On Thursday, Shares of Natera, Inc. (NASDAQ:NTRA), surged 26.33% to $22.74.
Natera, declared the pricing of its upsized initial public offering of 10,000,000 shares of its common stock at a price to the public of $18.00 per share before underwriting discounts, commissions and estimated expenses. In addition, Natera has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock to cover over-allotments, if any. The offering is predictable to close on July 8, 2015, subject to customary closing conditions.
Morgan Stanley, Cowen and Company, and Piper Jaffray & Co. are acting as joint book-running managers for the offering. Baird and Wedbush PacGrow are acting as co-managers for the offering.
Natera, Inc., a genetic testing company, develops and commercializes non-invasive methods for analyzing deoxyribonucleic acid (DNA) in the United States and Europe. The company primarily offers Panorama, a non-invasive prenatal test for fetal chromosomal abnormalities; Horizon test; and pre-implantation genetic screening and pre-implantation genetic diagnosis tests under the Spectrum brand to analyze chromosomal anomalies or inherited genetic conditions during an in vitro fertilization.
Shares of Outfront Media Inc. (NYSE:OUT), declined -1.03% to $24.90, during its last trading session, hitting its lowest level.
On June 15, Outfront Media declared that it that it has partnered with the Washington Metropolitan Area Transit Authority (“WMATA”) to debut a digital advertising pilot program within eight Metrorail stations, a first of its kind for the DC Metro area.
The 72″ digital flat-panel, wall-mounted displays feature interactive HD split-screens, which show advertisements and also provide real-time customer information, counting train arrival and departure times in addition to station and local area maps with dynamic navigational guides.
“This is an exciting time in OOH,” said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media. “Digital displays are changing the media landscape. With our partners at WMATA, we are able to enhance the riders’ journey, and allow our advertisers to reach consumers during their commute in a sleek and seamless way.”
OUTFRONT and WMATA expect that this initial installation of ten displays will expand throughout the system. Combined with OUTFRONT’s existing digital media networks in New York, Miami and Atlanta, OUTFRONT Media is the nation’s leading provider of digital media in transit.
OUTFRONT Media Inc. provides advertising space on out-of-home advertising structures and sites in the United States, Canada, and Latin America. Its portfolio primarily comprises of billboard displays, which are principally located on the heavily traveled highways and roadways; and transit advertising displays with multi-year contracts with municipalities in various cities across the United States.
Finally, Campbell Soup Company (NYSE:CPB), ended its last trade with -0.38% loss, and closed at $47.66.
Campbell Soup Company, declared it has accomplished the acquisition of the assets and business of Garden Fresh Gourmet for $231 million. Garden Fresh Gourmet is the No. 1 branded refrigerated salsa in the U.S. and also makes hummus, dips and tortilla chips.
Jeff Dunn, President–Campbell Fresh, said, “The acquisition of Garden Fresh Gourmet provides Campbell with another platform for growth in a key planned area - the fast-growing perimeter of the grocery store. Garden Fresh Gourmet’s on-trend products are the ideal complement to the Bolthouse Farms portfolio in the produce section and will assist extend our presence in the deli section. We’re excited to take Garden Fresh Gourmet to the next level.”
Garden Fresh Gourmet is part of the Campbell Fresh division, focused on building the company’s scale and accelerating growth in rapidly expanding packaged fresh categories. The division also comprises the Bolthouse Farms portfolio and Campbell’s retail refrigerated soups.
Campbell Soup Company, together with its auxiliaries, manufactures and markets convenience food products. It operates through U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages; and Bolthouse and Foodservice segments.
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