation of a valid Barnes & Noble Educator Discount Card); and
- 10% discount on all Café consumables purchases.
Barnes & Noble, Inc. operates as a content, commerce, and technology company in the United States. The company operates in three segments: B&N Retail, B&N College, and NOOK. It provides access to books, magazines, newspapers, and other content through its multi-channel distribution platform.
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