On Tuesday, Ciena Corporation (NYSE:CIEN)’s shares declined -1.12% to $25.61.
Ciena Corporation (CIEN) and Cyan, Inc. (CYNI), recently declared that early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) has been granted, effective June 15, 2015, for Ciena’s planned acquisition of Cyan.
Expiration of the waiting period under the HSR Act satisfies one of the conditions necessary for the consummation of the merger. The transaction remains subject to other closing conditions, counting certain approvals of Cyan stockholders at its annual meeting presently predictable to be held on Friday, July 31, 2015. The parties continue to expect that this transaction will close during the third quarter of calendar year 2015.
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications networks worldwide. The company’s Converged Packet Optical segment offers networking solutions optimized for the convergence of coherent optical transport, OTN switching, and packet switching.
Range Resources Corp. (NYSE:RRC)’s shares gained 2.65% to $53.90.
Range Resources Corp. (RRC) declared that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.04 per common share is payable on June 30, 2015 to stockholders of record at the close of business on June 16, 2015.
Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in the United States. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and Midcontinent regions. The company owns 7,582 net producing wells and about 1.4 million net acres under lease in the Appalachian region; and 653 net producing wells and about 383,000 net acres under lease in the Midcontinent region.
At the end of Tuesday’s trade, Prima Biomed Ltd. (NASDAQ:PBMD)‘s shares dipped -3.85% to $1.75.
Prima Biomed Ltd. (PBMD) declared that it has received EUR 226,055 (about A$320,000) in a cash rebate from the French state under the Crédit d’Impôt Recherche scheme. The cash rebate was paid in respect of expenditure incurred by Prima’s wholly owned partner, Immutep on French R&D activities in the 2014 calendar year, related to the Company’s LAG-3 programs.
Prima is eligible to receive CIR credits because it has a laboratory at Châtenay-Malabry in southwestern Paris. The laboratory is a leading centre of immunology research in Europe. The Châtenay-Malabry facility is headed by Chief Scientific and Medical Officer Professor Frédéric Triebel. Prima inherited the laboratory with its December 2014 acquisition of the French company Immutep SA. It is presently working on new products in addition to development of the existing Prima pipeline, which comprises the lead compound IMP321 entering Phase IIb trial in metastatic breast cancer patients receiving first-line chemotherapy.
Prima BioMed Ltd. researches, develops, and commercializes medical biotechnology products in Australia. The company develops immunocellular therapeutic products for the treatment of cancer. Its lead product is CVac, an autologous dendritic cell-based product presently in clinical trials for ovarian and pancreatic cancer patients. Prima BioMed Ltd. is based in Sydney, Australia.
Zulily Inc (NASDAQ:ZU), ended its Tuesday’s trading session with -0.07% loss, and closed at $14.60.
Zulily Inc (ZU) declared that Darrell Cavens, President and Chief Executive Officer, and Brian Swartz, Chief Financial Officer, will take part in the following investor conference:
Thursday, June 18, 2015 at 10:30 a.m. ET — Mr. Cavens will take part in a question-and-answer session at the Goldman Sachs dotCommerce Day in New York, NY
zulily, inc. operates as an online retailer in the United States, Canada, Australia, the United Kingdom, and internationally. The company provides merchandise to moms purchasing for their children, themselves, and their homes. Its merchandise comprises men’s, women’s, and children’s apparel, accessories, and shoes; children’s merchandise, such as infant gear, sports equipment, toys, and books; and other merchandise comprising kitchen accessories, home décor, entertainment, electronics, pet accessories, and health and beauty products. The company offers its products through a flash sales model using its desktop and mobile Websites, and mobile applications. zulily, inc. was founded in 2009 and is headquartered in Seattle, Washington.
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