On Monday, Shares of Eli Lilly and Co (NYSE:LLY), lost -0.61% to $84.20.
Eli Lilly and Company, accepted the recommendation of the ACCELERATE study data monitoring committee to continue the Phase 3 trial of the investigational medicine evacetrapib, based on data from an interim futility analysis.
Last patient visit in ACCELERATE – which is evaluating evacetrapib in about 12,000 patients with high-risk atherosclerotic cardiovascular disease (ASCVD) – is predictable in July 2016.
Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical products worldwide. It operates in two segments, Human Pharmaceutical Products and Animal Health products.
Shares of First Majestic Silver Corp (NYSE:AG), declined -14.35% to $3.08, during its last trading session.
First Majestic Silver Corp. and SilverCrest Mines Inc., declared that the companies have reached a definitive agreement (the “Arrangement Agreement”) following which First Majestic has agreed to acquire all of the issued and outstanding common shares of SilverCrest for consideration of 0.2769 of a common share of First Majestic (the “Exchange Ratio”) plus C$0.0001 in cash per SilverCrest common share. The offer implies a value of C$1.30 per SilverCrest share based on the closing price of First Majestic’s common shares on the Toronto Stock Exchange (“TSX”) on July 24, 2015 . The offer represents a premium of about 37% to SilverCrest’s 30-day volume-weighted average price (“VWAP”) on the TSX for the period ending July 24, 2015 and a 35% premium to SilverCrest’s previous closing price. The transaction will be implemented by way of a plan of arrangement (the “Arrangement”) under the Business Corporations Act ( British Columbia ). In addition, shareholders of SilverCrest will receive shares in a newly formed company (“New SilverCrest”) which will hold certain exploration assets presently held by SilverCrest and First Majestic.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. The company owns and operates five producing mines, counting the La Encantada silver mine in Coahuila State, the La Parrilla silver mine in Durango State, the Del Toro silver mine in Zacatecas State, the San Martin silver mine in Jalisco State, and the La Guitarra silver mine in Mexico State.
At the end of Monday’s trade, Shares of Energy Transfer Equity LP (NYSE:ETE), lost -1.70% to $28.98.
Energy Transfer Equity, declared the completion of its formerly declared two-for-one split of the Partnership’s outstanding common units (“Unit Split”).
The Unit Split was effected by a distribution of one ETE common unit for each ETE common unit outstanding and held by unitholders of record at the close of business on July 15, 2015. The Partnership’s quarterly distribution amount going forward will reflect the Unit Split.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
Finally, SunPower Corporation (NASDAQ:SPWR), ended its last trade with -1.34% loss, and closed at $25.11.
SunPower, declared that it has attained 1.5 gigawatts of U.S. solar power plant development assets from Australia-based Infigen Energy. With the acquisition, SunPower has assumed ownership of projects in varying stages of development across 11 states.
Comprised of in the development portfolio are three projects totaling 55 megawatts (AC) with power purchase agreements with Southern California Edison. All three are located in Kern County, Calif. SunPower anticipates to start construction on these projects later this year with commercial operation anticipated in 2016.
SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, counting panels, balance of system components, and inverters.
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