On Tuesday, Celgene Corporation (NASDAQ:CELG)’s shares declined -0.43% to $130.66.
Celgene Corporation (CELG) declared that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR”) with respect to the formerly declared tender offer by its wholly-owned partner, Strix Corporation, for all issued and outstanding shares of common stock of Receptos, Inc. (RCPT) at a price of $232.00 per share, net to the seller in cash, without interest and less required withholding taxes and subsequent merger of Strix Corporation with Receptos expired at 11:59 p.m. EDT on August 10, 2015. The expiration of the HSR waiting period satisfies one of the conditions to the closing of the pending acquisition, which remains subject to other customary closing conditions. Celgene anticipates the transaction to close in the third quarter of 2015.
The tender offer is planned to expire at midnight EDT on Monday, August 24, 2015, unless extended.
Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes therapies to treat cancer and inflammatory diseases in the United States and Internationally. It markets REVLIMID, an oral immunomodulatory drug for multiple myeloma, myelodysplastic syndromes (MDS), and mantle cell lymphoma; ABRAXANE, a solvent-free chemotherapy product to treat breast, non-small cell lung, pancreatic, and gastric cancers; POMALYST/IMNOVID for the treatment of multiple myeloma; and VIDAZA, a pyrimidine nucleoside analog to treat intermediate-2 and high-risk MDS, and chronic myelomonocytic leukemia, in addition to acute myeloid leukemia (AML).
Senior Housing Properties Trust (NYSE:SNH)’s shares gained 1.66% to $17.10.
Senior Housing Properties Trust (SNH) declared its financial results for the quarter and six months ended June 30, 2015.
Results for the quarter ended June 30, 2015:
Normalized funds from operations, or Normalized FFO, for the quarter ended June 30, 2015 were $106.8 million, or $0.45 per basic and diluted share. This compares to Normalized FFO for the quarter ended June 30, 2014 of $86.6 million, or $0.43 per basic and diluted share. The enhance in Normalized FFO is primarily the result of acquisitions since July 1, 2014.
Net income was $36.4 million, or $0.15 per basic and diluted share, for the quarter ended June 30, 2015, contrast to net income of $37.7 million, or $0.19 per basic and diluted share, for the quarter ended June 30, 2014.
The basic and diluted weighted average number of common shares outstanding were 235.5 million and 235.6 million, respectively, for the quarter ended June 30, 2015, and 199.8 million and 199.9 million, respectively, for the quarter ended June 30, 2014.
Senior Housing Properties Trust, a real estate investment trust (REIT), primarily invests in senior housing properties in the United States. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. As of September 30, 2005, it owned 184 properties, counting 85 assisted living facilities, 61 skilled nursing facilities, 36 independent living communities, and 2 hospitals.
At the end of Tuesday’s trade, American Axle & Manufact. Holdings, Inc. (NYSE:AXL)‘s shares dipped -2.48% to $20.86.
American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, declared the appointment of Michael K. Simonte to President and Christopher J. May to Vice President & Chief Financial Officer effective August 1, 2015. David C. Dauch will remain as Chairman and Chief Executive Officer. Mr. Simonte and Mr. May will report to Mr. Dauch.
Michael K. Simonte, 51, has been with AAM for nearly 17 years, most recently serving as Executive Vice President & CFO and formerly, Treasurer. His experience while in these senior corporate positions comprises external reporting, internal controls, global tax planning, financial strategy, budgeting, forecasting, capital structure oversight, cash administration and investor relations. In addition to his broad financial background, he has extensive leadership experience at the operating level that comprises overseeing capital allocation, managing commercial negotiations, executing restructuring activities and directing the company`s information technology function.
American Axle & Manufacturing Holdings, Inc., together with its auxiliaries, designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry in the United States, Canada, Mexico, South America, Asia, Europe, and internationally.
JinkoSolar Holding Co., Ltd. (NYSE:JKS), ended its Tuesday’s trading session with -3.76% loss, and closed at $22.81.
JinkoSolar Holding Co., Ltd. (JKS), a global leader in the solar PV industry, recently declared that it plans to release its unaudited financial results for the second quarter ended June 30, 2015 before the open of U.S. markets on Thursday, August 20, 2015.
JinkoSolar Holding Co., Ltd., together with its auxiliaries, engages in the design, development, production, and marketing of photovoltaic products in the People’s Republic of China and internationally. The company operates through two segments, Manufacturing and Solar Power Projects. It offers solar modules, solar cells, silicon ingots and silicon wafers, and recovered silicon materials.
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