On Friday, Depomed Inc (NASDAQ:DEPO)’s shares declined -3.59% to $28.75.
Depomed, Inc. (DEPO) commented on Horizon Pharma plc’s (HZNP) declarement that it intends to request that Depomed’s Board of Directors (“Depomed Board”) set a record date to determine the shareholders eligible to request a special meeting.
The Depomed Board will review the request when it is received. Offered that such request is received recently and contains the information required under Depomed’s bylaws, the Depomed Board will, no later than August 31, 2015, fix a record date to determine shareholders entitled to request a special meeting, as contemplated by the bylaws. Under the bylaws, the record date to determine shareholders entitled to call a special meeting shall be not more than 60 days after the date on which the Depomed Board takes action to fix the record date. The bylaws provide that any request to call a special meeting must, among other things, be signed by the holders of shares entitled to cast not less than 10% of the votes at such meeting and must be received by Depomed within 30 days after the specified record date.
Depomed, Inc., a specialty pharmaceutical company, develops products for pain and other central nervous system conditions in the United States. It offers Gralise (gabapentin), an once-daily product for the administration of postherpetic neuralgia; CAMBIA (diclofenac potassium for oral solution), a non-steroidal anti-inflammatory drug indicated for acute treatment of migraine attacks in adults; Zipsor (diclofenac potassium) liquid filled capsule, a non-steroidal anti-inflammatory drug for the treatment of mild to moderate acute pain in adults; and Lazanda (fentanyl) nasal spray, an intranasal fentanyl drug used to manage breakthrough pain in adults.
FedEx Corporation (NYSE:FDX)’s shares dropped -2.74% to $155.93.
FedEx Express, a wholly owned partner of FedEx Corp. (FDX), agreed to purchase 50 additional 767-300F aircraft from The Boeing Company as it continues to modernize its aircraft fleet to more effectively serve its customers. In addition to the 50 confirmed orders, FedEx also has options to purchase a total of 50 767F aircraft.
The 50 firm-order aircraft will be delivered from fiscal 2018 through fiscal 2023. Total capital spending for fiscal 2016 remains at $4.6 billion. The impact to capital spending in fiscal 2017 from this new order is immaterial. With this order, FedEx Express now holds a total of 106 firm orders for 767Fs from The Boeing Company through fiscal 2023.
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company’s FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; international trade advisory services, such as assistance with the customs-trade partnership against terrorism program; and customs clearance services, in addition to global trade data, an information tool that allows customers to track and manage imports.
At the end of Friday’s trade, SeaWorld Entertainment Inc (NYSE:SEAS)‘s shares dipped -1.65% to $18.45.
SeaWorld Entertainment, Inc. (SEAS), a leading theme park and entertainment company, stated financial results for the first half and second quarter of 2015.
Overview
- Stated an attendance decline in the second quarter due to the timing of Easter, record levels of rainfall in Texas and continued brand challenges in California, partially offset by improvements in demand at the Company’s other park locations, counting Florida.
- Accomplished a debt refinancing, which, at current interest rates, should generate an average of $14.0 million in annual interest cost savings.
- Returned $54.5 million to shareholders through dividend declarations thus far in 2015.
- Reaffirmed full year 2015 Adjusted EBITDA guidance to be in the range of flat to up 3% as compared to 2014.
SeaWorld Entertainment, Inc. operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand name in Orlando, San Antonio, and San Diego; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; Discovery Cove marine-life theme park in Langhorne; and Sesame Place, a seasonal park in Langhorne.
Voya Financial Inc (NYSE:VOYA), ended its Friday’s trading session with -3.08% loss, and closed at $42.21.
Voya Financial, Inc. (VOYA), declared the following financial results for the second quarter of 2015:
- After-tax operating earnings1,2 of $179 million, or $0.78 per diluted share, contrast with $213 million, or $0.83 per diluted share in the second quarter of 20143. The following items primarily accounted for this change:
- $8 million, after-tax, of lower adjusted operating earnings from the Ongoing Business
- $11 million, after-tax, higher operating loss in the Corporate segment
- $5 million, after-tax, of negative DAC/VOBA and other intangibles unlocking contrast with $7 million, after-tax, of positive DAC/VOBA and other intangibles unlocking in the second quarter of 2014
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Administration, Individual Life, and Employee Benefits. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services in corporate, education, healthcare, and government markets; and rollover individual retirement accounts and other retail financial products, in addition to financial advisory services to individual customers.
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