On Friday, Lands’ End, Inc. (NASDAQ:LE)’s shares declined -8.87% to $24.96.
Lands’ End, Inc. (LE) declared the launch of a new microsite on www.landsend.com that will allow customers to shop stylized product from key assortments of men, women, and kids. Zanna Roberts Rassi, Senior Fashion Editor for Marie Claire and longtime lifestyle expert and fashion stylist, has been named as the first guest editor to curate five summer collections of her Lands’ End favorites.
Lands’ End is excited to have Zanna Roberts Rassi as the curator of its summer collection. Her sense of style complements the company’s seasonal assortment. Rassi’s Lands’ End favorites comprise UPF 50 swim tees, new flip-flops, and iconic canvas totes.
Lands End, Inc. operates as a multi-channel retailer in the United States and internationally. The company operates through two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products. The company sells its products through its e-commerce Websites, direct mail catalogs, dedicated Lands End Shops at Sears, stand-alone Lands End Inlet stores, and international shop-in-shops.
Orexigen Therapeutics, Inc. (NASDAQ:OREX)’s shares gained 0.10% to $5.14.
Orexigen Therapeutics, Inc. (OREX) declared that two Contrave® (naltrexone HCI and bupropion HCI) abstracts will be presented at the forthcoming annual meeting of the American Diabetes Association being held in Boston June 5 – 9, 2015 at the Boston Convention and Exposition Center.
The abstracts are the first presentations of data from the randomized, open-label Ignite Study, which was designed to provide additional information regarding Contrave in combination with a behavioral modification program, contrast to patients who received diet and exercise advice but who did not receive Contrave. Compriseent with current labeling for recently approved anti-obesity medications, the 242 patients randomized into the study were required to achieve a certain amount of weight loss (at least 5% at week 16) and to not have a meaningful enhance in blood pressure to remain on medication. The primary endpoint for this trial was change in body weight after 26 weeks in the per-protocol population. Secondary endpoints comprised of the percentage of patients achieving at least 5% and 10% weight loss, waist circumference, lipids, and measures of glucose homeostasis, in addition to a number of other key measures.
Orexigen Therapeutics, Inc., a biopharmaceutical company, focuses on the development of pharmaceutical products in the United States. The company offers Contrave for the treatment of obesity. It has a partnership agreement with Takeda Pharmaceutical Company Limited to develop and commercialize Contrave in Canada and Mexico. Orexigen Therapeutics, Inc. was founded in 2002 and is headquartered in La Jolla, California.
At the end of Friday’s trade, Iron Mountain Inc (NYSE:IRM)‘s shares dipped -0.73% to $32.65.
Iron Mountain Inc (IRM) the storage and information administration company, and Recall Holdings Limited (REC.AX), a global leader in information administration, recently declared that they have reached a binding Scheme Implementation Deed for Iron Mountain to acquire Recall by way of a recommended court-approved Scheme of Arrangement for an enterprise value of about A$3.4 billion (US$2.6 billion) at the current Iron Mountain stock price. The transaction is contingent upon certain customary shareholder and regulatory approvals and other customary conditions, and is predictable to close in early 2016.
Under the terms of the transaction, Recall shareholders will receive 0.1722 of an Iron Mountain common share and US$0.50 in cash for each Recall share, with Iron Mountain to establish a secondary listing on the Australian Securities Exchange (ASX) to allow Recall Shareholders to trade Iron Mountain shares via CHESS Depository Interests (CDIs) on the ASX. Alternatively, Recall shareholders may elect to receive A$8.50 in cash for each Recall share. The total amount of cash consideration to be paid following this all-cash alternative is subject to a cap of A$225 million, with preferential access to the cash pool predictable for the first 5,000 shares for each current Recall shareholder1.
Iron Mountain Incorporated, together with its auxiliaries, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, and International Business segments. The company provides storage services for paper documents and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays, and blueprints, counting healthcare information services, vital records services, and service and courier operations, in addition to the collection, handling, and disposal of sensitive documents for corporate customers.
Markwest Energy Partners LP (NYSE:MWE), ended its Friday’s trading session with 1.97% gain, and closed at $62.21.
Markwest Energy Partners LP (MWE) declared the completion of long-term, fee-based agreements to support producer development in the Delaware Basin of West Texas. Under terms of the agreements, MarkWest will install a 200 million cubic feet per day cryogenic gas processing plant (Hidalgo Complex) in Culberson County, Texas. The new facility is planned to commence operations during the second quarter of 2016.
MarkWest Energy Partners, L.P. is a master limited partnership that owns and operates midstream service businesses. We have a leading presence in many natural gas resource plays counting the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale and Granite Wash formation.
MarkWest Energy Partners, L.P. engages in the gathering, processing, and transportation of natural gas. The company is also involved in the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering and transportation of crude oil. It has presence in various natural gas resource plays, counting the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale, and Granite Wash formation.
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