During Monday’s Current trade, Shares of BioScrip Inc (NASDAQ:BIOS), gain 1.36% to $2.99.
Stull, Stull & Brody declared that a complaint has been filed and that it has commenced an investigation regarding BioScrip, Inc.’s (BIOS) Dead Hand Proxy Put in the Company’s August 6, 2015, fourth amendment of a credit agreement dated July 31, 2013, for which SunTrust is the administrative agent (the “Credit Agreement”).
The Credit Agreement contains a Dead Hand Proxy Put which permits SunTrust to accelerate payment for all outstanding debt and unpaid interest if a majority of the Board is replaced as the result of a proxy contest initiated not on or on behalf of the Board. The purpose and effect of the Dead Hand Proxy Put is to deter proxy contests and entrench the incumbent Board. Stull, Stull & Brody is investigating whether the Dead Hand Proxy Put is a violation of fiduciary duties owed to BioScrip’s shareholders by its Board of Directors, and whether the Dead Hand Proxy Put should be enjoined.
BioScrip, Inc. provides home infusion and other home care services, and pharmacy benefit administration (PBM) services in the United States. It operates in two segments, Infusion Services and PBM Services.
Shares of ReneSola Ltd. (ADR)(NYSE:SOL), inclined 10.53% to $1.05, during its current trading session.
ReneSola Ltd (SOL), a leading brand and technology provider of energy-efficient products, recently declared that it has sold its 300 KW low voltage project in Kyoto, Japan to a local firm that intends to utilize the project to capitalize on tax incentives for investments made in small-scale renewable energy projects.
The Kyoto project is our first project sale in Japan and continues our momentum as we expand our business across key developed markets within the downstream segment of the solar industry,” said Mr. Xianshou Li, ReneSola’s chief executive officer. “The project sale is representative of our long-term strategy to build a portfolio of small-sized ground or commercial rooftop projects that we can sell to retail and institutional investors with attractive pricing and favorable payment terms. We have more than 32 MW in our Japan project pipeline and are implementing similar strategies that are focusing on small ground and commercial rooftop projects in other developed markets counting the UK, France and the US.”
The project features ReneSola Virtus modules and is qualified for Japan’s 36 Yen FIT scheme. ReneSola has closed the sale and received all proceeds from the project.
ReneSola Ltd, through its auxiliaries, manufactures and sells various solar power products. It operates through two segments, Wafer, and Cell and Module. The company offers virgin polysilicon; mono crystalline and multi crystalline solar wafers; and photovoltaic cells.
GameStop Corp.(NYSE:GME), during its Monday’s current trading session gained 0.09% to $42.33.
GameStop, a family of specialty retail brands that makes the most popular technologies affordable and simple, recently declared that customers can start using Android Pay to pay for purchases in its more than 4,200 U.S. video game stores.
GameStop has accomplished a nationwide rollout of Android Pay, which uses the NFC (Near Field Communication) feature on mobile devices to allow users to transform mobile payments with an easy and secure way to pay.
GameStop shoppers will find it easier than ever to purchase the latest games, consoles, accessories, and electronics during a quick stop to their favorite video game store.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
Finally, Flowserve Corp(NYSE:FLS), decreased -0.12%, to $41.76.
Flowserve Corporation, (FLS), a leading provider of flow control products and services for the global infrastructure markets, declared that its Board of Directors has authorized a quarterly cash dividend of $0.18 per share on the company`s outstanding shares of common stock. The dividend is payable on October 9, 2015, to shareholders of record as of the close of business on September 25, 2015. While Flowserve presently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.18 per share rate or otherwise, will be reviewed individually and declared by the Board at its discretion, dependent on the Board`s assessment of the company`s financial condition and business outlook at the applicable time. Flowserve Contacts Investor Contacts: Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560 Mike Mullin, Director, Investor Relations, (972) 443-6636 Media Contacts: Lars Rosene, Vice President, Global Communications and Public Affairs, (972) 443-6644 Amy Allen, Manager, Global Communications and Public Affairs, (972) 443-6501 About Flowserve: Flowserve Corp. is one of the world`s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves in addition to a range of related flow administration services. More information about Flowserve can be obtained by visiting the company`s Web site at www.flowserve.com. Safe Harbor Statement: This news release comprises forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made following the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, “may,” “should,” “anticipates,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which comprise, without limitation, earnings forecasts, statements regardingour business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
Flowserve Corporation designs, manufactures, distributes, and services industrial flow administration equipment worldwide. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related equipment and services, in addition to manufactures gas-lubricated mechanical seals used in high-speed compressors. T
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
