During Thursday’s trade, Shares of Teva Pharmaceutical Industries Limited (NYSE:TEVA), gained 1.31% to $63.95.
Teva Pharmaceutical Industries Limited declared today that it has priced its concurrent offerings totaling $6.75 billion, comprising of 54 million American Depositary Shares (“ADSs”), each representing one Teva ordinary share, at $62.50 per ADS and 3,375,000 of its 7.00% Mandatory Convertible Preferred Shares at $1,000.00 per share.
The net proceeds from the ADS offering and the Mandatory Convertible Preferred Shares offering will be about $3.29 billion each, after estimated underwriting discounts, commissions and offering expenses payable by Teva. Teva intends to use the net proceeds from these offerings towards the cash portion of the purchase price for its formerly declared acquisition of Allergan plc’s worldwide generic pharmaceuticals business (“Actavis Generics”) and related fees and expenses, for the pending acquisition of Rimsa or otherwise for general corporate purposes.
Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic, specialty, and other pharmaceutical products worldwide. The company operates in two segments, Generic Medicines and Specialty Medicines. The Generic Medicines segment offers generic or branded generic medicines; specialized products, such as sterile products, hormones, narcotics, high-potency drugs, and cytotoxic substances; and active pharmaceutical ingredients.
Shares of Ford Motor Co. (NYSE:F), remained flat to $14.26, during its current trading session.
Ford Motor Company, is offering a software update to more than 5 million SYNC-equipped vehicle owners – with vehicles dating all the way back to the 2011 model year – adding Apple Siri Eyes-Free capability for hands-free access to additional iPhone® features
Ford’s unique global software platform approach with SYNC makes it easy to offer updates to customers, no matter where they live
SYNC is the world’s leading entertainment and communications system with more than 12-million vehicles on the road and is recognized for being the first to widely and most affordably offer voice-activated technology to control smartphones.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names.
Finally, Lennar Corporation (NYSE:LEN), lost -0.99%, and is now trading at $50.79.
Lennar Corporation, declared that the Company will release earnings for the fourth quarter and year ended November 30, 2015 before the market opens on December 18, 2015. Additionally, the Company will hold a conference call on December 18, 2015 at 11:00 a.m. Eastern Time.
Lennar Corporation, together with its auxiliaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments.
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