On Friday, Shares of Stone Energy Corporation (NYSE:SGY), lost -9.36% to $5.23.
Stone Energy Corporation, declared that Kenneth H. Beer, Executive Vice President and Chief Financial Officer, will present at EnerCom’s The Oil & Gas Conference in Denver at the Westin Denver Downtown at 1:55 p.m. Mountain time on Monday, August 17, 2015. The presentation material will be accessible in the “Events and Presentations” section of the Company’s website, www.StoneEnergy.com, within 24 hours of the presentation.
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region.
Shares of CVS Health Corp (NYSE:CVS), remained flat at $107.67, during its last trading session.
Care Capital Properties, will replace Omnicare Inc. (OCR) in the S&P MidCap 400 after the close of trading on Monday, August 17. S&P 500 constituent Ventas Inc. (VTR) is spinning off Care Capital Properties in a transaction predictable to be competed on that date. Omnicare is being attained by S&P 100 & 500 constituent CVS Health Corp. (CVS) in a deal predictable to be accomplished on August 18.
Care Capital Properties owns, acquires and leases skilled nursing facilities and other healthcare assets. Headquartered in Chicago, IL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care REITs Sub-Industry index.
CVS Health Corporation, together with its auxiliaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments.
At the end of Friday’s trade, Shares of PDL BioPharma Inc (NASDAQ:PDLI), gained 0.68% to $0.68.
PDL BioPharma, declared that it has reached a revenue interest assignment agreement in which it has agreed to provide ARIAD Pharmaceuticals, Inc. (ARIA) with up to $200 million in revenue interest financing in exchange for royalties on the net revenues of Iclusig (ponatinib). Funding of the first $100 million will be made in two tranches of $50 million each, with the initial amount having already been funded on the closing date of the agreement and an additional $50 million to be funded on the 12-month anniversary of the closing date. In addition, ARIAD has an option to draw up to an additional $100 million at any time between the sixth and twelfth month anniversaries of the closing date.
PDL will initially receive 2.5% of the worldwide net revenues of Iclusig until the one year anniversary of the closing date, at which time the royalty enhances to 5.0% of the worldwide net revenues of Iclusig and remains until December 31, 2018. Startning January 1, 2019 and thereafter, the royalty rate will enhance to 6.5%, subject to an additional enhance to 7.5% if PDL’s funding exceeds $150 million. If PDL does not receive payments equal to or greater than the total amount funded on or before the fifth anniversary of each of the respective fundings, ARIAD will pay PDL the difference between the amounts funded by PDL and the amounts paid to such date. PDL has a put option based upon certain events and ARIAD has a call option to repurchase the revenue interest at any time. Both the put and call prices have been pre-determined.
“We are extremely happy to be able to structure a flexible, customized financial agreement that provides ARIAD with capital to support its key products,” stated John P. McLaughlin, president and chief executive officer of PDL BioPharma.
PDL BioPharma, Inc. manages a portfolio of patents and royalty assets in the United States and Europe. The company is involved in the humanization of monoclonal antibodies and the discovery of a new generation of targeted treatments for cancer and immunologic diseases.
Finally, Liberty Global plc - Class A Ordinary Shares (NASDAQ:LBTYA), ended its last trade with 0.85% gain, and closed at $52.02.
Liberty Global plc, declared the publication of its 2014 Corporate Responsibility (“CR”) Report, which provides an overview of its economic, social and environmental impacts and performance. As the largest international cable company, Liberty Global remains committed to making a positive social contribution through its core cable TV and broadband business and by meeting its responsibilities to stakeholders.
Highlights of the 2014 CR Report comprise:
- Empowering young people to acquire and grow their digital skills through programs such as CoderDojo and YouRock. Liberty Global became a partner of both programs, which are part of its ‘promoting a digital society’ strategy and demonstrates its commitment to the European Commission’s Grand Coalition for Digital Jobs
- Engaging with thousands of entrepreneurs across several markets in online competitions and initiatives to support innovation in digital society. Projects comprised of Pitch to Rich in the U.K., Telenet’s Ideaslab in Belgium, Connected Health in the Netherlands and Think Big in Poland
- Ongoing to make advances in conserving energy and reducing greenhouse gas (“GHG”) emissions relative to our key measure - the amount of data traffic consumed by our customers. As contrast to 2013, the company improved its energy efficiency by 34% and its carbon efficiency by 31%
- Refurbishing 4.4 million set-top boxes and modems, avoiding about 7,200 metric tons of waste that would otherwise have ended up in landfill sites. This also resulted in a financial saving of $320 million
- Ongoing Liberty Global’s partnership with global supply chain assessment specialist EcoVadis to implement a robust approach for assessing social and environmental performance of Liberty Global’s suppliers
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
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