On Friday, Shares of Charles Schwab Corp (NYSE:SCHW), lost - 0.39% to $28.22.
Charles Schwab Investment Administration, declared planned changes to its money market fund line-up.
To address new SEC regulations, all Schwab Prime and Municipal Money Market Funds plan to qualify as retail money market funds by October 14, 2016. As such, these funds will continue to seek to maintain a constant net asset value (NAV) of $1.00 per share, and will be subject to potential liquidity fees and redemption gates in times of extreme market volatility.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Shares of Altera Corporation (NASDAQ:ALTR), inclined 1.49% to $52.49, during its last trading session.
Altera Corporation and Intrinsic-ID, declared their partnership on the integration of advanced security solutions into Altera’s Stratix® 10 FPGAs and SoCs. PUF-based key storage is a new requirement for many defense and infrastructure applications recently to secure and bind software to hardware functions and prevent the cloning of systems. The integration of Intrinsic-ID’s PUF technology within Stratix 10 FPGAs and SoCs greatly enhances the security capabilities of the devices, addressing the growing need for security for all components used in systems.
FPGAs and SoC FPGAs are sophisticated, multi-function components that demand the latest advancements in hardware security as a defense against greater adversarial challenges. Intrinsic-ID’s PUF security solution adds strong anti-tamper protection to Stratix 10 FPGA-based systems by binding proprietary and sensitive design information to the unique physics of each individual device. Binding hardware functions and software to a PUF provides a very strong device authentication method and protection against cloning. The inclusion of PUF technology and the use of a Secure Device Manager (SDM) for security administration make Stratix 10 FPGAs and SoCs an ideal solution for use in military, cloud security and IoT infrastructure, where multi-layered security and partitioned IP protection are paramount.
The partnership between Altera and Intrinsic-ID enables users of Stratix 10 FPGAs and SoCs to license Intrinsic-ID’s PUF technology for a variety of security use cases in their designs. Customer and user support will be enabled by Intrinsic-ID and by their support partner EndoSec for U.S. customers.
Altera Corporation, a semiconductor company, designs and sells programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and associated development tools.
Finally, Mylan NV (NASDAQ:MYL), ended its last trade with -0.28% loss, and closed at $42.55.
Mylan, will host a conference call and webcast on Tuesday, Oct. 13th at 5:00 pm ET to review the value to be created for shareholders of Perrigo Company plc (NYSE: PRGO; TASE) through Mylan’s offer to acquire the company. During the call, Mylan will review a comprehensive presentation which outlines the compelling proposition for Perrigo shareholders. Mylan’s offer represents a very attractive EBITDA multiple, one of the highest ever paid in the industry, and an attractive premium to Perrigo’s hypothetical unaffected stock price. Mylan also will outline how a combination of the two companies would right away achieve Perrigo’s stated business strategy and reduce its future business and performance risk.
Under the terms of Mylan’s offer, Perrigo shareholders will receive $75 in cash and 2.3 Mylan ordinary shares for each Perrigo ordinary share. On September 14, 2015 Mylan officially commenced its formal offer to acquire all outstanding ordinary shares of Perrigo.
The offer is being made in accordance with Mylan’s declaration (dated April 24, 2015 and amended on April 29, 2015 and on August 13, 2015) following Rule 2.5 of Irish Takeover Rules that set forth Mylan’s legally binding commitment to commence an offer for the entire issued and to be issued share capital of Perrigo. The offer and withdrawal rights are planned to expire at 1:00 P.M. (Irish time)/8:00 A.M. (New York City time) on November 13, 2015, unless the offer is extended with the consent of the Irish Takeover Panel. The acceptance condition for the offer requires greater than 50% of Perrigo ordinary shares to have been tendered into the offer.
Mylan N.V., through its auxiliaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, or transdermal patch forms, in addition to active pharmaceutical ingredients (APIs).
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